European shares dropped as military strikes continued in the Middle East and US President Donald Trump issued new threats ahead of his deadline for a deal with Iran. The Stoxx Europe 600 Index declined 1% at the close in London, after having earlier risen as much as 0.8%. The media sector outperformed with Universal Music Group NV surging 11% after Pershing Square offered to buy the entertainment ...
European shares dropped as military strikes continued in the Middle East and US President Donald Trump issued new threats ahead of his deadline for a deal with Iran. The Stoxx Europe 600 Index declined 1% at the close in London, after having earlier risen as much as 0.8%. The media sector outperformed with Universal Music Group NV surging 11% after Pershing Square offered to buy the entertainment company. Tech was led lower by ASML Holding NV, which fell 4.1% after US lawmakers proposed tighter restrictions on exports of chipmaking tools to China. Trump threatened widespread destruction in Iran in a social media post on Tuesday, framing his 8 p.m. Eastern Time deadline to reach a deal as “one of the most important moments” in global history. The New York Times reported that the Islamic Republic has now stopped negotiations. “Markets simply cannot look further in the future than the next Trump social media post, which makes investors’ life incredibly difficult,” said Joachim Klement , head of strategy at Panmure Liberum. If the deal doesn’t materialize, we could see “a final capitulation leg down in European equity markets, which so far is still missing in this correction,” he added. Meanwhile, investor confidence in the euro-area economy dropped to the lowest in a year due to the Iran war, casting doubt on the region’s nascent recovery. Yet, many traders fear the European Central Bank will have to increase interest rates to counter the inflation threat, with Governing Council member Pierre Wunsch saying several hikes were possible if the war drags on. In other individual stocks, Leonardo SpA fell 8%. Italy is set to name a replacement for the firm’s chief executive officer as soon as this week, according to people familiar with the matter. For more on equity markets: Europe Is Losing an Edge That Was So Hard to Build: Taking Stock M&A Watch Europe: Pershing Square Offer for UMG, Bureau Veritas US Stock Futures Little Changed; Alignment Healthcare Gains You want more...
Panama7 Sanofi’s ( SNY ) lunsekimig met primary and key secondary endpoints in phase 2 respiratory studies in asthma and CRSwNP, the company said on Tuesday. Lunsekimig, a novel bispecific Nanobody VHH, is made of five linked antibody fragments designed to simultaneously block TSLP and IL-13, two separate drivers of inflammation that contribute to tissue damage in asthma and related diseases. In b...
Panama7 Sanofi’s ( SNY ) lunsekimig met primary and key secondary endpoints in phase 2 respiratory studies in asthma and CRSwNP, the company said on Tuesday. Lunsekimig, a novel bispecific Nanobody VHH, is made of five linked antibody fragments designed to simultaneously block TSLP and IL-13, two separate drivers of inflammation that contribute to tissue damage in asthma and related diseases. In both studies, lunsekimig was well tolerated, with an acceptable safety profile, the statement said. “These data are promising and support our belief that the dual-targeting mechanism of lunsekimig may offer a novel treatment option for patients living with respiratory diseases, including asthma,” Houman Ashrafian, executive vice president, head of research & development at Sanofi ( SNY ) said. “Importantly, these findings underscore lunsekimig’s potential to address multiple critical aspects of respiratory disease management through its unique mechanism.” More on Sanofi Dupixent's Impact On Sanofi: A Quantitative Projection Of Its Revenue Need Growing EPS And Dividends? Prescribe Sanofi Sanofi: CEO Leaves With Project Rejuvenation Unfinished, But Stock Undervalued Sanofi replaces CEO Paul Hudson, names Belén Garijo as successor Sanofi anticipates profitable growth to continue over at least five years
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. Bill Ackman has made a hefty bid for the world’s largest music company which houses the likes of Taylor Swift, Drake and Sabrina Carpenter. London-listed Pershing Square Holdings offered to buy Universal Music Group for €9.4 billion, in a mix of cash and shares. Ackman’s inves...
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. Bill Ackman has made a hefty bid for the world’s largest music company which houses the likes of Taylor Swift, Drake and Sabrina Carpenter. London-listed Pershing Square Holdings offered to buy Universal Music Group for €9.4 billion, in a mix of cash and shares. Ackman’s investment firm already owns about 4.5% of the company. Under the proposal, UMG would merge with a blank-cheque company set up by Ackman and shift its listing from Amsterdam to New York. There could be hurdles ahead. Any takeover would need the approval of major shareholders including French media billionaire Vincent Bollore and China’s Tencent. Some analysts are already predicting resistance. In a statement, Ackman said UMG’s share price has “languished due to a combination of issues that are unrelated to the performance of its music business,” which could be addressed by his deal. UMG shares jumped 24% at the open but are still down 23% this year. Pershing shares fell, while Bollore rose 5%. In the words of Taylor Swift, let’s hope there’s not too much bad blood. What’s your take? Ping me on X , LinkedIn or drop me an email at lmoon13@bloomberg.net. Oh, and do subscribe to Bloomberg.com for unlimited access to trusted business journalism on the UK, and beyond. What We’re Watching WH Smith ’s new executive chairman Leo Quinn (formerly chief of Balfour Beatty) starts today, while Andrew Harrison steps down from the board to resume his role as head of the UK division. The shakeup comes as the retailer tries to recover from a stock slump and CEO resignation over an accounting error that led to an ongoing investigation by the FCA. JPMorgan will build the tallest tower in Canary Wharf, and one of the tallest in Europe, after reaching an agreement with London City Airport over height restrictions, the FT reported. Its new UK headquarters will stand at 265 metres, overtaking Canary Wh...
The S&P 500 index has dropped 3.8% this year through April 2. Investors have had plenty to worry about recently, with the ongoing war in Iran. That's caused oil prices to jump, with the price of Brent crude oil, an international benchmark, increasing about 50% since hostilities broke out at the end of February. The most visible and immediate impact has been on gas prices. With consumers forced to ...
The S&P 500 index has dropped 3.8% this year through April 2. Investors have had plenty to worry about recently, with the ongoing war in Iran. That's caused oil prices to jump, with the price of Brent crude oil, an international benchmark, increasing about 50% since hostilities broke out at the end of February. The most visible and immediate impact has been on gas prices. With consumers forced to shell out more money at the pump, that'll undoubtedly hurt their spending on other items. But the situation presents an opportunity for long-term investors to buy consumer discretionary stocks at better valuations. This S&P 500 company deserves your serious consideration after its stock price dropped this year. Continue reading
The headline S&P Global Spain Services PMI improved to 53.3 in March. That was up from51.9 in February to signal a stronger rate of activity growth. The S&P Global Spain Composite PMI registered 52.4 in March, up from 51.5 in the previous month. "Spain’s service sector expanded at a solid rate in March, with growth picking up on February’s low. However, despite this improvement, when combined with...
The headline S&P Global Spain Services PMI improved to 53.3 in March. That was up from51.9 in February to signal a stronger rate of activity growth. The S&P Global Spain Composite PMI registered 52.4 in March, up from 51.5 in the previous month. "Spain’s service sector expanded at a solid rate in March, with growth picking up on February’s low. However, despite this improvement, when combined with a downturn in manufacturing output in March, Spain’s economy has experienced a weaker growth profile overall in the first quarter of 2026. Expect, therefore, official data on GDP for early 2026 to show a slower rate of expansion than the 0.8% quarterly gain reported for the fourth quarter of 2025." said Paul Smith, Economics Associate Director at S&P Global Market Intelligence. More on Spain EWP: Spain Steadies Itself After A March Correction, Low-Teens P/E EUFN: A Maturing Rally With Room To Run EUFN: Why European Financials Profit-Taking Is Prudent (Downgrade) Spain shuts airspace for U.S. planes involved in Iran attacks ECB officials ready to hike rates if inflation rises too much - report
Crystol Energy CEO Carole Nakhle says US President Donald Trump’s threat to escalate the war against Iran adds more uncertainty and volatility to oil in an “already-stressed market.” She speaks on Bloomberg Television.
Crystol Energy CEO Carole Nakhle says US President Donald Trump’s threat to escalate the war against Iran adds more uncertainty and volatility to oil in an “already-stressed market.” She speaks on Bloomberg Television.
Billionaire claims world’s biggest music company has suffered due to postponement of US listing Business live – latest updates Billionaire Bill Ackman’s hedge fund has offered to buy Universal Music Group (UMG) in a deal that values the world’s biggest music company at more than €50bn (£44bn). Pershing Square, the New-York based hedge fund, has offered to buy the business, which is home to artists...
Billionaire claims world’s biggest music company has suffered due to postponement of US listing Business live – latest updates Billionaire Bill Ackman’s hedge fund has offered to buy Universal Music Group (UMG) in a deal that values the world’s biggest music company at more than €50bn (£44bn). Pershing Square, the New-York based hedge fund, has offered to buy the business, which is home to artists including Taylor Swift and Elton John, in a cash and stock deal. Continue reading...