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UKs Smart Metering Systems Agrees to 1.63B Takeover Offer

Dec 7 Reuters British energy infrastructure firm Smart Metering Systems SMS said on Thursday a company owned by funds advised by KKR and its affiliates will take it private in an allcash deal of about 1.3 billion pounds 1.63 billion. The 955 pencepershare offer represents a premium of 40.4 to the Londonlisted stock39;s Wednesday close. SMS […]
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UK Cardboard Maker DS Smith CEO to Retire

CEO Miles Roberts to retire HY Pre tax profit down 15 Shares down 2 in early trading Dec 7 Reuters DS Smith CEO Miles Roberts plans to retire after 13 years, the British cardboard maker said on Thursday, as the company reported a sharp drop in halfyear profits and said the macro environment was challenging for […]
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Euro Sags, Yen Jumps as Investors Bet on BOJ Shift

LONDON, Dec 7 Reuters The euro grazed a threeweek low on Thursday, driven by mounting expectations that the European Central Bank ECB may cut rates as early as March, while the prospect of a shift in Japanese policy gave the yen its biggest oneday boost since January. The euro is heading for its biggest weekly […]
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Indian Shares Fall as Sustained Rally Comes to a Pause

BENGALURU, Dec 7 Reuters India39;s benchmark indexes fell on Thursday, dragged by financials in a consolidation of sorts after rising for seven consecutive sessions and hitting fresh record highs. The NSE Nifty 50 index shed 0.30 to 20,875.50 points, while the SP BSE Sensex was down 0.35 to 69,408.07 as of 1012 a.m. IST. We cannot ignore […]
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UKs FTSE 100 Falters as Financials Weigh

ICAG slumps on brokerage downgrade DS Smith falls after reporting profit drop FTSE 100 down 0.3, FTSE 250 off 0.8 Dec 7 Reuters The UK39;s FTSE 100 fell in broadbased declines on Thursday as weak Chinese data took the wind out of Chinaexposed financials, while a firmer pound also posed a downside to the exporterheavy […]
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Gold Rises on Weaker USD, Yields; Spotlight on US Jobs Data

10year Treasury yields hovering near 3month lows Markets await U.S. nonfarm payrolls data on Friday Dec 7 Reuters Gold prices climbed on Thursday, buoyed by a weakness in the dollar and Treasury yields, with investors awaiting crucial U.S. payrolls data that could help ascertain the Federal Reserve39;s interest rate trajectory. Spot gold rose 0.4 to […]
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European Shares Drop after Recent Rally; Economic woes Weigh

German industrial output posts unexpected fall in Oct Final eurozone Q3 GDP due Sanofi to focus on 12 blockbuster drug candidates, shares rise Travel and leisure stocks slip as JPM downgrades airline stocks Dec 7 Reuters European shares took a breather on Thursday after strong gains recently, with travel and leisure stocks leading declines, as […]
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