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OMERS French digital asset secures $6.3 bln of credit facilities

OMERS French digital asset secures $6.3 bln of credit facilities Oct 16 (Reuters) - OMERS Infrastructure, the infrastructure investments unit of Canada-based pension plan owner OMERS, said on Wednesday that XpFibre, its digital asset in France, has secured 5.8 billion euros($6.31 billion) of credit facilities. OMERS raised this amount along with other shareholders such as Altice, Allianz ALVG.DE , and AXA IM Alts, the alternative investment arm of French insurer AXA AXAF.PA .
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MS favours Italy's Generali among European major insurers

BUZZ-MS favours Italy's Generali among European major insurers ** Morgan Stanley highlights Italy's Generali GASI.MI as its top pick among major European insurance companies, lifting its rating to " o verweight" from "equal-weight" ** It says Generali's capital markets day in January could surprise positively, especially around dividend ** MS forec
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Net inflows at Italian asset gatherers up 3% y/y in September

REFILE-Net inflows at Italian asset gatherers up 3% y/y in September Repeats to additional subscribers By Alessandro Parodi and Alberto Chiumento MILAN, Oct 8 (Reuters) - Italy's five listed asset gatherers reported combined net inflows of 1.31 billion euros ($1.44 billion) for September, up 3% from 1.27 billion euros in the same month of 2023. Net inflows into more lucrative assets under management (AuM) rose to a combined 1.25 billion euros, up from 353.8 million last year, data showed.
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Mediobanca CEO says conditions not right for cross-border bank M&A in Europe

UPDATE 2-Mediobanca CEO says conditions not right for cross-border bank M&A in Europe Releads with Mediobanca CEO's comments MILAN, Oct 3 (Reuters) - Conditions are not favourable for cross-border banking tie-ups in Europe, the head of Italy's Mediobanca MDBI.MI said on Thursday, adding that a potential acquisition of Commerzbank by UniCredit would not qualify as a cross-border deal.
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AXA To Repurchase Shares For Cancellation For Up To 452.2 Million Euros

BRIEF-AXA To Repurchase Shares For Cancellation For Up To 452.2 Million Euros Oct 2 (Reuters) - AXA SA AXAF.PA : HAS EXECUTED TODAY A SHARE REPURCHASE AGREEMENT WITH AN INVESTMENT SERVICES PROVIDER WILL BUY BACK ITS OWN SHARES FOR CANCELLATION FOR A MAXIMUM AMOUNT OF EURO 452,200,000 SHARE BUYBACK TRANSACTIONS WILL NOT EXTEND BEYOND OCTOBER 30, 202
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DAE, AXA clinch deal as UK battle over jets 'lost' in Russia kicks off

UPDATE 1-DAE, AXA clinch deal as UK battle over jets 'lost' in Russia kicks off Lessor DAE reaches settlement with Western insurer AXA Aircraft lessors sue over billions of dollars in unpaid claims Five disputes against different insurers rolled into one trial Hundreds of aircraft remain in Russia after Ukraine invasion Trial marks start of one of biggest UK insurance battles Recasts with DAE, AXA settlement By Kirstin Ridley and Sam Tobin LONDON, Oct 2 (Reuters) - Aircraft lessor Dubai Aerospac
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Lessor DAE clinches settlement with AXA over jets 'lost' in Russia

Lessor DAE clinches settlement with AXA over jets 'lost' in Russia LONDON, Oct 2 (Reuters) - Aircraft lessor Dubai Aerospace (DAE) has struck a settlement with insurer AXA AXAF.PA over aircraft retained in Russia since the invasion of Ukraine , the London High Court was told on Wednesday. Alistair Schaff, a lawyer for Dubai Aerospace Enterprise, told the first day of a High Court battle between lessors and insurers that a confidential settlement had been secured and DAE's remaining claim now tur
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Bureau Veritas, Covestro AG, Redcare Pharmacy NV

EUROPE RESEARCH ROUNDUP-Bureau Veritas, Covestro AG, Redcare Pharmacy NV Oct 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bureau Veritas, Covestro AG and Redcare Pharmacy NV, on Wednesday. HIGHLIGHTS * British Land BLND.L : Deutsche Bank raises to buy from hold * Bureau Veritas BVI.PA : JP Morgan cuts to neutral from overweight * Covestro AG 1COV.DE : Jefferies cuts to hold from buy * Redcare Pharmacy NV RDC.DE : HSBC raises t
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Assessing the impact of potential tax hikes on French stocks

RPT-LIVE MARKETS-Assessing the impact of potential tax hikes on French stocks Repeats to include named item code with no changes to text STOXX 600 up 0.4% Banks drag Real estate leads, up 1.4% Euro zone inflation eases Oct 1 (Reuters) - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com ASSESSING THE IMPACT OF POTENTIAL TAX HIKES ON FRENCH STOCKS France finally has a new government,
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Assessing the impact of potential tax hikes on French stocks

LIVE MARKETS-Assessing the impact of potential tax hikes on French stocks STOXX 600 up 0.4% Banks drag Real estate leads, up 1.4% Euro zone inflation eases Oct 1 (Reuters) - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com ASSESSING THE IMPACT OF POTENTIAL TAX HIKES ON FRENCH STOCKS France finally has a new government, but investor jitters remain fraught amid media reports that ne
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China stimulus pushes global shares to new peak, boosts commodities

GLOBAL MARKETS-China stimulus pushes global shares to new peak, boosts commodities Shanghai, Hong Kong shares rally Miners, luxury lift European shares Focus on upcoming U.S. jobs data Updated at 1112 GMT By Sruthi Shankar and Ankur Banerjee LONDON/SINGAPORE, Sept 24 (Reuters) - World stocks hit a record high on Tuesday after China unveiled stimulus measures to support its economy and stock markets, sending Asian and European shares higher and triggering a bounce in commodity prices.
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Investors shun European car stocks despite rock bottom valuations

ANALYSIS-Investors shun European car stocks despite rock bottom valuations Auto shares trade at 60% discount to wider market Industry hit by slowdown, China competition Sector earnings seen falling more than 13% in 2024 EU car sales plunged over 18% in August By Sruthi Shankar, Danilo Masoni Sept 20 (Reuters) - European auto stocks are so unpopular right now that investors keep reducing their exposure even as the scale of the industry's problems has driven valuations close to record lows, which
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GS initiates European insurers on policy rate easing, retail P&C, mix improvement

BUZZ-GS initiates European insurers on policy rate easing, retail P&C, mix improvement ** Goldman Sachs initiates coverage of European multi-line insurers, as it sees positive trend of diversification and downside protection multi-lines can provide ** Says key sub-sector themes are an impact of central bank policy easing, earnings volatility and re
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BMW, Kingfisher, Spectris

EUROPE RESEARCH ROUNDUP-BMW, Kingfisher, Spectris Sept 18 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Kingfisher and Spectris, on Wednesday. HIGHLIGHTS * BMW BMWG.DE : Citigroup raises to neutral from sell * Entain ENT.L : Berenberg raises target price to 1,030p from 1,020p * Kingfisher KGF.L : Citigroup raises target price to 301p from 292p * Spectris SXS.L : HSBC cuts to hold from buy * Whitbread WTB.L : Goldman Sachs cu
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Unipol would only consider MPS stake as part of insurance deal, chairman says

Unipol would only consider MPS stake as part of insurance deal, chairman says Italy looking to sell down MPS stake, find partner Unipol interested in insurance partnership Unipol might take up to 9.9% stake as part of partnership By Andrea Mandala BARCELONA, Sept 17 (Reuters) - Insurer Unipol UNPI.MI could consider becoming an investor in Monte dei Paschi BMPS.MI , as Italy sells down its stake in the bank, but only as part of an insurance partnership, Unipol Chairman Carlo Cimbri said.
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Bank dividends catapult Q2 global payouts to record highs

Bank dividends catapult Q2 global payouts to record highs Banks continued to propel global dividends to record highs in the second quarter of 2024 as higher interest rates boosted profits, allowing them to pay out bigger returns to shareholders compared with the previous year. Payouts jumped to a record $606.1 billion in the second quarter from $568.1 billion a year earlier, the Global Dividend Index report by Janus Henderson showed on Monday.
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BMW, Legrand, Sodexo

EUROPE RESEARCH ROUNDUP- BMW, Legrand, Sodexo Sept 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Legrand and Sodexo, on Wednesday. HIGHLIGHTS * BMW BMWG.DE : HSBC cuts target price to EUR 85 from EUR 109 * Kion Group AG KGX.DE : JP Morgan raises to overweight from neutral * Legrand LEGD.PA : JP Morgan raises to overweight from neutral * Phoenix PHNX.L : Peel Hunt cuts target price to 650p from 690p * Sodexo EXHO.PA : JP M
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Investors press Baloise to shake up business after Cevian swoop

Investors press Baloise to shake up business after Cevian swoop By Oliver Hirt and Paul Arnold ZURICH, Sept 10 (Reuters) - Swiss insurer Baloise BALN.S is under pressure to heed shareholder demands to shake up its portfolio and boost returns since activist investor Cevian Capital said it held over 9% of the company's stock, becoming its biggest stakeholder.
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Net inflows at Italian asset gatherers nearly double y-o-y in August

Net inflows at Italian asset gatherers nearly double y-o-y in August By Alessandro Parodi MILAN, Sept 9 (Reuters) - Italy's five listed asset gatherers reported for August combined net inflows of 1.5 billion euros ($1.7 billion), up from 783 million euros in the same month of 2023. Net inflows into more lucrative assets under management rose to a combined 1.02 billion euros, up from 295.4 million last year, data showed.
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French equities lacking long-term visibility

LIVE MARKETS-French equities lacking long-term visibility STOXX 600 down 0.3% Miners, energy lag Wall Street futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com FRENCH EQUITIES LACKING LONG-TERM VISIBILITY 58 days and counting...
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