focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTED.L Share News (TED)

  • There is currently no data for TED

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 3-European stocks slip from recent highs, telecom deals in focus

Tue, 07th Sep 2021 09:45

* KPN leads gains after Deutsche Telekom unit sale

* Meggitt tumbles as TransDigm drops bid

* Traders await ECB meeting on Thursday
(Updates to market close)

By Sruthi Shankar and Ambar Warrick

Sept 7 (Reuters) - European stocks ended lower on Tuesday as
caution kicked in ahead of a European Central Bank meeting later
this week, while focus turned to a flurry of telecom deals led
by Deutsche Telekom.

The pan-European STOXX 600 index slipped 0.5% after
coming close to a record high in the previous session. Utilities
, healthcare and chemical stocks were
among the top decliners.

Spurring moves in telecoms, Deutsche Telekom
struck a share-swap deal with SoftBank Group to
increase its stake in U.S. unit T-Mobile. The stock
fell slightly.

The company and Swedish telecoms operator Tele2
also agreed to sell their Dutch unit to private equity groups
for an enterprise value of 5.1 billion euros ($6.05 billion).

Dutch peer KPN rose 4.1%, leading gains on the
STOXX 600, while UK's BT fell 0.1% on news Deutsche
Telekom is weighing options for its 12% stake in BT.

The wider telecoms index rose 0.1%.

Caution prevailed ahead of the ECB meeting on Thursday, with
a recent surge in euro zone inflation and improving economic
data driving bets of tighter monetary policy.

"It's believed that the ECB is discussing tapering their
PEPP purchases. If it is, then investors will look for signs
that they are going to compensate by making purchases through
other schemes," said Andrea Cicione, head of strategy at TS
Lombard.

"The reason they wouldn't want to get ahead of the Fed is
because any hawkish remark by Lagarde or the ECB would cause
even more strength in the euro, which would be negative for
European growth."

The benchmark STOXX 600 has gained almost 19% so far this
year, slightly lagging New York's S&P 500, as relatively high
rates of vaccination brightened the recovery outlook, with many
people returning to offices following sweeping restrictions last
year.

Hopes of more economic stimulus for China and Japan, as well
as growing views the U.S. Federal Reserve is likely to delay the
start of tapering its asset purchases pushed world stocks to
record highs earlier.

British engineering firm Meggitt fell 12.1%, and
was the worst performer on the STOXX 600 after aerospace parts
maker TransDigm bowed out of a $8.7 billion takeover
battle for the firm.

The world's largest inter-dealer broker TP ICAP Group
slumped 10.7% after reporting a lower half-year
profit.

Upmarket fashion retailer Ted Baker climbed 0.2% as
sales surged during the second quarter as customers returned to
shops after months of coronavirus restrictions.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak
Dasgupta, Louise Heavens and Richard Chang)

More News
20 Mar 2022 19:30

Sunday newspaper round-up: TTIP, Lloyds, Ted Baker

(Sharecast News) - German finance minister, Christian Lindner, is calling for a fresh push in the wake of the invasion of Ukraine to put in place a trade deal between the European Union and the US. The last attempt, known as the Transatlantic Trade and Investment Partnership (TTIP), was put to rest in 2016, during the Trump administration. In remarks made to Handelsblatt, Lindner said the conflict had made clear how important it is to foster free trade with partners who share the same values. He was speaking ahead of a planned visit to a NATO summit by US President Joe Biden later in March. - Sunday Telegraph

Read more
18 Mar 2022 17:29

FTSE 100 notches best week in over year

March 18 (Reuters) - British stocks ended near session highs on Friday, and the blue-chip index clocked its best weekly performance in over a year as investors digested negotiations over the Ukraine-Russia conflict and a dovish outlook from the Bank of England this week.

Read more
18 Mar 2022 16:53

LONDON MARKET CLOSE: Stocks edge higher in cautious end to busy week

(Alliance News) - European equities closed slightly higher on Friday, ending a stacked week in slightly muted fashion, though stocks grew in confidence over the course of the afternoon after Chinese leader Xi Jinping condemned Russia's invasion of Ukraine.

Read more
18 Mar 2022 12:22

LONDON MARKET MIDDAY: Stocks fall as Biden to press Xi over Russia

(Alliance News) - Stock prices in London turned lower at midday on Friday, with major power conflict top of mind ahead of the first call between the leaders of the US and China since Moscow's invasion of Ukraine.

Read more
18 Mar 2022 11:04

SMALL-CAP WINNERS & LOSERS: Ted Baker takeover interest lifts peers

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

Read more
18 Mar 2022 09:12

LONDON MARKET OPEN: Ted Baker surges as Sycamore mulls offer

(Alliance News) - Stock prices in London opened mixed on Friday as doubts emerged over Russia-Ukraine peace talks as Moscow's relentless assault on its neighbour continues.

Read more
18 Mar 2022 09:02

UPDATE: Private equity firm, Sycamore, confirms interest in Ted Baker

(Alliance News) - Ted Baker PLC has received interest from across the Atlantic, as a New York private equity firm confirmed it is considering a takeover offer.

Read more
18 Mar 2022 07:50

LONDON MARKET PRE-OPEN: Sycamore confirms Ted Baker takeover approach

(Alliance News) - Stock prices in London are seen opening higher on Friday, tracking a rise in US and Asian equities, as the conflict between Russia and Ukraine remains grim.

Read more
18 Mar 2022 07:35

US PE firm Sycamore considering bid for Ted Baker

(Sharecast News) - Shares of Ted Baker surged on Friday after US private equity firm Sycamore Partners confirmed it is in the early stages of considering a possible cash offer for the London-listed fashion retailer.

Read more
18 Mar 2022 06:54

PRESS: Private equity firm Sycamore eyes takeover move for Ted Baker

(Alliance News) - US private equity firm Sycamore Partners is mulling a takeover approach for London-listed fashion retailer Ted Baker PLC, Sky News reported on Friday.

Read more
8 Mar 2022 13:44

IN BRIEF: Ted Baker hires former Joules CFO as new finance chief

Ted Baker PLC - London-based clothing retailer - Appoints Marc Dench as chief financial officer, effective from Tuesday. Dench succeeds David Wolffe who has resigned with immediate effect "to pursue another opportunity", having been in post since early 2020. Dench joins from digital health platform Health Hero and previously was CFO at British lifestyle retailer Joules Group PLC for five years. Before Joules, Dench was CFO of the Global Brands & International Retail division of Walgreens Boots Alliance Inc.

Read more
8 Mar 2022 08:25

Ted Baker appoints Marc Dench as CFO as Wolffe steps down

(Sharecast News) - Fashion brand Ted Baker has appointed Marc Dench as chief financial officer with immediate effect.

Read more
23 Feb 2022 17:01

FTSE 100 climbs as Barclays, consumer staples boost sentiment

Feb 23 (Reuters) - UK shares rose on Wednesday aided by strong earnings from Barclays and gains in consumer staples on the back of a weaker pound, while investors awaited Russia's next move after Western sanctions were imposed on Moscow for ordering troops into separatist regions of eastern Ukraine.

Read more
23 Feb 2022 16:56

LONDON MARKET CLOSE: Relief rally stalls as Ukraine worries heighten

(Alliance News) - The FTSE 100 posted only fractional gains on Wednesday as a strong start to the session faded in the afternoon amid concerns over the Ukraine crisis and Russia's impending response to a raft of sanctions from the West.

Read more
23 Feb 2022 11:29

SMALL-CAP WINNERS & LOSERS: Ted Baker confident of wider profit margin

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.