Writing the summary…
France is caught between angry students and unforgiving bond markets
Source: CNBC
Original reporting
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BBC Business
Boots sold in £7bn deal to Canadian billionaire family
The sale of the High Street chain was announced on Wednesday.
CNBC
Rubio says Tehran missed 'multiple' chances for nuclear deal amid Iran stalemate
Iran has failed to take advantage of "multiple opportunities" to reach a deal on its nuclear program, Secretary of State Marco Rubio said Wednesday.
The Guardian
South West Water owner taps investors to fix infrastructure after sewage spills
Pennon slashes dividend and launches £550m cash call ‘to drive improved outcomes for customers and communities’ The owner of embattled South West Water has slashed its dividend and launched a cash call to investors as it attempts to fund infrastructure investment, days after it was hit by a record £7.9m fine for hundreds of sewage spills. London-listed Pennon said on Wednesday it would tap investors for £550m, as part of a £1bn investment “to drive improved outcomes for customers and communities”. Continue reading...
The Guardian2 outlets
Royal Mail to cut up to 2,500 head office and support jobs by end of next year – business live
IMF chief Kristalina Georgieva warns energy shock, public debt and AI boom threaten global growth, as Brent crude rises above $101 a barrel and government bond yields rise John Healey is planning a major intervention to cut energy bills for poorer households in this month’s budget, after ministers became alarmed at forecasts that show bills rising by hundreds of pounds in January, the Guardian has revealed . The chancellor is working on plans to spend more than £1bn to help energy consumers, the bulk of which is likely to go towards increasing the discount given to households on certain benefits. Continue reading...
CNBC
Stocks made a record high. Two big bearish trades point to skepticism
In the State Street SPDR S&P 500 ETF Trust (SPY), about an hour after the opening bell on Tuesday, someone traded a 100,000-lot put spread.
BBC Business
Ex-bankers jailed for rigging rates have convictions quashed
Jay Merchant, Jonathan Mathew, Philippe Moryoussef, Alex Pabon, Colin Bermingham had their convictions overturned by the Court of Appeal.