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UK gilts face worst week in months as budget rattles investors

UPDATE 2-UK gilts face worst week in months as budget rattles investors UK yields set for big weekly jump Sterling set for weekly slide vs euro Scale of bond, pound moves still far short of Sept 2022 rout Markets calmer on Friday, some investors see opportunities Updates prices at 1545 GMT By Yoruk Bahceli, Amanda Cooper and Harry Robertson LONDON, Nov 1 (Reuters) - Shorter-term B ritish government borrowing costs headed for their biggest weekly jump in over a year on Friday, while the pound w a
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Intesa CEO plans to propose 'significant' buyback at year-end

BRIEF-Intesa CEO plans to propose 'significant' buyback at year-end Oct 31 (Reuters) - Intesa Sanpaolo Chief Executive Officer Carlo Messina tells analyst call: EXPECTS TO PROPOSE "SIGNIFICANT" BUYBACK TO BOARD AT YEAR-END BNP'S TRANSACTION WITH AXA HAS PROMPTED EVERYONE ELSE TO CONDUCT STUDIES THERE IS NO M&A TARGET IN WEALTH MANAGEMENT THAT WORKS
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BNP Paribas CFO: AXA IM Acquisition To Contribute to Bottom Line

BRIEF-BNP Paribas CFO: AXA IM Acquisition To Contribute to Bottom Line Oct 31 (Reuters) - AXA SA AXAF.PA : BNP PARIBAS CFO: AXA IM ACQUISITION WILL POSITIVELY CONTRIBUTE TO THE BOTTOM LINE BUT THERE COULD ALSO BE RELATED DEPRECIATION, RESTRUCTURING COSTS Further company coverage: AXAF.PA Reporting by Mathieu Rosemain
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Oct 31 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. AIRBUS AIR.PA : Airbus reported Q3 net income at EUR 983 million, and said it would propose a third therm for CEO Guillaume Faury. AXA AXAF.PA : Axa reported 9-month revenues up 7% at EUR 84.0 billion, in line with expectations.
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BNP Paribas shares drop sharply as quarterly results disappoint

UPDATE 2-BNP Paribas shares drop sharply as quarterly results disappoint Shares down about 6% Performance lags forecast-beating rivals Investment banking upturn fails to impress Adds market reaction in paragraphs 1-5 By Mathieu Rosemain PARIS, Oct 31 (Reuters) - BNP Paribas BNPP.PA shares dropped sharply on Thursday as third-quarter results from its investment banking division, lower than expected capital buffers and weaker than expected sales in Belgium disappointed investors.
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SocGen jumps after CEO shakes up top team, rival BNP falters

UPDATE 4-SocGen jumps after CEO shakes up top team, rival BNP falters SocGen's shares jump after management shake-up, profit beat BNP Paribas shares slide after mixed results SocGen reports French retail rebound, strong investment banking Both French banks have seen shares underperform rivals in 2024 Adds analyst quote in paragraphs 9 and 10, updates shares, adds detail throughout By Mathieu Rosemain PARIS, Oct 31 (Reuters) - Societe Generale's SOGN.PA shares soared on Thursday after CEO Slawomi
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BNP Paribas meets profit forecast thanks to investment bank

BNP Paribas meets profit forecast thanks to investment bank Trading business offsets decline in car-leasing activity Investment unit drives sales growth French bank confirms 2024 targets By Mathieu Rosemain PARIS, Oct 31 (Reuters) - BNP Paribas BNPP.PA said on Thursday that increased trading activity at its investment banking division helped it meet profit forecasts in the third quarter, after its consumer finance and car-leasing businesses disappointed.
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Italy readies market sale of Monte dei Paschi stake as longer-term plan elusive, sources say

REFILE-Italy readies market sale of Monte dei Paschi stake as longer-term plan elusive, sources say Refiles to fix wording in headline Rome must cut MPS stake to show EU it doesn't control bank Italy rescued MPS in 2017, wants strategic buyer for stake sale No active talks with merger candidates Banco BPM, BPER Banco BPM remains favoured option for government By Valentina Za, Giuseppe Fonte MILAN, Oct 30 (Reuters) - Italy is struggling to find a "strategic" buyer for its stake in lender Monte de
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Amundi's Q3 net inflows profit from ETF demand, Asian operations

Amundi's Q3 net inflows profit from ETF demand, Asian operations Demand for ETFs, ETCs brought 7.8 billion euros of net inflows Asian operations, third-party distributors also contributed Amundi remains open to acquisitions if targets meet ROI criteria - CEO By Mathieu Rosemain PARIS, Oct 30 (Reuters) - Amundi AMUN.PA , Europe's biggest fund manager, posted in-line quarterly inflows on Wednesday, driven by sustained demand for risk-averse products and its Asian operations.
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Allianz weighs options for AllianzGI unit, sources say

REFILE-EXCLUSIVE-Allianz weighs options for AllianzGI unit, sources say Clarifies sourcing in paragraph 7 By Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui LONDON, Oct 24 (Reuters) - Allianz ALVG.DE is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale.
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Allianz weighs options for AllianzGI unit, sources say

EXCLUSIVE-Allianz weighs options for AllianzGI unit, sources say Updates with history, performance, industry context paragraphs 6-9 By Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui LONDON, Oct 24 (Reuters) - Allianz ALVG.DE is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale.
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Norwegian bank DNB to buy Sweden's Carnegie for $1.14 bln

UPDATE 5-Norwegian bank DNB to buy Sweden's Carnegie for $1.14 bln Cash deal with PE firm Altor and minority shareholders Will boost Nordic presence, DNB CFO says No job cuts expected, deal to finalise in H1 2025 Adds CFO interview in paragraphs 2-4, 6-7, updates shares in paragraph 8 STOCKHOLM, Oct 21 (Reuters) - Norway's largest bank DNB DNB.OL has agreed to buy Swedish investment bank and asset manager Carnegie from private equity firm Altor and minority owners for around 12 billion Swedish c
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Europe's banks under investor pressure to keep earnings growth alive

PREVIEW-Europe's banks under investor pressure to keep earnings growth alive European banks report Q3 earnings this week and next Focus on fading interest rate boost, cost controls UniCredit move stirs M&A chatter By Sinead Cruise LONDON, Oct 21 (Reuters) - Europe's biggest banks are healthier than at any point since the 2008-09 financial crisis, but investors want reassurance that they can trust their longer term earnings power as interest rates fall.
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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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