Telia Company (TELIA.ST) expects reforms in Sweden to take a year longer than planned, the Nordic telecoms company warned, sending its shares lower despite beating quarterly profit forecasts and raising its outlook.
Britain’s top share index fell on Friday, led by Intercontinental Hotels Group after disappointing results and budget airline EasyJet Plc following a broker downgrade amid growing gloom in the travel sector.
BSE Sensex plunged by 464 points or 1.33 per cent to close at 34,315.63 points due to losses in index major Reliance Industries, HDFC and Infosys.
Shares in Yes Bank Ltd tanked more than 8 percent after the Reserve Bank of India (RBI) denied its request for a second time on Wednesday to extend Chief Executive Rana Kapoor’s term.
Intu Properties (INTUP.L) confirmed it was considering a 215 pence per share preliminary takeover offer from a consortium formed by British billionaire John Whittaker and Saudi Arabian and Canadian investors.
The BSE benchmark Sensex tumbled 637 points and the broader Nifty slipped below the 10,300-mark in late afternoon trade Friday following heavy selling in blue chip Reliance Industries as well as financial stocks.
Qianhai Mercantile Exchange (QME), a Shenzhen-based commodity trading platform controlled by Hongkong Exchange (HKEX) Group, began trading, the bourse said in a statement.
Shares of Reliance Industries Friday slumped 7 per cent despite the company reporting its highest ever quarterly net profit in the July-September quarter.
Britain’s FTSE 100 index is seen opening 17 points higher at 7,044, according to financial bookmakers, with FTSE 100 futures up 0.19 percent ahead of the cash market open.