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M&A shakes up European shares while financials decline

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LONDON Weak financial stocks weighed on European shares on Monday after a strong run of weekly gains, while dealmaking livened up trading with Portugal's EDP and Britain's IWG both jumping on takeover offers.

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China Three Gorges launches $10.8 billion bid for Portuguese power firm EDP 11 May 2018

LISBON China's state-owned utility China Three Gorges on Friday launched a bid to take control of Portugal's biggest company EDP, offering a premium of just below 5 percent on the power firm's closing stock price.

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Trading in Portugal's EDP suspended after reports of likely Chinese bid 11 May 2018

LISBON Trading in the shares of utility company EDP-Energias de Portugal was suspended on Friday, as media reported that a Chinese group was set to make a takeover bid for the firm.

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Portugal's EDP profit falls on regulatory pressure, forex 10 May 2018

LISBON EDP-Energias de Portugal posted a 23 percent drop in first-quarter net profit on Thursday due to regulatory pressure at home, an unfavourable exchange rate in Brazil and a one-off gain a year ago, despite rising electricity output.

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Portugal first-quarter trade deficit widens 25 percent 10 May 2018

LISBON Portugal's global trade deficit widened 25 percent in the first quarter of 2018 from a year earlier as imports rose at more than twice the pace of the increase in exports, while in March alone exports fell almost 6 percent.

Portugal first-quarter jobless rate falls to 7.9 percent 09 May 2018

LISBON Portugal's unemployment rate fell to 7.9 percent in the first quarter from 8.1 percent in the preceding three-month period, and was well below 10.1 percent in the same period of 2017, official data showed on Wednesday.

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Millennium bcp likely to resume dividend payouts after 2018 08 May 2018

LISBON Millennium bcp is likely to resume dividend payouts from next year based on its 2018 results, its chief financial officer said on Tuesday, a day after Portugal's largest listed lender posted a 71 percent rise in first quarter profit.

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BCP net profit soars 71 percent , Portugal ops regain strength 07 May 2018

LISBON Portugal's largest listed bank Millennium bcp posted a 71 percent jump in first-quarter net profit on Monday, boosted by a strong performance from its domestic operations and a drop in non-performing loans.

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Cape Verde aims for free trade zone with Atlantic islands - PM 07 May 2018

LISBON The Atlantic island nation of Cape Verde hopes to create a zone of free circulation for people and goods with the nearby Spanish Canary Islands and Portugal's Madeira and Azores, Prime Minister Ulisses Correia e Silva said on Monday.

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Portugal CTT sticks to moderate mail traffic drop forecast 03 May 2018

LISBON Portugal's postal service CTT is sticking to its forecast of a 5 to 6 percent drop in addressed mail volume this year despite a disappointing 9.1 percent slump in the first quarter, CEO Francisco Lacerda told Reuters.

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EU sources deny report of proposed new nuclear deal with financial aid for Iran

BERLIN Three European Union sources have denied that diplomats meeting in Vienna on Friday to salvage the imperilled Iranian nuclear deal after Washington withdrew will discuss offering Iran financial aid in exchange for concessions.