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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.