European Indices Rise as Monetary Stimuli Hopes Live on; Songbird Tells Bidders to Fly Away
Better-than-expected German factory orders and perpetual hopes of euro-zone monetary stimuli boost European stock indices on Friday, even as Germany’s central bank cuts its growth outlook for Europe’s largest economy.
Better-than-expected German factory orders and perpetual hopes of euro-zone monetary stimuli boost European stock indices on Friday, even as Germany’s central bank cuts its growth outlook for Europe’s largest economy. In London real estate company Songbird Estates falls after it rejects a sweetened –and final - bid worth $4 billion from Qatar Investment Authority and Canadian fund Brookfield Property Partners, while infrastructure services and construction company Balfour Beatty gets a fillip from its insistence that a $1.6 billion offer for a sought-after portfolio of state contracts is too low.
