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Board of Spain's Sabadell bank rejects BBVA takeover bid
Board of Spain's Sabadell bank rejects BBVA takeover bid
by  AFP

Spanish bank Sabadell on Friday said its board had rejected larger national rival BBVA's hostile takeover bid and urged shareholders to shun it as the clock ticked down on their final decision. Believing the takeover "destroys value for Banco Sabadell shareholders", the board "unanimously rejects the offer and therefore considers that the best option for shareholders... is not to accept it".

UK economy stalls in July
UK economy stalls in July
by  AFP

Britain's economy stagnated in July, official data showed Friday, dealing another blow to the Labour government at the end of a turbulent week for Prime Minister Keir Starmer.

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