Cinkarna Celje target of takeover bid
A company associated with Martens Management Group, a private Austrian conglomerate which is already active in Slovenia, published on Monday a takeover intent for chemical company Cinkarna Celje valued at just shy of EUR 180m.
Intereuropa publishes call for interest in 72.13% stake
Intereuropa has published a call for expression of interest in a 72.13% stake in the Koper-based logistics group, with the interested parties having until 2 July to express their interest.
Dow closes more than 200 points higher as jobs report tops expectations; European stocks close higher as Italian, Spanish indexes jump on political developments
A stronger-than-expected jobs report pushed stocks higher on Friday as Wall Street recovered some of the losses seen in the previous session. The Dow Jones industrial average rose 0.95, while S&P 500 gained 1.1 percent to finish at 2,734.21 as financials and tech rose 1.1 percent and 1.9 percent, respectively.
The U.S. economy added 223,000 jobs in May, while economists polled by Reuters expected a gain of 188,000. Average hourly earnings, meanwhile, rose 0.3 percent last month while the unemployment rate ticked down to 3.8 percent.
Treasury yields jumped on the report, with the benchmark 10-year yield trading at 2.89 percent and the two-year yield rising to 2.47 percent.
Bank stocks followed rates higher. J.P. Morgan Chase, Goldman Sachs, Morgan Stanley and Bank of America all rose at least 1 percent.
European stocks closed higher Friday after Italian parties averted the prospect of a snap election and Spain's leader was ousted and replaced. The pan-European Stoxx 600 closed provisionally up almost 1 percent, with most sectors and major bourses in positive territory.
Europe's banking index led the gains, up 2 percent as Italian banks surged higher on the news that a coalition government was on course to be sworn in Friday. Banco BPM and BPER Banca were the top sectoral performers.
Meanwhile, Deutsche Bank's chief executive insisted to staff that Germany's flagship lender was financially sound Friday. His comments came after S&P moved to slash the bank's credit rating to "BBB+" from "A-." Shares of Deutsche Bank were up 2.76 percent.
SORS: Retail trade turnover up 5.1% y/y in April
In April, retail trade was up by 5.1% in real y-o-y terms, SORS reported. In the January–April period, real retail trade was higher by 3.8% y-o-y, reflecting rising trade in food and non-food products and motor fuels.
Etihad to remain in Air Serbia
Serbian President Aleksandar Vucic stated today that he expected the UAE company Etihad to remain a co-owner of Air Serbia. There is no reason for Etihad to leave Air Serbia, which will make profit this year as well – Vucic said. He pointed out that he hoped that Air Serbia would improve its services, not just on overseas flights, but on other flights as well, and that it would have a larger number of passengers.
AERO: Kish Airlines to launch Belgrade air service - Fourth Iranian airline to fly to Shiraz
Kish Airlines will commence seasonal flights between Shiraz and Belgrade this summer, becoming the fourth Iranian carrier to serve the Serbian capital. This year, Iran Air, Qeshm Air and Mahan Air all launched services from Tehran to Belgrade. It came after Serbia and Iran abolished visa requirements for each others' nationals.