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BUSINESS
BUSINESS
GEK Terna
Vehemently denies report of bank refusal for letter of guarantee
GEK Terna vehemently dismisses press report which claimed that a bank refused to provide the company with a letter of guarantee.
MARKETS
MARKETS
Early stocks
Fall, extending profit-taking mode seen late Thursday
Analysts expect profit-taking to prevail after the relief rally of the last three sessions. Interest rates and geopolitical concerns dent risk sentiment.
MARKETS
MARKETS
Stocks
Rise but settle sharply off earlier intraday highs on U.S. CPI data
Shares climb but were sharply off earlier intraday highs on Thursday, after the release of US inflation data, which came hotter than expected.
BUSINESS
BUSINESS
Piraeus Bank
Launches voluntary exit scheme; Runs until Nov 3
Piraeus Bank said it launches a voluntary exit scheme, paying out compensations of up to 180K euros or even 220K euros to outgoing employees.
BUSINESS
BUSINESS
OTE
BoD approves absorption of Cosmote
OTE's BoD approve the draft merger agreement by absorption of its 100% subsidiary Cosmote-Mobile. The process is expected to be completed in January 2024.
ECONOMY
ECONOMY
Stournaras
Expresses hope HFSF to find long-term investors to sell bank stakes
Bank of Greece governor Yannis Stournaras expressed his hope the country’s bank rescue fund HFSF to sell its stake in local lenders to good, long term-investors.
POLITICS
POLITICS
KYSEA meeting
The Council, chaired by Mitsotakis, discusses terror attacks in Israel, impact on Greece
The emergency meeting, chaired by Prime Minister Kyriakos, assessed the situation in the region and was briefed on the repatriations of Greek citizens from Israel.
MARKETS
MARKETS
Midday trade
Stocks rise sharply following Europe's strong performances
Shares in Athens rise sharply in midday trade, on rotation into non-financials that have lagged the recent rally. Investors feel that the end for global rate hiking cycle is in sight.
BUSINESS
BUSINESS
Motor Oil
Shareholders decide early termination of buy-back scheme
The refiner has purchased altogether 1,775,841 company shares at an average price of 19.278 euros per share.Initially, the scheme involved the purchase of seven million shares at a price range of 8-23 euros.
BUSINESS
BUSINESS
Moody's
The divestment of HFSF’s shares in Greek banks will be credit positive
Still, Moody’s has a word of caution: the sale of the HFSF shares to National Bank and Piraeus Bank could be more difficult than the Eurobank transaction.
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