EconomyMarkets

European Markets Face Negative Open Amid Volatile Trading Week

European markets are reportedly heading for a negative open on Thursday as volatility continues. According to analysis, Germany’s DAX and France’s CAC 40 are expected to open lower while investors monitor earnings and economic data.

European Markets Extend Volatile Pattern

European stocks are reportedly heading for a negative opening on Thursday as regional markets continue their choppy trading pattern this week, according to market analysis from IG. Sources indicate the U.K.’s FTSE index is expected to open 0.18% lower, while Germany’s DAX is projected to decline 0.3% and France’s CAC 40 is anticipated to drop 0.41%. Italy’s FTSE MIB is reportedly trading just below the flatline.

BusinessTelecom

KKR Forgoes FiberCop Dividends Amid Italian Telecoms Customer Losses

Private equity firm KKR has reportedly decided to forgo dividends from its Italian telecoms business FiberCop following significant customer losses. The €22bn Telecom Italia acquisition faces challenges as the company falls short of initial projections amid government pressure to merge with state-controlled rival Open Fiber.

KKR’s Italian Telecom Investment Faces Headwinds

Global investment firm KKR has chosen to forgo dividends from its Italian telecommunications venture FiberCop after accelerated customer losses, according to reports from the Financial Times. The decision suggests one of Europe’s largest private equity deals may be underperforming initial expectations, with the €22bn acquisition of Telecom Italia’s fixed-line network business facing operational challenges.