Bloomberg Business

Thaksin Not Rushing to Seek Thai King’s Pardon, Family Says

Former Thai premier Thaksin Shinawatra, who was sentenced to eight years in prison on his return home from 15 years of exile, will remain in a police hospital for now and may consider seeking a royal pardon for his corruption convictions, according to his family.

Italy Backs Telecom Italia Deal in New Meloni Activist Push

Italy approved a decree on Monday that empowers the state to take a stake in Telecom Italia SpA’s network business, part of an effort by Prime Minister Giorgia Meloni’s increasingly activist government to assert more control over strategic assets.

Bunzl’s Profit Beat, Acquisitions Boost Shares: The London Rush

Bunzl raised its full-year profit guidance and said revenue should be slightly higher than last year, driven by 12 acquisitions announced since January. That gave the London-based firm’s shares a boost at the open. Before today, the stock had lost by 16% since its April peak as inflation-driven price tailwinds for its products started to fade.

European Stocks Rise on Boost From China Measures, UK Inflation

European stocks rose on Tuesday as recent stimulus measures from China and supportive inflation figures from the UK boosted risk-on appetite, with investors primed for economic data which could provide further hints on the direction central banks may take.