European Equities Close Mixed in Friday Trading; Markets End Week on Muted Note

MT Newswires Live
19 Jul

European stock markets closed narrowly mixed on Friday as the Stoxx Europe 600 was off 0.01%, the FTSE 100 gained 0.22%, France's CAC edged 0.01% higher, the Swiss Market Index rose 0.18%, while Germany's declined 0.33%.

In corporate news, BP said Friday that it has agreed to sell its US onshore wind business, BP Wind Energy North America, to LS Power. Following the transaction, BP Wind Energy will be owned and operated as part of LS Power's portfolio company Clearlight Energy, expanding Clearlight's operating fleet to approximately 4.3 GW, the company said.

Shares of BP gained 0.67% on the FTSE 100.

Eni's carbon capture and storage unit is likely to be valued at about 1 billion euros ($1.16 billion) as the Italian energy major continues to negotiate a deal with BlackRock (BLK) to sell nearly half of the unit, Bloomberg News said Thursday, citing people familiar with the matter.

Eni has been in exclusive talks with BlackRock to sell a 49.99% stake in CCUS Holding since May, Bloomberg reported.

Shares of the Italian oil and gas company edged 0.11% higher in Milan.

HSBC is disbanding its geopolitical risk team, Bloomberg reported Friday, citing sources familiar with the matter. The reduction will affect fewer than 10 roles across Asia, Europe, and other regions, the report said.

HSBC didn't immediately reply to MT Newswires' request for comment.

Shares of the British financial services giant closed 0.03% higher in London trading.

GSK said Thursday the US Food and Drug Administration's oncologic drugs advisory committee voted against the benefit-risk profile of Blenrep combinations at the proposed dosage for adults with relapsed or refractory multiple myeloma. The FDA will consider the panel's recommendation ahead of the July 23 action date, the company said.

Shares of GSK fell 4.6% in London.

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