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☆ European markets lower as negative momentum continues
▼ + stars: | 2023-09-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Air France-KLM plans to order 50 Airbus A350 long-haul jets, along with the purchase rights for 40 extra aircraft, the carrier announced Monday evening. The first deliveries are expected from 2026, and completing the order would make Air France-KLM the world's largest operator of Airbus A350s. The planes will replace older vehicles, including Airbus A330 and older Boeing 777 aircraft. Shares of Air France-KLM were down 0.8% in early trading. — Hannah Ward-Glenton

Persons: — Hannah Ward, Glenton Organizations: Air France, KLM, Airbus, Boeing

☆ European markets choppy after downbeat week; Commerzbank down 5%
▼ + stars: | 2023-08-04 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

Commerzbank shares were down 5% in the first hour of trading, despite announcing strong half-year results, with net profits up by almost 50% to 1.1 billion euros ($1.2 billion). Commerzbank completed its first share buyback program in June, in which it purchased more than 12 million of its own shares, with a value of 122 million euros at an average price of around 10.05 euros per share. The bank's CFO Bettina Orlopp told CNBC's Silvia Amaro that Commerzbank was "satisfied" with the strong results, in an interview that took place before European markets opened. Commerzbank also raised its outlook for net income interest from 7 billion euros to 7.8 billion euros, well above the net income for 2022, and showed optimism for the upcoming year. "We are very confident that we will reach our 2024 targets, so there are no worries here," Orlopp said.

Persons: Commerzbank, Bettina Orlopp, CNBC's Silvia Amaro, Orlopp, — Hannah Ward, Glenton

☆ Europe markets open lower as investors digest earnings and U.S. rating downgrade
▼ + stars: | 2023-08-02 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: 1 min

A subsidiary of Swiss drugmaker Roche, Genentech, accused a Novartis unit, Sandoz, of infringing one of its patents, according to a complaint filed in a New Jersey court Monday. The patent covers the drug Esbriet, which is used as a treatment for certain types of lung disease. Genentech said in the complaint that Sandoz's breach of the patent was "knowing, reckless, and willful" and had resulted in "significant damage " to its company. Roche has previously attempted to sue Sandoz over the same drug, but the lawsuit was thrown out in March 2022 after a U.S. judge found that parts of the Genentech patents were invalid. Shares in both Roche and Novartis were down 1.4% in the first hour of trading.

Persons: Swiss drugmaker Roche, Genentech, Roche, Sandoz, — Hannah Ward, Glenton Organizations: Swiss, Novartis Locations: New Jersey, U.S, Roche

☆ Ukraine war live updates: Ukraine and Russia struck by drones overnight; West-led peace talks in the pipeline
▼ + stars: | 2023-08-01 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

Russia said it needs to learn more about the talks set to happen in Saudi Arabia, which were first reported by the Wall Street Journal and not scheduled to include a Kremlin delegation. The discussions are designed to lead to international backing of a peace agreement, favoring Ukraine's position, the WSJ reported. When asked about the talks, Kremlin Spokesperson Dmitry Peskov allegedly told reporters that Russia would follow the meeting, as the country needs to understand what goals are set and what will be discussed. "Any attempt to promote a peaceful settlement deserves a positive evaluation," Peskov said, according to a Reuters report. Peskov did, however, highlight that the Kremlin currently sees no grounds for peace negotiations with Ukraine.

Persons: Dmitry Peskov, Peskov, Volodymyr Zelenksyy's, Andriy Yermak, — Hannah Ward, Glenton Organizations: Wall Street Journal, Kremlin, Reuters Locations: Russia, Saudi Arabia, Ukraine, Moscow, East, South

Bank of America CEO Brian Moynihan will give an exclusive live interview on CNBC's "Squawk Box Europe" at 8.00 a.m. London time. The bank released its third-quarter earnings on Oct. 17 and stressed that the resilience of the U.S. consumer was a reason to lower concerns for an economic recession. You can watch the interview live on CNBC here. — Hannah Ward-Glenton

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