Advertisement
UK markets closed

  • NIKKEI 225

    38,274.05
    -131.61 (-0.34%)
     

  • HANG SENG

    17,763.03
    +16.12 (+0.09%)
     

  • CRUDE OIL

    79.14
    +0.14 (+0.18%)
     

  • GOLD FUTURES

    2,329.10
    +18.10 (+0.78%)
     

  • DOW

    37,903.29
    +87.37 (+0.23%)
     

  • Bitcoin GBP

    46,316.81
    -1,734.73 (-3.61%)
     

  • CMC Crypto 200

    1,202.07
    -136.99 (-10.23%)
     

  • NASDAQ Composite

    15,605.48
    -52.34 (-0.33%)
     

  • UK FTSE All Share

    4,418.60
    -11.65 (-0.26%)
     
Money:

Family finances

Who is the breadwinner in your family and does it matter?

STX deal possible at France/Italy summit on Wednesday - Macron's office

Reuters

PARIS (Reuters) - France and Italy could reach a deal over the STX France shipyards at a meeting of the two countries' leaders on Wednesday, an official at French President Emmanuel Macron's office said.

France clashed with Italy in July after ordering a "temporary" nationalisation of STX, cancelling a deal in which Italian state-owned Fincantieri (FCT.MI) and another Italian investor had agreed to buy a 54.6 percent stake.

France took the decision after Fincantieri, which had agreed to buy the majority stake from STX's former South Korean owners, rejected a French government proposal of 50-50 ownership.

France has proposed extending co-operation to the field of naval defence, in which its Naval Group military shipyard - formerly known as DCNS - is an important player.

The French government is also keen to preserve jobs at the STX Saint-Nazaire site on France's Atlantic Coast.

(Reporting by Jean-Baptiste Vey; Writing by Sudip Kar-Gupta; Editing by Brian Love)