
BBVA Sticks With Its Sabadell Takeover Bid Despite TSB Sale
'After reviewing the resolutions adopted' by Sabadell's shareholders regarding the TSB sale, 'BBVA has decided not to withdraw the offer,' it said in a statement on Monday. The bid 'remains in effect.'

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Why Giovanni Leoni can't play tonight after Liverpool transfer confirmed
Liverpool has officially announced the signing of 18-year-old center-back Giovanni Leoni from Parma, but the young defender won't be involved against AFC Bournemouth as the new Premier League season gets underway. Leoni has joined Liverpool for an initial $35 million, though that fee could rise to $40 million with potential add-ons. The Italian defender has penned a six-year contract through 2031, after Liverpool beat Newcastle United to the signing. While Leoni has completed a preseason with Parma before making the move, Liverpool had to register him by noon on Thursday to make him eligible for the Premier League opener. Leoni wasn't signed until Friday, so he won't participate in the game but will attend Anfield to watch his new club in action. READ MORE: Marc Guehi given Liverpool transfer reminder with Ibrahima Konate comparison READ MORE: Liverpool laughs in Newcastle's face again with next transfer as Alexander Isak saga rumbles on Leoni impressed in a breakout season for Parma last year, making 17 Serie A appearances and scoring his first goal for the club. The 6-foot-5 defender is highly rated and was monitored by several elite European clubs this summer. Inter Milan was linked with a move for Leoni, as new head coach Cristian Chivu was at Parma last season. Chivu observed Leoni's progression and was keen to bring him to Inter, but a deal never materialized. Newcastle United was also interested and submitted a formal bid to Parma. However, for the second time this transfer window, Liverpool swooped in to hijack the deal. Liverpool signed Eintracht Frankfurt forward Hugo Ekitike in a deal worth $106 million earlier this summer. Newcastle had already entered negotiations with Frankfurt, but Liverpool turned Ekitike's head. Now, depth has been added at the center-back position, which was a priority this summer. After allowing Jarell Quansah to join Bayer Leverkusen and Nat Phillips to join West Bromwich Albion, Liverpool was light in central defense. Sepp van den Berg was also sold to Brentford last season, leaving just Joe Gomez and Rhys Williams behind Virgil van Dijk and Ibrahima Konate. Leoni will now enter the fold and is seen as a future starter by head coach Arne Slot. Liverpool has also been monitoring Crystal Palace defender Marc Guehi, but he is out of contract next summer. While Liverpool could benefit from his presence this season, Guehi will be available on a free transfer from July 1. Leoni's arrival follows fellow defensive signings Jeremie Frimpong and Milos Kerkez. The full-backs are expected to play a crucial role this season, as Trent Alexander-Arnold joined Real Madrid this summer and Andrew Robertson struggled last season. Kostas Tsimikas is also linked with an exit before the end of the window, but Conor Bradley has signed a new long-term deal. Van Dijk joined Mohamed Salah in signing an extension last season, but Konate's future remains uncertain. Like Guehi, Konate is out of contract next summer, and Liverpool has been unable to resolve his situation. While there is optimism that a deal can be completed, Madrid is monitoring the French defender.
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World Economic Forum names BlackRock's Larry Fink, Roche's Andre Hoffmann as interim co-chairs
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Bernstein Affirms ‘Outperform' Rating on Ryanair Holdings (RYAAY), Hikes Price Target
Ryanair Holdings plc (NASDAQ:RYAAY) is one of the top industrial stocks to buy amid easing tariff uncertainties. On July 22, Bernstein SocGen Group reiterated an 'Outperform' rating on the stock and raised the price target to €28 from €27. The positive stance follows the stock's remarkable strength year to date. The Irish airline continues to deliver solid results by benefiting from fare growth. Fares have increased compared to both 2023 and 2024, attributed to high demand for revenge travel. The high travel demand has resulted in a 9.24% increase in revenue and a 28.86% improvement in the gross profit margin. In June, the airline carried 19.9 million passengers, marking 3% year-over-year increase, affirming the strong demand. In addition, Ryanair has been effective in cost control, with unit costs excluding fuel increasing by just 1.6% amid robust revenue growth. While Bernstein expects non-fuel costs to increase by between 3% and 4% for the year, the lower fuel costs are expected to help offset this increase. Therefore, total cost growth is likely to be below management guidance. Ryanair Holdings plc (NASDAQ:RYAAY) is an Irish airline holding company that provides low-fare, short-haul passenger airline services to destinations with a network connecting over 240 destinations in more than 40 countries. In addition to its core flight operations, the company also offers various ancillary services, including car hire, travel insurance, and accommodation, through its website and mobile app. While we acknowledge the potential of RYAAY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Falling Stocks to Buy Now and 12 Best Copper Stocks to Buy According to Hedge Funds. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data