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Good afternoon and welcome to the ICIS lunchtime bulletin, I’m Deepika Thapliyal and here
are your top stories for Friday, 16th November. Europe has entered a ten-year period of stagnation,
due in part to an unwillingness by EU politicians to make substantive structural changes to
their economies, Borealis CEO Mark Garrett has told ICIS. He believes Europe has entered
a period of entrenched economic stagnation, akin to that experienced by Japan.
In other news, Henkel has reported a 29% year-on-year rise in third-quarter net income to 397 million
euros on the back of higher sales. The German adhesives and soaps maker said sales for the
quarter grew 7% to 4.3bn euros. Turning to the markets, brent crude futures
held around 108 dollars per barrel, supported by Middle East supply concerns following violence
in the region. Those are your top stories for this lunchtime.
Please join us again at the same time on Monday, or catch up with breaking news at ICIS.com.
For ICIS here in London, I’m Deepika Thapliyal