GDANSK (Reuters) -Polish state-controlled refiner Orlen said on Wednesday it plans to buy out the remaining shares in its utility unit Energa to take full ownership, with a price tag of about 709 million zlotys ($189 million). The move will see Orlen integrate the utility more deeply into its energy transition strategy. The refiner is …
Poland’s Orlen offers to buy out Energa minorities to take full control Read More »
LONDON (Reuters) -Planned strike action by security guards at the Bank of England this week has been called off after workers accepted an improved pay offer, their union Unite said on Wednesday. The 40 staff employed by Amulet Security had been due to walk out from November 24-28 over pay. But they agreed to a …
Bank of England security guards call off strike after pay deal Read More »
(Corrects paragraph 7 to show that the output is from Shell and its partners not just Shell) By Francesca Landini ROME (Reuters) -Shell is ready to invest more in Italy to boost hydrocarbon production, the head of the energy group’s Italian unit said on Wednesday, urging the government to allow new drilling. Shell currently spends …
Shell ready to invest more in Italy if drilling permits unlocked Read More »
By Barbara Erling and Johan Ahlander WARSAW (Reuters) -Poland said on Wednesday it had chosen Sweden’s Saab to supply it with three submarines, in a multi-billion-dollar deal that forms a key element of Warsaw’s efforts to bolster its defences in the Baltic Sea. Warsaw has been ramping up investments in the armed forces to counter …
Poland picks Sweden’s Saab to supply it with three submarines Read More »
By Anastasiia Kozlova, Purvi Agarwal and Tharuniyaa . (Reuters) -Europe’s main equity indexes closed higher on Wednesday, led by technology stocks as growing expectations of a U.S. rate cut boosted global risk appetite, while financials also found support following the UK budget announcement. The pan-European STOXX 600 index rose 1.06% to 574.01 points at the …
STOXX 600 climbs on Fed cut hopes; banks rally post-UK budget announcement Read More »
By Utkarsh Hathi (Reuters) -UK stocks climbed on Wednesday, boosted by gains in financials and mining stocks, as finance minister Rachel Reeves announced a big tax-raising budget. The blue-chip FTSE 100 closed 0.9% higher, logging its best day in two weeks. The domestically focused FTSE 250 climbed 1.2%, its best day in more than a …
UK stocks rise as Reeves’ tax-raising budget soothes some nerves Read More »
By James Davey LONDON (Reuters) -Shares in Britain’s major retailers climbed on Wednesday after changes to commercial property tax, or business rates, announced in finance minister Rachel Reeves’ budget statement were not as bad as feared. Reeves said she would introduce permanently lower tax rates for over 750,000 retail, hospitality and leisure properties, paid for …
UK retail shares rise on Reeves’ commercial property tax reforms Read More »
(Reuters) -U.S. LNG producer Venture Global accused Shell of waging a “three-year campaign” to damage its business after Shell appealed an arbitration loss, according to a staff note confirmed by Reuters on Wednesday. Venture Global has faced arbitration claims from Shell, BP and other European buyers alleging contract breaches after the company sold LNG on …
Venture Global accuses Shell of campaign to harm LNG business Read More »
(Reuters) -British gaming company Rank Group Plc is expecting a hit of about 40 million pounds ($52.9 million) to its annual operating profit from the UK’s tax changes from April 2026, including an increase in remote gaming duty and abolition of bingo duty. ($1 = 0.7560 pounds) (Reporting by Aatrayee Chatterjee in Bengaluru; Editing by …
Rank Group warns $53 million hit from UK gaming tax changes Read More »
By Nicole Jao NEW YORK (Reuters) -BP’s 440,000-barrel-per-day oil refinery in Whiting, Indiana, has returned to normal operations following a planned maintenance turnaround in September and a fire in October, two sources said. The largest refinery in the U.S. Midwest returned to normal operations early this week, the sources said. A BP spokesperson declined on …
BP’s Whiting refinery returns to normal operations after October fire Read More »
