PUERTOLLANO, Spain (Reuters) -Plans to build a 2,600 km (1,615 mile) hydrogen network in Spain are advancing ahead of schedule and the infrastructure is on track to start operations in 2030, the chief of Spanish gas grid operator Enagas said on Friday. The network will be part of the planned trans-European H2Med corridor aimed at …
Spain’s national hydrogen network plan ahead of schedule, Enagas chief says Read More »
LONDON (Reuters) -British retail sales data that exceeded expectations offered some support to sterling on Friday though not enough to keep it in positive territory against the dollar’s mini bounce-back across the board. The pound was last down 0.22% against the dollar at $1.3309, hoisted off its session lows by the data that showed retail …
Pound finds some footing on retail sales amid dollar rebound Read More »
By Marta Frackowiak (Reuters) -Finland’s Wartsila said U.S. tariffs were impacting its battery storage business while rising trade tensions could push back clients’ investment decisions, after its quarterly operating earnings missed market expectations on Friday. Shares of Wartsila, which builds ship engines and power plants, fell up to 4.5% in volatile early trading, but flattened …
Tariffs to hit Wartsila’s battery storage unit, marine business more shielded Read More »
MOSCOW (Reuters) -Russian internet giant Yandex swung to a first-quarter net loss of 10.8 billion roubles ($130.5 million), against a net profit of 20.1 billion roubles a year earlier, partly due to high expenses relating to its staff stock compensation programme. A Russian consortium of buyers in July finalised a $5.4 billion cash-and-stock deal to …
Russia’s Yandex reports net loss of $130.5 million Read More »
By Agnieszka Olenska and Elviira Luoma (Reuters) -Finnish forestry group Stora Enso’s first-quarter operating profit beat market expectations on Friday, even as it warned that market demand would remain subdued amid concerns triggered by U.S. President Donald Trump’s tariffs. CEO Hans Sohlström said the direct impact at current tariff rates was limited, as Stora’s direct …
Stora Enso tops profit forecast, eyes ‘new opportunities’ amid trade war Read More »
By Paul Sandle LONDON (Reuters) -WPP said its clients were waiting to see how damaging tariffs become before deciding whether to change their budgets, limiting the impact of the tensions between the United States and China on its trading for now. The trade war between the world’s two biggest ad markets has escalated, with President …
Advertising group WPP waits to assess tariff damage Read More »
By Greta Rosen Fondahn (Reuters) -Swedish industrial bearings maker SKF has passed on the cost of tariffs to customers, it said on Friday, but forecast like-for-like sales to weaken in the second quarter as global trade uncertainties threaten already muted demand. SKF, which makes bearings for products ranging from machine tools to wind turbines, said …
Bearings maker SKF passes on tariff costs to customers, but demand remains weak Read More »
(Reuters) -Swiss construction materials maker Holcim reported better than expected first-quarter profit on Friday, in its last results before the spin-off of its North American business Amrize. As a local-to-local business, Holcim was well-prepared to navigate tariff turmoil, CEO Miljan Gutovic told reporters in a media call on Friday, adding that projects in the U.S. …
Holcim beats first-quarter forecasts ahead of Amrize spin-off Read More »
AMSTERDAM (Reuters) -Dutch prosecutors said on Friday they had summoned shipbuilder Damen Shipyards on suspicion of violating EU sanctions against Russia and opened a separate case against the company and some of its executives for corruption. The company denied both sets of accusations. On the sanctions case, it said it had “always acted in accordance …
Prosecutors accuse Dutch shipbuilder Damen of corruption, violating sanctions Read More »
(Reuters) – Baloise on Friday said that Patria Genossenschaft had acquired a 9.35% stake in the Swiss insurer, which this week announced plans to merge with competitor Helvetia. Patria is Helvetia’s main shareholder. The shares were acquired from Cevian Capital, Baloise said, an activist investor which up until now had not commented on the planned …
Baloise says Patria acquires 9.35% stake from Cevian ahead of merger with Helvetia Read More »
