Reuters UK Business Archives - Page 1165 of 3179

Norway sovereign wealth fund buys offshore wind farms stakes for $1.5 billion

31 Mar 2025 31 Mar 2025

COPENHAGEN/FRANKFURT (Reuters) -Norway’s sovereign wealth fund, the world’s largest, said on Monday it has acquired a 49% stake in two offshore wind farms under construction in Denmark and Germany from RWE for 1.4 billion euros ($1.5 billion). Norges Bank Investment Management’s purchase of the stakes in RWE’s Nordseecluster and Thor wind projects is expected to …

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Spain’s Foreign Minister says government will always defend Repsol’s interests

31 Mar 2025 31 Mar 2025

MADRID (Reuters) -Spanish Foreign Minister Jose Manuel Albares said on Monday his government will always defend the interests of the Spanish oil company Repsol after sources close to U.S. President Donald Trump said his government would revoke licences granted to oil companies operating in Venezuela. “I had contacts with (Repsol’s) CEO, and we are analysing …

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Polish central bank seen keeping rates unchanged this week- Reuters poll

31 Mar 2025 31 Mar 2025

By Karol Badohal WARSAW (Reuters) – The National Bank of Poland (NBP) is expected to keep its main interest rate steady at 5.75% on Wednesday, a Reuters poll showed, as inflation stands near double the central bank target. NBP Governor Adam Glapinski reiterated last week that Poland’s elevated inflation currently left no grounds for policy …

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UK’s Thames Water names KKR as frontrunner in equity raise

31 Mar 2025 31 Mar 2025

LONDON (Reuters) – Thames Water named U.S. investment firm KKR as the frontrunner to invest new equity into Britain’s biggest water supplier and help it avoid a state rescue. A poster child for Britain’s broken water sector, Thames Water has been battling against financial collapse since last year. To survive beyond 2026, it needs 3 …

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ING met Italy’s Popolare di Sondrio amid European expansion plan, source says

31 Mar 2025 31 Mar 2025

By Amy-Jo Crowley LONDON (Reuters) -ING Groep met with Italy’s Banca Popolare di Sondrio in recent weeks as it seeks to grow in Europe through takeovers, a person with knowledge of the matter said. The early stage discussions were not advanced and may not proceed to an offer by the Dutch bank, the person said. ING and Sondrio …

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France hopes to avoid trade war with U.S. but ready to respond, trade minister says

31 Mar 2025 31 Mar 2025

PARIS (Reuters) – France still hopes Europe will avoid a trade war with the United States but it would reply with reciprocal measures if tariffs announced by U.S. President Donald Trump went ahead on Wednesday, said commerce and trade minister Laurent Saint-Martin. “Europe will never be united and strong if it allows itself to be …

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Markets in Q1: Everything’s been Trumped!

31 Mar 2025 31 Mar 2025

By Marc Jones LONDON (Reuters) -Most investors knew things could turn turbulent this year given U.S. President Donald Trump’s return to power in the world’s biggest economy and financial market, but few predicted the kind of a rodeo ride it has been so far. Scan the surface and world stocks are almost where they started …

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Analysis-Shrinking US risk premium to divert more cash into Europe

31 Mar 2025 31 Mar 2025

By Stefano Rebaudo (Reuters) – The premium investors enjoy from holding U.S. government debt over that of Germany is set for its biggest quarterly drop in years, with tectonic fiscal policy shifts on both sides of the Atlantic expected to shrink this gap further, luring more cash to Europe. The spread between U.S. and German …

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Australia’s Domain Holdings to recommend CoStar’s $1.8 billion buyout bid

31 Mar 2025 31 Mar 2025

By Roshan Thomas and Sneha Kumar (Reuters) -Australia’s Domain Holdings said on Monday it would recommend its shareholders to vote in favour of U.S. property data group CoStar’s takeover approach that values the real estate classifieds firm at A$2.80 billion ($1.76 billion). Shares of Domain slipped as much as 2.3% to A$4.230, as of 0218 …

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Virgin Australia executives set to meet investors ahead of re-listing, says source

31 Mar 2025 31 Mar 2025

By Scott Murdoch (Reuters) -Virgin Australia executives will begin meeting with prospective investors on Tuesday ahead of a potential relisting of the Bain Capital-owned airline, according to a person familiar with the matter. Australia’s second-largest airline which competes with larger Qantas in the domestic aviation market, collapsed in 2020 following tough COVID-19 restrictions that damaged …

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