LISBON (Reuters) – Portugal’s fourth-largest lender Novo Banco has appointed former Lloyds Banking Group director Carmen Goncalves as chief risk officer, the bank said on Thursday, after her predecessor was fired three months ago for alleged misconduct. Novo Banco, which is preparing an IPO that could be one of the largest in Europe this year, …
Novo Banco puts ex-Lloyds director in charge of risk before IPO Read More »
(Reuters) -Britain’s competition regulator said on Thursday that oilfield services company SLB’s proposed $8 billion deal to buy smaller rival ChampionX could result in a substantial lessening of competition in the United Kingdom. The deal will be referred for an in-depth probe unless SLB and ChampionX offer remedial measures, the Competition and Markets Authority (CMA) …
UK watchdog says SLB-ChampionX deal could hit competition Read More »
LONDON (Reuters) – The worst of the structural shift in Britain’s retail sector from physical stores to online is over, the boss of clothing retailer Next said on Thursday. Next CEO Simon Wolfson said the group plans to increase its physical trading space in Britain by 0.4% in its year to January 2026 – its …
Britain’s Next says worst of structural shift to online is over Read More »
By Giuseppe Fonte ROME (Reuters) – Italy is proving unable to accelerate its spending of European Union COVID-19 recovery funds, with the latest government data showing it has invested roughly half of the money it has secured so far. By 2026 Rome is due to have received 194.4 billion euros ($209.87 billion) from the EU’s …
Italy failing to speed up sluggish spending of EU recovery funds, data shows Read More »
STOCKHOLM (Reuters) – The Swedish government on Thursday proposed state loans and power price guarantees to help companies fund the construction of four new nuclear power plants, part of its strategy to boost electricity output and reduce carbon emissions. Sweden’s government has said the Nordic country may need 10 new large nuclear reactors by 2045 …
Sweden proposes state loans for new nuclear reactors Read More »
By Valentina Za MILAN (Reuters) – UniCredit will only proceed with a proposed buyout of rival Banco BPM on the right terms, and can easily return to a “very positive” standalone path, its chief executive said on Thursday. CEO Andrea Orcel, speaking at the annual shareholder meeting where investors are set to approve a share …
UniCredit to pursue Banco BPM deal only on right terms, CEO says Read More »
By Shariq Khan and David French NEW YORK (Reuters) – Global commodities trader Vitol is exploring a sale of its VTX Energy Partners business, in a deal that could value the U.S. shale oil and gas producer at as much as $3 billion, including debt, people familiar with the matter said. The move aims to …
Exclusive-Energy trader Vitol eyes $3 billion sale of US shale producer, sources say Read More »
(Reuters) – The United States reached separate deals on Tuesday with Ukraine and Russia to halt attacks at sea and against energy targets, with Washington agreeing to push to lift some sanctions against Moscow. The potential easing of U.S. and EU sanctions in the event of a peace deal between Russia and Ukraine has raised …
Factbox-Energy assets affected by Russia-West standoff and sanctions Read More »
BRUSSELS (Reuters) – A trade war with the United States could have a fleeting impact on euro zone inflation but a far more detrimental effect on economic growth, European Central Bank Vice President Luis de Guindos said on Thursday. The euro zone’s growth has been stagnating just above zero for the past two years and …
Trade war’s impact on growth extremely detrimental, ECB says Read More »
By Robert Harvey LONDON (Reuters) – Trafigura-owned refined products business Puma Energy reported a 5% rise in net profit in 2024 financial results released on Thursday, the third straight year the once struggling business has turned a net profit. Global commodity trading house Trafigura bought out Angolan state-owned oil company Sonangol’s stake in then loss-making …
Trafigura’s Puma Energy posts higher net profit, lower EBITDA, in 2024 Read More »
