(Reuters) -Imperial Brands will grow annual operating profits by 3-5% and launch a share buyback every year until 2030, the cigarette maker said, as it prepared to set out its growth strategy at a capital markets day on Wednesday. The maker of Winston cigarettes has enjoyed a rebound in sales and returns after retreating to …
Imperial Brands pledges annual profit growth, share buyback until 2030 Read More »
By Sergio Goncalves LISBON (Reuters) – Portugal’s flag carrier TAP on Wednesday posted a near 70% drop in 2024 profit as its fourth-quarter loss more than doubled chiefly due to one-off labour cost provisions after court-ordered retroactive payments to thousands of cabin crew. CEO Luis Rodrigues said last year was marked “by intensified competition in …
Portugal’s TAP 2024 profit slumps on court-ordered back pay Read More »
WARSAW (Reuters) – A unit of Polish state controlled utility Enea signed a deal to buy six Polish wind farms and a solar farm project from Danish renewable group European Energy, the company said on Wednesday. The value of the deal, which will include an earn-out premium for the seller based on the productivity of …
Poland’s Enea to double wind capacity in $236 million deal Read More »
By Shashwat Awasthi and Aby Jose Koilparambil (Reuters) – British homebuilder Vistry did not pay a final dividend and said it would look to save about 200 million pounds ($258.1 million) this year after its annual profit slumped 35%. Shares of UK’s biggest homebuilder by yearly output slipped more than 6% to 607.5 pence in …
UK homebuilder Vistry nixes dividend to cut costs after profit slump Read More »
LONDON (Reuters) – Britain’s economy is forecast to grow by 1.0% this year, the Office for Budget Responsibility said on Wednesday, halving its estimate made in October. The OBR expects economic output to expand by 1.9% in 2026 and averaging 1.8% a year over the rest of the forecast. That compared with the OBR’s previous …
UK’s 2025 growth forecast halved to 1.0%, OBR says Read More »
LONDON (Reuters) -British finance minister Rachel Reeves announced her budget update to parliament on Wednesday. Below are the quotes on the key issues: REEVES ON GLOBAL UNCERTAINTY “The global economy has become more uncertain.” “The increased global uncertainty has had two consequences. First, on our public finances. And second, on the economy.” REEVES ON FISCAL …
UK’s Reeves announces budget update to parliament Read More »
LONDON (Reuters) -British inflation is set to average 3.2% in 2025, British finance minister Rachel Reeves said on Wednesday, citing forecasts from the Office for Budget Responsibility. In October, at the time of Reeves’s first budget, the OBR said it expected inflation of 2.6% this year. The OBR also forecast an average inflation rate of …
UK inflation to average 3.2% in 2025, OBR forecasts Read More »
BERLIN (Reuters) – Germany’s conservative CDU/CSU and Social Democrats (SPD) have agreed to abolish a gas storage levy for all consumers in a bid to lower energy prices, according to a preliminary document seen by Reuters on Wednesday. Berlin introduced the measure in 2022 to cover the high costs of replacing Russian gas after Moscow …
Germany’s conservatives, SPD set to scrap gas storage levy Read More »
FRANKFURT (Reuters) -Europe will continue to need a certain level of Russian gas supplies if its industries are to remain competitive, the CEO of oil major TotalEnergies said on Wednesday, pointing to the defunct and partly damaged Nord Stream pipelines. The debate surrounding Nord Stream, the pipelines that pumped Russian gas to Germany until 2022, …
TotalEnergies CEO would ‘not be surprised’ if some Nord Stream gas lines came back Read More »
LONDON (Reuters) – British finance minister Rachel Reeves said on Wednesday that she had rebuilt a 9.9 billion pound ($12.8 billion) fiscal buffer that was wiped out by weaker economic forecasts and rising borrowing costs since her first full budget last year. The public finances have been strained by slow economic growth and higher-than-expected borrowing …
UK finance minister restores 9.9 billion pound fiscal buffer Read More »
