By Arunima Kumar (Reuters) -North Sea oil and gas company Ithaca Energy forecast higher 2025 production on Wednesday, encouraged by its acquisition of the UK assets of Eni. Shares jumped 7% in early trading, as the company declared an interim dividend of $200 million to be paid in April. Ithaca also reaffirmed its dividend policy …
Ithaca forecasts higher 2025 production following Eni acquisition Read More »
STOCKHOLM (Reuters) – Sweden’s central bank is set to hold the interest rate steady for the foreseeable future, but rate-setters are ready to act if inflation deviates too much from the target, minutes of the latest policy meeting, published on Wednesday, showed. The Riksbank held its key interest rate at 2.25% on March 20 amid …
Swedish central bank sees rate cuts at end but uncertainty high – minutes Read More »
By Elvira Pollina, Andrea Mandala and Amy-Jo Crowley MILAN (Reuters) -MFE-MediaForEurope, the TV group controlled by Italy’s Berlusconi family, has called a board meeting on Wednesday to review a possible bid for German rival ProSiebenSat.1, three sources with knowledge of the matter told Reuters. MFE, which runs TV operations in Italy and Spain, has built …
By Paolo Laudani (Reuters) -German tank gearbox maker Renk expects its strong order backlog to support growth in 2025, even when excluding a potential boost from increased defence spending, it said on Wednesday. The Augsburg-based company, which at the end of January reported preliminary full-year revenue in line with its guidance, said its order backlog …
Germany’s Renk forecasts 2025 growth backed by 5 billion euro order book Read More »
(Reuters) -Defence group Babcock on Wednesday said it had secured a five-year contract worth around 1 billion pounds ($1.29 billion) from the UK Ministry of Defence to maintain tanks, armoured vehicles and other equipment for the British Army. The contract extension, valued at 1.6 billion pounds in total, including 600 million pounds for sub-contractors, will …
UK’s Babcock secures $1.3 billion defence contract extension Read More »
FRANKFURT (Reuters) – German utility EnBW said on Wednesday core profit could increase by up to 8% this year, boosted by its energy grids that benefited from a rise in investments. The company also said it remained in talks with its top shareholders – the state of Baden-Wuerttemberg and local municipalities – about a capital …
EnBW expects core earnings to rise by up to 8% in 2025 Read More »
By Marleen Kaesebier (Reuters) -Aroundtown, one of Germany’s largest listed landlords, posted a profit of 309.3 million euros ($333.6 million) for 2024 on Wednesday, in a sign of improvement at a time when Berlin’s borrow-to-spend splurge drives up borrowing costs for embattled property companies. The profit follows two consecutive years of losses, including that of …
Aroundtown posts first profit in 3 years on strong operating performance Read More »
ROME (Reuters) – The European Central Bank must be pragmatic and data-driven in setting its interest rates, governing council member Fabio Panetta said on Wednesday in a letter to the Financial Times. Panetta, who is the governor of the Bank of Italy, said in the current period of acute uncertainty the ECB should focus mainly …
ECB must be pragmatic, data driven in setting rates, Panetta says Read More »
By Kirsty Needham AVALON, Australia (Reuters) – Anduril president Christian Brose said the AI-powered defence start-up, whose founder left Facebook over his early support of Donald Trump, has good “vibes” about the Trump administration’s shakeup of defence and willingness to do things differently. Brose, who previously worked for Republican Senator John McCain, said Anduril was …
Anduril says AI start-up sees good ‘vibes’ from new Trump Pentagon Read More »
A look at the day ahead in European and global markets from Kevin Buckland The relief rally in global stocks was still in place on Wednesday in Asia, but with dwindling conviction. It’s not that there was any news – or late social media posts from POTUS himself – to change the market’s outlook. It’s …
Morning bid: Looking to April 2 with trepidation Read More »
