LONDON (Reuters) – BP’s CEO Murray Auchincloss earned 5.4 million pounds ($6.95 million) last year, the group said in its annual report on Thursday, down from 8 million pounds in 2023. The group said it paid no bonuses on the basis of financial performance. BP’s profits for last year were 35% lower than the previous …
BP says CEO Auchincloss’s pay package fell to 5.4 million pounds in 2024 Read More »
By Linda Pasquini and Helen Reid (Reuters) -Online fashion marketplace Zalando expects higher profits in 2025 and stronger sales growth, it said on Thursday, as it tries to win customers by increasing its range of brands and shifting upmarket. It said the number of active customers and average order value on Zalando increased last year. …
Zalando expects higher profit and sales as it moves upmarket Read More »
By Toby Sterling AMSTERDAM (Reuters) – AxeleraAI, one of Europe’s few companies making computer chips for artificial intelligence, has been awarded a grant of up to 61.6 million euros ($66 million) to develop a chip for use in data centres, as part of EU efforts to boost the sector. Europe is trying to address an …
Dutch chipmaker AxeleraAI gets $66 million EU grant Read More »
BERLIN (Reuters) – The share of jobs in Germany related to the energy transition has more than doubled since 2019, but a shortage of skilled workers threatens a sector that has so far resisted the country’s recession, a study showed on Thursday. Berlin’s push for solar and wind power expansion to meet its climate goals …
Germany’s green jobs double but staff shortage threatens growth, study shows Read More »
LONDON (Reuters) – BP’s emissions under its operational control and the use of its products rose to 33.6 million metric tons and 322 million metric tons of carbon dioxide equivalent respectively in 2024, it said in its annual report on Thursday. This compares with 32.1 million and 315 million tons in 2023, respectively. (Reporting by …
By James Davey LONDON (Reuters) -European discounter Pepco Group has received interest from potential buyers of its struggling 825-store Poundland business in Britain, its boss said on Thursday. “There are definitely interested parties for this business,” CEO Stephan Borchert told Reuters after Pepco Group said it was evaluating all strategic options to separate Poundland from …
Pepco Group receives interest from potential Poundland buyers Read More »
LONDON (Reuters) – Britain’s construction sector contracted sharply in February, with residential house-building declining at one the fastest rates since 2009 due to weak demand and high borrowing costs, according to a survey published on Thursday. The preliminary reading of the S&P Global/CIPS UK Construction Purchasing Managers’ Index fell to 44.6 last month from January’s …
UK construction PMI falls to lowest since 2020 as house-building plummets Read More »
By Dimitri Rhodes, Olivier Cherfan (Reuters) -Belgian chemicals maker Solvay sees little impact from U.S. tariffs on its soda ash business, it said on Thursday, but warned macroeconomic and geopolitical issues would continue to weigh on volume recovery in 2025. Solvay, whose products range from base chemicals like soda ash to speciality polymers used in …
Solvay sees little impact from US tariffs, but stays wary of retaliatory moves Read More »
By Iain Withers LONDON (Reuters) – Schroders outlined plans to cut 150 million pounds ($194 million) from its costs over the next three years in a strategy update on Thursday aimed at rebooting flagging performance at the 221-year-old British money manager. The FTSE 100 company also said clients pulled a net 4.7 billion pounds from …
Schroders outlines nearly $200 million in cost cuts in revamp Read More »
(Reuters) -British recruiter PageGroup on Thursday warned of heightened macro-economic and geopolitical uncertainty across its key markets of the UK, France and Germany, while missing estimates with a 58% fall in its annual profit. Economic and political upheaval has weighed on confidence of potential employers and job seekers and slowed both permanent and temporary hiring. …
UK recruiter PageGroup warns of heightened uncertainty in key markets Read More »
