MOSCOW (Reuters) – Production of liquefied natural gas (LNG), as well as oil and gas, declined in 2024 in Russia’s Pacific island of Sakhalin in 2024, according to local administration. Production of LNG at Sakhalin Energy project, led by Kremlin-controlled Gazprom, declined last year according to the administration, by around 2% to 10.2 million metric …
Russia’s Sakhalin LNG, oil and gas output down in 2024 Read More »
(Reuters) -British equipment rental company Ashtead missed third-quarter pre-tax profit and revenue expectations on Tuesday, pressured by weakness in the U.S. construction sector, which had led to a profit warning last December. Its shares fell 3.5% in early trading to their lowest since November 2023, underperforming the FTSE 100 index which was 0.4% lower. Equipment …
UK’s Ashtead falls short of profit estimates as US construction weakness drags Read More »
By Anastasiia Kozlova (Reuters) -Kuehne und Nagel reported a 31% jump in its fourth quarter operating profit on Tuesday, but missed market expectations as its business volumes lagged the broader logistics market. The Swiss freight forwarder, which operates in more than 100 countries, recorded a quarterly volume decline of 1% in its sea logistics business, …
Weak freight volumes weigh on Kuehne+Nagel’s earnings Read More »
COPENHAGEN (Reuters) – Sweden’s Swedbank and Norway’s SpareBank 1 alliance will establish a jointly owned Nordic investment bank by expanding the Norwegian group’s SpareBank 1 Markets operation, the companies said in a joint statement on Tuesday. As part of the deal, SB1 Markets will take over Swedbank’s Corporate Finance and high-yield debt operations, and will …
Swedbank and SpareBank 1 to establish Nordic investment bank Read More »
FRANKFURT (Reuters) – Mercedes-Benz has won agreement from its works council to offer buy-outs to staff and reduced planned salary increases by half, it said on Tuesday, part of a wider cost-cutting drive as the carmaker battles to revive earnings. The company declined to specify how many jobs will be cut, but said workers in …
Mercedes-Benz to cut headcount, lower pay increases amid cost-cutting drive Read More »
MADRID (Reuters) – Spanish holding vehicle Criteria will buy a 5% stake in French waste and water management company Veolia Environnement and have a representative on its board, it said on Tuesday. At current market prices, the stake is worth around 1.06 billion euros ($1.11 billion). Criteria said its stake in Veolia would not exceed …
Spain’s Criteria to buy 5% stake in French environmental company Veolia Read More »
COPENHAGEN (Reuters) -Volvo Cars sold 50,662 cars in February, up 1% from a year earlier, the Sweden-based company said on Tuesday, as sales of its electric vehicles declined for the month. Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement sales of fully electric cars were down 15% to account for …
Volvo Cars total sales rise 1% in February, EV sales fall Read More »
(Reuters) – The number of people registering as jobless in Spain fell 0.23% in February from a month earlier, or by 5,994 people, leaving a total of 2.59 million people out of work, data from the Labour Ministry showed on Tuesday. Spain gained 58,735 net formal jobs during the month to 21.45 million jobs, when …
Spain’s February jobless falls by 0.23% from January to 2.59 million Read More »
(Reuters) – Daily Mirror-publisher Reach reported better-than-expected 2024 annual profit on Tuesday, helped by Taylor Swift’s Eras tour and the European football championship among other events, and higher yield from targeted advertising. The company, with a catalogue of more than 120 print and online titles, has cut costs and prioritised its digital business as traditional …
Daily Mirror-publisher Reach beats 2024 profit estimates Read More »
(Reuters) -Newspapers and magazines distributor Smiths News said on Tuesday its CFO Paul Baker intends to leave the firm after more than three-and-a-half years in the role. During Baker’s tenure, shares of the firm have surged more than 47% up to Monday’s close. Smiths said a final departure date for Baker will be confirmed as …
