BRUSSELS (Reuters) -The European Union needs to quickly create stockpiles of critical minerals and cannot wait years for raw material deals, the bloc’s industry chief Stephane Sejourne said on Wednesday. Sejourne told journalists the EU needed to move faster and simplify permits after too many projects have been abandoned, adding that recycling will likely be …
EU industry chief urges critical minerals stockpiling Read More »
By Leo Marchandon and Alban Kacher (Reuters) -Iliad will likely exceed its yearly operating free cash flow target of 2 billion euros ($2.3 billion) aided by improved demand in Italy and returns from selling a part of its stake in unit OpCore, the French telecom group said on Wednesday. The company is exploring merger and acquisition …
French telco Iliad set to beat cash flow target with Italian market boost Read More »
(Corrects paragraph 8 to clarify Century’s capacity not actual production) By Pratima Desai LONDON (Reuters) -Glencore has cut its stake in Century Aluminum by 10% to 33%, raking in millions following a share price rally triggered by U.S. tariffs on aluminium imports and a profit bonanza for local aluminium smelters. U.S. President Donald Trump doubled …
Glencore cuts Century Aluminum stake to 33% after tariff-driven rally Read More »
LONDON (Reuters) -British finance minister Rachel Reeves said on Wednesday that leaks about the budget were “not acceptable” after a report last week that she had abandoned plans to raise income tax sent bond prices tumbling. Reeves is expected to need to raise tens of billions of pounds to stay on track to meet her …
UK’s Reeves says leaks about the upcoming budget ‘not acceptable’ Read More »
STOCKHOLM (Reuters) -Finnish petrol station operator Teboil, which is owned by Russian oil major Lukoil, said on Wednesday it is preparing to shut down its operations as fuel runs out amid U.S. sanctions against its parent company. “Stations will close in phases once fuel stocks are sold out,” Teboil said in a statement. The United …
Lukoil’s Finnish petrol stations to shut over US sanctions Read More »
(Reuters) -British water utility Severn Trent said on Wednesday that its chief executive Liv Garfield will step down after 11 years in the role, and will be replaced by insider James Jesic on January 1, 2026. Jesic is currently the director of capital and commercial services at Severn Trent. “Having made a strong start to …
Severn Trent CEO Liv Garfield to step down after 11 years Read More »
(Reuters) -British engineering firm Smiths Group launched a 1-billion-pound ($1.31 billion) share buyback on Wednesday and reported that double-digit growth in its Smiths Detection unit helped first-quarter organic revenue rise 3.5%. The company, which is pivoting its focus to industrial technologies after U.S. activist investor Engine Capital called for a sale or breakup, also reaffirmed …
UK’s Smiths Group unveils $1.3 billion share buyback, reports revenue growth Read More »
By Joice Alves, Dhara Ranasinghe and Naomi Rovnick LONDON (Reuters) -Britain’s markets face a major test in next week’s budget, with the outlook for bonds, stocks and sterling all hinging on Finance Minister Rachel Reeves striking the right balance between fiscal restraint and support for growth. Investors were rattled on Friday by news that Reeves …
A look at the day ahead in European and global markets from Tom Westbrook Financial markets hit a holding pattern ahead of chipmaker Nvidia’s earnings later on Wednesday. Nvidia’s near 7% weighting in the S&P 500 ensures that where goes Nvidia, so goes the market. It reports after hours. Before the release, CPI data is …
Morning Bid: Hush falls over markets ahead of Nvidia Read More »
(Reuters) -The European Union plans to set up a central authority to coordinate buying and stockpiling of critical minerals to keep the U.S. from securing supplies “under our noses,” industry chief Stéphane Séjourné said on Wednesday. In an interview, Séjourné told the Financial Times newspaper that the EU had become “collateral damage” in a U.S.-China …
EU plans to stockpile critical minerals amid US-China tension, FT says Read More »
