LONDON (Reuters) – Commitments made by Britain’s Gatwick Airport over a price cap it charges airlines and improving service targets for the next four years are set to be accepted by the aviation regulator, it said on Tuesday. “The regulator’s support for Gatwick’s commitments is conditional on it continuing to make progress with its plans …
UK regulator accepts Gatwick Airport commitments Read More »
FRANKFURT (Reuters) – German utility Uniper has sold sizeable quantities of its future hydropower output as part of a hedging strategy, the company said on Tuesday. Uniper has sold 30% of its German hydropower output for 2026 at an average price of 86 euros ($90.09) per megawatt hour (MWh), and 5% of 2027 output at …
Uniper sells hydropower output through 2027 as part of hedging strategy Read More »
BERLIN (Reuters) – The German economy shrank by 0.2% in the final quarter of 2024 compared with the previous quarter, the statistics office reported on Tuesday, confirming a preliminary reading. Exports of goods and services were down considerably, falling 2.2% compared with the previous quarter, with a higher decline last recorded in the second quarter …
German economy shrank by 0.2% in Q4, statistics office confirms Read More »
By Elena Fabrichnaya MOSCOW (Reuters) – Russia’s second-largest lender VTB Bank made record profits of 551.4 billion roubles ($6.3 billion) in 2024, its chief financial officer said, but will not recommend a dividend as high interest rates and new regulation dampened this year’s earnings outlook. The state-owned lender has now reported successive years of record …
Russia’s VTB Bank reports record profits for 2024, recommends no dividend Read More »
OSLO (Reuters) -Swedish telecoms group Telia Company said on Tuesday it has agreed to sell its TV & Media business to Norway’s Schibsted Media at an enterprise value of 6.55 billion Swedish crowns ($614.99 million) on a cash and debt-free basis. Telia will book a non-cash impairment of around 2 billion crowns on the deal, …
Telia sells TV unit to Schibsted Media for $615 million, books loss Read More »
FRANKFURT (Reuters) – Heidelberg Materials, the world’s second-largest cement maker, expects its operating profit to rise further this year after a record 2024, it said on Tuesday, citing a stabilisation in its core markets. The group’s result from current operations is forecast to rise to 3.25 billion euros to 3.55 billion euros ($3.72 billion to …
Heidelberg Materials forecasts profit rise as core markets stabilise Read More »
A look at the day ahead in European and global markets from Stella Qiu It is a sea of red in Asia as investors grapple with risk posed by the U.S. intensifying its technology war with China in areas as varied as artificial intelligence, quantum computing and aerospace. The U.S. also is seeking to toughen …
Morning Bid: Sea of red as US-China tech war ratchets up Read More »
BERLIN (Reuters) – Thyssenkrupp is planning an extraordinary general meeting to conclude a spin-off of a minority stake in its warship division this calendar year, the group’s Chief Executive Miguel Lopez said in a podcast released on Tuesday. Speaking on a podcast produced by Germany’s WAZ newspaper, Lopez said order books were full ahead of …
LONDON (Reuters) – Women make up about 43% of the boards of directors of Britain’s 350 biggest public companies, according to a government-backed report published on Tuesday that also said more work was needed to boost women’s representation in leadership roles. In 2024, FTSE 350 companies had women on 43.4% of company boards compared with …
Women now make up 43% of Britain’s top boardrooms, report says Read More »
By David French (Reuters) – Equitable Holdings will announce on Monday it aims to raise its stake in money manager AllianceBernstein Holding after striking a new reinsurance deal that will unlock more than $2 billion of cash, the insurer’s executives said. The moves will help Equitable double down on higher growth businesses such as asset …
Equitable to use funds from reinsurance deal to boost AllianceBernstein stake Read More »
