COPENHAGEN (Reuters) – Denmark’s Arla Foods, maker of Lurpak butter and Castello cheese, reported a slight rise in 2024 revenue on Wednesday and predicted a bigger increase this year driven by higher prices. The cooperative, which is one of the world’s largest dairy firms, said it had continued to slash costs and that it would …
Dairy group Arla sees higher revenue in 2025 as prices rise Read More »
(Reuters) – A potential Ukraine ceasefire and the associated easing in sanctions on Russia are unlikely to substantially increase Russia’s oil flows, Goldman Sachs said on Wednesday. U.S. President Donald Trump’s administration said on Tuesday it had agreed to hold more talks with Russia on ending the war in Ukraine. “We believe that Russia crude …
Goldman Sachs says it does not see Ukraine ceasefire boosting Russia output Read More »
ZURICH (Reuters) – Switzerland’s EFG International said on Wednesday it had posted a net profit of 321.6 million Swiss francs ($356 million) in 2024, an increase of 6% from the previous year, and that it was acquiring Swiss private bank Cité Gestion. EFG’s net new assets were 10.1 billion francs, good for a growth rate …
EFG International posts profit rise, to acquire private bank Cité Gestion Read More »
By Hadeel Al Sayegh DUBAI (Reuters) -Saudi Arabia’s ACWA Power plans to buy stakes in assets in Kuwait and Bahrain worth $693 million from French utility developer Engie, the companies said in a joint statement on Wednesday. The share purchase agreement covers operating capacities of 4.61 GW of gas-fired power generation and 1.11 million cubic …
Saudi Arabia’s ACWA Power to buy Engie’s share in Kuwait and Bahrain assets Read More »
A look at the day ahead in European and global markets from Ankur Banerjee Another day, another bout of threats from “tariff man”. This time on pharmaceutical and semiconductor imports that investors seem to have taken in stride for now, expecting the latest measure to also be used as a negotiating tool. U.S. President Donald …
Morning Bid: Markets becoming numb to tariff vows Read More »
By Nina Chestney LONDON (Reuters) – Renewable energy developer Lightsource bp, a unit of British oil company BP, secured 10 power purchase agreements (PPAs) last year totalling 1.3 gigawatts (GW) of renewable energy capacity globally, the firm said on Wednesday. Lightsource bp said the PPAs were contracted across Europe, the Americas and Asia Pacific regions …
Lightsource bp secured 10 power purchase deals totalling 1.3 GW last year Read More »
(Reuters) – Billionaire investor Bill Ackman’s Pershing Square Capital Management said on Tuesday it would buy 10 million newly issued shares of Howard Hughes Holdings for $900 million as it revised its proposal to the real estate developer. Shares of Howard Hughes dipped 5% in extended trading. Under the proposal, Ackman would become chairman and …
Pershing Square proposes $900 million deal to increase Howard Hughes stake Read More »
FRANKFURT (Reuters) – The European Central Bank extended its work-from-home policy by two years on Tuesday, only requiring staff to be in the office for about 50% of their time, the bank said, just as some notable entities are reversing their remote work policies. The ECB, the world’s second-largest central bank, will continue to allow …
ECB extends work from home policy even as others reverse course Read More »
By Arsheeya Bajwa, Krystal Hu and Anna Tong (Reuters) – Former OpenAI chief technology officer Mira Murati launched an AI startup called Thinking Machines Lab on Tuesday, with a team of about 30 leading researchers and engineers from competitors including OpenAI, Meta and Mistral. The latest entrant into the crowded AI startup space wants to …
Former OpenAI tech chief Murati launches AI startup, poaching staff from ChatGPT maker Read More »
LONDON (Reuters) – Pay increases granted by British employers held steady in the three months to January at the lowest level since 2021, signalling a shift towards more restrained rises as businesses try to cope with economic pressures, according to a survey on Wednesday. Human resources data firm Brightmine said the median pay award held …
UK pay growth holds at lowest level since 2021, Brightmine says Read More »
