(Reuters) – European arms manufacturers shares continued their rally on Tuesday, albeit at a slower pace, on prospects of higher defence spending, ahead of talks between U.S. and Russian officials over a possible Ukraine peace deal. Shares in Rheinmetall, Renk, Hensoldt and steelmaker Thyssenkrupp rose for the second day in a row, up between 1-7% …
European arms makers extend rally on Ukraine talks Read More »
By Raechel Thankam Job and Yadarisa Shabong (Reuters) -Holiday Inn owner IHG announced a $900 million share buyback plan on Tuesday which fell short of some investors’ estimates, sending its stock around 5% lower despite the hotel operator’s better than expected annual room revenue. IHG’s plan to return more than $1.1 billion to shareholders in …
Holiday Inn owner IHG’s $900 million share buyback disappoints, shares fall Read More »
LONDON (Reuters) – The UK Supreme Court on Monday rejected a move by finance minister Rachel Reeves to intervene in a landmark case on car loan mis-selling, sending shares in lenders Close Brothers and Lloyds Banking Group sharply lower. Britain’s Treasury said in January it was worried that a court judgment handed down in October, …
UK Supreme Court rejects Reeves’ intervention in motor finance case, bank shares slide Read More »
MILAN (Reuters) – Global packaged food group Kraft Heinz is working with investment bank Houlihan Lokey to sell its Italy-based infant food product brand Plasmon, two sources close to the matter said on Tuesday. Kraft Heinz tried to sell the Italian business back in 2019 but eventually decided to keep it. Binding offers are expected …
Kraft Heinz aims to sell its baby food brand Plasmon, sources say Read More »
GENEVA (Reuters) – The number of financial institutions with significant exposure to companies involved in the nuclear weapons industry has fallen by about a quarter since a U.N. treaty came into force in 2021, according to a report on Tuesday by campaign groups. The findings were released in a report titled “Don’t Bank on the …
Financial ties to nuclear arms drop about 25% post-UN treaty, campaigners find Read More »
FRANKFURT (Reuters) – European Central Bank interest rate cuts should compensate for the tightening impact of the bank’s balance sheet runoff, board member Piero Cipollone said on Tuesday, hinting that borrowing costs may need to go lower than some think. The ECB plans to let hundreds of billions if not trillions of euros worth of …
ECB rate cuts should factor in balance sheet runoff, Cipollone says Read More »
By Kate Abnett BRUSSELS (Reuters) – Businesses could find it easier to obtain state aid and other financial incentives for projects aimed at cutting their carbon emissions, under measures laid out in a draft European Commission document seen by Reuters. As well as trying to spur government aid, the guidelines seek to make it easier …
EU set to loosen state aid rules to spur green projects, draft shows Read More »
By Kirstin Ridley LONDON (Reuters) – Britain has closed its investigation into “cum-ex” dividend tax fraud, issuing its eighth and final penalty over a trading scheme that is estimated to have siphoned billions of euros from continental European states’ coffers. The Financial Conduct Authority said on Tuesday it had fined Mako Financial Markets 1.66 million …
UK watchdog ends ‘cum-ex’ probe with final fine over Shah tax trades Read More »
By Julia Payne and Kate Abnett BRUSSELS (Reuters) – The European Commission will work on more flexible targets for EU countries to refill their gas storage ahead of winter, a draft EU document showed, after concerns among some governments that Europe’s strict filling deadlines could drive up prices. The European Union’s current targets, introduced in …
EU to work on more flexible gas storage filling targets, draft shows Read More »
By Julia Payne and Kate Abnett BRUSSELS (Reuters) – The European Commission will next week propose a broad package of measures to support struggling EU industries, including help to de-risk power purchase deals and simpler state aid rules, a draft of its Clean Industrial Deal showed on Tuesday. The Commission President Ursula von der Leyen …
EU Commission to propose help to de-risk power deals, document shows Read More »
