DUBLIN (Reuters) – Irish food ingredients multinational Kerry Group has a policy of producing locally that should protect against possible tariffs, its chief executive said on Tuesday, but that it is too soon to gauge any impact this year’s performance. U.S. President Donald Trump has said in recent days that he would impose reciprocal tariffs …
Kerry Group says local policy should limit any tariffs hit Read More »
By America Hernandez and Alban Kacher (Reuters) – French oil major TotalEnergies will develop two green hydrogen projects with industrial gases company Air Liquide, aiming to help decarbonise Total’s Dutch and Belgian refineries, they said on Tuesday. The two projects to build electrolysers represent a combined investment of more than 1 billion euros ($1.1 billion) …
Air Liquide and TotalEnergies to invest over 1 billion euros in green hydrogen Read More »
AMSTERDAM – Dutch energy storage firm Return plans to build a 1.4 gigawatt battery storage facility in the port of Vlissingen by 2027, it said on Tuesday, using 372 of Tesla’s Megapack 2 XL grid storage batteries, in what will be the Netherlands’ largest such project to date. Such batteries will be needed to balance …
Netherlands to build 1.4 GW battery storage facility with Tesla batteries Read More »
By Christoph Steitz FRANKFURT (Reuters) – Germany goes to the polls on Sunday amid prolonged weakness in Europe’s top economy and as companies warn of a rapidly worsening environment, putting the country’s industrial future at risk. Following are some of the key issues for companies, how the parties are planning to tackle them, and which …
Explainer-What the upcoming election means for corporate Germany Read More »
BERLIN (Reuters) – German automotive supplier ZDF is considering a spin-of of its electric drive train division, the Handelsblatt business news outlet reported on Tuesday, citing company sources. ZF said it was “examining strategic collaborations and partnerships” for either the entire unit or parts of it. The considerations were an effort to make the unit …
ZF considering spin-off of electric drive division, Handelsblatt reports Read More »
By Sarah Young LONDON (Reuters) – Thames Water, Britain’s biggest water supplier with 16 million customers, secured a 3 billion pound debt lifeline on Tuesday, warding off nationalisation and giving it time to sort out its finances, boosting its chances of survival. HISTORY Britain’s water and sewerage industry was privatised in 1989 by Margaret Thatcher’s …
Factbox-Thames Water: debt lifeline provides relief but challenges remain Read More »
(Reuters) – Productivity in Britain’s economy, one of its major weak points, recovered partially in the fourth quarter of 2024 but was down compared with a year previously, official data showed on Tuesday. The Office for National Statistics said output-per-hour worked increased by 0.7% in the fourth quarter, partially reversing a 1.1% drop in the …
Poor UK productivity recovers partially in Q4, ONS data shows Read More »
LONDON – Chilean copper miner Antofagasta posted an 11% jump in annual core profit on Tuesday, helped by higher prices for the metal. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the full year rose to $3.43 billion from $3.09 billion a year earlier. The copper miner’s proposed final dividend of 23.5 cents a …
Copper miner Antofagasta reports 11% rise in 2024 core profit Read More »
By Pietro Lombardi MADRID (Reuters) – Spanish gas grid operator Enagas plans to invest more than 4 billion euros ($4.18 billion) by the end of the decade, with more than three quarters of that earmarked for hydrogen infrastructure. With Spanish gas demand falling, Enagas has sold assets, reduced dividends and cut debt to fund plans …
Spain’s Enagas plans multibillion-euro investment in hydrogen infrastructure Read More »
(Reuters) – The latest UK jobs market data published earlier on Tuesday does not change the Bank of England’s broad expectations for the economy, BoE Governor Andrew Bailey. Pay growth rose by a bit less than the BoE had forecast earlier this month when it also said it expected that increases in wages would start …
BoE’s Bailey says latest labour data in line with forecasts Read More »
