Reuters UK Business

By America Hernandez PARIS -Italy’s largest banking group, Intesa Sanpaolo, and the Asian Development Bank (ADB) said they will not finance a $10 billion LNG project in Papua New Guinea, as environmental groups lobby against the project being developed by France’s TotalEnergies, Australia’s Santos and U.S.-based Exxon Mobil. Energy majors are refocusing spending on more …

Italy’s Intesa Sanpaolo adds to list of banks shunning Papua LNG project Read More »

(Reuters) – Shoe designer Steven Madden said on Thursday it would buy UK-based luxury brand Kurt Geiger in an all-cash deal valued at 289 million pounds ($360.09 million), expanding its presence in international markets. The New York-based owner of brands such as Dolce Vita and Betsey Johnson will buy the company from private equity firm …

Steven Madden to buy UK-based luxury shoe brand Kurt Geiger in $360 million deal Read More »

BERLIN (Reuters) – Germany is set to extend its trusteeship over Russian oil company Rosneft’s local subsidiaries for a fifth time for six months, the economy ministry said on Thursday. Rosneft has been trying to sell its German units, which include a 54.17% stake in the PCK Schwedt refinery. While remaining the legal owner, Rosneft …

Germany to extend trusteeship over Rosneft subsidiaries Read More »

By Sam Tobin LONDON (Reuters) – Shell should take responsibility for environmental damage in Nigeria caused by oil spills, a community leader said on Thursday as a pivotal hearing in lawsuits brought against the British oil major began at London’s High Court. Godwin Bebe Okpabi, leader of the Ogale community in the Niger Delta, told …

Shell should take responsibility for oil spills, Nigerian community leader says before UK trial Read More »

LONDON (Reuters) -Hedge fund Altana Wealth misused a rival’s confidential information and trade secrets to set up its own fund to invest in Venezuelan debt, London’s High Court ruled on Thursday. London-based firm IlliquidX sued Altana in 2020, shortly after Altana set up the Altana Credit Opportunities Fund (ACOF), which is focused on Venezuelan distressed …

Altana stole rival’s secrets for Venezuelan debt fund, UK court rules Read More »

By Jakob Van Calster and Mateusz Rabiega (Reuters) – Belgium’s largest bank KBC is considering acquisitions in Central European markets, including Romania, CEO Johan Thijs told Reuters on Thursday. The lender, which is already active in the Czech Republic, Hungary, Slovakia and Bulgaria, is looking into opportunities in both the banking and insurance segments, Thijs …

KBC considering acquisitions in Central and Eastern Europe, CEO says Read More »

(Reuters) -Euronext reported higher than expected fourth quarter revenue on Thursday, helped by strong fixed income trading and the expansion of its clearing business. The pan-European stock exchange operator recorded revenue of 415.8 million euros ($431.68 million) in the last three months of 2024, while analysts had expected 408.8 million euros in a consensus compiled …

Euronext’s fourth quarter results beat market forecasts Read More »

By Sanchayaita Roy and Pranav Kashyap (Reuters) – British stocks were mixed on Thursday as consumer giants Unilever and British American Tobacco pressured the export-heavy FTSE 100 index, while midcap stocks were mostly stable. The FTSE 100 index fell by 0.5%, marking its worst performance in nearly two weeks, after reaching consecutive record highs over …

British stocks mixed as consumer giants apply pressure Read More »