By Gwladys Fouche OSLO (Reuters) – Policymakers in Norway should be open to the idea that the country’s $1.8 trillion wealth fund be allowed to invest in weapons makers that are currently banned from its portfolio on ethical grounds, the central bank chief said on Thursday. The fund follows rules decided by parliament that prevents …
(Reuters) – Canadian carrier WestJet and Germany’s Lufthansa Technik have signed a multi-billion dollar agreement for engine maintenance services, the companies said on Thursday. Lufthansa Technik will service CFM International’s LEAP-1B engines on WestJet’s Boeing 737 fleet, the companies said, adding that operations are set to begin in 2027. (Reporting by Utkarsh Shetti in Bengaluru; …
WestJet, Lufthansa Technik sign agreement for aircraft engine maintenance Read More »
LONDON (Reuters) – Britain opened an incentive scheme on Thursday for offshore wind projects, seeking to persuade developers to provide the investment to meet an ambitious goal of decarbonising the country’s energy system by 2030. The scheme, called the ‘Clean Industry Bonus’, will provide successful bidders with an initial 27 million pounds ($33.5 million) in …
Britain launches offshore wind farm incentives scheme Read More »
By Anousha Sakoui and Arunima Kumar (Reuters) -Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to transform its performance, including a big divestment programme, a source familiar with the matter told Reuters on Thursday. Elliott is engaging with the company in …
Elliott builds BP stake of nearly 5%, pushes for big divestments, source says Read More »
By Alessandro Parodi (Reuters) -Adyen’s shares rose as much as 15% on Thursday after the Dutch payments company reported full-year core earnings above market expectations, and forecast higher net revenue growth and continued margin expansion in 2025. The Amsterdam-listed shares were the top gainers on the pan-European STOXX index at 0345 GMT. Two traders cited …
Payments group Adyen’s shares surge on full-year profit beat Read More »
By Elvira Pollina MILAN (Reuters) -Poste Italiane and French telecoms group Iliad are both valid M&A options for Telecom Italia (TIM) to consolidate the Italian telecoms market, the head of the former Italian phone monopoly, Pietro Labriola, said on Thursday. “From an industrial point of view, as we already said in 2022, Iliad or Poste …
Telecom Italia CEO says Iliad and Poste are both valid M&A options Read More »
By Jaspreet Singh and Joel Jose (Reuters) -Reddit shares fell 6% in early trading on Thursday after the social media firm missed Wall Street estimates for fourth-quarter daily active unique visitors, hit by Google’s search algorithm change. Google’s focus on artificial intelligence-generated summaries that provide information on top of search engine results page before traditional …
Reddit shares plummet as user growth miss takes shine off strong forecast Read More »
PARIS (Reuters) -France can no longer afford to put off belt-tightening efforts as debt payments snowball in the coming years, the independent public audit office said on Thursday. France’s public finances spiralled out of control last year as a political crisis left four successive governments paralysed and incapable of tackling an unexpected drop in tax …
France can no longer afford to put off belt-tightening, public auditor says Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge fund say executives can expect a strong view on their shortcomings, backed by meticulous research and financial firepower. Now, storied oil giant BP is in Elliott’s sights. The investment …
Hedge fund Elliott commands attention in C-suites as relentless activist Read More »
ROME (Reuters) – Italian Economy Minister Giancarlo Giorgetti said on Thursday he expected upcoming data on public finances to be better than officially forecast by the government, despite a darkening economic outlook. National statistics bureau ISTAT will publish full year 2024 data on the budget deficit and the public debt on March 3. “I always …
Italy economy minister sees positive surprises for public finances Read More »
