BERLIN (Reuters) – Deutsche Boerse is designing a new index to run alongside the current benchmark index DAX that would not build in caps that limit the weighting of individual component stocks, the exchange operator’s ISS Stoxx division said on Monday. The new index, due to be published in the first quarter of this year, …
Deutsche Boerse designing new DAX index without caps Read More »
By Elena Fabrichnaya MOSCOW (Reuters) – The Russian central bank is expected to keep its benchmark interest rate on hold at a board meeting on February 14 but is likely to use more hawkish language than previously as inflation is not slowing, a Reuters poll of 24 analysts showed on Monday. High inflation, which reached …
Russian central bank expected to keep benchmark rate on hold on Feb 14: Reuters poll Read More »
(Reuters) – Banca Generali exceeded analyst expectations on Monday with a 32% jump in 2024 net profit to 431.2 million euros ($445.21 million). The private bank controlled by Italy’s top insurer Generali proposed a dividend of 2.80 euros per share, with a 76% total payout ratio on its 2024 net profit. The bank added it …
Banca Generali’s 2024 net profit jumps 32%, beating expectations Read More »
BERLIN (Reuters) – Europe is prepared to act in response to possible restrictions to trade, German Economy Minister Robert Habeck said on Monday, after holding discussions with industry lobbies and the EU’s top trade representative about the threat of tariffs from the U.S. “Europe must and can only react unitedly and decisively to unilateral trade …
German economy minister says Europe prepared to act on possible trade restrictions Read More »
By Sarah Young and Nina Chestney LONDON (Reuters) -The UK government and Drax have agreed a deal that will halve the energy producer’s subsidies over 2027-2031, while ensuring the group uses more sustainable sources of woody biomass, the two sides said on Monday. Drax is Britain’s largest renewable power generator. With the help of government …
UK cuts subsidies for biomass power producer Drax Read More »
ZURICH (Reuters) – Siemens shareholder Deka Investment will vote against the reelection of Jim Hagemann Snabe as chairman at the German engineering group, it said on Monday. Snabe, who has been a member of the Siemens supervisory board since 2013 and chairman since 2018, is seeking two more years as chairman at the company’s shareholder …
Siemens investor Deka to vote against Jim Hagemann Snabe as chairman Read More »
MADRID (Reuters) -Spanish train maker Talgo’s shares jumped 7% on Monday after Poland’s state-owned investment fund PFR said it planned to join the bidding for the manufacturer of AVE high speed trains. PFR said it intended to bid in the coming days for the 40% stake in Talgo held by investment alliance Pegaso Transportation, according …
Shares in Spanish high-speed train maker Talgo jump as Poland’s PFR joins bidding Read More »
By Maria Martinez BERLIN (Reuters) – Investor morale in the euro zone brightened in February to its highest since July, a survey showed on Monday, with Germany also benefiting from the rise in confidence. The Sentix index for the euro zone rose to -12.7 in February from -17.7 in January, above the -16.3 forecast by …
LONDON (Reuters) – The UK arm of German discount supermarket Lidl is to give its 28,000 hourly paid workers a pay rise of at least 2.8%, it said on Monday, a figure slightly above the current inflation rate of 2.5%. The Bank of England is keeping a close eye on wage settlements as it assesses …
Lidl GB raises store workers pay by 2.8%, above inflation rate Read More »
(Reuters) -Britain’s Johnson Matthey named outsider Richard Pike as chief financial officer on Monday, and said Chairman Patrick Thomas will step down from his role, as part of the auto catalyst maker’s efforts to shore up its operations. The company began a review of executive pay last month and also plans to cut spending on …
UK’s Johnson Matthey names Richard Pike as CFO in leadership shift Read More »
