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Austria’s OMV posts FY profit in line with view helped by chemicals segment

4 Feb 2025

(Reuters) – Austrian oil and gas firm OMV on Tuesday reported full-year adjusted operating profit in line with expectations, as better performance at its chemicals division offset weakness at the fuel and feedstock and energy segments. The Vienna-based company reported a clean operating result of 5.14 billion euros ($5.29 billion), down 15% year-on-year, but roughly …

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Equinor’s massive Sverdrup oilfield shut by power outage

4 Feb 2025

OSLO (Reuters) -Norway’s Equinor halted on Tuesday all output from its Johan Sverdrup oilfield in the North Sea, western Europe’s largest producing field, due to an outage in the offshore power system, a company spokesperson said. “Repair work has been initiated, and we are working on a restart plan,” the spokesperson said, without elaborating. The …

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Spain’s Unicaja targets 40% profit rise, investors welcome dividend policy

4 Feb 2025

By Jesús Aguado MADRID (Reuters) -Spanish bank Unicaja said on Tuesday it planned to invest around 250 million euros ($258 million) in information technology and hire 300 employees as part of a new strategy targeting a 40% profit increase over three years. Unicaja reported a fourth quarter net profit of 122 million euros, 22% less …

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UK homebuilder Crest Nicholson warns it may breach loan terms

4 Feb 2025

By Aby Jose Koilparambil (Reuters) -British housebuilder Crest Nicholson said on Tuesday it had identified a “severe but plausible” scenario under which it might breach its loan terms as soon as April, with potential implications for its status as a going concern. The group said that while it maintains “good relationships and a regular dialogue …

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Serbian oil company NIS asks U.S. Treasury for a 90-day waiver of sanctions

4 Feb 2025

BELGRADE (Reuters) – Serbian oil company NIS, which is majority-owned by Russia’s Gazprom Neft and Gazprom, has submitted a formal request to the U.S. Treasury Department for a waiver of sanctions for 90 days, Serbia’s energy ministry said on Tuesday. In a statement, the ministry said that the NIS request has the backing of the …

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Waabi ties up with Volvo to roll out self-driving trucks

4 Feb 2025

By Akash Sriram (Reuters) – Self-driving technology company Waabi said on Tuesday it has partnered with truckmaker Volvo’s driverless systems unit to develop and deploy big rigs that drive themselves. Fleets and truck manufacturers have been looking towards self-driving vehicle technologies to reduce costs and increase the time a truck can be on the road …

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Ferragamo shares slide after company parts ways with CEO Gobbetti

4 Feb 2025

MILAN (Reuters) – Ferragamo shares slide more than 5% on Tuesday after the Italian luxury group announced that its chief executive Marco Gobbetti would leave next month after little over three years in charge. Gobbetti, the former chief of British brand Burberry, had been attempting to turn around the Florentine brand but progress had been …

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Italy regulator fines logistics firm GLS over ‘green’ policies

4 Feb 2025

ROME (Reuters) – Italy’s competition authority AGCM on Tuesday said that it had fined logistics company GLS 8 million euros ($8.26 million) for alleged unfair commercial practices in its environmental sustainability program. The regulator said that GLS’s ‘Climate Protect’ initiative, was “organised, financed and communicated without the transparency, rigor, and diligence” due in a high-polluting …

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Factbox-From Johnnie Walker to Corona beer, major alcohol firms could face tariff hit

4 Feb 2025

(Reuters) – Makers of alcoholic beverages such as Johnnie Walker whisky and Corona beer could be caught in the crosshairs of a potential trade war after U.S. President Donald Trump imposed sweeping new tariffs on goods from Mexico, Canada and China. Although Trump agreed to a 30-day pause on the tariffs on Canada and Mexico …

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