Reuters UK Business

Activist Cevian to stay invested at ABB as representative quits board

30 Jan 2025

ZURICH (Reuters) – Activist investor Cevian Partners will remain invested in ABB, it said on Thursday, despite the departure of managing partner Lars Forberg from the engineering company’s board. ABB said on Thursday that Forberg would step down after its annual shareholder meeting on March 27, with Claudia Nemat, a member of Deutsche Telekom’s management …

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French budget talks enter crunch phase as parliamentary showdown nears

30 Jan 2025

By Dominique Vidalon and Michel Rose PARIS (Reuters) -A panel of French lawmakers were meeting on Thursday to thrash out the final text of a much delayed 2025 budget bill that is key to restoring investor confidence over the country’s finances and the government’s survival. The seven senators and seven members of parliament were holding …

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Russia’s oil output down 2.8%, gas production up 7.6% in 2024, deputy PM says

30 Jan 2025

By Vladimir Soldatkin MOSCOW (Reuters) -Russia’s oil and gas condensate production reached 516 million metric tons, or 10.32 million barrels per day, in 2024, Deputy Prime Minister Alexander Novak told the energy ministry’s in-house magazine on Thursday, around 2.8% lower compared to 2023. Russia has been holding down its oil production due to an agreement …

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Portugal’s economic growth in 2024 beats government’s forecast

30 Jan 2025

By Sergio Goncalves LISBON (Reuters) -Portugal’s economic growth accelerated to 1.5% in the fourth quarter, pushing its full-year expansion to 1.9%, slightly above the government’s forecast, official data showed on Thursday. The National Statistics Institute (INE) said in its flash estimate that gross domestic product rose 2.7% in the quarter from the same period a …

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Italy Dec jobless rate rises to 6.2%, employment stable

30 Jan 2025

ROME (Reuters) -Italy’s unemployment rate rose to 6.2% in December from an upwardly revised 5.9% the month before, national statistics bureau ISTAT reported on Thursday, while employment levels were broadly stable during the month. A Reuters survey of 12 analysts had forecast a December jobless rate of 5.7%, which was the previously reported figure for …

Italy Dec jobless rate rises to 6.2%, employment stable Read More »

Symrise’s organic growth slows down to 1% in fourth quarter

30 Jan 2025

By Patricia Weiss and Anastasiia Kozlova FRANKFURT (Reuters) – German flavour and fragrance maker Symrise on Thursday reported a clear slowdown in its fourth quarter organic growth, missing market expectations, in a sign of sales normalisation after a period of strong growth especially in its scents unit. Symrise, whose fragrances go into the perfumes of …

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