(Reuters) – Shell said on Thursday it expects its proved oil and gas reserve replacement ratio for last year to be 85%. The reserve replacement ratio (RRR) measures how much oil and gas a company adds to its reserves compared with what it produces. A ratio of 100% or more means the company is replacing …
Shell sees 2024 oil and gas reserve replacement ratio at 85% Read More »
PARIS (Reuters) -France’s economic activity retreated slightly in the fourth quarter despite firm consumer spending as the boost from the Paris 2024 Olympic Games waned, statistics agency INSEE said on Thursday. The soft end to the year adds pressure on lawmakers to pass France’s 2025 budget, which has been delayed for weeks due to political …
Solid French consumer spending eases impact of post-Olympics economic pullback Read More »
By Sergio Goncalves LISBON (Reuters) – The 23 EU members who also belong to NATO are likely to agree to raise the defence spending target above the current 2% of national output at a June summit of the alliance that will set a new level, European Council President Antonio Costa said. U.S. President Donald Trump …
EU members of NATO ready to raise defence spending beyond 2% of GDP, Costa says Read More »
MILAN (Reuters) -Italian tax police have seized 46.6 million euros ($48.4 million) from FedEx’s local unit, FedEx Express Italy srl, following an investigation into alleged tax fraud linked to illicit labour supply, prosecutors’ documents showed on Wednesday. In a 75-page decree reviewed by Reuters, Milan prosecutors accused the U.S. package delivery giant’s local unit of …
Italy seizes $48.4 million from FedEx’s unit over alleged tax fraud Read More »
(Reuters) – Commercial insurance firm Lloyd’s of London on Thursday appointed Alexandra Cliff as its chief financial officer to succeed Burkhard Keese. Cliff joined Lloyd’s as deputy CFO in November 2022 and currently serves on Lloyd’s executive committee, the company said. (Reporting by DhanushVignesh Babu in Bengaluru; Editing by Sonia Cheema)
By Gianluca Semeraro VENICE (Reuters) -Generali on Thursday promised shareholders more than 8.5 billion euros ($8.9 billion) in dividends and share buybacks under a new strategy through 2027, as CEO Philippe Donnet prepares to fight for reappointment. Investors in Italy’s biggest insurer have in the past clashed over its leadership, with Donnet backed by top …
Generali steps up investor returns as CEO offers to stay in charge Read More »
By Yadarisa Shabong and Joanna Plucinska (Reuters) -European low-cost airline Wizz Air cut its annual net income forecast for the second time in six months on Thursday, as it grapples with rising costs related to the grounding of planes due to engine problems and economic uncertainties. Wizz faces costs and disruptions due to groundings related …
Wizz Air drops 13% after second profit warning in six months Read More »
By Supantha Mukherjee STOCKHOLM (Reuters) -Finland’s Nokia reported stronger than expected fourth-quarter adjusted operating profit and sales on Thursday, helped by higher demand for telecoms gear from mobile operators in North America and India, and was upbeat about 2025 prospects. Shares of the telecoms gear maker were up 3% at 0840 GMT, outperforming a 0.4% …
Nokia beats estimates as demand recovers, shares rise Read More »
By Alessandro Parodi (Reuters) -Telia reiterated its 2025 targets on Thursday, even as the Swedish telecom operator reported a smaller-than-expected increase in fourth-quarter adjusted core earnings weighed down by its core markets Sweden and Norway. Its shares fell 5% by 0842 GMT and were on track for their worst day since October 2022, with two …
Telia sticks to 2025 targets after core profit miss in fourth quarter Read More »
AMSTERDAM (Reuters) – Dutch state-owned lender de Volksbank on Thursday said it had been fined 20 million euros ($20.83 million) by the Dutch central bank for inadequate risk management and failure to prevent money laundering. The bank said it had acknowledged the shortcomings, which were found in the period between 2018 and 2023, and had …
Dutch lender Volksbank fined for inadequate risk management Read More »
