DAVOS, Switzerland (Reuters) – Ukraine’s largest private energy company DTEK said on Wednesday it plans to invest 450 million Euros ($468.59 million) to expand a wind farm near the Black Sea coast, boosting its capacity. DTEK, most of whose thermal generation capacity has been damaged or destroyed by Russian bombardments, said it would expand its …
Ukraine energy firm DTEK plans $470 million wind farm expansion Read More »
(This Jan 21. story has been corrected to clarify that Alstom will reevaluate its no-dividend policy once it eliminates net debt, not “resume returning profits to shareholders,” in paragraph 7) By Anna Peverieri and Alban Kacher (Reuters) – French train maker Alstom on Tuesday reported higher than expected sales for its third quarter, helped by …
France’s Alstom 3rd quarter sales top forecasts on services growth Read More »
FRANKFURT (Reuters) – Having severed ties with Russia as a gas supplier, Europe must step up its own production and imports, said Alfred Stern, CEO of Austrian utility OMV in a broadcast from the Davos economic forum on Wednesday. “We have to do everything possible to work in and around Europe,” said Stern, whose remarks …
OMV CEO: Europe must step up own gas production and imports Read More »
WARSAW (Reuters) – Poland’s JSW said on Wednesday that there has been a methane explosion at Knurow-Szczyglowice Ruch Szczyglowice mine in southern Poland. “An operation to evacuate workers from the area is underway,” JSW said in a statement. (Reporting by Alan Charlish and Pawel Florkiewicz)
(Reuters) -Shares in ticketing firm Trainline fell nearly 7% on Wednesday, after Britain’s transport department announced plans for a new online train ticket retailer, backed by government, to simplify the process of buying tickets from different operators. The plan comes ahead of an industry-wide consultation on the Rail Reform Bill, which aims to establish the …
Trainline shares fall on Great British Railways’ plan to retail tickets Read More »
LONDON (Reuters) – Corio Generation CEO Jonathan Cole will step down at the end of January for personal reasons, Australia’s Macquarie Group, which owns the UK-based offshore wind developer, said on Wednesday. Cole, who has been chief executive since the company was launched in 2022, will be replaced by Corio board chair Samuel Leupold, Macquarie …
UK’s Corio Generation CEO to step down at end of January Read More »
(Reuters) – British pub group J D Wetherspoon said on Wednesday its like-for-like sales rose 5% in the 25 weeks to Jan. 19, helped by strong demand for its food and drinks during the holiday season. UK pub groups, which enjoyed stellar festive-season sales, are now facing tempered growth prospects as higher taxes and labour …
British pub group J D Wetherspoon reports higher sales but cost challenges loom Read More »
By Victoria Waldersee and Christina Amann BERLIN (Reuters) – For all its talk of radical change, Volkswagen’s cost-cutting deal in Germany relies heavily on the automaker’s tradition of cooperation between managers and workers, according to details disclosed by company sources. That has left some investors and analysts questioning whether it can deliver on promises to …
Analysis-Volkswagen seeks new era in Germany with old methods Read More »
(Reuters) -British wealth manager Quilter’s fourth-quarter managed assets beat market expectations after nearly 2 billion pounds ($2.46 billion) in net inflows from its wealthy clients, sending shares more than 6% higher on Wednesday. The money manager said new business momentum remained strong in its High Net Worth segment, while overall business was solid despite higher …
Britain’s Quilter beats forecasts with strong asset inflows, shares surge Read More »
OSLO (Reuters) -Norway’s sovereign wealth fund said on Wednesday it has bought a 25% stake in a mixed-use property portfolio located in London’s Mayfair district for 305.7 million pounds ($376.53 million). The 2.3 million square feet portfolio is predominately office and retail assets clustered around Grosvenor Street and Mount Street, the fund said in a …
Norway sovereign wealth fund buys 25% stake in London property portfolio Read More »
