Reuters UK Business

By Ron Bousso and Sabrina Valle LONDON/HOUSTON (Reuters) – Europe’s Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil. Surging oil and gas prices in 2021 delivered billions of dollars in profits to top oil companies, in stark contrast to the previous year when energy prices collapsed …

Analysis-Shrink to fit: the year Big Oil starts to become Small Oil Read More »

By David Milliken LONDON (Reuters) – Major British companies plan a surge in investment in 2022 to meet strong demand and respond to climate change against a backdrop of growing labour shortages, according to a survey from accountants Deloitte. Some 37% of chief financial officers viewed higher capital spending as a priority for 2022, the …

Major UK companies plan 2022 investment surge – Deloitte Read More »

FRANKFURT (Reuters) – German government departments are stepping up efforts to help consumers affected by runaway wholesale energy prices which are beginning to hurt low-income households, two policymakers told Reuters at the weekend. Like many countries, Germany has seen historically high prices of energy and related European carbon emissions permits which were triggered by the …

German government addresses spiralling energy prices Read More »

By Andreas Rinke FRANKFURT (Reuters) – The Nord Stream 2 pipeline to bring Russian gas to Germany should not be mixed up with political and human rights disputes with Moscow, a senior official from the Social Democratic Party (SPD) that leads Germany’s coalition government told Reuters. The pipeline was completed in September, but is awaiting …

German SPD official defends pro-Nord Stream 2 policy Read More »

SARAJEVO (Reuters) – Serbia may soon decide to annul all contracts related to mining group Rio Tinto’s $2.4 billion lithium project in the country, Prime Minister Ana Brnabic said on Saturday, as green groups blocked roads across Serbia protesting against the plan. Rio Tinto wants to develop the mine near Loznica in the western Jadar …

Serbia may suspend lithium deal with Rio Tinto – PM Brnabic Read More »

MILAN (Reuters) – A group of Telecom Italia (TIM) directors, including representatives of top investor Vivendi, asked the group’s chairman to call a special board meeting to appoint a new chief executive, two sources close to the matter said. Hit by a string of profit warnings last year, the former phone monopoly lost its fourth …

Group of Telecom Italia directors ask for special meeting to name new CEO – sources Read More »

LONDON (Reuters) – Britain’s government will seek an extra 4 billion pounds ($5.4 billion) from property developers to fund repairs to dangerous apartment blocks, in the wake of a fire that killed more than 70 people in 2017, the BBC reported. The deadly blaze at Grenfell Tower, a 23-storey social housing block in west London, …

UK to seek extra 4 billion pounds from builders over flammable cladding – BBC Read More »