MOSCOW (Reuters) – Turkey and Brazil remained the main importers of Russian seaborne diesel and gasoil last year amid the European Union’s ban on imports of Russian refined products, data from market sources and LSEG showed. Before the full EU embargo came into effect in February 2023, Europe was Russia’s biggest buyer. According to LSEG …
Turkey and Brazil top buyers of Russian diesel, LSEG data shows Read More »
MOSCOW (Reuters) – The Russian rouble eased against the U.S. dollar and China’s yuan on Monday as rising oil prices and increased forex sales by the state cushioned the impact of new U.S. sanctions designed to curb Russia’s oil and gas revenue. The rouble was down 0.7% at 102.45 against the dollar by 1000 GMT, …
Russian rouble slips as oil price and forex action limit sanctions impact Read More »
(Reuters) – AustralianSuper, the country’s largest pension fund, said on Monday it has acquired a 50% stake in an A$1.4 billion ($859.18 million) portfolio of European warehouses owned by Oxford Properties, the real estate vehicle of Ontario Municipal Employees Retirement System. European logistics, particularly warehouses, have proven to be attractive investments in an otherwise struggling …
By Shashwat Awasthi (Reuters) -British recruiter PageGroup issued its second profit warning in six months on Monday, citing deteriorating conditions especially in France and Germany and continuing uncertainty in its other main markets. The FTSE 250 firm’s stock fell as much as 5% to 295.8 pence, the lowest level since May 2020, pulling London-listed rivals …
PageGroup warns on profit again as France, Germany woes continue Read More »
MILAN (Reuters) – Italian residents’ deposits with domestic banks rose for the sixth month in a row in November and at a faster pace, while bank lending to businesses fell for the 22nd consecutive month, the Bank of Italy said on Monday. Residents’ deposits with domestic banks increased 4.4% year-on-year in November after rising 2.5% …
Italian bank deposits’ growth accelerates further in November Read More »
(Reuters) -British gambling group Entain expects 2024 core profit to be at the top end of its forecast range, it said on Monday, helped by favourable sports results in the fourth quarter in the UK and Ireland. The company’s shares rose nearly 9% in early trade, with analysts at Jefferies saying the reiteration of full-year …
Ladbrokes owner Entain sees 2024 profit at top end of forecast Read More »
(Reuters) – Italian renewable energy company ERG said on Monday it had signed a power purchase agreement with ENGIE to supply the French energy firm with 220 gigawatt hours (GWh) of electricity over a five-year period. The annual energy supply included in the contract is 44 GWh and the energy will be generated by its …
Italy’s ERG to supply 220 GWh of wind power to France’s ENGIE Read More »
HELSINKI (Reuters) -Budget airline Norwegian Air cut its operating profit outlook for 2024 on Monday, citing a negative impact from the weakening of the Norwegian crown currency against the dollar. The airline now expects its full-year operating profit to be around 1.85 billion Norwegian Crowns ($161.04 million), compared to its previous outlook from October of …
Norwegian Air cuts 2024 operating profit forecast Read More »
GDANSK (Reuters) – Polish medical diagnostics firm Diagnostyka is planning an initial public offer (IPO) on the Warsaw Stock Exchange, the company said on Monday. “The planned IPO is an important step to support the further development of the company and help us continue to strengthen our position in the market and increase shareholder value,” …
(Reuters) -British outsourcing firm Serco said on Monday that CEO Mark Irwin will retire on Feb. 28 after two years in the role, and named Anthony Kirby, currently the chief of its UK & Europe division, as his successor. The company said Irwin, who is leaving after 12 years in the firm, which is listed …
