MOSCOW (Reuters) – Oil producer Saudi Aramco and Algeria’s Sonatrach lowered January’s official selling prices (OSPs) for liquefied petroleum gas (LPG) by between 1.6% and 6% from December because of weaker demand for the fuel, traders said on Thursday. Aramco’s January OSP for propane decreased by $10 to $625 a metric ton while butane dropped …
Saudi Aramco and Sonatrach cut LPG prices for January Read More »
MOSCOW (Reuters) – Shares in Russia’s largest retailer, X5 resumed trading in full in Moscow on Thursday for the first time since the company was forced to redomicile to Russia from the Netherlands in April 2024. After a volatile opening, the shares settled at around 2,720 roubles ($26.61) per piece, close to where they had …
Russia’s biggest retailer X5 resumes trade after forced return Read More »
By Karin Strohecker LONDON (Reuters) – Investments made by the European Bank for Reconstruction and Development rose by 26% in 2024 to a record 16.6 billion euros ($17.1 billion) thanks to more projects in Ukraine and green financing, the lender said on Thursday. Over three quarters of the 584 projects financed last year were directed …
EBRD investments rise to record 16.6 billion euro in 2024 Read More »
LONDON (Reuters) – Shares in major British retailers fell on Thursday after trading updates covering the Christmas period mostly failed to live up to expectations, against a backdrop of turmoil in the UK bond and currency markets. Shares in Marks & Spencer fell over 6%, their biggest daily drop since March 2023, while Tesco fell …
Shares in British retailers slump after Christmas trading updates Read More »
By Yadarisa Shabong (Reuters) -Discount retailer B&M lowered the top end of its annual profit forecast on Thursday after its UK like-for-like sales dropped 2.8% in its third quarter as cash-strapped shoppers limited spending over the key Christmas period. Shares in B&M, which lost more than 30% of their value last year, dropped 10% to …
Retailer B&M shares drop 10% as soft UK sales limit profit hopes Read More »
By Emma-Victoria Farr FRANKFURT (Reuters) -Stada has lined up a new independent chairman and board of directors in a key step for the private equity-backed German drug manufacturer ahead of a listing this year that could be one of Europe’s biggest, the company said on Thursday. Andreas Fibig, a Novo Nordisk board member, will become …
German drug firm Stada lines up new chairman and board ahead of IPO Read More »
By Maria Martinez (Reuters) -German exports and industrial production rose more than expected in November, but the outlook for the euro zone’s largest economy remains anything but rosy. Exports increased by 2.1% in November compared to the previous month, data from the statistics office showed on Thursday. The result compared with a 2.0% increase forecast …
German exports, industrial production rise more than expected Read More »
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, kept its full-year profit outlook on Thursday as it reported a 4.1% rise in underlying UK sales for the key Christmas trading period, winning market share from rivals. Under chief executive Ken Murphy the group is reaping the rewards of a programme to improve the …
Tesco’s bumper Christmas puts it ahead of UK rivals Read More »
STOCKHOLM (Reuters) – The Norwegian government said on Thursday it has sold its 6.11% stake in Aker Solutions, a supplier of engineering and construction services and technology for the energy sector, for around 963 million crowns ($84.5 million). “The state has assessed that a sale of our remaining shares now coincides well with the state’s …
Norway sells its 6% stake in Aker Solutions for $84.5 million Read More »
(Reuters) – Martin Sorrell’s ad group S4 Capital said on Thursday its Chief Financial Officer Mary Basterfield would step down from the role after three years with the company. Basterfield, 49, will serve a 12-month notice period and will continue working in her current position, the company said in a statement. (Reporting by Aby Jose …
