LONDON (Reuters) – British foreign minister Liz Truss said on Wednesday Europe would become increasingly hooked on Russian gas if Moscow got its way and it was time for countries to end that dependency. “The EU (European Union) relies on Russia for over 40% of its gas, and with some countries Russia has a complete …
Europe needs to end energy dependency on Russia, says UK foreign minister Read More »
By Pushkala Aripaka (Reuters) – Clinigen on Wednesday agreed to be bought by UK-based Triton Investment Management in a deal that values the pharmaceutical services group at about 1.2 billion pounds ($1.6 billion), making it the latest British company to go private. Last week, Clinigen confirmed advanced talks with the private-equity firm over a possible …
UK pharmaceutical firm Clinigen agrees to $1.6 billion take-private deal Read More »
LONDON (Reuters) -British energy supplier Centrica and its partner, German utility Stadtwerke Munchen, have agreed to sell their oil and gas assets off Norway for a total of $1.1 billion, Centrica said on Wednesday. The buyers are Sval Energi, a unit of Norwegian private equity firm HitecVision, as well as state-controlled oil and gas firm …
Centrica to sell Spirit Energy’s Norway assets for $1.1 billion Read More »
(Repeats without garble in headline, no other changes) By Gergely Szakacs BUDAPEST/BUCHAREST (Reuters) – Matei Susnea has criss-crossed Bucharest’s frosty streets in search of a Christmas tree he can afford, but with prices of everyday items surging, he fears he and his family will have to do without this year. Like millions of others, the …
East Europeans tighten belts for Christmas as inflation bites Read More »
(Reuters) -Centamin Plc said on Wednesday that a review of its Sukari mine in Egypt indicated the largest reserve growth in a decade. The London-listed miner said the increased reserve in excess of one million ounces at Sukari, its sole gold mine, underpins its plans to produce 500,000 ounces per annum of gold over the …
Centamin expects higher gold output on Sukari boost Read More »
HELSINKI (Reuters) -Finnish insurance group Sampo has bought a 30% stake in British property and casualty insurance company Hastings from South Africa’s Rand Merchant Investment (RMI), Sampo said on Wednesday. The 685 million pound ($907.08 million) deal includes an option that RMI held to buy 10% of Hastings from Sampo by May 2022 and now …
Finland’s Sampo buys remaning stake in UK insurer Hastings Read More »
(Reuters) -British homebuilder Taylor Wimpey said on Wednesday its Chief Executive Officer Pete Redfern will step down from his role after spending more than 14 years at the helm. Redfern was previously the CEO of UK housing land development firm George Wimpey and oversaw its merger with Taylor Woodrow that created Taylor Wimpey in 2007. …
Homebuilder Taylor Wimpey’s CEO to step down after 14 years Read More »
(Reuters) – Upper Crust owner SSP warned of uncertainty from the Omicron variant of the coronavirus, even as sales improved to two-thirds of pre-pandemic levels in recent months thanks to an extended European summer and workers returning to offices. SSP said on Wednesday that in stress-testing scenarios regarding the new variant, it assumed that sales …
Upper Crust owner flags Omicron uncertainty, sales improve Read More »
LONDON (Reuters) – UK-based environmental, social and governance (ESG) equity funds saw a record 1.5 billion pounds ($2 billion) in inflows in November as COP26 climate talks spurred investor interest in sustainability, according to funds network Calastone. The climate summit in Glasgow, Scotland, in the early part of last month led to a deal to …
COP26 drives record $2 billion inflows into UK-based ESG funds in November-Calastone Read More »
BERLIN (Reuters) – BMW signed an agreement with Munich-based microchip maker INOVA Semiconductors and U.S.-based foundry GlobalFoundries to supply the carmaker with several million semiconductors per year, it announced on Wednesday. The semiconductors will first be deployed in the BMW iX model and then rolled out to other models, BMW said in a statement. “We …
BMW secures several million chips per year from INOVA, GlobalFoundries Read More »
