By Bansari Mayur Kamdar (Reuters) -UK’s FTSE 100 rose to a three-week highs on Tuesday, boosted by mining stocks and positive earnings outlooks, with global markets taking relief from receding concerns about the Omicron variant of the coronavirus. The commodity-heavy FTSE 100 ended 1.5% higher with base metal miners leading gains as copper prices were …
Strong earnings forecasts, miners lift FTSE 100 to 3-week highs Read More »
(Reuters) – Irish building materials firm CRH Plc is planning a $3 billion sale of Oldcastle Building Envelope, its U.S.-based unit that makes glass building products, Bloomberg reported on Tuesday, citing unnamed sources. The Dublin-based company is working with advisers and has recently started reaching out to potential buyers for the sale of the unit, …
By William Schomberg LONDON (Reuters) – The Bank of England may hold off again next week on becoming the world’s first big central bank to raise interest rates from their pandemic lows, due to the emergence of the Omicron variant of the coronavirus. The BoE wrong-footed many investors a month ago when it kept Bank …
BoE rate hike plan up in the air again due to Omicron risks Read More »
By Giulio Piovaccari and Nick Carey MILAN (Reuters) – Automaker Stellantis rolled out its software strategy on Tuesday including a 2030 target of 20 billion euros ($22.54 billion) in annual revenue from related products and subscriptions as it takes aim at rival Tesla. CEO Carlos Tavares said the world’s fourth largest carmaker expected to have …
Stellantis looks to revenue-generating software for its cars Read More »
(Reuters) – Mimecast Ltd said that funds advised by private equity firm Permira will take the email security company private in a deal valued at about $5.8 billion, at a time when investors are pouring money into data security companies as cyberattacks rise. Mimecast shareholders will receive $80 in cash for each share held, which …
Permira to take email security firm Mimecast private in $5.8 billion deal Read More »
By Sinchita Mitra (Reuters) – Britain’s Paragon Banking has started offering homeowners lower-priced mortgages if they plan to buy eco-friendly properties or are upgrading their current homes, Chief Executive Officer Nigel Terrington said on Tuesday. Terrington detailed the lender’s plans on expanding its “green mortgage” offerings after Paragon posted a record annual profit. London-listed Paragon …
UK’s Paragon Banking to offer lower mortgage rates for eco-friendly homes Read More »
(Reuters) – Events organiser Informa said on Tuesday it plans to return 1 billion pounds ($1.32 billion) to shareholders through stock buyback and a special dividend next year and aims to exceed pre-pandemic revenue by 2024, sending its shares up 7.4%. The world’s largest exhibitions group also laid out plans to divest its data and …
UK’s Informa rises on shareholder return, divestment plans Read More »
By Susanna Twidale LONDON (Reuters) – Elliott Management has questioned SSE’s decision not to spin off its renewables arm and called on the British energy firm to appoint independent directors with green energy experience in a letter the activist investor sent on Tuesday. SSE has resisting previous calls by Elliott to split up the company, …
Elliott ups pressure on Britain’s SSE over renewables unit Read More »
By Tina Bellon (Reuters) – Empty roads and cleaner air at the start of the pandemic have given way to a gradual return of traffic congestion in many global cities, but U.S. and UK downtown centers remain less busy as office workers continue to work from home, according to a study published on Tuesday. Trips …
Road congestion returns, but work-from-home leaves downtowns empty Read More »
BRUSSELS (Reuters) – European Union finance ministers agreed on Tuesday to change EU rules so that they can cut the Value Added Tax (VAT) on goods and services linked to fighting climate change, health protection and making the EU more ready for the digital age. At the same time they agreed to phase out by …
EU paves way for cheaper internet, bicycles, solar panels Read More »
