By Emma-Victoria Farr LONDON (Reuters) -Liontrust Asset Management is to buy British fund manager Majedie Asset Management for up to 120 million pounds ($159.31 million), the company said on Tuesday. Liontrust will pay an initial 80 million pounds for the firm, plus a deferred payment of up to 40 million pounds. The deal is part …
Liontrust to buy UK’s Majedie Asset Management for up to $160 million Read More »
(Refiles to fix figure in paragraph 3) MILAN (Reuters) -Telecom Italia (TIM) said on Monday it has picked Goldman Sachs and LionTree to advise Italy’s biggest telcoms group on the takeover approach by U.S. fund giant KKR. KKR made its non-binding offer for TIM, just before a boardroom row forced group CEO Luigi Gubitosi to …
Telecom Italia picks advisers for KKR takeover approach Read More »
OSLO (Reuters) – The new North Sea Link (NSL) power cable connecting Britain with Norway will operate at half its 1,400 megawatt (MW) capacity until Feb. 14 due to a fault on the British side, Norwegian operator Statnett said late on Monday. The cable, which is co-owned by Britain’s National Grid and Statnett, started trial …
Technical fault will delay ramp-up of new Norway-Britain power cable’s capacity Read More »
By Jane Lanhee Lee (Reuters) – Quantum computer software firm Cambridge Quantum said on Tuesday it was launching a platform that can generate super secure cryptographic keys and sell them as a commercial product. The UK-based startup this year became a wholly owned subsidiary of Quantinuum, a quantum computer hardware and software company in which …
Honeywell-backed company to sell super secure quantum encryption key Read More »
LONDON (Reuters) – Higher power prices in Britain than in other European countries will weigh on efforts by the steel sector to reduce its carbon emissions, an industry group said on Tuesday in a report calling for network cost cuts. British steel producers pay 61% more for electricity than rivals in Germany and 51% more …
British power prices hamper steel sector efforts to cut emissions – report Read More »
By Stephen Nellis and Diane Bartz (Reuters) – The U.S. Federal Trade Commission (FTC) on Monday argued that competition in the nascent markets for chips in self-driving cars and a new category of networking chips could be hurt if Nvidia Corp carries out its $80 billion purchase of Arm Ltd. Last week, the regulator said …
U.S. says Nvidia-Arm deal harms market for networking, self-driving car chips Read More »
By David Milliken LONDON (Reuters) – British consumer spending picked up in November, boosted by earlier-than-usual Christmas shopping and a recovery in spending at pubs and restaurants before news of the Omicron variant of the coronavirus, industry surveys showed on Tuesday. The British Retail Consortium, a trade body representing major high-street retailers, said total sales …
UK consumers embrace Black Friday discounts, shop early for Xmas Read More »
(Reuters) – ISO New England, the power grid operator for the six New England states, on Monday said a severe prolonged cold snap could lead to emergency actions in New England as fuel supply issues threatens ability to meet consumer demand for electricity this winter. Natural gas pipeline constraints, coupled with global supply chain issues …
Extreme weather may pose risk to power system this winter: ISO New England Read More »
(Corrects par. 7 to show the U.S. Treasury, not Fed chose design) FRANKFURT (Reuters) -The European Central Bank said on Monday it plans to redesign the euro’s banknotes over the next three years to make them “more relatable to Europeans of all ages and backgrounds”. ECB focus groups will now gather suggestions about the overarching …
ECB to redesign euro banknotes in inclusion effort Read More »
By Jan Strupczewski BRUSSELS (Reuters) -Euro zone finance ministers remained upbeat on Monday about economic growth prospects despite the Omicron coronavirus variant, and they agreed to continue moderately supportive fiscal policy next year. The Omicron variant has increased concern among some economists that more lockdowns could be in store, which could lower growth after this …
Euro zone upbeat on growth despite Omicron, to continue fiscal support Read More »
