By Julia Payne LONDON (Reuters) -BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have evaporated, according to a document seen by Reuters. Dated Brent, the S&P Global Platts benchmark set up over …
BP says Brent benchmark reform should include U.S. oil, dump Brent Read More »
(Refiles to correct to “this week” in lead) By Valentina Za MILAN (Reuters) -Andrea Orcel must convince UniCredit investors that he can deliver on a promise to grow the Italian bank profitably when he presents its new strategy this week. And after spurning a merger with state-owned Monte dei Paschi, the chief executive is still …
UniCredit’s Orcel pledges profitable new chapter for Italian bank Read More »
LONDON (Reuters) – Some Spar grocery stores in Britain have been forced to close because of an online attack, the company said on Monday. “There has been an online attack on our IT systems which is affecting stores’ ability to process card payments, meaning that a number of SPAR stores are currently closed,” the company …
Some UK Spar grocery shops forced to close due to online attack Read More »
PARIS (Reuters) – French power group EDF and Sweden’s Vattenfall need to accelerate cooperation to be at the forefront of the development of new small modular nuclear reactors (SMR), French Finance Minister Bruno Le Maire said on Monday. Le Maire made the comments at a French-Swedish business Summit on the decarboniastion of the economy. (Reporting …
France’s Le Maire: EDF, Vattenfall should cooperate on SMR nuclear reactors Read More »
(Reuters) – Commodities tycoon Sanjeev Gupta’s GFG Alliance said on Monday its international businesses were performing well on strong metal markets, helping bolster its cashflow and boost its refinancing efforts. GFG Alliance, which has been scrambling since the collapse of supply chain finance firm Greensill, also said it was restarting LIBERTY Steel USA’s South Carolina …
GFG Alliance’s refinancing gets boost as international businesses perform well Read More »
By Susanna Twidale LONDON (Reuters) – National Grid’s Electricity System Operator (ESO) is reviewing the way Britain’s power generators are paid to ensure the market remains balanced after several recent high-cost days, it said on Monday. British energy prices have reached record highs this year as global gas prices have soared, forcing multiple British energy …
Britain’s National Grid to review electricity balancing costs Read More »
PARIS (Reuters) – European space company ArianeGroup will develop a reusable mini-launcher to compete with the likes of Elon Musk’s SpaceX, French Finance Minister Bruno Le Maire said on Monday. The launcher “must be able to be operational in 2026”, Le Maire said during a trip to the ArianeGroup site at Vernon in Normandy, where …
France to mimic Musk with own SpaceX-style launcher, minister says Read More »
LONDON (Reuters) – Workers at several Tesco distribution centres across Britain are set to strike in the run-up to Christmas, potentially hitting product availability, the Unite union said on Monday. It said warehouse and truck drivers based at depots in Belfast and Antrim in Northern Ireland, Didcot in southern England and Doncaster in northern England …
British supermarket chain Tesco facing pre-Christmas strikes Read More »
By Siyabonga Sishi PORT EDWARD, South Africa (Reuters) – South Africans took to their beaches on Sunday to protest against plans by Royal Dutch Shell to do seimsic oil exploration they say will threaten marine wildlife such as whales, dolphins, seals and penguins on a pristine coastal stretch. A South African court on Friday struck …
S.Africans protest against Shell oil exploration in pristine coastal area Read More »
By David Milliken and William Schomberg LONDON (Reuters) -Bank of England Deputy Governor Ben Broadbent said on Monday that inflation in Britain might “comfortably exceed” 5% in April and that the country’s tight labour market risked becoming a more persistent source of inflation. The BoE, which is trying to steer the economy through its recovery …
BoE’s Broadbent sees inflation above 5%, price pressure from jobs market Read More »
