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Nornickel’s largest investor Interros objects to Rusal lawsuit over dividends

By Anastasia Lyrchikova MOSCOW (Reuters) – Nornickel’s largest shareholder Interros said on Thursday it had filed an objection to a London lawsuit brought by fellow shareholder Rusal, alleging that Rusal is attempting to maximise dividends even if doing so is not in Nornickel’s best interests. The long-running dispute between Nornickel Chief Executive Vladimir Potanin, who …

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European stocks finish at one-month high, French politics in focus

By Joao Manuel Vicente Mauricio and Johann M Cherian (Reuters) -European stocks closed at a more than one-month high on Thursday, aided by bank stocks as investors hoped a new budget could be passed in France after Prime Minister Michel Barnier’s government was toppled. The pan-European STOXX 600 finished 0.4% higher, logging its sixth-straight session …

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Dutch airline KLM urges government to rethink Schiphol flight cap

By Bart H. Meijer AMSTERDAM (Reuters) -Dutch airline KLM on Thursday urged the government to rethink its approach to tackling noise pollution at Amsterdam’s Schiphol airport, one of Europe’s main hubs, saying it should promote quieter planes rather than cutting flights. The government is expected to announce a new flight cap for Schiphol this month, …

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M&S can tear down flagship Marble Arch store, says UK government

By James Davey LONDON (Reuters) – British retailer Marks & Spencer can demolish and rebuild its flagship Marble Arch store in central London, the Ministry of Housing, Communities and Local Government said on Thursday, ending a three-year planning battle over the site. The fate of the Art Deco site, made up of three separate buildings, …

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Macquarie-backed offshore wind developer Corio starts job cuts

(Reuters) – Corio Generation, the UK-based offshore wind developer backed by Australia’s Macquarie Group, plans to cut a small number of jobs roles, a company spokesperson told Reuters on Thursday. Ballooning costs due to technical and supply chain problems and high interest rates has had many offshore wind sector companies review investments or undertake restructurings. …

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Russian court rejects Raiffeisen appeal against share freeze

MOSCOW (Reuters) – A Russian court on Thursday rejected Raiffeisen Bank International’s appeal against the freezing of shares in its local arm, as part of a lawsuit brought by Russian investment company Rasperia, court filings showed. Rasperia is seeking around $2 billion in compensation after RBI dropped a bid for Rasperia’s frozen stake in Vienna-based …

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