(Reuters) – Germany’s chemical sector needs regulation changes and an easing of burdens that weigh on the industry as it aims for climate neutrality and to remain competitive, industry lobby VCI said on Thursday. The crises of the past few years have left their mark on the balance sheets of chemical and pharmaceutical companies, but …
Germany’s chemicals lobby calls for regulatory reform, growth agenda Read More »
By Forrest Crellin PARIS (Reuters) -French utility Engie posted an 18% jump in third-quarter earnings on Thursday, citing strong renewable and hydropower output as well as increased profit from investments and infrastructure. The company, which sells and trades electricity and gas, said third-quarter earnings before interest and tax (EBIT), excluding nuclear, reached 1.47 billion euros …
French utility Engie’s third-quarter earnings jump 18% Read More »
PARIS (Reuters) -Airbus delivered 62 jets in October to bring this year’s total to 559, the company said on Thursday, as it chases an increasingly challenging year-end target. The latest deliveries leave Airbus with more than 200 more to deliver to reach an annual goal of “around” 770 planes, revised down from 800 in July …
Airbus delivers 62 more planes, chasing challenging full-year target Read More »
By Danilo Masoni MILAN (Reuters) – Danish drugmaker Novo Nordisk’s shares hit an over 9-month low on Thursday after surging more than 8% the previous day, as underwhelming guidance for next year overshadowed strong sales growth for its popular Wegovy weight-loss drug. The two-day move saw Europe’s biggest company by market cap trade in a …
Novo shares hits 9-month low as 2025 guidance underwhelms Read More »
LONDON (Reuters) -The British government said on Thursday it had imposed its biggest sanctions package against Russia for 18 months, targeting people involved in the Ukraine war, African mercenary groups and a nerve agent attack on British soil. The foreign ministry said it had sanctioned 56 bodies and individuals, aiming to hurt Russian President Vladimir …
By Andy Bruce LONDON (Reuters) – The Bank of England is likely to cut interest rates on Thursday for only the second time since 2020 but the big question for investors is whether the BoE sends a signal about its subsequent moves after the government’s inflation-raising budget. The BoE has had almost a week to …
Bank of England readies new rate cut as budget hangs over outlook Read More »
By Christoph Steitz FRANKFURT (Reuters) -German industry, reeling from high costs and fierce Asian competition, urged Berlin on Thursday to hold snap elections as soon as possible after the ruling coalition broke up, warning Europe’s top economy had no time to waste to get back on track. The comments from the automotive, chemicals and energy …
Fearing uncertainty, German industry calls for fast snap election Read More »
(Reuters) – A group of Thames Water bondholders said on Thursday it had submitted a rival 3 billion pound ($3.9 billion) financing offer for the struggling British utilities firm. The group said that it includes holders of more than 75% of Thames Water’s class B bonds and that the “more affordable facility” was open to …
Rival Thames Water bondholders submit alternative financing package Read More »
STOCKHOLM (Reuters) – Sweden’s central bank cut its key interest rate to 2.75% from 3.25% on Thursday, as expected, and said that it would carry on easing policy in the months ahead though uncertainty about developments was exceptionally high. The pace of inflation – which peaked at over 10% in late 2022 – has dipped …
Swedish Riksbank makes half point cut and sees more, but uncertainty high Read More »
(Reuters) -Polish oil refiner Orlen will not continue with its Olefins petrochemical project in its current form and will decide by December between “optimising”, suspending or terminating the investment, the company said. The company had said on Wednesday that continuing the investment under existing plans would mean delaying its completion until 2030 and imply costs …
Polish oil refiner Orlen may suspend or cancel Olefins project Read More »
