Reuters UK Business Archives - Page 1693 of 1699

France’s Le Maire: EDF, Vattenfall should cooperate on SMR nuclear reactors

6 Dec 2021 6 Dec 2021

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 …

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GFG Alliance’s refinancing gets boost as international businesses perform well

6 Dec 2021 6 Dec 2021

(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 …

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Britain’s National Grid to review electricity balancing costs

6 Dec 2021 6 Dec 2021

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 …

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France to mimic Musk with own SpaceX-style launcher, minister says

6 Dec 2021 6 Dec 2021

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 …

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British supermarket chain Tesco facing pre-Christmas strikes

6 Dec 2021 6 Dec 2021

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 …

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S.Africans protest against Shell oil exploration in pristine coastal area

6 Dec 2021 6 Dec 2021

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 …

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BoE’s Broadbent sees inflation above 5%, price pressure from jobs market

6 Dec 2021 6 Dec 2021

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 …

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Pandemic measures cast pall on euro zone investor morale

6 Dec 2021 6 Dec 2021

By Michael Nienaber BERLIN (Reuters) -Investor morale in the euro zone in December fell to its lowest level since April as renewed restrictions to contain a fourth wave of coronavirus infections clouded the growth outlook, a survey showed on Monday. Sentix’s index for the euro zone fell to 13.5 from 18.3 the previous month. Analysts …

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Investment funds need bank-like shock-absorbers, BIS says

6 Dec 2021 6 Dec 2021

By Huw Jones LONDON (Reuters) – Bank-like rules are needed to stop investment funds from destabilising finance in market crises, the Bank for International Settlements said on Monday, adding fuel to an already heated debate over the fast growing sector. The BIS, a Swiss-based forum for central banks, said in its quarterly review that policymakers …

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UK shopper numbers show first signs of Omicron impact -Springboard

6 Dec 2021 6 Dec 2021

LONDON (Reuters) -The emergence of the new coronavirus Omicron variant is starting to impact shopper behaviour in Britain, researcher Springboard said on Monday. It said that in the week to Dec. 4 overall UK shopper numbers, or footfall, rose 0.7% versus the previous week and was up 0.5% in central London. However, Springboard noted its …

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