Reuters UK Business Archives - Page 1702 of 3179

France’s RTE signs billion euro cable supply agreement with European manufacturers

5 Nov 2024 5 Nov 2024

(Reuters) – France’s electricity transmission system operator RTE on Tuesday announced a billion euro ($1.09 billion) contract with European suppliers, including fibre-optic cables maker Nexans, to support its projects through 2028. RTE also announced the signature of supply agreements with Greece’s Hellenic Cables, Italy’s Prysmian as well as Copenhagen-listed NKT. WHY IT IS IMPORTANT RTE …

France’s RTE signs billion euro cable supply agreement with European manufacturers Read More »

Italy’s INWIT sees FY revenue at lower end of guidance, on stiff competition

5 Nov 2024 5 Nov 2024

MILAN (Reuters) – Italy’s biggest mobile telecoms towers company INWIT on Tuesday forecast its full-year revenue at 1.03 billion euros ($1.12 billion), in the lower part of its previous guidance due to strong competition in the Italian market. Milan-listed INWIT said earnings before interest, tax, depreciation and amortisation (EBITDA) after lease costs rose by 9% …

Italy’s INWIT sees FY revenue at lower end of guidance, on stiff competition Read More »

BP plans to sell all of its Dutch petrol stations

5 Nov 2024 5 Nov 2024

AMSTERDAM (Reuters) – BP plans to sell all 310 of its petrol stations in the Netherlands, a spokesman for the British oil and gas company said on Tuesday, confirming a report in Dutch newspaper AD. BP did not disclose any price expectations but said that investment needed for growth in the relatively small Dutch market …

BP plans to sell all of its Dutch petrol stations Read More »

European shares edge higher with US election in spotlight; Astrazeneca sinks

5 Nov 2024 5 Nov 2024

By Shashwat Chauhan and Shubham Batra (Reuters) -Europe’s STOXX 600 eked out minor gains on Tuesday led by gains in industrials as investors assessed a slew of downbeat earnings and kept a close eye on voting in a tightly contested U.S. presidential election. The pan-European benchmark ended 0.1% higher, with most regional markets closing in …

European shares edge higher with US election in spotlight; Astrazeneca sinks Read More »

UK’s Aslef union suspends London Underground strike

5 Nov 2024 5 Nov 2024

LONDON (Reuters) -Britain’s Aslef trade union has suspended a planned two-day strike on the London Underground transport network this month following a significantly improved pay offer, the train drivers union said on Tuesday. “Following fresh talks, and an improved offer, ASLEF has agreed to suspend our planned industrial action on London Underground,” ASLEF’s Finn Brennan …

UK’s Aslef union suspends London Underground strike Read More »

Michelin to close two French plants in latest blow to Europe’s auto sector

5 Nov 2024 5 Nov 2024

By Dominique Patton PARIS (Reuters) -Tyre maker Michelin plans to close two of its French factories, affecting about 1,250 workers, it said on Tuesday as Europe’s embattled automotive sector comes under increasing pressure. The French company, founded 135 years ago, cited high costs and cheap Asian competition for the closure of its Cholet and Vannes …

Michelin to close two French plants in latest blow to Europe’s auto sector Read More »

Diagnostics group DiaSorin’s nine-month adjusted core profit up 6%

5 Nov 2024 5 Nov 2024

(Adds revenue, guidance) (Reuters) -Italian medical diagnostics group DiaSorin on Tuesday posted a 6% jump in nine-month adjusted core profit to 292 million euros ($318.46 million) at constant exchange rates, driven by its immunodiagnostic segment. The group’s nine-month overall revenue grew to 583 million euros compared to last year’s results of 846 million euros, driven …

Diagnostics group DiaSorin’s nine-month adjusted core profit up 6% Read More »

GM recalls 107 Bolt vehicles over fire risk

5 Nov 2024 5 Nov 2024

(Reuters) – The National Highway Traffic Safety Administration said on Tuesday General Motors would recall 107 Bolt EV and EUV vehicles over a fire risk. The recall covers previously repaired Bolt vehicles from model years 2020-2022. The U.S. auto safety regulator said the installation of advanced diagnostic software may have failed, leading to a potential fire …

GM recalls 107 Bolt vehicles over fire risk Read More »

Uniper to slow $8.7 billion green overhaul on hydrogen expansion delay

5 Nov 2024 5 Nov 2024

By Christoph Steitz, Vera Eckert FRANKFURT (Reuters) -German state-owned utility Uniper warned on Tuesday that it was likely to slow down a planned 8 billion-euro ($8.7 billion) investment in cleaner fuels amid slower than expected demand for hydrogen from industry. The comments reflect growing scepticism among German companies about whether long-standing government plans to rely …

Uniper to slow $8.7 billion green overhaul on hydrogen expansion delay Read More »

Some European firms retreat from Israel-linked finance amid war pressure

5 Nov 2024 5 Nov 2024

By Stefania Spezzati LONDON (Reuters) – Several of Europe’s biggest financial firms have cut back their links to Israeli companies or those with ties to the country, a Reuters analysis of filings shows, as pressure mounts from activists and governments to end the war in Gaza. While banks and insurers are often vocal about their environmental and …

Some European firms retreat from Israel-linked finance amid war pressure Read More »