By Marie Mannes STOCKHOLM (Reuters) – Norway’s Hydro said on Thursday it is now solely financing the Hydrovolt battery recycler which it set up with joint venture partner Sweden’s Northvolt. The Norwegian group recently raised its stake in Hydrovolt to 62% from the original 50% when the partnership was established in 2020, a Hydro spokesperson …
Norway’s Hydro says Northvolt no longer financing Hydrovolt Read More »
By Ankika Biswas and Pranav Kashyap (Reuters) -Europe’s STOXX 600 slumped over 1% on Thursday, notching the steepest monthly decline in a year, dragged down by bleak corporate earnings and as investors await more clarity on macroeconomic conditions and the U.S. election outcome. The pan-European main stock index closed 1.2% lower, falling to its lowest …
STOXX 600 logs worst month in a year on earnings, US election caution Read More »
By Shubham Batra and Sruthi Shankar (Reuters) -The UK’s main stock indexes fell to a near three-month low on Thursday as investors scaled back bets of rate cuts from the Bank of England (BoE) following Britain’s new big-spending budget plans which has revived worries about inflation. The blue-chip FTSE 100 dropped 0.6%, while the domestically …
FTSE indexes slide to near three-month lows on budget angst Read More »
PARIS (Reuters) – French food retailer Casino on Thursday posted lower third quarter sales, weighed down by its ongoing restructuring, which includes the sales or closures of unprofitable stores. Sales for the three months to September 30 fell 1.8% to 2.067 billion euros ($2.24 billion) on a same-store basis after falling 3.1% in the second …
French retailer Casino reports Q3 sales fall ahead of November strategy plan Read More »
LONDON – Shell is starting arbitration hearings over the supply of liquefied natural gas from Venture Global’s Calcasieu Pass facility, Shell CEO Wael Sawan said on Thursday. Shell and other companies including BP, Galp and Repsol have launched contract arbitration cases in the United States and Europe over the status of the plant and their …
Shell starting arbitration hearings with Venture Global, says CEO Read More »
LONDON (Reuters) – The first budget of Britain’s Labour government was about restoring stability to the public finances with two strong new fiscal rules, Prime Minister Keir Starmer’s spokesperson said, declining to comment on a fall in government bond prices. British two-year government borrowing costs rose sharply for a second day on Thursday as investors …
UK PM Starmer’s office, asked about bond price falls, cites strong fiscal rules Read More »
By Medha Singh and Alun John (Reuters) -The pound fell on Thursday, set for its worst two-day loss against the euro in two years, a day after new British finance minister Rachel Reeves announced a tax-and-spend budget that investors worried would reignite inflation and weigh on growth. Sterling was heading for a two-day loss of …
Sterling spirals as investors fret over UK budget, gilts sell off Read More »
(Adds missing punctuation in lead and headline) By Emma Rumney, Jacob Gronholt-Pedersen LONDON/COPENHAGEN (Reuters) -Two of the biggest brewers, Anheuser-Busch InBev and Carlsberg, sold less than forecast in the third quarter as consumers, particularly in China, cut their spending by drinking less or choosing cheaper beer. The world leader AB InBev’s profits and revenues fell …
Brewers’ volumes disappoint as drinkers buy less beer Read More »
By William Schomberg, David Milliken LONDON (Reuters) -Britain’s finance minister Rachel Reeves faced criticism on Thursday after her first budget came in big on spending, tax increases and borrowing but small on economic growth, which was one of the big election promises of the Labour Party. The unveiling of the new government’s economic programme by …
UK’s Reeves faces heat for weak growth despite tax-and-spend budget Read More »
LONDON (Reuters) -British finance minister Rachel Reeves presented her first budget statement to parliament on Wednesday, unveiling the biggest tax rises since 1993 and changes to the government’s fiscal rules to increase borrowing for investment. Below are the main points from her speech: NEW FISCAL RULES Reeves said she would eliminate the current budget deficit, …
Key measures in UK Labour Party’s first budget in nearly 15 years Read More »
