(Reuters) -Euro zone bank lending rebounded more in September, and German business sentiment has improved more than expected this month, bolstering the view that the euro zone economy has bottomed out, even if there is no rapid recovery in sight. The 20-nation bloc’s economy has expanded at the slowest possible pace for most of the …
Lending, sentiment data bolster euro zone recovery narrative Read More »
By Rachel More BERLIN (Reuters) -German business morale improved more than expected in October, a survey showed on Friday, offering hope for some respite towards the end of the year in the economy’s grinding battle with industrial woes and weak global demand. The Ifo institute said its business climate index increased to 86.5 in October …
German business sentiment rises, giving rare boost to ailing economy Read More »
By Gavin Jones ROME (Reuters) – Italian business and consumer confidence both dropped unexpectedly in October, data showed on Friday, with a multi-year low in sentiment among companies casting a shadow over growth prospects for the euro zone’s third-largest economy. National statistics institute ISTAT’s composite business morale index, combining surveys of the manufacturing, retail, construction …
Italy business morale sinks, casting shadow over growth prospects Read More »
(Reuters) – British oil giant BP said on Thursday it has taken full ownership of Lightsource BP, after closing the previously announced buyout of the remaining equity in the solar developer. Under the deal, announced in November last year, BP bought the remaining 50.03% stake in LSBP from its founders and management. BP said the …
BP completes takeover of solar power JV Lightsource BP Read More »
By Abigail Summerville NEW YORK (Reuters) – Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those competing to acquire Oscar Mayer, the hot dogs and cold cuts business of packaged food giant Kraft Heinz, according to people familiar with the matter. The divestment of the popular hot-dog brand, which the sources said could fetch …
Exclusive-JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say Read More »
MADRID (Reuters) – Spain’s second-largest oil company Cepsa said on Friday it would delay investments worth 3 billion euros ($3.25 billion) in green hydrogen it had planned in the country’s south if a temporary windfall tax on energy firms becomes permanent. Oil companies have been among the most vocal critics of Spain’s windfall tax, which …
Cepsa to delay $3.3 billion hydrogen projects if Spain’s windfall tax made permanent Read More »
By Jacob Gronholt-Pedersen and Stine Jacobsen ODENSE, Denmark (Reuters) – Europe is falling behind its own ambitious targets for offshore wind power, hindered by rising costs, red tape and inadequate policies, industry leaders and lawmakers said on Thursday as they presented recommendations to the new European Commission. Denmark hosted a meeting in the port of …
Europe struggling to meet offshore wind targets, industry heads and lawmakers say Read More »
By Marie Mannes STOCKHOLM (Reuters) -Electrolux shares plunged more than 15% on Friday after the world’s second-biggest appliances maker missed third-quarter earnings expectations on continuing U.S. losses and competition from China. The Swedish company’s North American arm was in the red for a 10th successive quarter, delivering a loss of 249 million Swedish crowns ($23.6 …
Electrolux slides on US woes and Chinese competition Read More »
By Agata Rybska (Reuters) -Norwegian Air lowered the upper end of its 2024 profit forecast range after reporting third-quarter core earnings below market expectations on Friday, and said its 2025 capacity growth would slow because of delays in Boeing aircraft delivery. Its shares dropped over 12% in morning trade. Costs excluding fuel rose above expectations, …
Norwegian Air trims outlook after Q3 profit miss Read More »
OSLO (Reuters) – Norway’s Equinor continues to meet its gas supply commitments to Europe following two recent security incidents at its Sleipner field in the North Sea, the company said on Friday. Equinor on Tuesday said gas production from the Sleipner B platform was shut following a smoke alert in an electrical facility, and later …
Equinor says gas delivery remains unaffected by Sleipner fields incidents Read More »
