By Paul Sandle and Sachin Ravikumar LONDON (Reuters) -British TV company Sky will launch its broadband services on internet provider CityFibre’s network, the companies said on Tuesday, a blow to Sky’s existing partner BT, whose shares fell more than 6%. CityFibre said Sky would roll out its full fibre broadband product on its network next …
Sky to launch broadband services on CityFibre network; BT shares fall Read More »
By Khushi Singh and Purvi Agarwal (Reuters) -The UK’s FTSE 100 ended 1% lower on Tuesday, as a third straight day of falling crude prices weighed on energy stocks, and BT dropped to the bottom of FTSE 100 after rival CityFibre struck a deal with Sky. The blue-chip FTSE 100 index had its biggest one-day …
FTSE 100 dips 1% as energy stocks slip and BT hits bottom Read More »
BRUSSELS (Reuters) -The European Commission said on Tuesday that it had approved a 5 billion euro ($5.5 billion) German state aid measure to support a new microchip manufacturing plant in Dresden for the European Semiconductor Manufacturing Company (ESMC). German Economy Minister Robert Habeck praised the decision and said his government would maintain the fast pace …
EU approves 5 billion euro German aid for ESMC semiconductor plant in Dresden Read More »
(Reuters) – Shares of i3 Energy jumped as much as 33.7% on Tuesday morning after Canada’s Gran Tierra Energy offered to buy the British oil and gas producer in a deal valued at 174.1 million pounds ($226.23 million). The deal has an implied valued of 13.92 pence per i3 Energy share, which represents a premium …
UK’s i3 Energy surges on $226 million takeover offer from Canada’s Gran Tierra Energy Read More »
STOCKHOLM (Reuters) – Battery maker Northvolt will consolidate and shift development of lithium-metal battery technology to its R&D hub in Vasteras, Sweden, from California, the company said on Tuesday. The decision comes as the company is engaged in a strategic review to refocus its expansion plans after experiencing a series of setbacks such as production …
Battery maker Northvolt to shift R&D from California to Sweden Read More »
(Reuters) – British oilfield services and engineering firm Wood Group posted an 8.5% jump in its first-half adjusted core earnings on Tuesday aided by improved pricing, while maintaining its earnings forecast for the current year and 2025. WHY IT’S IMPORTANT Facing pressure from an activist investor to either sell or rethink its UK listing to …
UK’s Wood Group posts higher first-half profit on improved pricing Read More »
By Fabian Cambero SANTIAGO (Reuters) – Mining giant BHP’s quick fix to a recent six-day strike at its huge Escondida copper mine in Chile could set the tone for upcoming negotiations elsewhere, with workers emboldened by high copper prices to push for a larger share of the profits. Members of Escondida’s powerful Union No. 1 …
Analysis-BHP’s quick strike fix sets tone for labor talks amid copper rally Read More »
By David Shepardson (Reuters) -The United Auto Workers union announced on Monday a number of its local units representing workers at Stellantis are preparing to file grievances and could launch a nationwide strike, saying the automaker is not honoring production commitments. The UAW said the locals represent tens of thousands of workers and the dispute …
UAW workers at Stellantis could strike over Illinois plant reopening Read More »
By Jonathan Stempel NEW YORK (Reuters) -A former Deutsche Bank trader whose conviction for rigging an interest rate benchmark was overturned has resolved a lawsuit accusing the German bank of destroying his banking career by falsely implicating him in the scheme. A joint stipulation ending Gavin Black’s $30 million civil lawsuit against the bank and …
Exonerated trader resolves lawsuit claiming Deutsche Bank ‘scapegoated’ him Read More »
By Khushi Singh and Purvi Agarwal (Reuters) -London stocks ended higher on Monday, boosted by a rise in metal mining shares as prices of most base and precious metals advanced, while homebuilder Barratt gained after the competition regulator’s condition was waived for its deal to buy Redrow. The blue-chip FTSE 100 index was up 0.6%, …
FTSE 100 ends higher on miners boost, rates optimism Read More »
