LONDON (Reuters) – British investment trusts Alliance Trust and Witan have agreed to merge to create a company managing 5 billion pounds ($6.33 billion) of assets, in the latest example of consolidation in the fund management sector. The newly formed Alliance Witan is expected to be eligible to join the FTSE 100 blue chip index, …
UK’s Alliance Trust and Witan to merge to create $6 billion fund firm Read More »
By Sarah Young LONDON (Reuters) -AO World said it was confident on delivering profit and sales growth in the current financial year, as the British online electricals retailer benefits from customer loyalty and booming demand for tumble driers and TVs. The company, founded in 2000 by CEO John Roberts after a bet with a friend, …
UK’s AO World sees further growth on TV, tumble drier demand Read More »
JERUSALEM (Reuters) -Israel on Wednesday approved the export of more natural gas from its offshore fields to boost the economy and energy security, and its partners in the huge Leviathan project in turn said they planned to invest up to $500 million to expand its capacity. Energy Minister Eli Cohen said the decision to more …
Israel approves extra gas exports, Leviathan field to be expanded Read More »
By Shashwat Chauhan and Jesus Calero (Reuters) – European shares advanced on Wednesday, with mining and technology stocks among top gainers, while focus remained on crucial U.S. inflation data and French elections due later in the week. The pan-European STOXX 600 gained 0.4% as of 0826 GMT, with the technology sub-index rising 1.4%, tracking an …
By Naomi Rovnick, Alun John and Dhara Ranasinghe LONDON (Reuters) – Britain’s pound has bounced ahead of an expected landslide election win for the opposition Labour Party but the currency’s future depends on the next government convincing skittish investors that its plans to fix a stagnant economy are credible. On a trade-weighted basis sterling has …
Politics and the pound: how the UK election could make or break sterling’s run Read More »
(Reuters) -French technology firm Atos said on Wednesday a consortium led by investor David Layani’s Onepoint had withdrawn from discussions on its restructuring, but that it still planned to reach a definitive agreement by July. Another consortium, the EPEI group led by Czech billionaire Daniel Kretinsky, which was knocked out of the running earlier this …
Onepoint withdraws from Atos restructuring talks, Kretinsky wants to rejoin Read More »
(Reuters) -Nasdaq said on Wednesday it has cancelled plans to sell its Nordic power trading and clearing business to Europe’s biggest power bourse, the European Energy Exchange (EEX). Although the deal, which was announced last year, did not meet the standard threshold requirements for an EU anti-trust investigation, some authorities in Nordic member states requested …
Nasdaq cancels deal to sell Nordic power business to EEX bourse Read More »
By Nathan Vifflin Alfen, a Dutch company that provides energy storage and EV infrastructure, cut its revenue and core earnings forecast for 2024 on Wednesday citing a slowdown in its main market and lower sales of electric vehicles in Europe. WHY IT’S IMPORTANT A significant number of large deals anticipated for the second quarter have …
Alfen cuts 2024 forecast on delay in energy storage deals, slowing Europe EV sales Read More »
COPENHAGEN (Reuters) – Danske Bank on Wednesday raised its net profit forecast for 2024 to a range of 21 billion to 23 billion Danish crowns ($3.01 billion-$3.30 billion) from between 20 billion and 22 billion crowns seen previously, citing strong credit quality. Danske Bank also said it expects to make small reversals of impairment charges …
LONDON (Reuters) – Sterling has faced its share of trials and tribulations in recent decades but remains a widely used currency, and, this year it has held up better against the dollar than peers. Here are some facts about the British currency: 1/ PERFORMANCE THIS YEAR The pound is trading around $1.27, up 23% from …
Sterling’s importance to global currency markets Read More »
