(Reuters) – Commercial property firm British Land named banking veteran William Rucker as its chair-designate on Monday, replacing Tim Score who will step down after five years in the role. Rucker, 60, the current chairman of asset manager Intermediate Capital Group, had held the role at housebuilder Crest Nicholson as well for more than seven …
British Land names banking veteran William Rucker as chair-designate Read More »
(Reuters) – European shares started the week on a lacklustre note, tracking a sell-off in Asian equities, while cautious traders kept to the sidelines ahead of a key U.S. inflation data due this week. The pan-European STOXX 600 was down 0.4% by 0817 GMT on Monday, and on track for its biggest one-day percentage drop …
European equities kick-start week lower; economic data on tap Read More »
LONDON (Reuters) -U.S. investor Elliott Advisors does not intend to make an offer for Currys, saying the board of the British electricals retailer would not engage with it. Shares in Currys, which last month rejected an improved 757 million pounds ($973 million) proposal from Elliott, were down 9% in early trading. China-based online giant JD.com …
US investor Elliott walks away from offer for UK’s Currys Read More »
OSLO (Reuters) – Norway’s core inflation rate eased in February to an 18-month low, Statistics Norway (SSB) data showed on Monday, supporting the central bank’s view that interest rates will decline later this year. Core inflation, which strips out changing energy prices and taxes, stood at 4.9% year-on-year in February. Analysts polled by Reuters had, …
Norway Feb core inflation eases more than expected to 4.9% Read More »
(Reuters) – The Netherlands is close to announcing a deal to sell TenneT Holding’s power grid in Germany to the government in Berlin, two people familiar with the matter told Reuters on Sunday. One of the sources said the purchase will likely happen via German state bank KfW, which will sell on the asset to …
Netherlands, Germany near deal on TenneT grid, sources say Read More »
FRANKFURT (Reuters) – Train drivers from German rail company Deutsche Bahn announced a sixth round of strikes from Monday until Wednesday in a long-running dispute over pay. Germany has faced strikes on several fronts, causing chaos for millions of travellers and adding to the country’s economic woes at a time of looming recession. Drivers’ union …
German train drivers announce 6th strike in pay dispute Read More »
FRANKFURT (Reuters) – Lufthansa’s cabin crew union has called on its members to strike at Lufthansa and short-haul carrier CityLine on Tuesday and Wednesday to press their demands for higher pay. The UFO union of flight attendants said on Saturday that the strike, which was voted for by members, would affect departures from Frankfurt airport …
Lufthansa flight attendants to strike on Tuesday and Wednesday Read More »
(This March 8 story has been corrected to change the weekly output capacity to 6,000 cars in paragraph 7) By Oliver Barth GRUENHEIDE, Germany (Reuters) – Tesla’s German plant near Berlin will resume operations next week, the head of its works council said on Friday, after a power outage stopped production. The Tesla electric vehicle …
Tesla’s German plant to restart next week, says works council head Read More »
(Reuters) – Italy’s largest regional power utility A2A has signed a 1.22-billion euro ($1.3 billion) agreement with utility Enel subsidiary e-distribuzione to boost electricity distribution networks in Lombardy, A2A said on Saturday. Under the deal, a newly incorporated company will be set up to which e-distribuzione will contribute its electricity distribution assets in the province …
Italy’s A2A signs $1.3 billion deal with Enel for distribution networks in Lombardy Read More »
By Anna Tong and Shivansh Tiwary (Reuters) -OpenAI Chief Executive Sam Altman will return to the ChatGPT-maker’s board along with three new directors, the world’s most prominent artificial intelligence company said on Friday. An investigation by law firm WilmerHale into the events surrounding Altman’s November firing has concluded, and the company has created new governance …
Sam Altman will return to OpenAI’s board with three new directors Read More »
