LONDON (Reuters) -London’s iconic BT Tower is set to become a hotel after the owner BT Group said it had agreed to sell the 177-metre building in the capital’s West End to MCR Hotels for 275 million pounds ($347 million). The tower, opened by Prime Minister Harold Wilson in 1965, was London’s tallest building for …
London’s BT Tower to become hotel after 275 million stg sale Read More »
By David Milliken and Suban Abdulla LONDON (Reuters) -Britain chalked up its highest ever monthly budget surplus in January due to record seasonal tax inflows, official figures showed on Wednesday, although the broader picture remains tough as finance minister Jeremy Hunt prepares his annual budget. The Office for National Statistics said Britain ran a budget …
UK sees record monthly budget surplus, but tough picture ahead of budget Read More »
By Nora Buli OSLO (Reuters) – Norwegian renewable energies firm Statkraft is seeking buyers for projects in four non-core markets that it acquired as part of its purchase of Spanish company Enerfin, its CEO told Reuters. Norwegian state-owned Statkraft acquired Spanish renewable energy company Enerfin from Elecnor Group in November, for 1.8 billion euros ($1.94 …
Norway’s Statkraft to divest renewables projects in four markets Read More »
By Aby Jose Koilparambil (Reuters) – The UK housing sector could see more deals this year as homebuilders seeking to build up their land holdings in anticipation of a recovery look out for bargains in a beaten-down market. British homebuilders have grappled with sinking demand through 2023 as high mortgage rates and a prolonged cost-of-living …
UK housing sector ripe for deals as firms look to boost land bank Read More »
(Reuters) – European shares slipped on Wednesday, weighed by a drop in banks following HSBC’s disappointing earnings, while investors awaited region-wide consumer confidence data. Banks lost 1%. HSBC tumbled 7.2%, set for its biggest one-day drop since March 2020, after its annual profit missed analysts’ forecasts as the income boost from higher interest rates was …
European shares slide as earnings disappoint; data on tap Read More »
By Tom Wilson LONDON (Reuters) -Major U.S. crypto firm Circle will end support for its USDC token on the Tron blockchain network, a decision the company said on Wednesday “aligned with its efforts to ensure that USDC remained trusted, transparent and safe”. Boston-based Circle said in a blog that, effective immediately, it would no longer …
Crypto firm Circle to end support for USDC stablecoin on Tron blockchain Read More »
By Andrey Sychev and Chiara Holzhaeuser (Reuters) -Fresenius Medical Care’s shares fell 5% on Tuesday, despite upbeat quarterly results and higher 2024 guidance, with analysts highlighting a weak outlook for patient volumes from the German dialysis specialist. U.S. competitor Da Vita last Tuesday forecast a 2024 outlook above expectations, forecasting patient volumes would increase by …
FMC shares slide as analysts focus on weaker patient volumes outlook Read More »
By Stephanie Hamel and Gaelle Sheehan (Reuters) -JDE Peet’s, one of the world’s largest coffee companies, on Wednesday reported an organic rise in 2023 operating profit, while analysts had forecast a decline, and said it expected the growth to continue this year. The maker of coffee brands Jacobs, L’Or, Tassimo and Douwe Egberts posted adjusted …
Coffee group JDE Peet’s posts surprise growth in 2023 operating profit Read More »
By Foo Yun Chee BRUSSELS (Reuters) -The European Union will investigate whether ByteDance’s TikTok breached online content rules aimed at protecting children and ensuring transparent advertising, an official said on Monday, putting the social media platform at risk of a hefty fine. EU industry chief Thierry Breton said he took the decision after analysing the …
EU opens formal investigation into TikTok over possible online content breaches Read More »
By Noel Randewich (Reuters) -Chipmaker Nvidia is replacing Tesla as Wall Street’s most traded stock by value, adding to its prominence after becoming the third-most valuable U.S. company and showing more evidence of how central AI-related bets have become to investors. Nvidia’s outsized representation in day-to-day stock trading could leave investors more vulnerable should the …
Nvidia dethrones Tesla as Wall Street’s most traded stock Read More »
