By Huw Jones LONDON (Reuters) – The European Union said on Wednesday it has reached a provisional deal on a law aimed at shifting euro derivatives clearing by banks based in the bloc from London to the EU. The bulk of clearing in euro denominated interest rate swaps, widely used by companies to hedge against …
EU agrees new rules to move euro derivatives clearing from London Read More »
PARIS (Reuters) – TotalEnergies has not sent ships through the southern strait leading to the Red Sea and the Suez canal for several weeks, extending its ships’ travel time to Europe, the French oil major said on Wednesday. The Bab-el-Mandeb strait at the southern end of the Red Sea has been disrupted by Houthi attacks …
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LONDON (Reuters) -Emerging markets-focused fund manager Ashmore reported further outflows of client cash in the last six months of 2023 on Wednesday, weighing on its shares in early trading. Ashmore reported net outflows of $4.5 billion in its first-half results to end December, contributing to a 3% drop in its assets under management to $54 …
UK’s Ashmore hit by further fund outflows, shares slip Read More »
LONDON (Reuters) -Bank of England Deputy Governor Sarah Breeden said on Wednesday she had become less worried that interest rates would need to rise again as inflation pressures gradually abate. Breeden, the Monetary Policy Committee’s newest member, said she was now thinking about how long interest rates would need to stay at their current level, …
BoE’s Breeden grows less worried that rates will need to rise again Read More »
By Nerijus Adomaitis and Nora Buli LONDON (Reuters) -Equinor said on Wednesday it would cut its overall cash returns to shareholders this year by $3 billion, sending its shares down 4% even as it posted a slightly smaller-than-expected drop in operating profit for the final quarter of 2023. The Norwegian oil and gas producer’s adjusted …
(Reuters) – PZ Cussons Plc warned of lower annual profit as it cut its interim dividend on Wednesday, pressured by the devaluation of the Nigerian currency, sending shares in the soap maker to a 15-year low. Shares in the maker of Imperial Leather soap, Carex hand gel and St Tropez tanning spray fell as much …
Soap maker PZ Cussons warns on profit, shares tumble Read More »
LONDON (Reuters) -Danish brewer Carlsberg on Wednesday outlined plans to reach its stepped-up growth ambitions through 2027, including higher spending on marketing for its expensive beers and in key countries like China. The world’s third-largest brewer and maker of brands such as Kronenbourg 1664 also reported forecast-beating full-year revenue, though its expectations for 2024 operating …
Carlsberg bets on China, expensive beer for higher growth goals Read More »
(Reuters) – European shares were flat at open on Wednesday as the gains in companies with upbeat earnings reports were offset by a slide in Deutsche Post. The pan-European STOXX 600 index was unchanged at 486.57 points as of 0826 GMT. TeamViewer’s shares jumped 10.9% to the top of the benchmark index after the German …
European shares flat as Deutsche Post’s slide offsets earnings bump Read More »
By Stephanie Hamel (Reuters) -Akzo Nobel reported a smaller-than-expected rise in fourth-quarter core profit on Wednesday, as the Dutch paints and coatings maker started rolling back price hikes in some of its markets. The maker of Dulux and Flexa paints has been recovering from a post-COVID slowdown marked by rising raw material costs and destocking …
Akzo Nobel misses profit forecast, says it rolled back some prices in Q4 Read More »
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Orsted, the world’s biggest offshore wind farm developer, trimmed its investment and capacity targets on Wednesday and paused dividend payouts as part of a major review. The Danish company, which last year found itself at the centre of a perfect storm for the offshore wind industry, lowered its target for …
Offshore wind firm Orsted cuts investment, targets after review Read More »
