By Francesca Landini MILAN (Reuters) -Wind and solar energy production hit a record last year in Italy, as the country more than doubled its newly-installed green source capacity, power grid operator Terna said on Monday. Solar panel generation rose to 30.6 Terawatt hours (TWh) while wind farms produced 23.4 TWh, Terna said. It added that …
Wind, solar energy output hit record high in Italy in 2023 Read More »
By Nell Mackenzie LONDON (Reuters) – Hedge fund Sona Asset Management has hired Aymeric Paillat as a portfolio manager focused on structured credit, a person familiar with the matter told Reuters on Monday. Paillat will start his role at Sona Asset Management in April, based in London, said the source. He joins from JP Morgan, …
Hedge fund Sona Asset Management taps ex-JP Morgan banker Aymeric Paillat -source Read More »
By Abigail Summerville and Amy-Jo Crowley NEW YORK/LONDON (Reuters) – London-listed investment firm Bridgepoint has agreed to buy RoC Skincare from Gryphon Investors, according to people with knowledge of the situation. The deal was for around $500 million, one of the people said, speaking on condition of anonymity. San Francisco-based Gryphon carved out the anti-aging …
Bridgepoint acquires anti-aging cosmetics brand RoC Skincare, sources say Read More »
By Chris Prentice and Hannah Lang WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) on Monday defended its authority to oversee certain cryptocurrency assets in court, as Binance urged a federal judge to dismiss the regulator’s case against the world’s largest crypto exchange. Monday’s hearing over Binance’s request marked the second closely-watched courtroom battle …
Binance, SEC face off over regulator’s crypto oversight Read More »
By Kate Abnett BRUSSELS (Reuters) – It is unclear if Belgium will use the option in an upcoming European Union law to block imports of Russian liquefied natural gas (LNG), Belgium’s energy minister said on Monday. A reform of EU gas market rules, agreed last year, is set to let EU countries stop deliveries of …
Unclear if Belgium will use EU option to block Russian gas imports – minister Read More »
(Reuters) – Intrum said on Monday it would sell a large portion of its investment portfolio to affiliates of Cerberus Capital Management for 8.2 billion Swedish crowns ($785.41 million). Intrum said it would use the proceeds from the transaction to reduce its debt and will retain a 35% stake in the purchasing entity. The company …
Intrum to sell large chunk of investment portfolio to Cerberus for $785 million Read More »
By Richa Naidu LONDON (Reuters) – Consumer goods companies are likely to post stronger fourth-quarter sales growth in Europe than in the United States, monthly data indicates, boosted by persistently higher prices in countries like Britain, France and Germany even as Americans paid less. Companies like Procter & Gamble and Nestle began hiking prices in …
Consumer goods makers set to post mixed sales as US prices ease more than in Europe Read More »
(Reuters) -British electric-vehicle company Arrival is heading closer to insolvency after lining up a new set of advisers to oversee contingency planning, Sky News reported on Monday. The company is in talks with accounting firm EY about acting as administrator if it cannot secure rescue funding, the report added. Arrival did not immediately respond to …
British EV startup Arrival inches closer to insolvency – Sky News Read More »
By Yadarisa Shabong (Reuters) -British catering company Compass Group on Monday agreed to buy rival CH&CO in a deal valuing the Royal Opera House caterer at 475 million pounds ($603.73 million), including debt, marking its biggest acquisition in Europe to date. Compass, the world’s largest catering group, has been looking to make bolt-on acquisitions as …
Compass buys caterer CH&CO for $600 million in its biggest European deal to date Read More »
By Sruthi Shankar and Shubham Batra (Reuters) -UK stocks climbed on Monday after a record-setting rally on Wall Street helped outweigh concerns about a slowing British economy and sticky inflation, while homebuilders advanced with Persimmon leading the outperformance in the sector. The blue-chip FTSE 100 rose 0.4%, while the midcap index FTSE 250 jumped 1.1% …
London stocks climb as homebuilders shine, China weakness drags miners Read More »
