LONDON (Reuters) -British fintech Revolut’s revenue rose 45% to a record 923 million pounds ($1.1 billion) in 2022, but net profit tumbled to 6 million pounds, down from 26 million pounds the year before, the company said in delayed annual accounts on Friday. The company had said it had 26.2 million customers, up almost 10 …
British fintech Revolut hits record revenue, profit tumbles Read More »
(Reuters) – Shell has begun cutting jobs beyond previously announced reductions in its low-carbon division, Bloomberg News reported on Thursday citing people familiar with the matter. Roles are being eliminated on a division-by-division basis, with those affected offered options including redundancy packages or applying for jobs elsewhere in the company, according to the report. Achieving …
Shell extends job cuts as CEO seeks to trim costs – Bloomberg News Read More »
By Tassilo Hummel and Ardee NAPOLITANO PARIS (Reuters) -Traffic on the cross-Channel Eurotunnel will gradually resume following an agreement with unions, Eurotunnel said, after a strike by French workers interrupted traffic on the undersea link between Britain and continental Europe most of Thursday, upending Christmas holiday plans for thousand of travellers. Eurotunnel said in a …
By Vera Eckert, Jonathan Saul and Lisa Baertlein FRANKFURT/ATHENS/LONDON/LOS ANGELES (Reuters) -Germany’s Hapag-Lloyd and Hong Kong’s OOCL said on Thursday they would avoid the Red Sea, the latest shipping companies to do so after attacks by Yemen’s Houthi group on vessels disrupted global trade, prompting the establishment of a naval task force. The hostilities have …
More ships to avoid Red Sea as attacks disrupt world trade Read More »
By Giuseppe Fonte and Angelo Amante ROME (Reuters) -Italy’s lower house of parliament voted on Thursday against a long-awaited reform of the euro zone bailout fund, throwing into doubt ratification of a European Union treaty that is designed to provide help for failing banks. The vote confirmed the deep hostility within Prime Minister Giorgia Meloni’s …
Italy parliament rejects ESM reform, irking Brussels Read More »
FRANKFURT (Reuters) – German utility RWE on Thursday said it would acquire three offshore wind projects off the English coast from Sweden’s Vattenfall in a deal that values the assets at 963 million pounds ($1.2 billion). The UK Norfolk Offshore Wind Zone portfolio consists of three 1.4 gigawatt projects, RWE said. The transaction was expected …
Germany’s RWE buys UK offshore wind assets from Vattenfall for $1.2 billion Read More »
By Ron Bousso, Vera Eckert and Yadarisa Shabong LONDON/FRANKFURT/BENGALURU (Reuters) -Britain’s Harbour Energy on Thursday agreed to acquire Wintershall Dea’s non-Russian oil and gas assets in a $11.2 billion share and cash deal with co-owners BASF and LetterOne that creates one of the world’s biggest independent producers. London-listed Harbour, the largest British North Sea oil …
Britain’s Harbour Energy strikes $11.2 billion deal for Wintershall Dea assets Read More »
By Shashwat Chauhan and Shubham Batra (Reuters) -British shares slipped on Thursday as a recent global equity rally spurred by hopes of interest rate cuts from major central banks came to an abrupt halt after Wall Street indexes closed sharply lower in the previous session. Both the blue-chip FTSE 100 and FTSE 250 midcap index …
By Andy Bruce and William Schomberg LONDON (Reuters) -The budget picture for British Prime Minister Rishi Sunak has deteriorated, official data showed on Thursday, but a smaller debt interest bill thanks to slowing inflation could yet restore some of his limited room for pre-election tax cuts. Public sector net borrowing, excluding state-owned banks, totalled 116.4 …
UK budget deficit shows limited room for election giveaways Read More »
By Ross Kerber, Tommy Wilkes and Isla Binnie BOSTON/LONDON/NEW YORK (Reuters) – Sustainable funds faced a sharp slowdown in demand globally in 2023 amid political controversy and concerns about “greenwashing,” even as many outperformed the broader market when the recovery of technology-related stocks bolstered their returns. Environmental, social and governance (ESG) investing boomed in 2020 …
ESG funds suffer weaker demand despite help from tech-sector performance Read More »
