STOCKHOLM (Reuters) -Debt-laden Swedish property group SBB reported a widened third-quarter pre-tax loss on Monday. The landlord, which owns properties across Sweden including hospitals and care homes, reported a pre-tax loss of 3.13 billion Swedish crowns ($287 million) for continuing operations, compared to a loss of a revised 2.56 billion a year ago. This was …
(Reuters) – European shares rose on Monday, aided by healthcare, with investors awaiting a slew of data throughout the week for clarity on the economic outlook as major central banks talk up restrictive monetary policies. The pan-European STOXX 600 rose 0.6% by 0810 GMT, after clocking its steepest one-day drop of 1% in three weeks …
European shares climb as Novo Nordisk boosts healthcare Read More »
(Reuters) – Tullow Oil said on Monday it had entered into a $400 million five-year debt facility deal with Glencore which would help manage its senior notes maturing through 2026. The facility, with Glencore Energy UK Ltd, will be available to draw for 18 months and allow Tullow to address all its outstanding 2025 notes …
Tullow signs $400 million debt facility deal with Glencore Read More »
PARIS (Reuters) – TotalEnergies has signed an agreement with U.S. company TexGen to acquire three gas-fired power plants representing 1.5 gigawatts of electricity generation capacity in Texas for $635 million, the company said in a statement on Monday. (Reporting by Charlotte Van Campenhout; editing by Jason Neely)
FRANKFURT (Reuters) – Germany’s EnBW on Monday reported an adjusted net profit of 2.36 billion euros ($2.52 billion) for the January-September period, more than double its result a year earlier, citing positive power generation and trading as drivers. The net profit compared with 1.10 billion euros a year earlier, said the south-western utility in a …
EnBW more than doubles 9-month adjusted net profit Read More »
LONDON (Reuters) -Markets are keen to trade rate cuts and big central banks are pushing back, shining a new light on upcoming data in that tug of war. China continues to battle its property demons while it is Italy’s turn to be in the eye of the ratings agencies after Moody’s on Friday lowered its …
FRANKFURT (Reuters) – German carmaker BMW said on Sunday it is seeking clarity on operations at a Moroccan cobalt mine following a newspaper report citing irregularities that breach labour and environmental laws. BMW has contacted local supplier Managem with a range of queries and requested additional information, a spokesperson for the company told Reuters. “If …
BMW says it is looking into Morocco labour, environment issues after newspaper report Read More »
FRANKFURT (Reuters) – Continental on Sunday said it is considering how to improve competitiveness of its automotive division but stopped short of commenting on a report that it could axe about 5,500 jobs worldwide. “Continental is looking into further measures to strengthen the competitiveness of its Automotive division,” a spokesman said in reply to emailed …
Germany’s Continental considers measures to improve competitiveness Read More »
HOUSTON (Reuters) -BP, Edison and Shell pressed a U.S.-EU energy group to intervene in a dispute with liquefied natural gas exporter Venture Global LNG over the U.S. firm’s failure to deliver contract supplies of the fuel. The companies appealed to the U.S.-EU Task Force on Energy Security last month, and a Shell executive urged them …
BP, Edison, Shell ask US, EU to intervene in Venture Global LNG dispute Read More »
By Catarina Demony LISBON (Reuters) -The Bank of Portugal’s ethics committee will meet on Monday to evaluate the conduct of governor Mario Centeno, whose independence came into question after the departing prime minister proposed him as a potential replacement, local media said. Antonio Costa stepped down on Tuesday over an investigation into alleged illegalities in …
Portuguese central bank to assess governor’s conduct – local media Read More »
