LIVERPOOL, England (Reuters) – Britain’s opposition Labour Party on Sunday said it would speed up connections to the country’s National Grid network as part of investment in clean energy infrastructure and to ease delays electricity companies face. Labour leader Keir Starmer has put a green industrial strategy at the centre of his pitch for a …
Britain’s Labour plans to ‘rewire’ the country, ease grid delays Read More »
By Khushi Singh and Bansari Mayur Kamdar (Reuters) -The commodity-heavy FTSE 100 was subdued on Monday, but outpaced its peers in Europe and the U.S., as oil majors rallied on a rise in crude prices amid fears a widening of the conflict between Israel and the Palestinian Islamist group Hamas could affect Middle East oil …
UK’s FTSE 100 outperforms peers as oil majors jump on Middle East conflict Read More »
By Ozan Ergenay BERLIN (Reuters) – Vitesco shares rose 20.3% on Monday morning on news that its largest shareholder Schaeffler AG will launch a tender offer valuing the powertrain supplier at 3.64 billion euros ($3.83 billion). EV components maker Schaeffler AG, controlled by Germany’s billionaire Schaeffler family, already holds 49.9% of Vitesco, which has seen …
Vitesco shares soar on 3.64 billion euro Schaeffler deal Read More »
(Reuters) – Sterling fell against a strengthening dollar on Monday but was still within striking distance of last week’s 1-1/2 week high as recent economic data provided some reason for optimism about the UK’s economic outlook. The safe-haven dollar rose as increased violence in the Middle East spooked markets, after a blowout U.S. jobs report …
Sterling falls versus dollar but not far from 1-1/2 week high Read More »
By Iain Withers LONDON (Reuters) -Shares in Metro Bank jumped in early trading on Monday, after the embattled British lender struck a fundraising deal overnight to bolster its balance sheet following urgent weekend talks in the wake of volatile trading. Metro announced a 325-million-pound ($396-million) capital raising exercise and a 600-million-pound debt refinancing on Sunday, …
Metro Bank shares jump after deal to bolster finances Read More »
PARIS (Reuters) – France will have enough gas supplies for the winter even in the event of severe cold weather, operators GRTgaz and Terega said on Monday, in a further indication that Europe’s second-biggest economy has managed to diversify its sources from Russia. But ensuring sufficient supplies will require substantial imports of liquefied natural gas …
French gas operators say supplies sufficient for harsh winter Read More »
MADRID (Reuters) -Inflation is expected to stay on its downward trend in the coming months, the European Central Bank’s Vice-President Luis de Guindos said on Monday, but he urged caution due to uncertainty over oil price moves in the wake of events in the Middle East. “The macroeconomic environment is subject to enormous uncertainty… Nobody …
BERLIN (Reuters) – Investor morale in the euro zone fell less than expected at the start of October, with Germany’s economic weakness continuing to drag on the region but expectations rising slightly, a survey showed on Monday. Sentix’s index for the euro zone declined to -21.9 points in October from -21.5 in September, better than …
Drop in euro zone investor mood slows in October – survey Read More »
MILAN (Reuters) – Italian private bank Banca Generali is open to considering acquisitions of small banks and family offices in Italy and Switzerland, its Chief Executive Gian Maria Mossa said on Monday. Banca Generali, which is 50% owned by Italy’s top insurer Assicurazioni Generali, has received the green light from the Swiss regulator FINMA to …
Banca Generali eyes small acquisitions in Italy and Switzerland, CEO says Read More »
By David Lawder and Andrea Shalal MARRAKECH, Morocco (Reuters) – World Bank President Ajay Banga will come under pressure this week to focus on climate change, but the former Mastercard CEO first needs to get shareholders in line on how to grow the bank. Banga, just 130 days into the job, has a mandate to …
World Bank’s Banga faces pressure on resources, shareholder schisms Read More »
