By Anousha Sakoui LONDON (Reuters) – Europe’s biggest private equity firm, CVC Capital Partners, is working towards a long-awaited initial public offering in November, a person familiar with the matter told Reuters on Tuesday. A final decision on timing has not been made and could change, said the person, who was speaking on condition of …
CVC gears up for potential November IPO – source Read More »
By Siddarth S and Shubham Batra (Reuters) -Britain’s FTSE 100 eked out some gains on Tuesday after Hargreaves Lansdown’s 2023 earnings estimates lifted investment banking and brokerage services shares, while investors awaited domestic inflation data and key central bank policy meetings. The exporter-heavy FTSE 100 was up 0.1%, while the mid-cap index fell 0.1%. The …
FTSE 100 edges higher ahead of domestic CPI data, Fed policy meet Read More »
(Reuters) – British union Unite on Tuesday said around 85 offshore workers employed by Petrofac on Ithaca Energy’s platforms will strike next month in a dispute over pay and conditions. Unite said members on the FPF1 platform, Alba FSU, Alba North, Captain FPSO, and Captain WPP installations will strike Oct. 1-7. (Reporting by Deep Vakil …
UK’s Unite union says Ithaca offshore workers to strike Oct 1-7 Read More »
ATHENS (Reuters) – Greece plans to list the Athens International Airport, the country’s biggest on the stock exchange next year, its finance minister Kostis Hatzidakis said on Tuesday. “The listing will take place from the beginning of next year,” Hatzidakis told a news conference. Hatzidakis also said that Greece was set to achieve a primary …
Greece plans to list Athens airport on stock exchange next year Read More »
LONDON (Reuters) – Britain remains on course to have the highest inflation of leading rich economies in 2023, according to Organisation for Economic Co-operation and Development forecasts which showed the country’s inflation problem widening compared with most of its peers. Britain’s headline inflation rate was set to average 7.2% over 2023, up from a previous …
UK inflation to be highest among big economies in 2023 – OECD Read More »
By Joanna Plucinska LONDON (Reuters) -Travel group TUI on Tuesday confirmed its full-year results were on track to “increase substantially”, citing a strong summer and an increase in winter bookings, easing investor concerns bout the impact of extreme weather. The news confirmed that the post-pandemic travel boom was still going strong, sending TUI’s shares up …
Tour operator TUI shares soar as it confirms full-year outlook Read More »
BRUSSELS (Reuters) – Euro zone consumer inflation in August was slightly lower than initially estimated, the European Union’s statistics office Eurostat said on Tuesday, but still remained more than twice the European Central Bank’s target. Eurostat said inflation in the 20 countries sharing the euro was 0.5% month-on-month in August and 5.2% year-on-year, lower than …
PARIS (Reuters) – Container shipping giants CMA CGM and Maersk said on Tuesday they will cooperate in efforts to reduce emissions in the sector, including by supporting the use of methanol and aiding research into potential fuels like ammonia. The shipping industry is grappling with which fuels and vessel technology to adopt on a large …
Shipping rivals CMA CGM, Maersk to collaborate on green fuels Read More »
OSLO (Reuters) – Britain’s Octopus Energy has acquired a 10% stake in the Borssele III & IV offshore wind farm in the Dutch North Sea for an undisclosed sum, part of a wider $20 billion offshore wind investment plan, the company said on Tuesday. The wind farm, with an installed capacity of 732 megawatts (MW), …
Britain’s Octopus Energy buys 10% stake in Dutch offshore wind farm Read More »
By Ron Bousso LONDON (Reuters) -BP on Tuesday appointed Kate Thomson as interim chief financial officer to take the place of Murray Auchincloss who became interim CEO last week. The reshuffle follows the abrupt departure of CEO Bernard Looney last week after he did not fully disclose past relationships with colleagues. Thomson, who joined BP …
BP names Kate Thomson as interim CFO in post-Looney reshuffle Read More »
