By Siddarth S and Shubham Batra (Reuters) -UK’s FTSE 100 had its worst day in over a month on Monday, dragged by a drop in shares of automobiles and parts, while investors awaited key central bank interest rate decisions this week. The exporter-heavy FTSE 100 was down 0.8%, led by a 6.1% decline in automobiles …
FTSE 100 kicks off week on sour note; Mondi jumps Read More »
LONDON (Reuters) -Britain on Monday opened the search for private investment in the Sizewell C nuclear project, inviting potential investors to register their interest. The building of the plant by French energy giant EDF in southeast England, capable of producing around 3.2 gigawatts of electricity or enough to power around 6 million homes, was approved …
UK launches search for private investment in Sizewell C nuclear project Read More »
By Yadarisa Shabong (Reuters) -British insurer Phoenix said on Monday it was on track to deliver positive net fund flows from 2024 for the first time in its history, after net fund flows from new business surged in the first half of 2023. Phoenix, which has historically specialised in managing books of life insurance businesses …
UK insurer Phoenix set to deliver positive net fund flows from 2024 Read More »
FRANKFURT (Reuters) – The European Central Bank’s rate hike on Thursday may have been its last for now but policymakers will need until March to be sure and further rate hikes cannot yet be ruled out, Slovak policymaker Peter Kazimir said on Monday. The ECB raised its deposit rate to a record high 4% last …
ECB may need until spring to conclude that no more hikes are needed: Kazimir Read More »
BERLIN (Reuters) – Germany is likely to generate more than 50% of its power from renewable energy this year but needs to ramp up the speed of its transition towards the end of the decade, Economy Minister Robert Habeck said on Monday. With demand for electricity on the rise, renewables would have to account for …
Germany likely to pass 50% mark for renewable power this year – minister Read More »
KYIV (Reuters) -Ukraine plans to sue Poland, Hungary and Slovakia over bans on Ukrainian agricultural products, Politico quoted Ukrainian Trade Representative Taras Kachka as saying in an interview published on Monday. Restrictions imposed by the European Union in May allowed Poland, Bulgaria, Hungary, Romania and Slovakia to ban domestic sales of Ukrainian wheat, maize, rapeseed …
Ukraine set to sue Poland, Hungary and Slovakia over food import bans Read More »
LONDON (Reuters) -British opposition leader Keir Starmer has promised to improve the country’s trading relationship with the European Union in 2025 if his Labour Party wins the next election. Starmer told the Financial Times he would seek closer ties with the bloc when the partnership comes up for review in 2025 but reiterated that he …
UK opposition leader Starmer vows to improve Brexit deal Read More »
By Mathieu Rosemain LONDON (Reuters) -Societe Generale’s shares plunged more than 6% on Monday after France’s third-biggest listed bank said it expected little if any growth in annual sales over the coming years in a keenly-awaited strategic plan from its new CEO. Slawomir Krupa took over in May, charged with reviving a bank that has …
SocGen shares tumble after new strategy sees little growth Read More »
By Bansari Mayur Kamdar (Reuters) -European shares eased on Monday, after sharp gains last week, as investors braced for a week packed with global central bank meetings, including rate decisions from Norway, Sweden, Switzerland, the UK and the United States. The pan-European STOXX 600 fell 0.4% by 0805 GMT, with healthcare and rate-sensitive technology stocks …
European shares ease, with central banks in focus; Lonza drops on CEO exit Read More »
COPENHAGEN (Reuters) -Denmark’s Orsted said on Monday it has partnered with renewable energy developer Terra Solar to develop a 400 megawatt (MW) portfolio of solar energy in Ireland. The projects have the potential to power over 90,000 Irish homes and are planned to be completed before 2030, Orsted said in a statement. “Ireland has seen …
Orsted to develop 400 MW solar energy projects in Ireland Read More »
