BERLIN (Reuters) – Oil and gas major Shell plans to put Germany’s sonnen up for sale, German newspaper Handelsblatt reported on Thursday, with the solar storage manufacturer saying it had no comment but was focused on pursuing global growth of its business. Shell paid around 500 million euros ($536 million) for sonnen four years ago, …
Shell puts Germany’s sonnen on the block -report Read More »
PARIS (Reuters) – French Finance Minister Bruno Le Maire said he wanted French oil giant TotalEnergies to maintain a cap on fuel prices beyond Dec. 31, adding his priority was to accelerate the fight against inflation. Le Maire also told Franceinfo radio French inflation was easing but not fast enough. “It’s up to (TotalEnergies CEO) …
France’s Le Maire urges TotalEnergies to maintain cap on fuel prices Read More »
DUBLIN (Reuters) -Smurfit Kappa is in discussions to merge with U.S. rival WestRock, the Irish firm said on Thursday, in a tie-up of two of the world’s largest paper and packaging producers. The combined entity would be named Smurfit WestRock and domiciled in Ireland with its global headquarters in Dublin, Smurfit said in a statement. …
Smurfit Kappa in talks with WestRock to create paper and packaging giant Read More »
By Huw Jones LONDON (Reuters) – Leading users of derivatives markets in the European Union called on the bloc on Thursday to scrap a plan that would force them to shift euro derivatives clearing from London to the EU. The EU has long been irked by the dominance of the London Stock Exchange Group (LSEG) …
Industry bodies urge EU to ditch euro clearing relocation plan Read More »
LISBON (Reuters) – The Portuguese government on Thursday will extend the zero rate of value-added tax (VAT) on basic food staples by two months to the end of 2023 to help families deal with persistent inflation, Prime Minister Antonio Costa said. The government slashed the VAT rate to 0% in April from 6% on a …
Portugal to extend zero VAT rate on basic food until end 2023 Read More »
(Reuters) -Shares in Pets at Home dropped about 13% to a more than seven-month low on Thursday, after the UK’s antitrust watchdog launched a review into the veterinary services market amid concerns that pet owners might not be getting a good deal. Pets at Home, which leads the British pet services market with a 24% …
Pets at Home slips as UK watchdog begins vet services market review Read More »
By Nora Buli OSLO (Reuters) – Britain’s Octopus Energy said on Thursday it is taking a stake in Norway-based offshore wind developer Deep Wind Offshore, with a pipeline of projects in Norway, Sweden and South Korea. Neither party wished to disclose the financial details nor the size of the stake being acquired. The investment is …
Britain’s Octopus Energy invests in Norwegian offshore wind company Read More »
BERLIN (Reuters) – The German economy will contract by 0.4% this year, the Ifo Institute said on Thursday, confirming its previous forecasts published in June. “Contrary to previous expectations, the recovery is likely to fail to materialise in the second half of the year,” said Ifo’s head of forecasts Timo Wollmershaeuser. Ifo is nonetheless sticking …
German economy expected to contract by 0.4% in 2023 – Ifo Read More »
By Carolyn Cohn and Jonathan Saul LONDON (Reuters) -A landmark agreement around jets stranded in Russia is positive for insurers, Lloyd’s of London CEO John Neal said on Thursday as the commercial insurance market reported a first-half profit of 3.9 billion pounds ($4.9 billion). Aercap, the world’s largest aircraft lessor, this week agreed to settle …
Aercap settlement is good news for insurers, Lloyd’s CEO says Read More »
By Emma Rumney LONDON (Reuters) -British American Tobacco said on Thursday it would sell its Russian and Belarusian businesses to a consortium led by its Russian management team, ending an 18-month long process. The maker of Camel and Lucky Strike cigarettes committed to exit Russia, the world’s fourth-largest cigarette market, in March 2022, following Moscow’s …
Tobacco firm BAT sells Russian business to local management Read More »
