(Reuters) – British water industry regulator Ofwat said on Monday it is developing a 100 million pound ($128.31 million) fund to regulate a reduction in water demand across England and Wales. The regulator plans to set the fund in the summer of 2024 and expects it to be operational by April 2025 based on the …
British water regulator launches $128 million fund after Thames Water crisis Read More »
ROME (Reuters) – Italy’s antitrust authority AGCM said on Monday it had closed a probe into several energy groups, including Eni and Exxon Mobil’s ESSO Italiana unit, without imposing any sanctions. The companies, which were under investigation over alleged fuel price violations, have accepted to take a series of actions to address competition concerns, the …
Italy’s antitrust drops fuel prices probe on Eni, Exxon and others Read More »
(Reuters) -Glencore on Monday agreed to buy Canadian miner Pan American Silver Corp’s majority stake in an Argentine copper project for $475 million, as the Swiss commodities giant bulks up red metal that is expected to play a crucial role in the transition to greener economy. Pan American said it will sell a 56% stake …
Glencore to buy Pan American’s Argentine copper mine stake for $475 million Read More »
SANTIAGO (Reuters) – Chilean state copper company Codelco said on Monday it would partner with Anglo-Australian miner Rio Tinto to explore a copper deposit in northern Chile. As part of the agreement, Rio Tinto will buy Pan American Silver’s 57.74% stake in the Agua de la Falda project, located in the Diego de Almagro commune, …
Chile’s Codelco to explore copper deposit with Rio Tinto Read More »
DUBLIN (Reuters) -Accenture plans to cut around 890 jobs from its Irish operations, on top of the 400 staff let go earlier this year, both as part of a round of global job reductions announced in March, the IT consulting firm said on Monday. The announcement represented one of the largest batch of IT layoffs …
IT consulting firm Accenture to cut 890 jobs from Irish operations Read More »
PARIS (Reuters) – Nasdaq-listed Micromobility.com said on Monday it had submitted a non-binding bid to acquire bankrupt Dutch electric bike maker VanMoof Amsterdam for an undisclosed sum. Its initial non-binding bid was positively received and the company is now preparing to present its binding offer, it said in a statement. No financial details were given. …
Micromobility submits bid for Dutch e-bike maker VanMoof Read More »
DUBLIN (Reuters) – Some of the world’s largest aircraft lessors and insurers are aiming to be ready to go to trial in June 2024 over contested insurance claims for aircraft stuck in Russia, a lawyer for one of the lessors said on Monday. Lessors are suing dozens of insurers around the world for billions of …
Aircraft lessors set for June 2024 trial over Russia insurance claims Read More »
By David Latona and Corina Pons MADRID (Reuters) -Spanish chain Melia Hotels International on Monday posted a second-quarter consolidated net profit of 46.2 million euros ($50.9 million), up sharply from just 3.7 million euros a year ago, as the global appetite for travel pushed revenue above pre-pandemic levels. Total revenue from all markets in the …
Melia Hotels quarterly profit soars as revenue tops pre-pandemic levels Read More »
(Reuters) -Shares in Britain’s Dr Martens were trading up about 5% after Sky News reported that activist fund manager Sparta Capital had accumulated stock worth tens of millions of pounds in the bootmaker. The report said that Sparta, launched by Franck Tuil, a former Elliott Management executive, has been engaging with the company’s board in …
Bootmaker Dr Martens gains on report of stake building by activist investor Read More »
By Sachin Ravikumar and Susanna Twidale LONDON (Reuters) – Britain on Monday committed to granting hundreds of licences for North Sea oil and gas extraction as part of efforts to become more energy independent, drawing criticism from environmental campaigners. Prime Minister Rishi Sunak confirmed plans for more than 100 such licences, which attracted bids earlier …
Britain commits to hundreds of North Sea oil and gas licences Read More »
