(Reuters) – French nursing care provider Orpea had its accelerated safeguard plan approved on Monday by a court, the company said in a statement, a key step in the financial restructuring of the heavily indebted group. The Nanterre Commercial Court’s decision should enable the implementation of an agreement signed in February with a group of …
By Khushi Singh and and Shashwat Chauhan (Reuters) -The UK’s FTSE 100 edged higher on Monday supported by gains in energy stocks, while a jump in software firm Ocado Group offset losses in travel stocks as airlines lost ground after Ryanair flagged travel demand concerns. The exporter-heavy FTSE 100 was up 0.2%, while the more …
UK’s FTSE 100 edges higher on gains in energy shares Read More »
By David Milliken LONDON (Reuters) – Britain’s private sector is growing at its weakest pace in six months in July, as orders for businesses stagnate in the face of rising interest rates and still-high inflation, a survey showed on Monday. The S&P Global/CIPS composite Purchasing Managers’ Index (PMI) showed a preliminary reading of 50.7, down …
UK firms grow at slowest in 6 months as rate hikes weigh: PMI Read More »
By Amanda Cooper LONDON (Reuters) – The pound headed for a seventh straight day of losses on Monday against the dollar, its longest losing streak since the onset of the pandemic in 2020, after a survey showed Britain’s private sector growing at its slowest pace in six months in July. The S&P Global/CIPS composite Purchasing …
Sterling heads for longest run of daily losses since 2020 Read More »
(Reuters) – Centrica and Britain’s Yorkshire Water have signed a 15-year agreement to offtake biomethane production and manage its shipping and trading from two plants developed by SGN Commercial Services, the companies announced on Monday. (Reporting by Eva Mathews in Bengaluru; Editing by Savio D’Souza)
COPENHAGEN (Reuters) – Denmark’s Orsted has agreed to divest its remaining 25% stake in London Array Offshore Wind Farm in Britain to funds managed by Schroders Greencoat for 717 million pounds ($922.85 million), the energy company said in a statement on Monday. Orsted expects to close the deal at the end of July, the group …
Orsted divests remaining stake in London Array for $922 million Read More »
By Amanda Cooper and Jesús Aguado LONDON/MADRID (Reuters) – Spanish blue-chip shares dropped Monday after a snap general election at the weekend yielded no clear winner, with investors punishing banks and utilities in particular. Spain faced political gridlock on Monday after the right-wing parties failed to clinch a decisive victory and no clear winner emerged …
Spanish banks, utilities clobbered as election rattles investors Read More »
ZURICH (Reuters) -Swiss wealth manager Julius Baer on Monday reported a jump in money inflows and hiring in the months after it was announced that Credit Suisse would be rescued by larger rival UBS. In the first half of 2023, Switzerland’s newly crowned number 2 bank saw assets under management grow 4% to 441 billion …
Julius Baer H1 profit boosted after UBS, CS tie-up Read More »
(Reuters) -British advertising group M&C Saatchi Plc said its Chief Executive Moray MacLennan, the last founding member still at the advertising group, will step down at the end of September. MacLennan, 61, who has been with the company since its inception in 1995, became CEO in 2020 and through various roles had overseen the group’s …
UK’s M&C Saatchi’s co-founder and CEO Moray MacLennan to step down Read More »
By Naomi Rovnick, Stefano Rebaudo LONDON (Reuters) -The European Central Bank looks set to pull the rate-hike trigger on Thursday, but what it will do after July is less certain and financial markets are craving some guidance. Euro zone interest rates have risen 400 basis points in the last year to 3.5%, their highest in …
