By Vera Eckert, Christoph Steitz and Ron Bousso FRANKFURT/LONDON (Reuters) – Oil majors BP and TotalEnergies emerged as the winners in a 7 gigawatt (GW) offshore wind site auction in Germany worth 12.6 billion euros ($13.96 billion), highlighting the appeal of renewable assets across Europe. The move comes as European oil giants seek to grow …
BP, Total win in $14 billion German offshore wind site tender Read More »
By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) – Caledonia Investments has given prospective buyers until the end of the month to table indicative offers for wealth manager 7IM, two people familiar with the matter told Reuters, in the latest chapter of consolidation in Britain’s money management industry. U.S. investment bank Evercore distributed marketing …
Caledonia Investments solicits bids for $585 million wealth manager 7IM -sources Read More »
By Daniel Wiessner (Reuters) – Twitter Inc on Wednesday was hit with a lawsuit accusing it of refusing to pay at least $500 million in promised severance to thousands of employees who were laid off after Elon Musk acquired the company. Courtney McMillian, who oversaw Twitter’s employee benefits programs as its “head of total rewards” …
Twitter owes ex-employees $500 million in severance, lawsuit claims Read More »
By Amy-Jo Crowley LONDON (Reuters) – European festivals firm Superstruct Entertainment is in the early stages of being prepared for sale by its private equity owner, two people familiar with the matter told Reuters, seeking to cash in on a post-pandemic rebound in live events. Private equity funds have expressed interest in Superstruct in recent …
Exclusive-Live events group Superstruct readied for sale – sources Read More »
By Sam Tobin and Kirstin Ridley LONDON (Reuters) -Barclays on Wednesday won a UK Supreme Court appeal that turned on the extent of banks’ duties to protect customers from fraudsters, in a closely watched decision lawyers say could stem a flood of litigation. Fiona Philipp, a music teacher and long-time customer, sued the bank in …
Barclays wins UK Supreme Court case over push payment fraud Read More »
By Sarah Young LONDON (Reuters) – Britain’s Thames Water is on a more stable financial footing after investors this week pledged a huge cash injection to help manage a debt and environmental crisis, but big improvements are still needed, the regulator said on Wednesday. Concerns about Thames Water’s financial resilience and shareholder appetite to invest …
Thames Water: crisis averted for now, but still work to do Read More »
LONDON (Reuters) – Britain’s economy is so far proving resilient to higher interest rates, but it will take time for the full impact of the climb in borrowing costs to feed through, the Bank of England said in its half-yearly Financial Stability Report on Wednesday. Following are highlights of remarks by BoE Governor Andrew Bailey …
Quotes: Bank of England’s Bailey speaks about UK financial outlook Read More »
OSLO (Reuters) – Norway’s largest bank DNB said on Wednesday momentum was still good across much of the Norwegian business sector as it reported a bigger-than-expected rise in quarterly earnings helped by a robust economy and higher interest rates. Net profit rose 19% to 9.46 billion crowns ($918 million) against analysts’ average forecast of 9.05 …
Norway’s DNB quarterly profit rises on higher rates, strong economy Read More »
By Amruta Khandekar and Matteo Allievi (Reuters) -European shares rose on Wednesday ahead of key U.S. inflation data which will determine whether the Federal Reserve could end its rate hikes soon, while major British lenders climbed after the Bank of England’s stress test. The pan-European STOXX 600 index was up 0.7% by 8:33 GMT, extending …
European shares gain ahead of US inflation data, UK banks shine Read More »
LISBON (Reuters) – The privatisation of Portugal’s state-owned airline TAP will take place before October instead of starting in July as the government had originally planned, Infrastructure Minister Joao Galamba said. In April, the government said that the sale would start in July after two independent advisers established the airline’s value, but state holding company …
Privatisation of Portugal’s TAP delayed, expected ‘before October’ – minister Read More »
