By Suban Abdulla and Aby Jose Koilparambil (Reuters) -British high-end housebuilder Berkeley on Wednesday forecast a 20% drop in sales for the fiscal year that began on May 1, as demand suffers from rising interest rates and tough trading conditions due to inflation. The expected fall would come on top of a 15% decrease …
UK’s Berkeley forecasts 20% drop in house sales as interest rates rises weigh Read More »
By Sarah Young LONDON (Reuters) -Halfords forecast profit would rise 3% in its current financial year, saying its efforts to keep prices low should help it to retain customers squeezed by inflation that limits their power to spend on bikes and motoring. British inflation held at 8.7% in May, according to data released on Wednesday, …
UK’s Halfords expects pricing efforts to drive profits Read More »
LONDON (Reuters) – BP and Orsted have resolved a dispute over an overlapping zone in the UK North Sea between the BP-led Endurance carbon capture project and the Danish firm’s planned Hornsea 4 windfarm, the companies said in a letter published by UK authorities. Britain granted preliminary licences for both proposed projects more than a …
BP, Orsted reach deal over overlap of UK Endurance CCS, Hornsea windfarm sites Read More »
(Reuters) – Retail marketing firm Neptune Retail Solutions will acquire Coupons.com-parent Quotient Technology for $430 million in cash, the companies said on Tuesday. Quotient’s shares jumped about 17% in the early session and were trading 9 cents shy of the $4 offer price. The company had been exploring options that included a sale, Reuters reported …
Neptune Retail to buy Coupons.com-parent for $430 million Read More »
MILAN (Reuters) – Italy’s Brembo is to move its legal headquarters to the Netherlands and strengthen its loyalty share scheme in a move aimed at increasing M&A opportunities, the premium brake maker said on Tuesday. The announcement follows similar moves by other major Italian companies, including Ferrari, Exor, Mediaset and Campari, to establish in the …
Italy’s Brembo to move to Amsterdam to increase M&A options Read More »
By Laura Matthews NEW YORK (Reuters) – Foreign-exchange investors are moving more of their over-the-counter (OTC) derivatives trades to lookalike products on exchanges to avoid higher costs due to recent global regulations, helping inject transparency into a multitrillion-dollar market that is largely hidden from the public eye. The growing interest in clearing trades through an …
Analysis-Forex derivatives nudged out into the open as regulations increase costs Read More »
By Ludwig Burger FRANKFURT (Reuters) -Sanofi said on Tuesday that the International Chamber of Commerce rejected rival drugmaker Boehringer Ingelheim’s (BI) claims to be indemnified by Sanofi in cancer lawsuits linked to heartburn drug Zantac in the United States. Shares in France’s Sanofi, which added that the decision cannot be appealed, gained 2.4% shortly after …
Sanofi says arbitration court rejects Boehringer’s Zantac claims Read More »
SANTIAGO (Reuters) – Chilean miner Antofagasta applied for an environmental permit to extend operations at its Zaldivar copper mine through 2051, the company announced on Tuesday. Antofagasta said its extension plan includes a projected investment of $1.2 billion for the base metals project. The miner is asking regulators to prolong the mine’s operations by 26 …
Chile’s Antofagasta seeks copper mine extension with $1.2 billion investment Read More »
(Reuters) -UBS Group AG faces hundreds of millions of dollars in penalties over Credit Suisse’s mishandling of Archegos Capital, after UK, Swiss and U.S. regulators completed their investigations, Financial Times reported on Monday. UBS has asked the U.S. Federal Reserve, the Swiss Financial Market Supervisory Authority and UK’s Prudential Regulation Authority to publish their findings …
UBS faces big penalty over Credit Suisse’s Archegos failings -FT Read More »
By Vera Eckert and Nora Buli FRANKFURT/OSLO (Reuters) -Nasdaq will transfer its European power trading and clearing business to the European Energy Exchange (EEX), the U.S. exchange operator and EEX announced on Tuesday. Nasdaq will transfer existing open positions in its Nordic, French and German power futures as well as in European carbon emission allowance …
Nasdaq to transfer European power business to EEX bourse Read More »
