By Kate Abnett BRUSSELS (Reuters) – European Union countries gave final approval on Tuesday to a landmark law to end sales of new CO2-emitting cars in 2035, after Germany won an exemption for cars running on e-fuels. The approval from EU countries’ energy ministers means Europe’s main climate policy for cars can now enter into …
EU countries approve 2035 phaseout of CO2-emitting cars Read More »
(Reuters) -Credit Suisse Group AG said on Wednesday it has withdrawn certain proposals to the 2023 annual general meeting following the lender’s recent merger with UBS Group AG. The withdrawn proposals includes the discharge of the board of directors and executive board for the financial year 2022. It also withdrew a proposal for a one-time …
Credit Suisse withdraws certain proposals to AGM following UBS merger Read More »
By Johann M Cherian and Shashwat Chauhan (Reuters) -London stocks jumped 1% on Wednesday, as abating fears of a global banking meltdown lifted financial stocks, while real estate stocks bounced back after falling for the last three days. The blue-chip FTSE 100 gained 1.1% on close, rising for the third straight session. Market jitters around …
London stocks finish higher as banking crisis concerns fade Read More »
By John Revill ZURICH (Reuters) – UBS Group AG has rehired Sergio Ermotti as CEO to steer its massive takeover of neighbour Credit Suisse – a surprise move to take advantage of the Swiss banker’s experience rebuilding the bank after the global financial crisis. The trader turned corporate problem fixer faces the tough challenge of …
Sergio Ermotti returns as UBS CEO to steer Credit Suisse takeover Read More »
LONDON (Reuters) – Centrica-owned British Gas will introduce new lower prices for prepayment meter customers from April 1 to make that the cheapest way to buy energy in Britain, it said on Wednesday. Prepayment meters are a type of domestic energy meter which require users to pay for energy upfront by topping up a token …
By James Davey LONDON (Reuters) -British fashion retailer Next reported a better-than-expected 5.7% rise in annual profit on Wednesday and said it would not need to increase prices by as much as previously thought. However, it still expects higher spending on wages, energy and technology to reduce its profit this year, and the retailer’s shares …
Britain’s Next sees lower clothing inflation, shares dip on cautious outlook Read More »
By Sruthi Shankar (Reuters) -European shares rose on Wednesday, echoing an upbeat mood in Asian markets following Chinese tech giant Alibaba’s break-up plans, while strong outlook from chipmaker Infineon and a CEO change at Swiss bank UBS further aided the mood. The benchmark STOXX 600 index rose 0.7%, largely in line with gains in Asian …
European stocks get tech lift, UBS climbs on naming Ermotti as CEO Read More »
FRANKFURT (Reuters) – German unlisted drugmaker Boehringer Ingelheim said on Wednesday its operating income rose 1.4% in 2022, as more prescriptions of diabetes drug Jardiance trumped higher energy costs and the effect of write-downs on development projects. Family-owned Boehringer said in its annual report that full-year operating income came in at 4.77 billion euros ($5.17 …
Boehringer’s profit up 1.4% as Jardiance gains offset impairments Read More »
MOSCOW (Reuters) – Russian property developer Etalon on Wednesday attributed a 332% jump in 2022 net profit to its “favourable” purchase of Finnish competitor YIT’s local assets, becoming a clear beneficiary of the Western corporate exodus from Russia. Scores of foreign companies have left Russia since Moscow despatched tens of thousands of troops into Ukraine …
Russia’s Etalon credits ‘favourable’ Western asset buy for record 2022 profits Read More »
MILAN (Reuters) – Private equity fund L Catterton and the Ontario Teachers’ Pension Plan (OTPP) said they had completed the sale of an around 5.7% stake in Italian cosmetics manufacturer Intercos at a price of 13.25 euros ($14.36) per share. The price represents a 6.8% discount to Tuesday’s closing value of 14.15 euros per share. …
Intercos fund shareholders L Catterton, OTPP sell 6% stake at 7% discount Read More »
