(Reuters) -Wincanton’s shares plunged as much as 35% on Tuesday as the logistics company warned of materially lower profit in 2024 after it lost a major British government contract. At 0912 GMT, the shares dropped by 35% to 198.2 pence, touching their lowest since October 2020. The company said the HM Revenue and Customs (HMRC) …
Wincanton shares dive 35% after major contract loss prompts profit warning Read More »
BERLIN (Reuters) – Germany will stick with its constitutionally enshrined debt brake, which was restored this year, as continuing with expansive fiscal policy would have caused the economy to lose its resilience, the finance minister said on Tuesday. In many places in the European Union and Germany, there is no lack of money but a …
German finance minister: government is sticking with debt brake Read More »
(Reuters) – John Wood Group said on Tuesday it was considering rejecting the latest buyout proposal from private-equity firm Apollo Global Management Inc, citing that the offer undervalued the British oilfield services and engineering company. The proposal by Apollo on March 6 was a cash offer valuing the company at 237 pence per share, or …
Britain’s Wood Group considers rejecting buyout proposal from Apollo Global Read More »
By Pavel Polityuk KYIV (Reuters) -Ukraine has started online talks with partners on extending the Black Sea Grain Initiative aimed at ensuring Kyiv can keep shipping grain to global markets, a senior Ukrainian government source said on Tuesday. The source said Ukraine had not held discussions with Russia, which blockaded Ukrainian Black Sea ports after …
Kyiv holding online talks with partners on grain export deal extension – source Read More »
COPENHAGEN (Reuters) -Norwegian hydrogen company Nel late on Monday said it had raised 1.61 billion Norwegian crowns ($154.70 million) through a private placement of 108 million new shares at 14.90 crowns per share, a 9% discount to the stock’s closing in Oslo. Nel intends to use the net proceeds from the private placement to partially …
Hydrogen company Nel raises $155 million from share sale Read More »
By Padraic Halpin DUBLIN (Reuters) -Bank of Ireland will more than triple returns to shareholders this year, it said on Tuesday as the lender laid out plans for substantial further growth on the back of rising interest rates and a strengthening Irish economy. Ireland’s largest lender by assets will return 350 million euros ($267 million) …
Bank of Ireland to boost shareholder returns in growth push Read More »
LONDON (Reuters) – Double Eight Ltd has filed a legal action against the London Metal Exchange (LME), London court filings showed on Tuesday, which did not give further details. (Reporting by Eric Onstad, Editing by Louise Heavens)
By Yadarisa Shabong (Reuters) -Ashtead Group forecast annual results ahead of its own estimates and raised capital spend outlook for the next year as the equipment rental giant bets that the Inflation Reduction Act (IRA) will boost construction in the U.S., its largest market. The Biden administration’s $430-billion IRA, a green energy subsidy package, and …
Ashtead hikes capital spend on bets US subsidy packages to lift rental equipment demand Read More »
By Nikolaj Skydsgaard COPENHAGEN/STOCKHOLM (Reuters) -Carlsberg’s shares slipped on Tuesday after the Danish brewer said its CEO Cees ‘t Hart had decided to retire after eight years and that a search for his successor was underway. Hired in 2015, partly to help restore sluggish sales in its Eastern Europe division, including Russia, Hart has successfully …
Carlsberg CEO Hart’s retirement plan triggers share fall Read More »
By Linda Pasquini (Reuters) -HelloFresh forecast 2023 profit below analysts’ expectations on Tuesday, sending its shares down as much as 12.7%, as fewer people order its meal kits in reopening economies and as inflation trims household budgets. Meal kit and food delivery firms were among the big winners of the pandemic lockdowns, but with food …
HelloFresh shares drop as profit outlook disappoints Read More »
