Reuters UK Business

By Dina Kartit (REUTERS) – French construction materials giant Compagnie de Saint-Gobain on Thursday posted record annual revenue that exceeded analysts’ expectations on strong growth in all its regions and despite higher inflation and concerns over economic growth. Revenue was 51.2 billion euros ($54.15 billion), up 15.9% from 2021. A Refinitiv consensus drawn from 21 …

France’s Saint-Gobain posts record revenue, beats estimates Read More »

BERLIN (Reuters) – Germany would be fine with a Europe-wide ban on Russian gas, but other countries would not, meaning it was better to focus on sealing gaps in the sanctions regime rather than expanding it, Economy Minister Robert Habeck said. Germany companies were no longer using any Russian gas, he said. “So as far …

Germany would have no problem with a Europe-wide Russian gas ban, minister Habeck says Read More »

LONDON (Reuters) -Workers at Drax Hydro Limited which operates power stations across Scotland have voted to go on strike in a dispute over pay, the Unite union said on Thursday. The strike action days are expected to take place from mid-March with Unite making an official announcement next week. Drax Hydro is a part of …

UK’s Drax Hydro workers to go on strike over pay Read More »

By Liz Hampton (Reuters) – U.S. oil and gas producer APA Corp on Thursday said it planned to drop a drilling rig in the North Sea as recent increases to tax rates have made its operations there less competitive. Britain last year announced plans to boost windfall taxes on oil and gas companies following the …

APA to drop a North Sea drilling rig as U.K. tax rate bites Read More »

MADRID (Reuters) – Spain’s Telefonica forecast steady revenue and earnings growth for 2023 to send the telecom firm’s shares higher on Thursday after posting on-target numbers for last year. Telefonica said it expected its overall revenue including its British joint-venture and excluding currency swings and M&A effects, to rise at “a low single digit rate” …

Telefonica hits earnings targets, forecasts steady growth for 2023 Read More »

By Francesca Landini MILAN (Reuters) -Italian energy group Eni said on Thursday its adjusted net profit rose to 13.3 billion euros ($14.12 billion) in 2022, the largest in over a decade, but its shares fell as markets focused on a weaker exploration and production performance in Q4. The state-controlled group’s 2022 performance was boosted by …

Italy’s Eni posts record profit but markets unimpressed Read More »