(Reuters) – Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) is among parties considering a bid for a 34% stake in Associated British Ports that could be valued at about 2 billion pounds ($2.42 billion) or more, Bloomberg News reported on Tuesday. Stonepeak Partners LP and British Columbia Investment Management Corp are among the other …
PRAGUE (Reuters) – Czech energy group EPH has obtained provisional 15-year new build contracts for a combined 1,700-megawatt power and a 299-megawatt battery storage project at the site of the former Eggborough coal station, the Czech company said on Tuesday. The CCGT power project will be the single largest flexible generation asset to be commissioned …
Czech EPH obtains provisional approval for UK power projects Read More »
By Dina Kartit (Reuters) -French power giant EDF said on Tuesday it signed two new electricity contracts with L’Oreal to help the France-based cosmetics maker achieve carbon neutrality for all its sites by 2025. The contracts include the direct purchase by L’Oreal Group of electricity from renewable sources with EDF Renouvelables under a Corporate Power …
EDF signs deals to help L’Oreal reach carbon neutrality targets by 2025 Read More »
FRANKFURT (Reuters) – Ford, LG Energy Solution and Koc Holding have signed a non-binding agreement to form a joint venture to create one of Europe’s biggest electric vehicle battery cell facilities in Turkey, they said on Tuesday. The agreement comes two weeks after South Korean electric vehicle maker SK On, a unit of SK Innovation …
Ford, LG Energy, Koc Holding team up for Turkish battery cell plant Read More »
By Sarah Mills LONDON (Reuters) – Fashion designer Victoria Jenkins unveiled stylish and practical clothes made for people with disabilities on the runway at London Fashion Week on Friday, in a collection intended to address a gap in the market. The “Unhidden: A New Era in Fashion” event saw around 30 models who all live …
Fashion brand ‘Unhidden’ brings clothes made for all bodies to London Fashion Week Read More »
By Marine Strauss RUNGIS, France (Reuters) – French President Emmanuel Macron said on Tuesday he was in favour of a new gesture on diesel prices, potentially a discount, to help customers grappling with inflation. “We need that indeed, so that all those who work hard and take their car can continue to move forward,” Macron …
France’s Macron wants a new gesture on diesel prices to help citizens with inflation Read More »
STOCKHOLM (Reuters) – Equinor has agreed to sell its South Riding Point oil terminal in the Bahamas to Estonian logistics and investment company Liwathon Group, the Norwegian oil and gas producer said on Tuesday. “Since we bought the South Riding Point terminal in 2009, the flow in the oil market in North America has changed …
Equinor to sell Bahamas oil terminal to Estonia’s Liwathon Group Read More »
By Oliver Hirt ZURICH (Reuters) – The Swiss financial regulator is reviewing remarks made by Credit Suisse Group Chairman Axel Lehmann about outflows from the lender having stabilised in early December, two people with knowledge of the matter have told Reuters. The development sent the embattled bank’s shares downwards on Tuesday, shedding more than 5% …
LONDON (Reuters) – Buoyant services growth meant the recovery in euro zone business activity gathered steam this month, expanding much faster than thought, according to a survey providing the latest evidence the currency union could escape a recession. S&P Global’s flash Composite Purchasing Managers’ Index (PMI), seen as a good gauge of overall economic health, …
Euro zone business growth at 9-month high as services supports -flash PMI Read More »
By Enrico Sciacovelli and Johannes Toft Thyssen (Reuters) -Swiss industrial group OC Oerlikon on Tuesday forecast lower margins for 2023 as its key polymer business combats rising costs tied to inflation and a slow recovery from COVID-19 lockdowns in China, sending its shares down more than 4%. The polymer business, the group’s biggest division by …
OC Oerlikon sees lower margins as key polymer unit faces rising costs Read More »
