By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) – European shares inched higher on Monday, with sustained gains in miners on bets of a demand recovery in China offsetting a fall in industrials and shares of Telecom Italia. The pan-European STOXX 600 index closed 0.1% higher ahead of a slew of economic data due later …
Miners lift European shares, but fall in Telecom Italia caps gains Read More »
By Naomi Rovnick and Kirstin Ridley LONDON(Reuters) – Administrators of Sova Capital, a collapsed London broker formerly controlled by Russian banker Roman Avdeev, are seeking UK court approval to sell a pile of Russian securities to Avdeev in a complex and novel attempt to shift illiquid Russian assets. The case illustrates how Russian and offshore …
UK court to decide fate of Russian securities “trapped” in London Read More »
By America Hernandez PARIS (Reuters) – EDF’s new nuclear plant in southwest England is likely to cost about 2% more than its last budget estimate as inflation propels the price tag to almost 33 billion pounds ($40 billion), EDF documents show. Britain plans to build new nuclear plants to boost its energy security and help …
Cost of EDF’s new UK nuclear project rises to $40 billion Read More »
By Kate Abnett BRUSSELS (Reuters) – Sales of heat pumps rose by well over a third in Europe to hit a record high last year, according to industry analysis published on Monday, after government support and soaring fossil fuel prices boosted uptake of the technology. European Union policmakers are counting on pumps that suck in …
By Shashwat Chauhan and Shristi Achar A (Reuters) -Britain’s FTSE 100 edged up on Monday, as strength in mining stocks lifted the commodity-heavy index, while Frasers Group jumped after the retailer announced a share buyback programme. The blue-chip index closed up 0.1%, trading above the 8,000-point mark. The domestically focussed FTSE 250 midcap index ended …
LONDON (Reuters) – British supermarket group Asda said on Monday retail director Ken Towle is leaving the business less than ten months after starting the job. Asda, owned since 2021 by brothers Mohsin and Zuber Issa and private equity company TDR Capital, said the departure of Towle, who was responsible for the group’s over 600 …
Asda retail boss Towle leaves after less than ten months Read More »
By Ana Mano SAO PAULO (Reuters) – Germany’s Bayer has been ordered by Brazil’s Supreme Court to return to Brazilian soybean farmers the royalties they were charged for a GMO soybean seed, the Mato Grosso farmer lobby Aprosoja-MT said in a statement on Friday. The Feb. 13 ruling by Supreme Court Justice Nunes Marques relates …
Brazil Supreme Court rules Bayer must return $252 million in GMO soy royalties Read More »
LONDON (Reuters) -A former JPMorgan investment manager and an ex-Julius Baer banker were sentenced to a total of 11 years by a London court on Monday for defrauding a Libyan sovereign wealth fund out of millions of dollars. Frederic Marino, 56, and Yoshiki Ohmura, 47, were sentenced in their absence at London’s Southwark Crown Court …
Financiers sentenced to 11 years for defrauding Libya fund – UK court Read More »
By Nell Mackenzie and Elizabeth Howcroft LONDON (Reuters) -Galois Capital hedge fund founder Kevin Zhou said on Monday his flagship fund would close after “losing almost half” of the fund’s money when cryptocurrency exchange FTX collapsed. Zhou’s statement, released on Twitter, confirmed a report in the Financial Times that the hedge fund had decided to …
Galois Capital flagship fund to close after FTX losses Read More »
STOCKHOLM (Reuters) – Telecom gear maker Ericsson plans to cut around 1,400 jobs in Sweden as part of a broader plan that could also result in thousands of job losses in other countries, particularly in the Americas, two sources familiar with the matter said. Ericsson did not immediately respond to requests for comment. (Reporting by …
Ericsson to cut 1,400 jobs in Sweden, sources say Read More »
