Reuters UK Business

By Amy-Jo Crowley and Andres Gonzalez LONDON (Reuters) – Telefonica and Liberty Global are preparing to invite bidders for a 25% stake in Britain’s largest telecoms tower company as they seek to cash in on part of their investment, according to two sources familiar with the matter. While a decision on Cornerstone Telecommunications Infrastructure Limited’s …

Cornerstone owners plan to sell 25% of mobile mast firm- sources Read More »

By Bart H. Meijer AMSTERDAM (Reuters) – Dutch electricity grid operator TenneT will explore the possibility of a full sale of its German operations to the German state to ensure sufficient investment in networks in both the Netherlands and Germany, it said on Friday. TenneT, which operates the Dutch high-voltage grid and part of the …

Dutch grid operator TenneT to explore sale of German unit to Berlin Read More »

(Reuters) – Finnish insurer Sampo on Friday reported a bigger-than-expected drop in fourth-quarter earnings citing challenging capital markets environment, sending its shares falling more than 5%. The group’s profit before tax fell 67% to 390 million euros ($418.43 million) in the quarter, missing analysts’ 553-million-euro estimate in a company-provided poll. Sampo also said it expected …

Finnish insurer Sampo misses profit forecast in volatile market Read More »

By Tommy Wilkes LONDON (Reuters) – European banks risk jeopardising the path to net-zero carbon emissions and the growth of renewable energy unless they stop directly financing new oil and gas fields this year, investors managing assets worth more than $1.5 trillion said on Friday. ShareAction said it had made the demand in letters sent …

Investors urge European banks to end new oil and gas financing Read More »

SINGAPORE (Reuters) – First Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, said on Friday it was not currently evaluating an offer for Britain’s Standard Chartered, the second time it has quashed reports of an imminent bid. News of the potential offer first came on Jan. 5, when FAB said it had considered …

First Abu Dhabi Bank reiterates not eyeing offer for Standard Chartered Read More »

(Reuters) – European shares retreated on Friday and were poised to snap a three-day winning streak as traders gauged the prospects of a prolonged global monetary policy tightening, while German footwear maker Adidas’ dour forecast also dampened sentiment. The pan-European STOXX 600 was down 0.6% by 0815 GMT, after touching a near one-year high on …

European shares dip as rate jitters resurface; Adidas slides on weak forecast Read More »

MOSCOW (Reuters) – Russia will cut oil production by 500,000 barrels per day, or around 5% of output, in March, Deputy Prime Minister Alexander Novak said on Friday, after the West slapped price caps on Russian oil and oil products. The G7, the European Union and Australia agreed to ban the use of Western-supplied maritime …

Russia to cut oil output by 500,000 bpd in March Read More »