AMSTERDAM (Reuters) -ING Groep NV on Thursday reported a better-than-expected fourth-quarter net profit of 1.09 billion euros ($1.20 billion) on lower loan loss provisions but shares in the Netherlands’ largest bank fell on its 2023 guidance. Net profit topped the 1.03 billion euros expected by analysts, Refinitiv Eikon data showed, and was up from 945 …
ING profits grow, shares fall 5% on 2023 guidance Read More »
By Kate Abnett BRUSSELS (Reuters) – European Union regulators have launched a new reference price for liquefied natural gas (LNG), as part of plans to cap benchmark gas prices if they surge like they did last year after Russia curbed supply. The reference, based on global LNG prices and published late Wednesday, will be used …
EU launches global LNG reference price as gas cap looms Read More »
LONDON (Reuters) – Heathrow Airport said chief executive John Holland-Kaye would step down at some point this year, leaving after nine years as the boss of Britain’s biggest hub. The board has started a process to select his successor, it said on Thursday. (Reporting by Sarah Young, Editing by Paul Sandle)
(Reuters) – British meat producer Cranswick said on Thursday trading was robust in December, as people thronged supermarkets for gourmet and ready-to-eat meat during the festive season. The company, which supplies pork and poultry to most UK major supermarkets including Tesco, said its third quarter saw all product categories ahead of year-ago levels in its …
UK sausage maker Cranswick enjoys strong festive sales Read More »
(Reuters) -Bunzl Plc on Thursday agreed to new contract terms with Walmart, its largest customer by revenue, to keep supplying distribution services across North America, sending the British business supplies distributor’s shares up 3%. Bunzl, who has been working with Walmart for over 20 years and has been in negotiations with the supermarket giant from …
UK’s Bunzl signs new distribution deal with Walmart, shares jump Read More »
By Huw Jones LONDON (Reuters) – Investment firms and brokers in Britain teamed up on Thursday to back a new standalone retail platform to strengthen access for small investors to the UK capital market. Investment bank Peel Hunt’s REX distribution platform will become a standalone business known as RetailBook in the second half of 2023, …
Brokers team up on new platform to boost retail interest in UK capital markets Read More »
By Ron Bousso LONDON (Reuters) – Oil major Shell has been accused of misleading investors over its renewable energy spending plans in a complaint filed with the U.S. securities regulator by activist group Global Witness. Like other leading European energy companies, Shell is aiming for rapid expansion of its low-carbon and renewables business as part …
Activist group accuses Shell of misleading investors on renewables Read More »
By Nerijus Adomaitis and Vladimir Soldatkin OSLO (Reuters) -Norway’s Equinor said European Union sanctions had prevented it from providing services and equipment to inspect the damaged Nord Stream gas pipelines last year, revealing for the first time why Norwegian assistance was not forthcoming. In September, several unexplained underwater explosions ruptured the Nord Stream 1 and …
Norway’s Equinor says sanctions prevented it helping on Nord Stream Read More »
MADRID (Reuters) – Pilots for Spanish airline Iberia Regional Air Nostrum have “overwhelmingly” voted to go on an indefinite strike amid a wage dispute with the company, Spain’s largest airline pilots’ union said on Wednesday. SEPLA said that 92% of its members voted to back the action, which seeks to “counteract the continuous blockade that …
Pilots at Iberia’s Air Nostrum vote to go on indefinite strike Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Deutsche Telekom, Orange, Telefonica and Vodafone’s plan to take on Big Tech with their own advertising joint venture is set to win unconditional EU antitrust approval, people familiar with the matter said. The joint venture marks the telecoms sector’s first attempt to take on Meta and Alphabet’S Google in …
Exclusive-European telecoms’ advertising venture set for EU approval -sources Read More »
