AMSTERDAM (Reuters) – The European Union’s gas price cap, which launches next month, could trigger abrupt changes in the market and impact financial stability, the bloc’s financial market regulator said in a draft report seen by Reuters. EU countries agreed in December to a gas price cap that, from next month, would kick in if …
EU markets watchdog says gas price cap could hit financial stability Read More »
(Reuters) – Proxy advisor Glass Lewis recommended Capricorn Energy’s shareholders vote to overhaul its board, including the chief executive, and against its proposed merger with Israel’s NewMed Energy, activist investor Palliser said on Monday. The recommendations come ahead of meetings on Feb. 1, where Capricorn shareholders will cast votes on the proposed merger a few …
Glass Lewis recommends vote against Capricorn board, NewMed merger -Palliser Read More »
LONDON (Reuters) – Barclays has appointed former HSBC banker Marc Moses to its board as one of two fresh appointments following the retirement of two directors who have served their tenure, the British bank said on Monday. The other new appointee to the board is John Kingman, chair of insurer L&G, who will take over …
Barclays adds former HSBC banker Marc Moses to its board Read More »
By Jan Schwartz HAMBURG (Reuters) -Volkswagen’s energy and charging division is keeping all options open for the long-term structure of the business, including a possible listing, the division’s chief Elke Temme said in an interview with Reuters. The division, like all the carmaker’s unlisted brands and its battery business PowerCo, is going through the motions …
Volkswagen keeping IPO option open for charging, energy business – division chief Read More »
(Reuters) – Shell Plc said on Monday its QGC business, which develops methane reserves within Queensland, planned to offer additional gas for the Australian market, amounting to about 8 petajoules (PJ) for delivery in 2023. Shell’s offer comes on the heels of a legislation passed by the Australian government that set a price cap on …
Shell to offer additional gas delivery for Australian customers in 2023 Read More »
LONDON (Reuters) – Sterling hit a seven-month high against the dollar in Asian hours on Monday supported by economic data that showed the British economy was performing better than feared and that also drove expectations of more interest rate increases. The pound hit $1.24475 in early trading on Monday, its highest level since June 10, …
Sterling touches seven-month peak in early trade Read More »
MILAN (Reuters) – Shares in Intesa Sanpaolo rose 3% in early trade on Monday after Italy’s top bank reassured investors on its capital buffers and ability to reward investors as planned, despite supervisory concerns over internal models to assess risks. Intesa said late on Friday it would end the year with a core capital ratio …
Shares in Italy’s Intesa rise after reassurances on capital, paybacks Read More »
LONDON (Reuters) – Britain’s farming union accused the boss of Tesco, the country’s biggest supermarket, of living in a “parallel universe” after he said food companies may be using inflation as an excuse to hike prices further than necessary. Official inflation data for December published last week showed food prices 16.8% higher than a year …
Tesco boss in ‘parallel universe’ over price rises, says UK farmers’ chief Read More »
(Reuters) -The world’s largest economy hitting its debt limit is fraying confidence, just as some of the biggest names in the U.S. corporate landscape get ready to report results. Global business activity data will provide the latest insight into how protracted a slowdown could prove, Britain’s FTSE flirts with record highs and Japan, New Zealand …
(Reuters) -British holidays group Saga Plc said on Monday it was in discussions to sell Acromas Insurance Co, the underwriting unit of its wider insurance division, to help pay down its debt. Saga’s insurance division – the largest business of the group – has been grappling with rising claims, which led to a half-year loss …
UK’s Saga in talks to sell underwriting business Read More »
