By Sam Tobin (Reuters) – Collapsed British energy supplier Bulb’s acquisition by Octopus Energy faces further delays after rival suppliers E.ON, British Gas and Scottish Power told London’s High Court on Tuesday that they are mounting a legal challenge to the deal. Bulb, which had around 1.5 million domestic customers, was one of the largest …
Octopus Energy’s Bulb takeover faces legal challenge from rivals Read More »
BERLIN (Reuters) – German Economy Minister Robert Habeck said on Tuesday he was happy with the 15-year term of a deal struck with Qatar to deliver liquefied natural gas (LNG) to Germany. “Fifteen years is great,” Habeck told a business conference in response to a reporter’s question. “I wouldn’t have had anything against 20 (years) …
German econ minister satisfied with 15-year LNG deal with Qatar Read More »
MILAN (Reuters) – Former Luxottica Chief Executive Andrea Guerra is set to join Prada to help ease a transition at the helm of the Italian luxury goods group between current boss Patrizio Bertelli and 34-year-old son Lorenzo, a source with knowledge of the matter told Reuters. Both Prada and Guerra declined to comment on the …
Former Luxottica CEO Guerra to join Prada – source Read More »
By Supantha Mukherjee STOCKHOLM (Reuters) – More than 1,000 technology startups were created in Europe and Israel by former employees of about 200 venture capital-backed unicorns in the region since the financial crisis of 2008, a report by VC firm Accel showed on Tuesday. After the boom in startups in the last two years, sentiment has …
BUDAPEST (Reuters) – Hungary’s government expects its recovery fund plan to be approved by EU finance ministers at an Ecofin meeting on Dec. 12, its minister in charge of EU negotiations said on Tuesday. The minister, Tibor Navracsics, also said he expects the European Commission will most probably recommend that EU governments suspend 65% of …
Hungary expects EU to approve its recovery plan next month: minister Read More »
By Andrew Mills and Maha El Dahan DOHA (Reuters) -QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements to export liquefied natural gas (LNG) to Germany for at least 15 years from 2026, the first such supply deal to Europe from Qatar’s North Field expansion project. The deal will provide Germany with 2 …
QatarEnergy, ConocoPhillips sign LNG supply deal for Germany Read More »
(Reuters) – Spain’s consumer prices in the 12 months to November rose 6.8%, a slower pace than the previous 7.3% figure marked in October, preliminary data from the National Statistics Institute (INE) showed on Tuesday. The reading was the lowest since January and below the 7.4% forecast by analysts polled by Reuters. Core inflation, which …
Spain’s 12-month inflation slows down to 6.8% in November Read More »
(Reuters) -AstraZeneca will acquire biotechnology company Neogene Therapeutics for up to $320 million, the London-listed drugmaker said on Tuesday, seeking to build its pipeline of cell-based cancer treatments. Though AstraZeneca’s oncology portfolio accounted for more than a third of the company’s revenue last year, it does not have an approved cell-based cancer therapy and is …
AstraZeneca boosts cancer portfolio with $320 million Neogene deal Read More »
(Reuters) – The commodity-heavy FTSE 100 rose on Tuesday with energy and mining stocks leading the rally and mirroring global gains as the possibility of less stringent COVID curbs in China helped lift investor sentiment. The blue-chip FTSE 100 was up 0.5%, tracking Asian and European peers, while the domestically-focused FTSE 250 midcap index slipped …
Hopes of easing Chinese COVID curbs push FTSE 100 higher Read More »
(Reuters) – Energy and healthcare stocks led European shares higher on Tuesday, following a strong handover from Asia where sentiment was boosted by speculation that China could ease COVID-19 curbs after recent protests. The pan-European STOXX 600 index rose 0.3% by 0805 GMT. The index marked its worst session in almost two weeks on Monday …
European shares rise as China COVID optimism lifts mood Read More »
