By Carolyn Cohn LONDON (Reuters) -Aviva plans to return more cash to shareholders, the British insurer said as it posted a better-than-expected 14% rise in first-half operating profit, sending its shares to the top of the FTSE 100 gainers on Wednesday. Activist investor Cevian Capital, which holds 6% of Aviva’s shares and has called on …
Aviva plans further capital return in boost to shares Read More »
(Reuters) – TP ICAP on Wednesday reported stronger-than-expected half-year profits, benefiting from heightened market volatility amid the Ukraine crisis, sending shares in the world’s biggest inter-dealer broker up nearly 10%. Trading platforms like TP ICAP, which match buyers and sellers, have seen a surge in client activity and volume this year as the Ukraine war …
TP ICAP shares ride high as volatile markets boost profit, revenues Read More »
By Shreyashi Sanyal (Reuters) -European shares edged lower on Wednesday on losses in technology stocks ahead of key inflation data from the United States, while gains in supermarket major Ahold Delhaize kept declines in check. The pan-European STOXX 600 index dipped 0.1%, tracking a second straight session of losses after a strong start to the …
European shares dip as U.S. inflation data looms; Ahold jumps Read More »
OSLO (Reuters) – Norway’s core inflation jumped in July to its highest in more than two decades, exceeding forecasts as the cost of food soared, raising analyst expectations of faster increases to interest rates. The core annual inflation rate, which strips out changing energy prices and taxes, rose to 4.5% in July, up from 3.6% …
Norwegian inflation raises expectations of faster rate hikes Read More »
By Nikolaj Skydsgaard COPENHAGEN (Reuters) -Wind turbine maker Vestas expects to deliver more positive results next year, its chief executive said on Wednesday, as high costs from raw materials and transport, which hit second-quarter results, are passed on to customers. Shares in Vestas rose 4% after the firm said it raised its prices in the …
Wind turbine maker Vestas says price power improving, shares jump Read More »
By Richa Naidu LONDON (Reuters) – As energy bills mount and the threat of rationing increases, some European retailers are turning off lights and considering shorter opening hours this winter. Energy bosses and government officials have urged people and businesses to reduce power use and put in place contingency plans so they are less reliant …
Retailers turn off lights, cut opening hours to save energy Read More »
ATHENS (Reuters) – Greece will exit the European Union’s so-called enhanced surveillance framework on August 20, its finance minister said on Wednesday, a move that will allow the country greater freedom in making economic policy. Greek economic developments and policy have been monitored under the framework since 2018, after Athens exited three international bailouts, totalling …
Greece to exit EU’s ‘enhanced surveillance’ framework after 12 years Read More »
By Isla Binnie, Andres Gonzalez and Pamela Barbaglia LONDON (Reuters) – Spain’s Ferrovial is looking at options for its 25% stake in London’s Heathrow, two sources told Reuters, and has held preliminary talks with external advisers on the future of its holding in Britain’s biggest airport. The early stage discussions come amid interest in Ferrovial’s …
By Daina Beth Solomon MEXICO CITY (Reuters) – Workers at Volkswagen AG’s main Mexico factory have rejected their own union’s deal with management for a 9% pay raise, setting the stage for further talks just as inflation hits a 22-year high. Volkswagen de Mexico on Tuesday said it was committed to “constructive dialogue” with the …
Volkswagen Mexico workers reject union’s 9% raise deal, as inflation climbs Read More »
By Victoria Waldersee and Martin Schlicht SOLTAU, Germany (Reuters) – Shouting over the clanging of machinery, Gerd Roeders is reluctantly preparing for the temporary shutdown of his German aluminium foundry to survive Europe’s growing gas crunch. Roeders is hoping that by moving the 200-year-old plant to three weeks of 24-hour shifts followed by a one-week …
Aluminium foundry fights for survival in European gas crisis Read More »
