By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Siemens Energy on Monday blamed a 200 million euro ($204 million) charge related to the wind-down of its Russian business for a wider net loss in 2022, but said it was still prepared to maintain turbines for the Nord Stream 1 Russian gas pipeline. The supplier of …
Siemens Energy blames Russia restructuring for wider 2022 loss Read More »
LONDON (Reuters) -Shareholders of UK investment trust Trian Investors 1 Ltd (TI1) have voted to remove Chris Sherwell as the firm’s chair after criticism from activist investors over various governance issues. Shareholder advisory firm Glass Lewis had backed a call by shareholders Global Value Fund, Invesco, Janus Henderson and Pelham, which together hold around 40% …
Shareholders vote to oust chair of Trian UK investment firm Read More »
(Reuters) -German chemicals group Evonik Industries said on Monday it was substituting up to 40% of natural gas at its domestic sites, as the energy-intensive sector prepares contingency plans in case of Russian gas supply cuts. German chemical companies, which are highly dependent on Russian gas imports, are scrambling to prepare for further gas supply …
Evonik to substitute up to 40% of natural gas at its German sites Read More »
By Shreyashi Sanyal (Reuters) -European shares rose on Monday, lifted by cyclical and growth stocks, after clocking falls in the previous week when a strong U.S. jobs report rekindled bets of another aggressive rate hike by the Federal Reserve. The pan-European STOXX 600 index added 0.5%, steadying after snapping two weeks of gains on Friday. …
European shares bounce back from U.S. jobs report hammering Read More »
(Reuters) -PageGroup noted a “slight slowing in time to hire” in July across some of its markets as economies deal with high inflation and risks of a slowdown, although the global recruitment firm said on Monday its annual profit would be in line with market expectations. Shares in the company, which owns brands such as …
PageGroup signals slower hiring in some markets, shares fall Read More »
BERLIN (Reuters) – Investor morale in the euro zone was essentially unchanged in August from the previous month, with a slight rise too little to stave off fears of recession in the 19-country currency bloc, a survey showed on Monday. Sentix’s index for the euro zone inched up to -25.2 points from -26.4 in July. …
Euro zone investor morale edges up, recession still likely – Sentix Read More »
By Huw Jones LONDON (Reuters) – Britain’s accounting watchdog said on Monday it had fined auditor PwC 1.75 million pounds ($2.12 million) after it failed to properly challenge UK telecoms group BT once a half-a-billion pound fraud was discovered in BT’s Italian operations. BT’s full-year financial statement for the year ended March 31, 2017, had …
PwC fined $2 million over BT audit after fraud discovered in Italy Read More »
HAMBURG (Reuters) – Water levels on the Rhine in Germany fell again during hot dry weather over the weekend and cargo vessels cannot sail fully loaded, vessel brokers and commodity traders said on Monday. Shallow water is causing problems for shipping on the entire river in Germany. The Rhine is one of the key channels …
Rhine level in Germany falls again, ships only part-loaded Read More »
MILAN (Reuters) – Consultancy Martingale Risk has defended the merit of legal claims it has filed against Monte dei Paschi di Siena (MPS) on behalf of investors in the Tuscan bank, after the lender said last week the claims lacked grounds. In an emailed statement to Reuters, Martingale Risk CEO Marco Fabio Delzio said comments …
Martingale defends merit of claims against Monte dei Paschi Read More »
BUDAPEST (Reuters) -Hungary has fined Ryanair 300 million forints ($780,000) after a consumer protection investigation into the airline passing on the cost of a special tax levied on the industry, the justice minister said on Monday. Nationalist Prime Minister Viktor Orban’s government in May announced a tax worth 800 billion forints on “extra profits” earned …
Hungary fines Ryanair $780,000 in consumer protection probe -minister Read More »
