FRANKFURT (Reuters) – Low water levels on Germany’s main shipping artery, the Rhine, will impact output from a big coal-fired power station east of Frankfurt over the coming month, a note on the website of power bourse EEX showed on Thursday. The Staudinger 5 plant has 510 megawatts of capacity. Is it operated by Uniper …
Low Rhine water level to hit output at Staudinger 5 coal plant Read More »
By Joice Alves LONDON (Reuters) – Sterling edged up on Thursday and traded near its highest level against the euro since April ahead of a Bank of England policy meeting, with the central bank expected to hike interest rates by the most since 1995. The central bank is largely expected to raise rates by 50 …
Sterling nears April high vs euro ahead of BoE meeting Read More »
By Bansari Mayur Kamdar (Reuters) – European shares rose on Thursday following strong results from a slew of companies, with focus squarely on Britain’s central bank that is expected to lift interest rates by the most since 1995. The pan-European STOXX 600 index gained 0.3%, with Germany’s DAX up 0.7%. The Bank of England is …
Robust earnings support European shares; eyes on BoE rate decision Read More »
By David Milliken LONDON (Reuters) – British construction companies reported their biggest fall in activity in more than two years last month, as house-builders scaled back work and civil engineering firms faced a dearth of new contracts, a survey showed on Thursday. July’s S&P Global/CIPS construction Purchasing Managers’ Index (PMI) also showed some easing in …
UK construction activity falls by most in over two years – PMI Read More »
(Reuters) – British outsourcing firm Serco Group Plc raised its annual profit forecast and dividend on Thursday, encouraged by a better-than-expected first-half performance partly driven by more immigration contracts in Australia and the UK. The London-listed company, which provides defence, security, immigration, health and transport services for governments in more than 20 countries, however, said …
UK outsourcer Serco raises dividend, profit forecast after robust H1 Read More »
By Julien Ponthus PARIS (Reuters) -French banking group Credit Agricole’s shares rose sharply on Thursday after it joined rivals BNP Paribas and Societe Generale in announcing better-than-expected quarterly profits driven by buoyant investment banking. Net income was 1.98 billion euros ($2 billion), a figure about 800 million euros higher than the average estimate of analysts. …
Credit Agricole joins French rivals in upbeat Q2, shares jump Read More »
By Carolyn Cohn and Sinchita Mitra LONDON (Reuters) -Phoenix has bought closed life insurer Sun Life of Canada’s UK unit for 248 million pounds ($301 million) in cash, it said on Thursday and its chief executive said the insurer had more than one billion pounds to spend on similar deals. Phoenix specialises in buying and …
British life insurer Phoenix seeks more deals after Sun Life UK buy Read More »
By Tim Hepher PARIS (Reuters) – Airbus has revoked its entire outstanding order from Qatar Airways for A350 jets, severing all new jetliner business with the Gulf carrier in a dramatic new twist to a dispute clouding World Cup preparations, two industry sources said. No comment was immediately available from Airbus or Qatar Airways. The …
Exclusive: Airbus axes remaining A350 jet deal with Qatar Airways – sources Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Wall Street’s most closely watched gauge of market anxiety shows expectations of choppy trading ahead despite a recent snapback in U.S. stocks, though institutional investors’ low exposure to equities may help curb gyrations. The Cboe Volatility Index, an options-based indicator that reflects demand for protection against drops …
Analysis: Wall Street’s ‘fear gauge’ in limbo as big investors keep shunning stocks Read More »
(Reuters) – Lucid Group on Wednesday halved its production forecast for electric vehicles, blaming extraordinary supply chain and logistics challenges, sending its shares down 10% after the bell. The company now expects to produce between 6,000 and 7,000 luxury electric vehicles this year, down from 12,000 to 14,000 units it targeted in February. However, the …
EV maker Lucid halves 2022 production forecast as supply chain snarls hit Read More »
