LONDON (Reuters) – Britain’s accounting watchdog proposed on Wednesday that auditors publish indicators of how well they are performing in a bid to raise standards after a string of corporate failures. The collapse of builder Carillion, retailer BHS and cafe chain Patisserie Valerie threw a spotlight on audit quality, prompting the government to propose a …
UK watchdog proposes auditors publish quality indicators Read More »
By Olivier Sorgho (Reuters) -Belgium’s Umicore plans to invest around 5 billion euros ($5.25 billion) by 2026 to capitalise on the shift towards electric vehicles, the maker of chemicals and battery materials said on Wednesday, jolting investors and sending shares tumbling 15%. The investments will be mostly used to boost Umicore’s battery recycling and rechargeable …
Umicore’s ‘all in’ bet on battery materials knocks shares Read More »
By Sruthi Shankar (Reuters) -European stocks hit fresh one-year lows on Wednesday as a fall in oil and metal prices hurt commodity-related stocks, while surging UK inflation revived worries about slowing global growth. Global equities stabilised in the past two sessions after a volatile selloff last week on fears that aggressive tightening measures by central …
European stocks resume selloff on sliding commodities, inflation worries Read More »
By Federico Maccioni and Gianluca Semeraro MILAN (Reuters) -Leonardo’s U.S.-based electronics unit, DRS, has agreed to buy Israel’s RADA Electronic Industries, the Italian defence group said on Tuesday, paving the way for the combined business to list on the Nasdaq stock exchange. Shares in Leonardo rose as much as 9.7% on the news, making it …
Leonardo’s DRS to land on Nasdaq with RADA takeover Read More »
By Rachel More and Stine Jacobsen BERLIN/COPENHAGEN (Reuters) -Germany faces certain recession if faltering Russian gas supplies stop completely, an industry body warned on Tuesday, and Italy said it would consider offering financial backing to help companies refill gas storage to avoid a deeper crisis in winter. European Union states from the Baltic Sea in …
Germany risks recession as Russian gas crisis deepens Read More »
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – The North Sea’s biggest oil and gas producer, Harbour Energy, has told the British government that Britain’s planned windfall tax on the energy sector will shrink the company’s investment in the country. With oil and gas prices soaring and households feeling the hit from higher prices …
Harbour Energy CEO warns of lower UK investment due to windfall tax Read More »
By Sergio Goncalves LISBON (Reuters) – Portugal has picked 51 consortia to invest a total of 7.57 billion euros ($8 billion) in green and other innovative projects over the next four years as part of the European Union’s recovery programme. Prime Minister Antonio Costa said on Tuesday the selected projects would be able to use …
Portugal picks companies for $8 billion investment in green projects Read More »
By Kylie MacLellan and Farouq Suleiman LONDON (Reuters) -Tens of thousands of workers walked out on the first day of Britain’s biggest rail strike in 30 years on Tuesday, with millions of passengers facing days of chaos as both the unions and government vowed to stick to their guns in a row over pay. The …
UK’s biggest rail strike in 30 years disrupts travel, PM Johnson vows to stay firm Read More »
By Andrew Mills, Yousef Saba and Hyunjoo Jin DOHA (Reuters) -Elon Musk, CEO of Tesla, said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted a U.S. recession was more likely than not. His remarks were his most detailed explanation of job …
Anticipating US downturn, Elon Musk details Tesla staff cuts Read More »
DUBLIN (Reuters) – Carrefour’s chief executive said global inflation is here to stay and that the supermarket chain is well placed to manage it due to its mix of businesses and experience in dealing with rapid inflation in South America. “We have strong discipline of course, it’s very important in this moment and we are …
Carrefour CEO says well placed to deal with sustained inflation Read More »
