PARIS (Reuters) – French utility EDF should sell more cheap nuclear power to rivals next year to limit the rise in electricity prices, the French energy regulator said on Wednesday. The regulator said the government should set the amount of power EDF will sell to competitors in 2023 at 130 Terawatt-hour (TWH), up from 120 …
EDF should sell more power to rivals in 2023 to limit price hikes -regulator Read More »
LONDON (Reuters) – Manufacturing growth in the euro zone slowed last month as factories faced supply shortages, high prices and a fall in demand, according to a survey which suggested consumers were switching their spending to tourism and recreation. S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) fell to 54.6 in May from April’s 55.5, …
Euro zone factories struggled in May as consumers switched to leisure activities Read More »
LONDON (Reuters) – Russian gas flows to Europe fell on Wednesday after Moscow widened European cuts and halted Dutch, Danish and German contracts over refusals to accept Moscow’s roubles-for-gas payment scheme. Eastbound gas flows via the Yamal-Europe pipeline from Germany to Poland fell on Wednesday but were in line with nominations, or requests, for gas. …
Russian gas flows to Europe fall after Moscow widens cuts Read More »
SAO JOSE DOS CAMPOS, Brazil (Reuters) – Electric aircraft company Eve Holding Inc, which is controlled by Brazil’s Embraer SA, on Tuesday announced a partnership with Porsche Consulting as it looks to define its manufacturing, logistics and supply chain strategies. “Considering advanced manufacturing research and innovation, the companies will combine their aeronautic and automotive expertise …
Brazil’s Eve to partner with Porsche Consulting on manufacturing, logistics Read More »
By Mimosa Spencer PARIS (Reuters) – Spanish fashion and perfume company Puig said on Tuesday it has purchased a majority stake in luxury label Byredo, the latest in a string of acquisitions of niche fragrance and cosmetics labels by larger groups. The transaction comes as cosmetics and fashion groups rush to meet demand for high-end …
(Reuters) – Advisory group PIRC on Tuesday recommended shareholders vote against Centrica’s remuneration policy at the British Gas owner’s annual general meeting to be held on June 7. The Pensions & Investment Research Consultants (PIRC), a major proxy advisory, said it sees the total variable pay for executive directors to be “excessively” high in Centrica’s …
Advisory firm PIRC opposes Centrica remuneration policy Read More »
(Changes third paragraph to clarify that the date for sentencing will be set on Wednesday, not sentencing itself) LONDON (Reuters) -Two company directors behind a fraudulent green investment scheme in Brazil were convicted on Tuesday by a London jury of defrauding about 2,000 investors out of around 37 million pounds ($47 million). Andrew Skeene and …
Two directors of Brazil teak investment firm convicted in London Read More »
By Elvira Pollina and Gianluca Semeraro MILAN (Reuters) -Telecom Italia (TIM) has put a price tag of about 20 billion euros ($21.5 billion) including debt on the landline grid which the former phone monopoly could sell as part of plan to create a unified national fibre company, two sources with knowledge of the matter said …
Italy’s TIM looks for $21 valuation for its grid in single network deal-sources Read More »
(Reuters) -Russian gas flows to Europe directly to Germany and via Ukraine fell on Tuesday morning with Moscow escalating its cuts to European supply as it halted delivery to Dutch trader GasTerra. Requests for Russian natural gas flows to Germany through the Nord Stream 1 pipeline across the Baltic Sea fell to 65,146,776 kilowatt hours …
Russian gas flows to Europe fall as Russia’s gas cuts escalate Read More »
By Sruthi Shankar (Reuters) – UK’s FTSE 100 edged higher on Tuesday as Unilever surged after naming activist investor Nelson Peltz as a board member and oil stocks rallied on the back of a surge in crude prices, helping buck the gloom in broader European markets. The blue-chip index gained 0.2%, hitting its strongest level …
Unilever, oil stocks buoy FTSE 100 amid inflation concerns Read More »
