By James Davey LONDON (Reuters) -British home improvement retailer Kingfisher reported first quarter sales significantly ahead of its pre-pandemic performance, helped by strong “grow your own” plant sales and other garden products. The group, which owns B&Q and Screwfix in Britain and Castorama and Brico Depot in France and other markets, said on Monday both …
UK’s Kingfisher boosted by ‘grow your own’ plant sales Read More »
FRANKFURT (Reuters) – Fixing all the operational issues at struggling wind turbine maker Siemens Gamesa will take several years, the chief executive of main shareholder Siemens Energy told journalists on Monday. The comments by Christian Bruch came after Siemens Energy presented a 4.05 billion euro ($4.29 billion) takeover bid for the 33% it does not …
Turning around Siemens Gamesa will be ‘multi-year’ exercise – Siemens Energy CEO Read More »
(Reuters) – HSBC Holdings has suspended its head of responsible investing pending an internal investigation after he said central bank policymakers and other global authorities are exaggerating the financial risks of climate change, the Financial Times reported on Sunday citing people with knowledge of the process. HSBC senior banker Stuart Kirk made the comments at …
HSBC suspends banker after climate risk comments-FT Read More »
By Sabine Siebold DAVOS, Switzerland (Reuters) -Russia would normally have its own “house” at the World Economic Forum as a showcase for business leaders and investors. This year the space on the dressed-up main street in Davos has been transformed by Ukrainian artists into a “Russian War Crimes House”, portraying images of misery and devastation. …
Ukraine top of the agenda in Davos as business leaders gather Read More »
COPENHAGEN (Reuters) – Danish engineering group Topsoe plans to build Europe’s biggest plant making electrolysers – machines that produce the green hydrogen considered a cornerstone of the shift to cleaner energy. Hydrogen is categorised as green when made using renewable power, and is seen as critical in helping to decarbonise hard-to-transition industries such as steelmaking …
Denmark’s Topsoe plans Europe’s largest electrolyser plant Read More »
By Ludwig Burger and Christoph Steitz FRANKFURT (Reuters) -Siemens Energy on Saturday launched a 4.05 billion euro ($4.28 billion) bid for minority holdings in struggling wind turbine unit Siemens Gamesa, hoping to remove a complex ownership structure that has weighed on its shares. The bid at 18.05 euros per share constitutes a premium of 27.7% …
Siemens Energy launches $4.3 billion bid for remaining Siemens Gamesa stake Read More »
PRAGUE (Reuters) – The Czech central bank will likely raise interest rate further in June if data from the economy are in line with the bank’s latest macroeconomic forecast, Governor Jiri Rusnok said on Sunday. “If the current forecast is being confirmed, the probability is high,” he said in a Czech Television debate. Rusnok, who …
Czech central bank chief: rates likely to rise in June if forecast confirmed Read More »
(Reuters) – HSBC Holdings CEO Noel Quinn says his bank will not be distracted from its ambition to lead the global economy in the transition to net zero, after a senior executive said central banks had exaggerated the financial risks of climate change. In a LinkedIn post on Saturday, Quinn said the senior banker’s remarks were …
HSBC banker’s remarks on climate risk inconsistent with strategy, CEO says Read More »
By Terje Solsvik OSLO (Reuters) – Russia’s Gazprom on Saturday halted gas exports to neighbouring Finland, in the latest escalation of an energy payments dispute with Western nations. Gazprom Export has demanded that European countries pay for Russian gas supplies in roubles because of sanctions imposed over Moscow’s invasion of Ukraine, but Finland refuses to …
Russia stops gas flows to Finland over payments dispute Read More »
By Stephen Jewkes and Markus Wacket MILAN/BERLIN (Reuters) – Germany and Italy told companies they could open rouble accounts to keep buying Russian gas without breaching sanctions against Moscow following discussions with the European Union, sources said. The debate over Russia’s demand that foreign buyers pay for gas in roubles has tested the resolve of …
Germany and Italy approved Russian gas payments after nod from Brussels – sources Read More »
