BERLIN (Reuters) – There is no need at the moment for relief measures from the European Central Bank in response to the war in Ukraine, the bank’s top supervisor Andrea Enria said, adding that the bank was not planning ‘one-size-fits-all’ restrictions of banks’ dividends. “We will discuss with each and every bank their capital trajectory …
No need for ECB relief response over Ukraine at the moment- Enria Read More »
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -BP shareholders on Thursday backed the energy company’s climate strategy, while fewer investors than last year supported a resolution filed by an activist group urging faster action to battle climate change. The vote at BP’s annual general meeting came as the British government faced growing pressure to …
BP wins shareholder support for climate strategy Read More »
By Joseph Nasr and Markus Wacket BERLIN (Reuters) -Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries of state-owned Gazprom a day after Ukraine stopped a major gas transit route. Gas prices surged, with the key European benchmark gaining 12% as buyers were unsettled by the …
Europe’s gas supply crisis grows after Russia imposes sanctions Read More »
(Reuters) – Russia’s Lukoil has agreed to buy oil major Shell’s Russian retail and lubricants businesses, the companies said on Thursday, as part of the British company’s plans to exit the country following Moscow’s invasion of Ukraine. The deal includes 411 retail stations, mainly located in the Central and Northwestern regions of Russia, and the …
(Reuters) – Deliveroo said on Thursday it has signed an agreement with trade union GMB to give the food delivery firm’s 90,000 self-employed riders in Britain the rights to collective bargaining on pay and consultation on benefits. The British company said a pay floor will be guaranteed to riders as part of the deal and …
Deliveroo’s UK riders win collective bargaining rights under union deal Read More »
By Belén Carreño and Sergio Goncalves MADRID/LISBON (Reuters) – Surging energy prices pushed Spanish inflation to a peak of just under 10% in March, the highest in the euro area and nearly double the 5.3% in neighbouring Portugal – despite the fact the two Iberian economies share a wholesale electricity market. The disconnect lies in …
The inflation quirk that is costing Spain billions Read More »
FRANKFURT (Reuters) – RWE faces a payment obligation for Russian gas at the end of May, its chief financial officer said on Thursday, adding he expected the German government to comment soon on the issue, which has led to confusion among European gas buyers. Speaking to journalists after presenting strong first-quarter results, Michael Mueller declined …
RWE faces payment deadline for Russian gas at end-May – CFO Read More »
LONDON (Reuters) – British consumer spending on credit and debit cards rebounded last week after dipping around the Easter holidays, while restaurant reservations also grew, the Office for National Statistics said on Thursday. Card spending rose to 110% of its February 2020 average level in the week to May 5, the ONS said, up 8 …
UK consumer spending rebounded last week, ONS says Read More »
BERLIN (Reuters) – Volkswagen expects its electric vehicle business to be as profitable as its fossil fuel-burning cars sooner than planned, its chief executive Herbert Diess said on Thursday at the carmaker’s annual shareholder meeting. Volkswagen previously expected to match its profit margins from combustion engine vehicles with electric vehicle sales in two to three …
Volkswagen’s EV business as profitable as combustion engines sooner than planned – CEO Read More »
LONDON (Reuters) – The gloom among people in Britain over their personal finances hit a fresh all-time low in April, according to a survey which added to signs of how households are struggling to cope with a cost-of-living crisis. The monthly consumer sentiment survey from pollsters YouGov and consultancy Cebr showed sentiment around household finances …
UK consumer gloom over finances sinks to new low: YouGov/Cebr Read More »
