(Reuters) – Electric carmaker Lucid Group plans to launch luxury sedans in Europe later this year, as the Tesla rival aims to expand its footprint outside the United States amid strong global demand for electric vehicles (EVs). The company will launch its Lucid Air Dream Edition P and R sedans in limited numbers for customers …
EV maker Lucid to launch luxury sedans in Europe in late 2022 Read More »
By Iain Withers and Andres Gonzalez LONDON (Reuters) – The exclusive cadre of landlords that run London’s bustling West End cultural and entertainment district is about to get one smaller. Neighbouring developers Shaftesbury and Capco outlined a 3.5 billion pound ($4.31 billion) merger deal over the weekend, as the threat of recession accelerates a rush …
Analysis: Deal-making frenzy comes to London’s West End Read More »
By Bansari Mayur Kamdar (Reuters) – UK’s FTSE 100 rose on Tuesday, boosted by consumer staples and banking stocks, a day after worries around growing recession risks, higher interest rates, and extended COVID-19 lockdowns in China triggered a bruising selloff on the blue-chip index. The FTSE 100 index climbed 0.7% in morning trade, after falling …
Consumer staples, banks lift UK’s FTSE 100 after sharp selloff Read More »
LONDON (Reuters) – The British pound was little changed on Tuesday, pausing after a slide to its lowest levels in nearly two years on signs that a weakening economy will force the Bank of England to slow its interest-rate hiking cycle. At 0825 GMT, the pound was flat against the U.S. dollar at $1.2328, just …
PRAGUE (Reuters) – Shares in CEZ jumped to their highest level since 2008 after the Czech energy group sharply raised its profit outlook on Tuesday, with rising electricity prices and commodity trading income boosting prospects for a record dividend this year. The company, central Europe’s biggest listed utility, said its first-quarter adjusted net profit jumped …
CEZ shares jump as 2022 profit, dividend outlook brightens Read More »
By Simon Jessop LONDON (Reuters) – BlackRock said on Tuesday it expected to support fewer shareholder resolutions on issues such as climate change in the current season of annual general meetings, as many proposals were too prescriptive. BlackRock, the world’s biggest asset manager, with just under $10 trillion in assets, has moved to strengthen its …
BlackRock to back fewer shareholder resolutions in this AGM season Read More »
By Letícia Fucuchima SAO PAULO (Reuters) -Siemens Gamesa has begun installing a new generation of machines for onshore wind power in Brazil, Felipe Ferres, the company’s general director in the country told Reuters on Monday. Brazil will be the first country in the world to operate Siemens Gamesa wind turbines with 6.2 megawatts (MW) of …
Siemens Gamesa starts to install new generation of wind turbines in Brazil -executive Read More »
By Tim Hepher and Padraic Halpin DUBLIN (Reuters) -Boeing Co was at the centre of a tug of war over the future of its newest jet on Monday as Germany’s Lufthansa ordered the 777X Freighter hours after an influential industry leader questioned the delayed programme’s viability. The U.S. planemaker last month pushed back first delivery …
Air Lease warns on Boeing 777X, Lufthansa places order Read More »
By Tom Käckenhoff and Christoph Steitz DUESSELDORF (Reuters) – Germany’s VNG will transfer euro payments for Russian gas to Gazprombank in the future and expects no problems during a conversion to roubles, it said on Monday, meeting Moscow’s key demands under a fresh payment scheme. VNG’s first detailed comments on the matter come as European …
Exclusive-German gas importer VNG to transfer euros to Russia for payment Read More »
LISBON (Reuters) -The governments of Portugal and Spain will decree on Tuesday the introduction of a Brussels-backed temporary cap on reference prices of natural gas and coal used by power plants, Portuguese Prime Minister Antonio Costa said on Monday. The European Commission agreed two weeks ago to allow the Iberian nations to initially cap prices …
Spain, Portugal to approve gas price cap on Tuesday, PM Costa says Read More »
