BERLIN (Reuters) – Investor morale in the euro zone fell in May to its lowest level since June 2020, a survey showed on Monday, dropping for the third month in a row as the impact of the war in Ukraine on Europe’s largest economy becomes increasingly clear. Sentix’s index for the euro zone fell to …
Euro zone investor morale slumps, recession “becoming visible” Read More »
FRANKFURT (Reuters) – Soaring gas procurement costs in the wake of Russia’s invasion of Ukraine have led Germany regional utility EnBW to raise prices for the fuel by more than a third, it said on Monday. Prices for the basic supply of gas will increase by 34.8%, or 2.92 euro cents per kilowatt hour (kWh), …
Germany’s EnBW hikes gas prices by a more than third on Ukraine war Read More »
BRUSSELS (Reuters) – European Union governments moved closer on Sunday to agreeing tough sanctions against Russia that include a ban on buying Russian oil, but scheduled more talks for Monday to work out how to ensure countries most dependent on Russian energy can cope. Ambassadors of the 27 EU countries have been meeting daily to …
EU edges towards oil sanctions on Russia, no deal yet Read More »
(Reuters) – British real estate firms Capital & Counties Properties and Shaftesbury Plc said they were in advanced talks on a merger that would bring such London tourist destinations as Covent Garden and Soho under one umbrella. Shaftesbury would own 53% and Capco shareholders the remainder in a deal structured as an acquisition of Shaftesbury …
UK property firms Capco, Shaftesbury in talks on reported $4 billion merger Read More »
(Reuters) – Russian gas producer Gazprom said it was supplying natural gas to Europe via Ukraine on Sunday in line with requests from European consumers. Requests stood at 92.1 million cubic metres (mcm) for May 8 compared with 92.4 mcm on May 7. (Reporting by Reuters;Writing in Melbourne by Lidia Kelly;Editing by Elaine Hardcastle)
By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist investor Daniel Loeb, who wants Royal Dutch Shell Plc to break apart, applauded the energy giant’s decision to move its headquarters even as he sticks to views that a different corporate structure would make it more successful. Loeb, who said in October that his hedge fund Third …
Third Point’s Loeb praises Shell moves, sticks by calls for breakup Read More »
(Reuters) – London’s West End focused commercial landlords Capital & Counties Properties Plc and Shaftesbury Plc are in advanced talks about a 3.5 billion pound ($4.32 billion) merger, Sky News reported on Saturday. The companies are in detailed discussions about an all-share tie-up that could be announced within weeks, the report said. As of November, …
UK’s Capco and Shaftesbury in talks about $4 billion merger – Sky News Read More »
ZURICH (Reuters) -The European Central Bank should hike interest rates as many as three times this year to combat inflation, hawkish policymaker Robert Holzmann told the Salzburger Nachrichten paper in an interview. “I think it would be appropriate to take at least two or even three steps. These could be smaller ones, i.e. 0.25 percentage …
Two or three rate hikes this year appropriate -ECB’s Holzmann Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Southwest Gas Holdings reached a settlement on Friday with Carl Icahn that will replace the company’s chief executive and hand as many as four board seats to the billionaire investor. The settlement ends a months-long battle Icahn launched with the Las Vegas, Nevada-based company in October as it …
Southwest Gas settles boardroom battle with Icahn, replaces CEO Read More »
(Reuters) -A consortium led by LA Dodgers part-owner Todd Boehly and backed by Clearlake Capital has won the bid to acquire Premier League club Chelsea in a deal worth up to 4.0 billion pounds, Britain’s Telegraph newspaper reported on Friday. The proposal has now been sent to the government and Premier League for approval. With …
Soccer-Boehly-led consortium wins bid to take over Chelsea Read More »
