BRUSSELS (Reuters) – The European Commission is working on an analysis of a possible European Union target for a 45% share of renewable energy by 2030, up from its current proposed target for a 40% share, a senior Commission official said on Wednesday. “We are working on it full speed to take account, first of …
European Commission analysing higher 45% renewable energy target for 2030 Read More »
By Isla Binnie and Christoph Steitz MADRID/FRANKFURT (Reuters) -Siemens Gamesa is trying to raise wind turbine prices to cope with lofty raw materials costs and iron out complex internal procedures that have delayed new products and helped trigger a huge quarterly loss, Chief Executive Jochen Eickholt said on Wednesday. His comments came after the world’s …
Siemens Gamesa buffeted by rising costs as turbine launch problems deepen Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -Dutch brewer Heineken stuck to its 2022 profit margin forecast on Wednesday after a sharp jump in first-quarter beer sales and prices cheered investors despite added uncertainty from the conflict in Ukraine. Driven by a steady loosening of coronavirus restrictions, particularly in Europe, Heineken’s beer volumes rose by 5.2% on …
BRUSSELS (Reuters) – The euro zone suffered a trade deficit for a fourth consecutive month in February as surging energy prices led to a sharp increase in the value of energy imports, data showed on Wednesday. Eurostat said the non-adjusted trade deficit of the 19 countries sharing the euro was 7.6 billion euros ($8.2 billion) …
Euro zone trade deficit extends to Feb as energy import burden rises Read More »
BRUSSELS (Reuters) – Euro zone industrial production rebounded as expected in February from a January slump thanks to stronger output of consumer goods, which offset declines in the output of energy and capital goods, data showed on Wednesday. The European Union’s statistics office Eurostat said industrial output in the 19 countries sharing the euro rose …
Euro zone Feb production rebounds as expected on consumer goods Read More »
PARIS (Reuters) – French food group Danone said on Wednesday it had no plans to sell any of its three main businesses — dairy and plant-based products, infant formula and bottled water. A group spokesman made the comments when asked about rumours about a possible tie-up between Danone and non-listed French dairy firm Lactalis. Lactalis …
Danone says has no plans to sell any of its three main divisions Read More »
By Anisha Sircar (Reuters) -European shares rose on Wednesday after a few positive earnings reports lifted sentiment, while worries over the Ukraine war, slowing growth and rising yields kept gains in check. The pan-European STOXX 600 ticked up 0.4% after shedding 0.8% in the previous session as European and U.S. bond yields surged on Tuesday …
By Devik Jain (Reuters) -London’s FTSE 100 edged up on Wednesday, led by gains in defensive consumer staples stock as investors gauged developments around Russia-Ukraine crisis, while miner Rio Tinto hit the bottom of the index on downbeat earnings update. The blue-chip index rose 0.2%, with CRH jumping 2.9% to the top of index after …
Consumer staple stocks nudge FTSE 100 higher; miners cap gains Read More »
By Toby Sterling AMSTERDAM (Reuters) -Europe’s biggest meal delivery company Just Eat Takeaway.com is looking at selling U.S. arm Grubhub less than a year after buying it, under pressure from investors to revive its shares amid stiff competition and a fading pandemic boost. In an abrupt turnaround, CEO Jitse Groen said Takeaway had hired banks …
Just Eat Takeaway weighs Grubhub sale as pandemic boost fades Read More »
(Reuters) -Wood Plc said on Wednesday its Chief Executive Officer Robin Watson plans to retire and the British oilfield services and engineering firm also posted a drop in full-year revenue, sending its shares down as much as 6% in early trade. The London-listed company’s revenue for the year ended Dec. 31 was down 14% on …
Wood Plc CEO to retire, reports lower full-year revenue Read More »
