FRANKFURT (Reuters) – Uniper on Monday said it would propose a significant reduction in the dividend it plans to pay out for 2021 compared with a year earlier, citing “a stronger focus on liquidity and investment capacity” as a result of energy market volatility. The company said it would propose a dividend of 7 euro …
Uniper to pay significantly lower dividend to preserve liquidity Read More »
LONDON (Reuters) – Asking prices for British homes posted their fastest annual growth in more than seven years this month, helped by a bounce-back in demand in London ahead of a return to the office for many workers, a survey published on Monday found. Prices of property coming to market rose by 2.3% from January …
London housing market boosted by end of COVID rules, Rightmove says Read More »
By Marwa Rashad LONDON (Reuters) – Global trade in liquefied natural gas (LNG) in 2021 grew 6% year on year to 380 million tonnes as economies recovered from the economic impact of the COVID-19 pandemic, Royal Dutch Shell said on Monday. LNG demand is expected to almost double to 700 mln tonnes by 2040, Shell …
LNG trade grew 6% in 2021 amid gas price volatility, says Shell Read More »
By Stefano Rebaudo (Reuters) – Sterling rose against a weakening dollar and fell versus the euro on Monday as hopes for a diplomatic solution to the Russian-Ukraine standoff boosted risk appetite. The euro rallied, while safe-haven currencies, including the greenback, lost ground after a recent rally amid worries about a Russian invasion. U.S. President Joe …
Sterling rises against dollar as hopes over Ukraine boost risk appetite Read More »
MILAN (Reuters) – Italy’s Industrie De Nora, which makes components to produce green hydrogen, said on Monday it started the procedure for an initial public offering in Milan, which could value the company up to 5 billion euros ($5.7 billion) according to a source. The offering will consist of new and existing shares and the …
Italy’s De Nora seeks valuation up to 5 billion euros in Milan listing – source Read More »
ZURICH/VIENNA (Reuters) – Switzerland’s financial watchdog said it was in contact with Credit Suisse after media outlets published results of coordinated, Panama Papers-style investigations into a leak of data on thousands of accounts held at the bank in past decades. One person leaked the information on the accounts, which were held in decades ranging from …
Giant client data leak puts fresh pressure on Credit Suisse Read More »
BERLIN (Reuters) – Improving demand for services pushed business activity across Germany’s private sector to a six-month high in February, and while manufacturing lagged due to COVID-19 infections among staff the sector also showed signs of recovery, a survey showed on Monday. IHS Markit’s flash services Purchasing Managers’ Index (PMI) rose to 56.6 in February, …
German economy grows at fastest rate for six months in February -PMI Read More »
PARIS (Reuters) – French business activity grew more strongly than forecast in February, according to a monthly survey, helped by an improvement in the country’s COVID-19 situation and stronger demand for goods and services. Data compiler IHS Markit said its flash Purchasing Managers’ Index (PMI) for France’s dominant services industry rose to 57.9 points from …
French business activity grew more strongly than forecast in Feb -PMI Read More »
(Reuters) – European shares rose on Monday, tracking signs of relief in global markets, on investor hopes of a resolution to the Ukraine crisis after U.S. and Russian leaders reportedly agreed in principle to holding a summit on the issue. The pan-European STOXX 600 rose 0.6%, tracking a risk-on tone in markets after U.S. President …
European shares track global markets higher on Ukraine summit optimism Read More »
(Reuters) – UK shares tracked global markets higher on Monday, as hopes of a de-escalation in Russia-Ukraine tensions bolstered appetite for risky assets. The blue-chip FTSE 100 was up 0.6% at 0805 GMT, while the domestically focussed mid-cap index advanced 0.5%. Mining stocks gained 1.2%, tracking copper prices that firmed on support from a weaker …
London stocks rise on potential Biden-Putin summit Read More »
