LONDON (Reuters) – Britain will hold yearly auctions to support new renewable projects from 2023, the government said on Wednesday, as it seeks to boost low carbon power production to meet its climate goals. Britain has a target to reach net zero emissions by 2050 and plans to generate 40 gigawatts (GW) of electricity from …
Britain to hold yearly auctions for new renewable projects from 2023 Read More »
By Juliette Portala (Reuters) -British retailer Dunelm announced on Wednesday a second special dividend in less than six months after robust demand for homeware and furniture helped it post a record pretax profit in the first half, lifting its shares. The group, one of Britain’s largest homeware retailers with more than 170 stores and an …
UK’s Dunelm shares up on special dividend, record pretax profit Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Turning around Siemens Gamesa will take time, the CEO of its majority shareholder Siemens Energy said on Wednesday, adding that the latest profit warning from the wind turbine maker was “frustrating”. Siemens Gamesa, the world’s largest maker of offshore wind turbines, is suffering from supply chain issues …
Siemens Energy warns no quick fix for Siemens Gamesa wind turbines Read More »
ATHENS (Reuters) – Greece will subsidise power bills for households and businesses facing soaring energy prices for a sixth consecutive month in February, the energy minister said on Wednesday, taking the total cost of the scheme so far to above 2 billion euros. The government spent about 1.7 billion euros ($1.94 billion) from September till …
Greece says energy financial support since September exceeds 2 billion euros Read More »
By Aby Jose Koilparambil (Reuters) -British homes will likely remain affordable and demand will stay strong despite a climate of rising interest rates, the head of the UK’s largest homebuilder Barratt said on Wednesday. His comment comes amid signs of a possible lull in a housing market boom amid potential rises in mortgage rates and …
British homes to stay affordable despite rising rates, Barratt CEO says Read More »
By Padraic Halpin DUBLIN (Reuters) -Smurfit Kappa expects to increase prices further this year to recover high costs after bumper demand and a 19% jump in prices charged for packaging products delivered record earnings amid “unprecedented cost inflation” in 2021. Europe’s largest paper packaging producer predicted last July that inflation was here to stay and …
Smurfit Kappa sees further price rises after record earnings Read More »
LONDON (Reuters) -Fans of Greggs’ trademark sausage rolls and steak bakes will soon be able to look like their favourite snacks as well as eat them, after the British fast food chain teamed up with Primark to launch a Greggs-themed fashion line. Greggs, which also makes vegan snacks and sweet treats, said the partnership would …
The sausage roll look – Greggs and Primark to launch fashion range Read More »
By Michael Kahn and Jason Hovet PRAGUE (Reuters) – Meera Sankar knew it was time to give up her dream of buying a home in Prague when she looked at a flat barely big enough for one person but carrying a budget-busting price tag. The 31-year-old’s experience is a common one in Prague and other …
Property ladder too high for central Europe’s first-time buyers Read More »
PARIS (Reuters) – Global crop merchant Louis Dreyfus Company (LDC) said on Wednesday it aimed to eliminate deforestation and conversion of native vegetation of high conservation value for agricultural purposes from all its supply chains by the end of 2025. Like other commodity traders, LDC has been working to improve traceability in its soybean sourcing …
Louis Dreyfus targets zero deforestation in supply chain by end-2025 Read More »
By Bart H. Meijer AMSTERDAM (Reuters) -ABN Amro shares fell 4% on Wednesday morning, even though the Dutch bank reported higher-than-expected net profit for the fourth quarter and announced a 500 million euro ($570 million) share buyback. Net profit jumped to 552 million euros in the final three months of 2021 from 54 million euros …
ABN Amro shares down as share buyback underwhelms Read More »
