By Juliette Portala (Reuters) – BP said on Tuesday it was aiming to accelerate its goal to reach net-zero emissions by 2050 as the British energy giant seeks to shift away from fossil fuels and boost its renewable energy capacity. The company, which two years ago started on the biggest revamp in its history, now …
(Reuters) – British renewable power generator and network operator SSE Plc on Tuesday upgraded its outlook for full-year 2021/22 adjusted earnings to at least 90 pence from at least 83 pence, the company said in a third-quarter trading update. “This reflects the strength and stability provided by SSE’s balanced mix of regulated and market-facing businesses, …
MADRID (Reuters) – Spanish fashion retailer Tendam is considering launching an initial public offering in Madrid in a deal that would value the company at 2 billion euros ($2.28 billion), newspaper Cinco Dias reported on Tuesday citing unidentified market sources. Tendam’s shareholders, buyout funds PAI and CVC, also evaluate selling the company, Cinco Dias added. …
Spanish fashion retailer Tendam sees 2 billion euro valuation in IPO, Cinco Dias says Read More »
LISBON (Reuters) – Vodafone’s Portuguese unit said on Tuesday a hacker attack overnight had disrupted its services but assured its customers that their personal data had not been compromised as a result of the incident, which is under investigation. Vodafone Portugal said in a statement its system faced technical problems on Monday evening, with thousands …
Vodafone Portugal hit by hackers, says no client data breach Read More »
BERLIN (Reuters) – German autos supplier Continental wants to make its automated driving business more independent and is considering a partial IPO, Handelsblatt reported on Tuesday, citing anonymous sources. The Autonomous Mobility division of the company’s automotive segment is to become its own legal entity from Jan. 1, 2023, but an IPO could also be …
Continental considers partial IPO of automated driving business – Handelsblatt Read More »
STOCKHOLM (Reuters) -Swedish Security services group Securitas reported on Tuesday a rise in fourth-quarter profit and said demand for airport security, which plunged early in the pandemic, was recovering. Securitas, which expects to finalise a $3.2 billion deal to buy Stanley Black & Decker’s electronic security solutions arm in the coming months, said operating profit …
Securitas’ profits grow as airport security demand picks up Read More »
(Reuters) – UK homebuilder Bellway on Tuesday said it was still on track to deliver 10% annual output growth, helped by persistently strong demand, staving off concerns that a housing market boom had started to fade amid a growing cost-of-living squeeze. Cheap loans and government support measures have propped up the under-supplied UK housing market …
UK’s Bellway staves off concerns on housing demand easing Read More »
By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN (Reuters) – Danske Bank said on Tuesday it will recommend veteran German banker Martin Blessing as its new chairman, tasked with increasing profitability and steering the Danish lender through one of the world’s biggest money laundering scandals. Denmark’s biggest lender said current Chairman Karsten Dybvad, a former head …
Danske Bank recommends veteran German banker Blessing as new chairman Read More »
STOCKHOLM (Reuters) -Volvo Cars will invest 10 billion crowns ($1.1 billion) in its manufacturing plant in Gothenburg in the next few years to prepare for production of fully electric cars, it said on Tuesday. The investment follows an announcement by Volvo and battery maker Northvolt last week to build a joint battery plant in Gothenburg, …
Volvo Cars to invest $1.1 billion in Swedish plant for switch to EVs Read More »
OSLO (Reuters) -Norwegian oil services firm Aker Solutions raised its 2022 revenue outlook on Tuesday and said its earnings margin is likely to increase this year while order intake is headed for a record high, sending its shares sharply higher. The company now expects revenue to rise by more than 20% to at least 35 …
Norway’s Aker Solutions raises outlook, shares soar Read More »
