Reuters UK Business Archives - Page 3165 of 3179

Aurubis confirms 85% quarterly profit rise, raised earnings forecast

7 Feb 2022 7 Feb 2022

HAMBURG (Reuters) -Aurubis AG, Europe’s largest copper producer, on Monday confirmed an 85% rise in quarterly profits and reiterated increased full-year earnings estimates as high metal prices and strong output boosted results. Aurubis reaffirmed operating earnings before taxes (operating EBT) in the first quarter of its 2021/22 financial year ending Dec. 31 of 152 million …

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GlobalWafers aims for March decision on greenfield expansion

7 Feb 2022 7 Feb 2022

TAIPEI (Reuters) – GlobalWafers Co Ltd said on Monday it aims to decide by the end of March on a new greenfield site as part of a $3.6 billion expansion plan put in place after its failed takeover of Germany’s Siltronic. GlobalWafers said on Sunday it expected its total capital expenditure to reach T$100 billion …

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Exclusive-ECB’s Kazaks says July rate hike is unlikely

7 Feb 2022 7 Feb 2022

By Francesco Canepa FRANKFURT (Reuters) – The European Central Bank could end its stimulus programme earlier than planned but it is unlikely to raise its main interest rate in July as investors are expecting, ECB policymaker Martins Kazaks told Reuters. Investors have brought forward their bets on the bank’s first rate hike in more than …

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Exclusive-ECB’s Kazaks says July rate hike is unlikely

7 Feb 2022 7 Feb 2022

By Francesco Canepa FRANKFURT (Reuters) -The European Central Bank could end its stimulus programme earlier than planned but it is unlikely to raise its main interest rate in July as investors are expecting, ECB policymaker Martins Kazaks told Reuters. Investors have brought forward their bets on the bank’s first rate hike in more than a …

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Dolce&Gabbana takes perfumes and cosmetics business in-house

7 Feb 2022 7 Feb 2022

ROME (Reuters) – Italian luxury group Dolce&Gabbana has set up a new company to directly manage the development, production and sale of its perfumes and cosmetics, Chief Executive Alfonso Dolce said on Monday. The move to bring in-house a multi-million business, which is key for many fashion houses but often managed through licensing, is the …

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LV= chairman to step down amid takeover approach by Royal London

7 Feb 2022 7 Feb 2022

LONDON (Reuters) – Britain’s LV= said on Monday its chairman Alan Cook would step down after members of the mutual life insurer voted in December to reject a takeover approach by private equity giant Bain Capital. Cook will be replaced in April by Seamus Creedon as part of a wider board reshuffle, the company said. …

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Shares in care homes company Korian drop as lawyer says she is preparing lawsuit

7 Feb 2022 7 Feb 2022

PARIS (Reuters) -Shares in French care homes company Korian slid lower on Monday after a Paris lawyer said she was preparing a group lawsuit against the company. Lawyer Sarah Saldmann told FranceInfo radio over the weekend that she had received “dozens of complaints” by relatives of people living in elderly care facilities run by Korian, …

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Oil complex eyes potential conclusion of U.S.-Iran nuclear talks

7 Feb 2022 7 Feb 2022

(This Feb 6 story has been refiled to fix typo in the lead) By Laura Sanicola (Reuters) – New signals that talks between U.S. and Iranian officials may be nearing a conclusion could take steam out of the oil rally, traders said, after U.S. and Brent crude reached multi-year highs on Friday. Anticipation that Washington …

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Spotify CEO condemns Rogan over racial slurs, but won’t silence him

7 Feb 2022 7 Feb 2022

By Bhargav Acharya and Shivani Tanna (Reuters) – Spotify Chief Executive Officer Daniel Ek said on Sunday he “strongly” condemns racial slurs and other comments made by popular U.S. podcaster Joe Rogan but will not be removing him from the platform. Ek’s comments, sent in a letter to staff seen by Reuters, come on the …

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Europe’s carbon price nears the 100 euro milestone

6 Feb 2022 6 Feb 2022

By Nina Chestney, Kate Abnett and Susanna Twidale LONDON/BRUSSELS (Reuters) -The price of permits in the European Union’s carbon market closed at a record high above 96 euros on Friday, with analysts expecting the symbolic 100 euro level could soon be breached. Known as the EU emissions trading system (ETS), Europe’s carbon market compels factories, …

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