MILAN (Reuters) – Italy’s biggest bank Intesa Sanpaolo on Friday posted a 2021 net profit of 4.2 billion euros ($4.8 billion) and said it would carry out a 3.4 billion euro share buyback, in addition to 2.9 billion euros cash dividends over 2021 results. Intesa, which will present the new plan to 2025 later on …
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By Huw Jones LONDON (Reuters) – Britain must ditch plans to make regulators “cheerleaders” for global finance and instead focus on promoting financial inclusion at home, consumer campaign groups said on Friday. The finance ministry is reviewing financial rulemaking after Britain’s departure from the European Union, and has proposed giving the Bank of England and …
Don’t make regulators cheerleaders for finance, UK campaign groups say Read More »
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Thursday that wages were rising too fast to get inflation under control, even if many households were facing a squeeze on their finances. Asked by the BBC whether people should rein in their wage expectations, Bailey said: “In the sense of saying, we do …
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MEXICO CITY (Reuters) – Auto parts supplier Bosch is planning to invest $146 million to expand its plant in the central Mexican state of Queretaro, where it will install new high-tech production lines and open a 12,000-square-meter warehouse, it said on Thursday. The world’s largest supplier of auto parts last year announced investments of at …
Auto parts supplier Bosch to invest $146 million in Mexico Read More »
MILAN (Reuters) -Enel’s core earnings rose 6.7% last year lifted by a one-off capital gain and stronger green energy business in North America and Brazil to beat expectations and meet guidance. In preliminary results, Europe’s biggest utility said its ordinary earnings before interest, tax, depreciation and amortisation (EBITDA) were 19.2 billion euros ($22 billion)compared to …
Enel meets targets after earnings rise 6.7% boosted by fiber gain Read More »
By Kate Abnett and Simon Jessop BRUSSELS (Reuters) – Supporters say it’s the world’s most ambitious green investment rulebook and could direct huge sums of money into fighting climate change. Critics say it’s a “greenwashing” exercise that puts the European Union’s climate change targets at risk. So what is the EU’s sustainable finance taxonomy? WHAT …
Explainer-What is the EU’s sustainable finance taxonomy? Read More »
MILAN (Reuters) – Stellantis and unions have agreed to cut 714 jobs at the carmaker’s operations in Italy this year through voluntary redundancies, the UILM union said on Thursday. The deal is similar to one reached by the company in France earlier this week to axe a total of 2,600 jobs via voluntary departures over …
Stellantis, unions agree on over 700 voluntary redundancies this year -UILM Read More »
By Paul Sandle and Dawn Chmielewski LONDON/LOS ANGELES (Reuters) – BT said it would merge its sports TV unit with Discovery’s Eurosport in Britain and Ireland, enabling it to retain Premier League soccer for its customers while sharing the burden of expensive broadcast rights. BT, a former British telecoms monopoly, moved into sport in 2013 …
Britain’s BT still in the game with Discovery sport tie-up Read More »
By Tommy Wilkes and Simon Jessop LONDON (Reuters) – When the East Sussex local authority pension fund in southern England wanted to cut its exposure to fossil fuels, it needed to be sure there were no oil and gas stocks in the benchmarks its passive funds tracked. So the scheme recently swapped 200 million pounds …
Analysis-Asset owners shake up passive funds on the way to going green Read More »
By Maha El Dahan and Andrew Mills DOHA (Reuters) – Qatar has not approached its Asian customers over diverting gas to Europe, QatarEnergy chief and minister of state for energy Saad al-Kaabi told Reuters, adding that if Russia does not supply the region the gap could not be filled by one country. The United States, …
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