By Ron Bousso LONDON (Reuters) – Shell again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance. The strong results cap a dramatic recovery in 2021 for Shell and the oil and gas sector …
Shell ends 2021 on high note, hikes dividend and boosts buybacks Read More »
By Joseph White and Kannaki Deka (Reuters) -Aptiv Plc on Thursday said global auto production should rise by 6% in 2022, and forecast revenue will grow 8 to 10 percentage points faster, but warned supply chain bottlenecks and rising materials costs will be a drag on results. “Inflationary effects are likely to be around for …
Auto supplier Aptiv sees 2022 rebound; inflation will squeeze results Read More »
BERLIN (Reuters) – Britain should respect post-Brexit trade rules or else face consequences, a German official said on Thursday as British Prime Minister Boris Johnson said it was “crazy” to have checks on goods heading from Britain only to Northern Ireland. Tensions over the Northern Ireland protocol, signed as part of Britain’s exit from the …
Play by Brexit rules or face consequences, German official warns Britain Read More »
MILAN (Reuters) – The transition to electric vehicles will put around 73,000 jobs at risk in Italy, metal workers’ unions and a lobby group said on Thursday, calling on the government to start discussions on measures to support the automotive industry. Analysts say the auto sector in Italy could be hit harder than elsewhere because …
Electric car transition puts over 70,000 jobs at risk in Italy, unions and lobby say Read More »
By Kate Holton and Susanna Twidale LONDON (Reuters) -Energy prices for millions of Britons will soar from April after a 54% hike to the regulatory price cap, forcing the government to stump up 9 billion pounds ($12 billion) of fresh support for already cash-strapped households. Responding to the record global gas prices that have sent …
Britain scrambles $12 billion to soften 54% household energy price blow Read More »
By Huw Jones LONDON (Reuters) – Leaving critical insurance capital rule changes to ‘conservative’ regulators may not free up the billions of euros needed for the European Union economy to recover from COVID-19 and meet climate goals, a senior EU lawmaker said on Thursday. The EU has proposed a package of changes to the bloc’s …
EU lawmaker warns ‘conservative’ regulators not to hold back insurers Read More »
ZURICH (Reuters) – Siemens is ramping up its spending on research and development above its rivals, Chief Executive Roland Busch will tell the German engineering group’s shareholders next week. The maker of trains and factory automation software will spend 5.5 billion euros ($6.21 billion) developing new products and services this year, Busch will say, according …
Siemens to increase research and development spending – CEO Read More »
MILAN (Reuters) -Italian challenger bank Banca CF+, backed by U.S. hedge fund Elliott Management, could consider a bourse listing in the next five years, its chief executive said on Thursday. The specialist lender, formerly known as Credito Fondiario, sees opportunities to expand its business product offering through acquisitions, CEO Iacopo De Francisco told a press …
Elliott-backed Italian challenger bank CF+ eyes IPO in future Read More »
By Susanna Twidale LONDON (Reuters) – Energy prices for millions of British households are set to soar from April after the country’s regulator Ofgem said on Thursday that it would raise its cap on the most widely used tariffs by 54% due to record global gas prices. The rise comes amid record global gas prices …
Factbox-Europe’s efforts to shield households from soaring energy costs Read More »
By Joseph White DETROIT (Reuters) – Auto technology supplier Aptiv PLC and Volkswagen AG’s Audi brand are investing a combined $285 million in vehicle software company TTTech Auto, giving the Austrian firm a valuation of $1 billion, the companies said. TTTech Auto designs software that auto manufacturers can use to manage data flowing from sensors …
Aptiv, Audi invest $285 million in software company TTTech Auto Read More »
