By Isla Binnie and Andres Gonzalez (Reuters) – Spain’s Repsol is struggling to find buyers for a minority stake in its new renewable energy arm, with investors wary of the size and structure of a deal that would limit their say in key decisions, three sources familiar with the matter told Reuters. Repsol is selling …
Repsol struggles to tempt buyers to renewables unit – sources Read More »
By Christoph Steitz and Ilona Wissenbach FRANKFURT (Reuters) -HeidelbergCement can match or even exceed last year’s growth in 2022, and will likely unveil more ambitious CO2 reduction targets at a capital markets day in May, its chief executive told Reuters. Dominik von Achten, who has led the world’s second-largest cement maker for two years, said …
HeidelbergCement CEO optimistic for 2022, flags new CO2 roadmap Read More »
LONDON (Reuters) -The British government will step in to take the sting out of rising energy prices, finance minister Rishi Sunak said on Thursday, setting out a series of financial support schemes. Energy prices for millions of British households are set to soar from April after the energy regulator said it would increase its price …
UK’s Sunak sets out financial support to help with energy bills Read More »
BERLIN (Reuters) – Increasingly stringent state rules around the world have made takeovers in the high-tech sector more difficult, said German microchip maker Infineon’s chief marketing officer. “It lengthens the time until a green light is given and involves considerable uncertainty,” Helmut Gassel said on Thursday. Governments reserved the right to audit even the smallest …
State controls are hindering tech M&A, says Infineon CMO Read More »
BERLIN (Reuters) – Tax breaks that Germany plans to extend to offset the economic impact of COVID-19 will shave an estimated 11 billion euros ($12.4 billion) off fiscal revenues by 2026, according to a draft bill seen by Reuters on Thursday. The bill, which is still under discussion within the government, would this year extend …
Planned COVID-related tax breaks could cost Germany 11 billion euros by 2026 Read More »
By Huw Jones LONDON (Reuters) -The European Union’s securities watchdog on Thursday launched a review of the bloc’s fast growing but largely unregulated market for environmental, social and governance (ESG) ratings on companies. Trillions of dollars have flowed into sustainable investments globally, using ESG ratings on companies as a guide of their ‘green’ credentials. “This …
EU securities watchdog launches review of ESG ratings sector Read More »
By Isla Binnie MADRID (Reuters) -Wind turbine maker Siemens Gamesa pledged a “reset” on Thursday, introducing a new chief executive to try to revive its fortunes after a series of losses which have drawn painful scrutiny from parent Siemens Energy. The northern Spain-based company blamed the latest in a series of losses on long-standing supply …
Siemens Gamesa sets out move to “reset” by replacing CEO Read More »
LONDON (Reuters) – British finance minister Rishi Sunak will announce a 9 billion pound ($12.20 billion) package of loans and tax rebates later on Thursday, the Times newspaper reported ahead of an announcement in parliament at around 1130 GMT. ($1 = 0.7380 pounds) (Reporting by William James; Editing by Kate Holton)
By David Milliken LONDON (Reuters) – Britain’s services sector picked up sooner than expected last month after a big hit from the Omicron wave of COVID-19 cases, but record price rises are likely to alarm the Bank of England, which is expected to raise interest rates later on Thursday. The IHS Markit/CIPS Purchasing Manager’s Index …
UK services sector shows Omicron recovery in January Read More »
BRUSSELS (Reuters) – Euro zone producer prices surged at a record rate in December, as expected, on soaring energy costs, data showed on Thursday, pointing to continued pressure on already record high consumer inflation. The European Union’s statistics office Eurostat said prices at factory gates in the 19 countries sharing the euro rose 2.9% month-on-month …
Euro zone producer prices in record surge in Dec due to energy Read More »
