LONDON (Reuters) – British government plans to increase a windfall tax on North Sea oil and gas producers would lead to a nearly 12 billion pound ($16 billion) drop in revenue to the state and accelerate a decline in output, an industry group said on Monday. The Labour government, elected in July, has said the …
UK North Sea tax changes mean $16 billion revenue drop, industry body says Read More »
HAMBURG (Reuters) – Germany’s refined sugar production from beets in the new 2024/25 season is forecast to rise to about 4.77 million metric tons, up about 13% from last season’s 4.22 million tons, the WVZ sugar association said on Monday in its first harvest forecast. The country’s farmers increased plantings to 385,000 hectares of sugar …
German refined sugar output expected to rise by 13%, industry group says Read More »
LOVIISA, Finland (Reuters) – Finnish utility Fortum said on Monday it has successfully started using nuclear fuel from U.S.-based Westinghouse Electric as it seeks to replace Russian nuclear fuel at its Loviisa power plant in Finland. “The loading of the new fuel is a significant milestone that guarantees a reliable Western alternative for fuel,” Fortum …
Finland’s Fortum starts using U.S. nuclear fuel in bid to reduce Russian dependence Read More »
By Nell Mackenzie LONDON (Reuters) – Hedge funds continued to take bets against bank and financial stocks in the week to Friday, Goldman Sachs wrote in a note seen by Reuters on Monday, amid reported job cuts and reduced dealmaking. Financial stocks ended the week as the most net sold sector at Goldman Sachs’ prime …
Hedge funds bet against banks, insurance and property, says Goldman Sachs Read More »
LONDON (Reuters) – British factories had their strongest month in more than two years in August as demand at home offset a fall in exports, according to a survey published on Monday that added to signs of momentum in the economy. The S&P Global UK Manufacturing Purchasing Managers’ Index rose to 52.5 from 52.1 in …
UK factories report strongest month since 2022, PMI shows Read More »
LONDON (Reuters) – Euro zone manufacturing activity remained mired in contraction in August, a survey showed on Monday, with the data suggesting a recovery could be some way off as demand fell at its sharpest pace this year. HCOB’s final euro zone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, stood at 45.8 in …
Euro zone August factory activity stuck in a rut, PMI shows Read More »
(Reuters) -UK-focused NEO Energy, which has interests in assets across the North Sea, said on Monday it will slow investment in all projects it has under development, blaming fiscal and regulatory uncertainty in the British oil and gas sector. Environmental statement assessments have been deferred as Britain prepares to consult on new environmental guidelines for …
NEO Energy curbs UK investment over fiscal, regulatory concerns Read More »
By Maria Martinez BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s biggest economy, continued to gather pace in August, a survey showed on Monday. The HCOB final Purchasing Managers’ Index (PMI) for German manufacturing fell to 42.4 in August from 43.2 in July, above a preliminary …
Downturn in German manufacturing accelerates, PMI shows Read More »
ROME (Reuters) – Italian manufacturing activity contracted for a fifth month running in August but at a slower pace than the month before, a survey showed on Monday, suggesting the worst of a long-running factory slump may be over. The HCOB Global Purchasing Managers’ Index (PMI) for manufacturing in the euro zone’s third-largest economy rose …
Italian manufacturing downturn eases in August, survey shows Read More »
PARIS (Reuters) – France’s manufacturing activity contracted at its fastest pace since January in August, as output and new orders fell sharply, a survey showed on Monday. The HCOB France Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped slightly to 43.9 in August from 44.0 in July. Any reading below 50 indicates a …
French factory activity contracts in Aug at fastest pace since Jan, PMI shows Read More »
