(Reuters) – Britain’s Serica Energy cut its 2025 production outlook on Wednesday, after a hit from a temporary slowdown in output at the Triton floating production storage and offloading vessel, sending its shares down nearly 14%. Serica said production from the Triton vessel has been curtailed due to “vibration issues in the compression trains,” adding …
UK’s Serica Energy cuts annual production outlook, shares drop Read More »
By Melanie Burton MELBOURNE (Reuters) -Top global miner BHP’s focus on expanding its own copper assets while it undergoes leadership change means it is unlikely to gatecrash the planned $53 billion tie-up of Anglo American and Teck Resources, investors and bankers said on Wednesday. London-listed Anglo American and Canada’s Teck Resources announced a merger on …
BHP seen as unlikely to pounce on Anglo or Teck as it eyes organic growth Read More »
ZURICH (Reuters) -A clear majority of Swiss voters support a new deal that deepens the country’s economic ties with the European Union following the shock and uncertainty caused by U.S. tariffs on Switzerland, a survey showed on Wednesday. Published by newspaper Blick, the survey by polling firm GFS Bern of around 1,000 respondents showed that …
Swiss voters backing new EU deal 2-1 after U.S. tariff shock: survey Read More »
(Reuters) -Italy’s energy company Edison on Wednesday signed an agreement with Shell to purchase liquefied natural gas (LNG) from the United States, expanding its long-term portfolio. The Italian subsidiary of France’s EDF will receive around 0.7 million tonnes per annum of LNG starting in 2028 and continuing for up to 15 years, it said in …
Edison to buy U.S. LNG from Shell in 15-year deal starting 2028 Read More »
(Reuters) – British home improvement retailer Wickes Group reported a nearly 17% rise in half-year profit on Wednesday, underpinned by membership growth in its loyalty programme for trade professionals and increased do-it-yourself sales. Wickes maintained its forecast for annual adjusted pre-tax profit, in line with analysts’ estimate of 48.2 million pounds ($65.20 million), according to …
British retailer Wickes’ half-year profit rises on strong retail sales Read More »
By Kirsty Needham SYDNEY (Reuters) – Australia said it will spend A$1.7 billion ($1.1 billion) on a fleet of “Ghost Shark” autonomous undersea vehicles, developed by its defence force and U.S. startup Anduril Industries, for surveillance and strikes. Defence Minister Richard Marles told reporters on Wednesday the Ghost Shark will complement Australia’s navy surface fleet …
Australia to spend $1.1 billion on Anduril undersea drone fleet Read More »
GDANSK (Reuters) -Poland’s biggest energy utility PGE reported a second-quarter net loss of 9.61 billion zlotys ($2.65 billion) on Tuesday, in line with the company’s estimates as impairments on its tangible assets took a toll.WHY IT’S IMPORTANT PGE is the biggest state-controlled Polish utility, with market capitalisation of 24.83 billion zlotys. The substantial loss, driven …
PGE swings to quarterly net loss on asset write-downs Read More »
A look at the day ahead in European and global markets from Kevin Buckland Rising equities and falling bond prices portray the market’s sanguine view on monetary policy, with a rate cut at next week’s Fed meeting not only seen as a sure thing but also having decent odds for being a super-sized one. Wall …
Morning Bid: Specter of stagflation clouds Fed cut optimism Read More »
By Max A. Cherney SAN FRANCISCO (Reuters) -Arm Holdings said on Tuesday it was launching its next-generation set of chip designs called Lumex that it has optimized for artificial intelligence to run on mobile devices such as smartphones and watches without accessing the internet. Called Lumex, the new generation of Arm mobile designs come in …
Arm launches new generation of mobile chip designs geared for AI Read More »
By Ateev Bhandari and Harshita Meenaktshi (Reuters) – Buy-now, pay-later lender Klarna said on Tuesday it has raised $1.37 billion in its U.S. initial public offering, setting the stage for a market debut that could set the trend for high-growth fintech listings. The Sequoia Capital-backed Swedish company and some of its existing investors sold 34.3 …
Klarna raises $1.37 billion in US IPO, boosting fintech hopefuls Read More »
