WARSAW (Reuters) -Polish oil company Orlen will build the country’s first small nuclear power plant in the central town of Wloclawek, it said on Thursday, adding that it had reached an agreement with its project partner, chemical company Synthos. State-controlled Orlen, Poland’s largest Polish fuel company, aims by 2035 to have at least two small …
Polish oil company Orlen to build small nuclear power Read More »
(Reuters) -Britain’s car production grew for the second month in a row in July but overall vehicle output fell, hurt by a slump in commercial vehicle manufacturing, data from the Society of Motor Manufacturers and Traders (SMMT) showed on Thursday. “It remains a turbulent time for automotive manufacturing, with consumer confidence weak, trade flows volatile …
UK car production rises for second consecutive month in July Read More »
(Reuters) -British IT firm Softcat lifted its annual profit growth forecast for the third time in six months on Thursday, driven by execution of larger contracts in the fourth quarter. Shares rose 2.3% to 1,600 pence in morning trade and were among the top gainers on the FTSE mid-cap index. The IT services and infra …
UK’s Softcat lifts annual profit forecast for 3rd time in 6 months Read More »
By Kate Holton and Susanna Twidale BRIDGNORTH, England (Reuters) -In the cradle of the industrial revolution, Britain’s only aluminium coil mill has spent millions of pounds to save energy, reduce its carbon footprint and shield itself from some of the highest electricity costs in the world. But when Bridgnorth Aluminium’s electricity use slips below …
Sky-high electricity costs hinder Britain’s net zero mission Read More »
COPENHAGEN (Reuters) -Dairy producer Arla’s sales for the first half of the year rose by 13% though sales of its key products such as Lurpak butter and Castello cheese fell. “High commodity prices and geopolitical uncertainty continued to weigh on consumer sentiment, resulting in a modest decline in branded volumes,” Arla CEO Peder Tuborgh said …
Lurpak maker Arla says softer consumer sentiment hits sales of core products Read More »
LONDON (Reuters) -Barclays has agreed to sell its stake in joint venture Entercard Group to partner Swedbank AB for an estimated 2.6 billion crowns ($273.2 million), the British lender said on Thursday. The sale continues Barclays’ efforts to dispose of non-core operations in recent years. In April it agreed to sell most of its British …
Barclays to sell Entercard stake to Swedbank for $273 million Read More »
FRANKFURT (Reuters) -German generic drugmaker Stada is reviving plans to go public during the autumn if market conditions are supportive, its CEO told news agency dpa on Thursday. “We are preparing an IPO in the autumn, provided the general conditions are right,” Peter Goldschmidt was quoted as saying. Financial advisers told Reuters last month they …
Stada eyes IPO in autumn if conditions are right, CEO tells dpa Read More »
MADRID (Reuters) -Irish budget airline Ryanair plans to cut the number of flights to and from regional airports in Spain in reaction to a fee increase by state-controlled airport operator Aena, Europa Press reported on Wednesday, citing senior executive Eddie Wilson. The airline will officially announce next Wednesday a reduction of its capacity to and …
Ryanair to cut one million more passenger seats in Spain next winter, Europa Press Read More »
(Reuters) -Consultancy and marketing group Next 15 said on Thursday that it will permanently cease operations at its U.S.-based venture-building firm Mach49, which has been under scrutiny for “serious misconduct”. Next 15, which acquired Mach49 in September 2020, said in June it had uncovered “potential serious misconduct” during a review of earnout payments, leading to the …
UK’s Next 15 to shut down Mach49 after misconduct probe and arbitration Read More »
LONDON (Reuters) -Nvidia’s Frankfurt-listed shares fell 2.9% on Thursday, a day after its results came up short of some analyst expectations in its important data centre segment. The chipmaker also said it expects revenue of $54 billion, plus or minus 2%, in the third quarter, compared with analysts’ average estimate of $53.14 billion. The fall …
Nvidia shares fall 2.9% in Frankfurt, day after results Read More »
