AMSTERDAM (Reuters) -Throughput at the Port of Rotterdam, Europe’s largest sea port, was down 4.1% in the first half of 2025, it said on Tuesday, with dry bulk falling 8.9% and wet bulk down by 5.3%. Overall volumes stood at 211 million metric tons in the first six months of 2025 compared with 220 million …
Rotterdam port throughput down 4.1% in first half of 2025 Read More »
MILAN (Reuters) -Poste Italiane on Tuesday raised its profit outlook for the current year after it reported better-than-expected second quarter operating profit, boosted by its financial services division. Adjusted earnings before interest and taxes (EBIT) rose by 10.4% to 864 million euros ($1.01 billion), comfortably above a company-compiled consensus of 790 million euros. The state-backed …
Poste Italiane lifts profit outlook after Q2 earnings beat forecast Read More »
By Nerijus Adomaitis OSLO (Reuters) -Norwegian oil firm Vaar Energi said on Tuesday it plans to cut costs and maintain full-year dividend payments of $1.2 billion this year and next, as it reported smaller-than-expected profit growth for the second quarter. Vaar’s earnings before interest and tax for the April to June quarter rose to $1.2 …
Norway’s Vaar Energi to cut spending as profits rise less than forecast Read More »
By Sarah Young and Nina Chestney LONDON (Reuters) -Britain has secured investment for the Sizewell C nuclear plant from Canadian pension fund La Caisse, Centrica and Amber Infrastructure, enabling the government to give the final go-ahead on Tuesday for the 38 billion pound ($51 billion) project. Under the deal, the British state will be the …
UK approves Sizewell C nuclear plant after La Caisse investment Read More »
By Rafal Wojciech Nowak (Reuters) -Givaudan reported slower than expected quarterly organic sales growth on Tuesday, fuelling concerns over moderating demand and sending its shares 6% lower in morning trade. Its organic or like-for-like sales, which are adjusted for currency effects and other one off costs, grew 5.2% in the second quarter, while analysts polled …
Givaudan’s organic sales miss fuels demand concerns, knocking shares Read More »
LONDON (Reuters) -British grocery price inflation rose to 5.2% for the four weeks to July 13, its highest level since January last year, according to data from market researcher Worldpanel by Numerator, adding to pressure on low-income households. The figure is up from 4.7% in last month’s report. Britain is struggling with persistently high inflation, …
UK grocery inflation jumps to 5.2% in four weeks to July 13, Worldpanel says Read More »
By William Schomberg LONDON (Reuters) -Britain borrowed more than expected in June as a jump in inflation pushed up the government’s debt costs, adding to speculation about the need for new tax hikes by finance minister Rachel Reeves later this year. Public sector net borrowing totalled 20.7 billion pounds ($27.9 billion) last month, official data …
UK borrows more as inflation adds to debt bill, and Reeves’ headache Read More »
(Reuters) -Britain’s Kier Group said on Tuesday that its CEO Andrew Davies would be stepping down after more than six years in the role, and named insider Stuart Togwell as his successor. Shares in the infrastructure and construction group, which have fallen almost 50% during Davies’ tenure, dropped 5.6% in early trade. Togwell, the head …
UK’s Kier names insider Togwell as next CEO after Andrew Davies decides to step down Read More »
(Reuters) -British currency risk management company Argentex said on Tuesday that Tim Rudman has resigned as the company’s interim CEO, days after it appointed administrators amid a funding shortfall. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Mrigank Dhaniwala)
By Yadarisa Shabong (Reuters) -Food catering firm Compass has agreed to buy European premium food services business Vermaat Groep for about 1.5 billion euros ($1.75 billion) including debt, it said on Tuesday, marking its largest-ever deal. Compass, the world’s largest catering group, also raised its annual profit forecast after reporting revenue growth of 8.6% for …
UK’s Compass strikes its biggest-ever deal with $1.8 billion Vermaat acquisition Read More »
