(Reuters) -Renault will name an interim CEO next week as it continues to search for a replacement for Luca de Meo, who is to leave the carmaker to head Gucci owner Kering, the Financial Times reported on Wednesday, citing sources. The French carmaker has narrowed its shortlist to internal Renault candidates Denis Le Vot and …
Renault set to name interim CEO next week, FT reports Read More »
A look at the day ahead in European and global markets from Kevin Buckland President Donald Trump may have sent metals traders scampering overnight with his threat of a 50% duty on copper imports, but the overall market reaction to his ever-shifting tariff landscape has been calm and cautious, while certainly not chaotic like what …
Morning Bid: Trump tariff volleys met with caution, not chaos Read More »
(Corrects day in paragraph 1 to Wednesday) (Reuters) – European Union negotiators are closing in on a trade deal with U.S. President Donald Trump that would cement higher tariffs than those granted to the UK, the Financial Times reported on Wednesday. Brussels is ready to sign a temporary “framework” agreement that would set Trump’s “reciprocal” …
Donald Trump deal to leave EU facing higher tariffs than UK, FT reports Read More »
MADRID (Reuters) -Spanish renewable developer Solarig will invest more than 300 million euros ($351.51 million) through the end of the decade to build and operate more than 20 biomethane plants in Italy, it said on Wednesday. The investment will be deployed through the company’s biomethane subsidiary Biorig, which is also developing 20 plants in Spain. …
Spain’s Solarig to invest more than $350 million in biomethane plants in Italy Read More »
By Valentina Za, Tom Sims and Emma-Victoria Farr MILAN (Reuters) -UniCredit increased its shareholding in Commerzbank to 20%, giving the Italian lender a bigger stake in the German competitor as it seeks to win over opposition to a possible takeover of the rival. UniCredit converted derivatives representing around 10% of Commerzbank to shares, doubling its …
Italy’s UniCredit doubles equity stake in Germany’s Commerzbank to 20% Read More »
By James Davey LONDON (Reuters) -British businesses should be legally required to report material cyberattacks to the authorities, the chairman of retailer Marks & Spencer said on Tuesday, claiming two recent major attacks on large UK firms had gone unreported. Giving evidence to lawmakers on parliament’s Business and Trade Committee on the April cyberattack which …
UK companies should have to disclose major cyberattacks, M&S says Read More »
By Sergio Goncalves LISBON (Reuters) -Portugal has no preferred pick among the three major European airlines that have shown interest in the flag carrier TAP, whose partial privatisation the government is due to relaunch soon, Finance Minister Joaquim Miranda Sarmento said on Tuesday. Speaking on the sidelines of a Eurogroup meeting in Brussels, he said …
Portugal has no favourite among 3 airlines interested in airline TAP, says minister Read More »
(Reuters) -Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street bank said on Tuesday, taking a new post a year after he led the Conservatives to a crushing electoral defeat. Sunak, who remains a Conservative member of parliament from a seat in northern England, previously worked …
Former British PM Rishi Sunak rejoins Goldman Sachs as adviser Read More »
LONDON (Reuters) -Britain’s insolvent Lindsey oil refinery has resumed fuel deliveries, a spokesperson for the Department for Energy Security and Net Zero (DESNZ) told Reuters on Tuesday, after a deal to continue short-term crude supply was reached last week. “Deliveries from the Prax Lindsey Oil Refinery have resumed. The Official Receiver is ensuring continued safe …
Britain’s Lindsey oil refinery resumes deliveries, government says Read More »
(Reuters) -The UK’s FTSE 100 closed at a three-week high on Tuesday as a weaker pound lifted shares of international firms, while investors scrutinised ongoing U.S. tariff negotiations. The internationally oriented FTSE 100 rose 0.5% to its highest close since June 17, while the FTSE 250 midcap index gained 0.2%. Major Asian economies Japan and …
FTSE 100 closes at three-week high as investors monitor US trade talks Read More »
