COPENHAGEN (Reuters) -Danske Commodities CEO Helle Ostergaard Kristiansen will step down to become head of the gas and power unit of parent group Equinor, the trading house said on Tuesday. Danske Commodities’ Chief Financial Officer Jakob Sorensen, who joined the company 20 years ago as a power trader, will take over as new CEO as …
Equinor picks CEO of energy trader as new head of gas and power division Read More »
By Kate Abnett and Bart H. Meijer LUXEMBOURG (Reuters) -The European Union should be open to resuming Russian natural gas imports if a peace deal is reached between Russia and Ukraine, an Austrian official said, as Brussels readies a proposal to ban Russian imports. The European Commission is set to propose legal measures on Tuesday …
EU should consider resuming Russian gas imports if Ukraine peace reached, Austria says Read More »
(Reuters) -A restructuring plan proposed by struggling British discount retailer Poundland will see the closure of 68 stores and rent reductions across other locations, it said on Tuesday. Last week, Warsaw-listed Pepco Group sold the Poundland business to Gordon Brothers for a nominal sum, with the buyer pledging to invest 80 million pounds ($108 million) …
Britain’s Poundland to close 68 stores in restructuring plan Read More »
By Nick Carey and Gilles Guillaume LONDON (Reuters) -Luca de Meo’s abrupt departure as Renault CEO has kicked off a search for his successor, with analysts mentioning longtime insider Denis Le Vot and Maxime Picat of rival Stellantis as suitable fits to continue the French automaker’s turnaround. Renault shares fell as much as 8% on …
Renault’s CEO search may include insider Le Vot, Stellantis’ Picat, analysts say Read More »
STOCKHOLM (Reuters) -Sweden’s government said on Tuesday it planned to ease mortgage rules to help first-time buyers and those without capital for a deposit to get into the housing market. Under the plan, people wanting a mortgage will be able to borrow up to 90% of the value of their property, up from the current …
Swedish government plans to ease mortgage rules to help first-time buyers Read More »
DUBLIN (Reuters) -Ireland has sold its remaining shares in AIB Group, one of the two dominant lenders it effectively nationalised 15 years ago as part of the euro zone’s biggest state rescue, the finance ministry said on Tuesday. Ireland pumped 64 billion euros ($74 billion) or almost 40% of its then annual economic output, into …
Ireland sells final AIB shares 15 years after banking crisis Read More »
(Reuters) -Slovakia is close to a deal with Washington that would see U.S. company Westinghouse build a new nuclear reactor in the central European country, Prime Minister Robert Fico said on Tuesday. Slovakia, which currently has five nuclear reactors at two plants, plans to expand its nuclear power capacity in the coming decades to meet …
Slovakia near deal with US for Westinghouse to build nuclear reactor, PM Fico says Read More »
By David Milliken and Marc Jones LONDON (Reuters) -British finance minister Rachel Reeves said foreign investors should view Britain as an “oasis of stability” at a time of global political and economic turmoil. Speaking at a conference for bond investors hosted by the Financial Times on Tuesday, Reeves said her government was strengthening the public …
UK’s Reeves pitches Britain as ‘oasis of stability’ for investors Read More »
(Reuters) -European low-cost carrier Wizz Air said on Tuesday it has selected RTX’s Pratt & Whitney as the engine supplier for 177 of its Airbus A321neo narrowbody jets on order. The announcement underscores Wizz Air’s commitment to its existing engine partner even as issues with Pratt & Whitney’s GTF engines have forced the airline and …
Wizz Air picks Pratt & Whitney as engine supplier for existing Airbus order Read More »
By Giulio Piovaccari MILAN (Reuters) -Ferrari has delayed plans for its second fully-electric model that was due out in 2026 to at least 2028, because of a lack of demand for high-performance luxury EVs, two sources close to the matter told Reuters. Known for its roaring petrol engines, Ferrari has sold hybrid models since 2019 …
