Reuters UK Business Archives - Page 799 of 3179

Germany not planning strategic gas reserve, economy ministry says

17 Jun 2025 17 Jun 2025

FRANKFURT (Reuters) -Germany is not planning to set up a national gas reserve as its recent legislation changing required filling levels for the coming winters will encourage the private sector to ensure supply security, an economy ministry spokesperson said on Tuesday. Since the energy crisis following Russia’s invasion of Ukraine in 2022, European Union countries …

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Renewable energy firm EDPR sticking to US plans despite tax credit cuts

17 Jun 2025 17 Jun 2025

By Sergio Goncalves LISBON (Reuters) -EDP Renovaveis, the world’s fourth-largest wind energy producer, will stick to its goal of installing up to 1.75 gigawatts of new capacity in the U.S. by the end of 2026 even if tax credits for renewables are phased out, its CEO said. The Republican-controlled U.S. House of Representatives approved a …

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German defence start-up Helsing raises 600 million euros in latest investment round

17 Jun 2025 17 Jun 2025

BERLIN (Reuters) -German defence start-up Helsing has raised 600 million euros ($693.30 million) in its latest investment round, lead by Spotify founder Daniel Ek, the firm said on Tuesday. The latest investment round has raised Helsing’s value to $12 billion, the Financial Times reported on Tuesday, citing people familiar with the matter. This positions the …

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Neinor shares soar after it files tender offer to buy rival Aedas

17 Jun 2025 17 Jun 2025

(Reuters) -Shares of Neinor Homes jumped early on Tuesday after the Spanish homebuilder offered to buy all of its rival Aedas Homes’ shares in a deal potentially worth 1.07 billion euros ($1.24 billion). Neinor shares were up 14% in early trading to 15.58 euros – their highest level since February – and on track for …

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French grain group Axereal’s CEO steps down

17 Jun 2025 17 Jun 2025

PARIS (Reuters) -French grain cooperative Axereal’s chief executive Paul-Yves L’Anthoen stepped down last week, the group confirmed on Tuesday, declining to give reasons for his departure or details on a successor. L’Anthoën had led Axereal since 2017. The cooperative is one of France’s largest grain groups, collecting and processing 4.4 million tonnes of grain and …

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Putin’s energy point man says there is a need for more oil volumes globally

17 Jun 2025 17 Jun 2025

By Vladimir Soldatkin MOSCOW (Reuters) -Russian President Vladimir Putin’s energy point man said on Tuesday that there was a global need for more volumes of oil and that OPEC+ remained ready to be flexible if needed amid the conflict between Israel and Iran and a trade war. Crude prices have jumped in recent days on …

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Autodoc’s IPO is set to value car parts retailer at $2.8 billion

17 Jun 2025 17 Jun 2025

(Reuters) -The planned initial public offering of Autodoc is set to value the German online parts retailer at as much as 2.4 billion euros ($2.78 billion), the company said on Tuesday. The private placement is set at a price range of 58 to 61 euros, which amounts to a total market capitalization of 2.3 to …

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OpenAI executives weigh antitrust accusation against Microsoft, WSJ reports

17 Jun 2025 17 Jun 2025

(Reuters) -OpenAI executives have considered accusing Microsoft, the company’s major backer, of anticompetitive behavior in their partnership, the Wall Street Journal reported on Monday, citing people familiar with the matter. OpenAI’s effort could involve seeking a federal regulatory review of the terms of its contract with Microsoft for potential violations of antitrust law, as well …

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Legal & General expects 2025 core operating profit to grow 6%-9%

17 Jun 2025 17 Jun 2025

LONDON (Reuters) -British insurer Legal & General expects 2025 group core operating earnings per share to grow between 6% and 9%, in line with its three-year targets, it said on Tuesday. It will announce a strategy for its asset management unit later on Tuesday, including plans to become a more capital-light business, sell more third-party …

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Volvo Group, Daimler look to technology joint venture in bid to save costs

17 Jun 2025 17 Jun 2025

GOTHENBURG (Reuters) -European truckmaking rivals AB Volvo and Daimler Truck hope to cut costs and reduce reliance on suppliers by jointly developing a software-defined vehicle program, they said on Tuesday. Fleets and truck manufacturers, like automakers, have been racing to produce technology-packed vehicles while also grappling with the need to reduce costs. Truckmakers are currently …

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