Reuters UK Business

By Andres Gonzalez LONDON (Reuters) – Spanish power company Acciona Energia is considering a sale of its hydroelectric business, valued at 1 billion euros ($1.1 billion), according to two sources familiar with the matter. The company has said that selling renewable assets is part of its strategy to strengthen its balance sheet. Acciona Energia has …

Acciona Energia considers sale of $1.1 billion hydro portfolio, sources say Read More »

(Reuters) – The European Central Bank cut interest rates for the third time this year on Thursday in a nod to sluggish economic growth, some softening in an otherwise rock-solid labour market and easing consumer price pressures. The ECB cut its deposit rate by 25 basis points to 3.25% as forecast in a Reuters poll …

ECB cuts rates as expected, says well on track to tame inflation Read More »

By Stefania Spezzati LONDON (Reuters) -UniCredit is still awaiting a court decision over whether it must immediately reduce its Russia business to comply with a European Central Bank order, months after filing an objection, people familiar with the situation told Reuters. The near four-month wait for a decision increases pressure on the lender to show …

UniCredit in court limbo over ECB’s Russia demands, sources say Read More »

By Jesus Calero and Elviira Luoma (Reuters) – Nordea has seen aggressive pricing behaviour among Nordic banks, especially in Sweden, as they compete for customers amid softening loan demand, the CEO of the region’s biggest lender said on Thursday. Competition in Nordea’s key markets is intensifying, with lenders chasing market share in both retail and …

Nordea CEO flags price war in Sweden as lenders battle for market share Read More »

By Bartosz Dabrowski and Bernadette Hogg (Reuters) -Swiss lift- and escalator maker Schindler said on Thursday it was more confident of securing increased orders in North America, as it reaffirmed its full-year guidance of low single-digit revenue growth in local currencies. “We have accelerated our modernisation business and enhanced our offering,” CEO Silvio Napoli told …

Schindler upbeat on North America business as it confirms 2024 guidance Read More »

(Reuters) – Schneider Electric will pay about $850 million for a controlling stake in Motivair Corp, a specialist in liquid cooling for high-performance computing, the French firm said on Thursday, beefing up offerings for rapidly-growing data centres. The all-cash deal, expected to close in the coming quarters, will give Schneider a stake of 75% in …

Schneider Electric to buy data centre cooling firm Motivair for $850 million Read More »

(Reuters) – The pound drifted near two-month lows against the U.S. dollar on Thursday, after sliding a day earlier when a tame inflation report boosted Bank of England rate cut bets. Sterling was last down 0.1% at $1.29815 after breaching the key $1.30 mark on Wednesday when data showed British inflation dropped to the lowest …

Sterling drifts near two-month lows versus dollar Read More »

BELGRADE (Reuters) – Economic growth in the six Western Balkans countries is projected to moderately grow through 2025, thanks to increased consumption, investments and purchasing power, the World Bank said in a bi-annual report made public on Thursday. Albania, Bosnia, Kosovo, Montenegro, North Macedonia and Serbia will collectively grow 3.7% in 2025, 0.2 percentage point …

Western Balkan countries to grow 3.7% collectively in 2025, World Bank says Read More »