LONDON (Reuters) – Close Brothers’ total capital ratio rose by 80 basis points to 18% in the quarter to the end of April, as it bolstered its finances pending a ruling that may force the bank and others to pay out millions of pounds in redress to motor loan customers. Close and South Africa’s FirstRand …
Close Brothers bolsters capital ratios before landmark motor finance judgment Read More »
FRANKFURT (Reuters) -Buoyant credit and stock markets appear “out of sync” with a world gripped by geopolitical and trade uncertainty, the European Central Bank said on Wednesday. The warning came as part of the ECB’s twice-yearly Financial Stability Review, a litany of old and new risks ranging from funds depleting their cash buffers to overvalued …
ECB warns buoyant markets ‘out of sync’ with uncertain world Read More »
BOGOTA (Reuters) -Colombian state-run oil company Ecopetrol said on Tuesday it agreed to buy 10 wind and solar energy project development companies from Norway’s Statkraft. Ecopetrol CEO Ricardo Roa said the portfolio of projects could total up to 1.3 gigawatts in capacity, but did not disclose the value of the transaction. The deal will mark …
Norway’s Statkraft selling renewable assets in Colombia to Ecopetrol Read More »
MADRID (Reuters) -Spain’s Bankinter has submitted a binding bid for Livensa, a student accommodation platform owned by Canadian fund Brookfield, in what would be one of the largest deals in the sector in recent years, Spain’s Cinco Dias reported on Wednesday. The paper said that Bankinter was one of the parties interested in acquiring the …
Bankinter bids for Brookfield’s student residence platform, Cinco Dias reports Read More »
By Amanda Cooper LONDON (Reuters) -The pound hit its highest in three years on Wednesday, catching a brief lift from data that showed UK consumer inflation picked up faster than expected in April, which reduces the Bank of England’s ability to quickly cut rates to protect growth. Consumer prices rose at a rate of 3.5% …
Sterling hits highest since 2022 after red-hot UK inflation data Read More »
By Roshan Thomas and Roushni Nair (Reuters) -ASX-listed building materials group James Hardie forecast tepid earnings growth for its North American business while reporting a drop in annual profit on Wednesday, hammering its shares. The results raised fresh concerns about the group’s planned $8.8 billion acquisition of Chicago-based building products maker Azek, as looming U.S. …
James Hardie shares tumble on bleak U.S. outlook, Azek deal concerns Read More »
(Reuters) -German chemicals distributor Brenntag said on Wednesday its CEO Christian Kohlpaintner would step down on August 31. The company has appointed Jens Birgersson, most recently head of Denmark’s Rockwool Group, as new CEO and he will take over on September 1, said Brenntag. (Reporting by Anastasiia Kozlova in GdanskEditing by Madeline Chambers)
By Yadarisa Shabong (Reuters) -British electricals retailer Currys raised its annual profit forecast for the third time this year as rising sales countered growing costs, it said on Wednesday. The seller of consumer appliances, such as computers, washing machines and TVs, expects adjusted pretax profit to be around 162 million pounds ($217.7 million). In early April, …
Currys raises annual profit outlook for third time this year Read More »
(Reuters) -North Sea oil and gas company Ithaca Energy on Wednesday raised its full-year production forecast to reflect its increased stake in the Cygnus gas field. The company now expects full-year production of 109 to 119 thousand barrels of oil equivalent per day (kboe/d) from an earlier estimate of 105 to 115 kboe/d. Ithaca Energy …
Ithaca Energy lifts annual production forecast after Cygnus field deal Read More »
(Reuters) -British makeup and skin care retailer Revolution Beauty said on Wednesday it was exploring a sale after it received a preliminary takeover approach. The move comes days after the company said it was reviewing its funding structure and mulling a fundraise from key shareholders after its annual sales slumped by more than a quarter. …
UK’s Revolution Beauty explores sale after takeover approach Read More »
