LONDON (Reuters) – Iberdrola-owned Scottish Power has partnered with low-carbon development firm Storegga to develop, build and operate green hydrogen production plants across Scotland, it said on Thursday. Green hydrogen is produced by breaking down w…
UK business activity slows to three-month low as inflation soars – PMI
By David Milliken LONDON (Reuters) – British private-sector growth slowed to its weakest pace in four months in April as businesses raised prices on the broadest basis since at least the late 1990s, a closely watched survey showed on Thursday. The figu…
Just Eat Takeaway.com enters exclusive partnership with Domino’s in U.K
BRUSSELS (Reuters) – Just Eat Takeaway.com said on Thursday it has exclusively partnered with Domino’s to become the only food delivery app to offer Domino’s pizza in the U.K. and Ireland, according to a statement. “Our customer base of over 18 million…
EU top court says shareholders are not entitled to compensation in Popular resolution
MADRID (Reuters) – The top European Court on Thursday said that shareholders of Banco Popular are not entitled to be compensated for losses suffered following the resolution of the Spanish lender, almost five years ago. The ruling comes after a regiona…
Germany’s EnBW fully prepared for Russian coal ban, CEO says
FRANKFURT (Reuters) – German utility EnBW, whose VNG unit is one of the country’s largest importers of Russian gas, is fully prepared for the ban on coal the European Union has imposed on Moscow following its invasion of Ukraine, its CEO said. “We alre…
Global rally lifts UK shares over 1% ahead of BoE decision
By Bansari Mayur Kamdar (Reuters) – UK shares rose on Thursday after the U.S. Federal Reserve’s widely expected rate hike triggered a relief rally in global markets, with investor focus now on the Bank of England’s meeting amid concerns over Britain’s …
Britain’s Barratt upbeat on housing demand, urges rethink on safety levy
(Reuters) -British housebuilder Barratt on Thursday expressed confidence about housing demand, but urged the government to rethink its plan to expand a tax on companies to fund the removal of flammable roof coverings from buildings. Britain last month …
European stocks rally on Fed relief, encouraging earnings
By Sruthi Shankar (Reuters) -European stocks climbed on Thursday, riding a global stock markets rally after the Federal Reserve raised interest rates as expected but cooled aggressive tightening expectations, with sentiment lifted further by a slew of …
As scandals overshadow vote, UK PM Johnson faces election test
By Andrew MacAskill and Elizabeth Piper LONDON (Reuters) -Voters in Britain will go to the polls in local government elections on Thursday where they are expected to punish Prime Minister Boris Johnson over a cost-of-living crisis and fines for breakin…
Valneva’s quarterly loss narrows on vaccine progress
(Reuters) – French drugmaker Valneva reported on Thursday a narrower loss in quarterly profit as it furthered development of its chikungunya vaccine, lowering costs, and invested less in research and development of its COVID-19 vaccine candidate. The g…