(Reuters) – Automaker Stellantis has teamed up with lithium group Vulcan Energy Resources to develop geothermal energy projects in Germany…
State Street CEO says had no idea about leverage in LDI funds
LONDON (Reuters) -State Street said on Tuesday it was unaware how much leverage was tied up in liability-driven investment (LDI)…
TUI boss: we are open to a big shareholder
BERLIN (Reuters) – Tourism company TUI is open to a new major shareholder after Russian billionaire Alexey Mordashov has been…
Russia’s Sberbank 2022 net profit drops 75.7% to 300 billion roubles
MOSCOW (Reuters) – Russia’s largest lender Sberbank on Tuesday posted a 75.7% drop in net profit to 300.2 billion roubles…
Yara CEO says green tech investors looking at U.S., not Europe
LONDON (Reuters) – Europe is not providing sufficient incentives for companies such as fertiliser producer Yara to transition to green…
Hugo Boss FY preliminary results beat own guidance
(Reuters) – Hugo Boss on Tuesday reported a double-digit rise in preliminary full-year sales and earnings, slightly ahead of its…
UBS still hiring and in growth mode – CEO Ralph Hamers
ZURICH (Reuters) – UBS is hiring with the Swiss bank in “growth mode,” Chief Executive Ralph Hamers said at the…
Chocolate maker Lindt & Spruengli FY sales rise 8%, backs 2023 view
ZURICH (Reuters) – Lindt & Spruengli said on Tuesday that strong international sales helped organic sales grow by 8.4% last…
German harmonized inflation eases to 9.6% y/y in December
BERLIN (Reuters) – German inflation eased further in the final month of 2022, with consumer prices rising by 9.6% year…
Nissan directors endorse steps to reach deal with Renault-sources
By Maki Shiraki TOKYO (Reuters) – A Nissan Motor Co board committee reviewed proposals from Renault SA on Monday and…