Banco Comercial Português informs about the partnership for the insurance market in Mozambique and the sale of a shareholding in Seguradora Internacional Moçambique, S.A.
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Unvaccinated Morrisons workers who are forced to isolate but test negative will now receive statutory sick pay.
The potential tie-up would be one of the biggest takeovers in UK history.
China may triple electricity generation to supply 60% of the country's total energy under Beijing's carbon-neutral goal by 2060, up from the current 23%, Royal Dutch Shell said on Monday. Shell is one of the largest global investors in China's energy sector, with business covering gas production, petrochemicals and a retail fuel network. A leading supplier of liquefied natural gas, it has recently expanded into low-carbon business such as hydrogen power and electric vehicle charging.
Shares in Marmite maker Unilever are sharply lower after it made an audacious swoop for GlaxoSmithKline's consumer healthcare arm. The food giant told investors that the Glaxo unit is a “strong strategic fit” as part of it pursuit of sales categories with higher rates of sustainable growth. The developments came as the City also digested the resignation of former Lloyds boss António Horta-Osório as chairman of Credit Suisse.
Analysts say GSK is right to rebuff £50bn offer for consumer healthcare venture. Unilever’s offer represents only a modest premium to its current value, according to some leading analysts
Consumer goods giant Unilever on Monday said it would press on with a bid for the consumer health care unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer after an offer of £50 billion ($68 billion) was refused.
Energy bills are predicted to soar by around 50% for many households in April.
Chris Hohn’s TCI fund, known as one of the most aggressive activist investors, made a 23% gain in 2021
Paul Myners, the former City minister enlisted by Gordon Brown to help stabilise Britain’s banking system during the 2008 financial crisis, has died at the age of 73.
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Bond markets are gearing up for a return to political turmoil in Rome after a key investor risk gauge hit its highest level in 16 months ahead of a crucial vote on Italy’s next president.
BRUSSELS (Reuters) -More than 2 billion euros of European Union funding to help businesses save energy contributed little to climate change targets and in some cases funded investments that would have happened anyway, auditors said on Monday. The EU regards curbing energy use as essential to meeting goals to cut greenhouse gas emissions, and record high gas and power prices in recent months have increased the focus on measures to save energy. But so far, EU funding to support energy savings for businesses has not been effective, the European Court of Auditors said in a report.
Banker breached quarantine rules to attend Wimbledon tennis tournament
Edinburgh-based firm joins pilot study into shorter working week run by Oxford and Cambridge academics
The number of financial job vacancies in London surged beyond pre-pandemic levels in late 2021, in a sign recruitment in the sector has fully recovered from the COVID-19 crisis, data showed on Monday. The latest Morgan McKinley winter recruitment monitor, which details hiring trends across London's financial industry, showed 40% more financial sevice jobs available in the fourth quarter of 2021 than in the same period of 2019, before the COVID-19 pandemic hit the economy and put the job market on hold. Last year, more than 32,000 jobs in finance were created in London, around twice as many as in 2020, supported by a spike in the second quarter as Britain's vaccine programme allowed more people to return to the office.
Sir Antonio Horta-Osorio is in line for a payout of up to £3.8m after stepping down as chairman of Credit Suisse over a trip to Wimbledon in breach of Covid rules.
BP, Shell and utility Iberdrola were among the winners of seabed rights to develop Scottish offshore wind projects, in an auction which raised nearly 700 million pounds ($958 million) for public spending. Competition for offshore wind sites has intensified as governments and investors have woken up to the urgency of cutting carbon emissions, with oil majors making high bids. Crown Estate Scotland, which manages the Scottish seabed, said on Monday that proceeds from the first such leasing deal in around a decade will go to the devolved Scottish government.
The online retailer had intended to introduce the changes from Wednesday, having warned customers that the card company’s fees were too high.
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