(Reuters) - British recruitment firm PageGroup Plc said on Wednesday David Lowden will step down as chair to be the chair-designate at technical products and services provider Diploma Plc.
(Reporting by Sinchita Mitra in Bengaluru; editing by Uttaresh.V)
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.
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.
BERLIN (Reuters) -Germany's new Finance Minister Christian Lindner has called on fellow cabinet members to counter-finance any higher spending with budget cuts elsewhere in their departments, two people familiar with the government's 2022 draft budget said on Tuesday. The guidelines mark a shift in Berlin's fiscal policy after two years of record net new borrowing and unprecedented state spending to cushion the impact of the COVID-19 pandemic on citizens and companies in Europe's largest economy. Lindner is party leader of the fiscally cautious Free Democrats (FDP), the smallest junior partner in Social Democrat Chancellor Olaf Scholz's three-party ruling coalition that also includes the environmentalist, pro-spending Greens.
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.
The potential tie-up would be one of the biggest takeovers in UK history.
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
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The former boss of Unilever, Patrick Cescau, will stand down later this year and is replaced by Deanna Oppenheimer.
(Reuters) -European shares closed at a one-week low on Tuesday, with tech stocks losing the most as a rise in short-term U.S. Treasury yields reflected increased expectations for an interest rate hike by the Federal Reserve as soon as March. Tech stocks declined 2.2%, the most among their peers, as they resumed a losing spree that began at the start of the year. Two-year Treasury yields , which track short-term rate expectations in the United States, crossed 1% for the first time since February 2020.
The online retailer had intended to introduce the changes from Wednesday, having warned customers that the card company’s fees were too high.
The lithium-borates project near Loznica in the western Jadar valley is slated to position the Anglo-Australian miner as Europe's largest lithium supplier for at least next 15 years amid a boom in electric vehicle sales. The mine has faced opposition from environmental activists and local communities over concerns of environmental damage, forcing the local municipality last year to scrap a plan to allocate land for the facility. The Balkan nation will decide whether Rio can proceed with developing the mine after a general election in April, its prime minister told Reuters earlier this month.
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Recruiters say: We need more bankers
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.
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GSK confirmed on Saturday that it had rejected three approaches from the Dove-soap maker, adding it intended to stick to its own plan to spin off the business as a separate company on the London Stock Exchange this year. GSK's consumer healthcare division, in which U.S. pharmaceuticals company Pfizer owns a 32% stake, includes brands such as Sensodyne and parodontax toothpaste, pain relief treatments Advil, Voltaren and Panadol, Otrivin nasal spray, cold and flu medicine Theraflu and Centrum vitamins. Unilever, which wants to expand its Health, Beauty and Hygiene operations, owns brands including Lifebuoy soap, Sunsilk shampoo and SmartyPants vitamins.
ScottishPower’s chief executive spoke about the development of two ground-breaking floating wind farms.
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A new scheme that allows Brits to request cashback in shops without making a purchase is not enough to prevent a 'cash crisis', according to Which?
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