PJSC Magnitogorsk Iron and Steel Works (MMK)
| ||||||||||||||||
ISIN: | US5591892048 |
Category Code: | ROM |
TIDM: | MMK |
LEI Code: | 253400XSJ4C01YMCXG44 |
Sequence No.: | 132806 |
EQS News ID: | 1262581 |
| |
End of Announcement | EQS News Service |
Electric vehicle (EV) battery startup Britishvolt has secured UK government backing for a battery plant in northern England, enabling 1.7 billion pounds ($2.31 billion) in private funding and boosting national efforts to build zero-emission cars. Logistics real estate investor Tritax and investment firm abrdn plc will provide the private funding for a 30 gigawatt-hour (GWh) plant in Blyth, Britishvolt said on Friday. The government will deliver its finances through its Automotive Transformation Fund.
LONDON (Reuters) -Associated British Foods said on Thursday the lifting of COVID-19 restrictions in England had boosted prospects for its Primark clothing business after December sales were dented by the rapid spread of the Omicron coronavirus variant. The group said Omicron had interrupted an improving trend in Primark's customer numbers but it was now seeing a recovery in UK and Ireland footfall. "In the UK and Ireland I think we're looking at an improving consumer outlook," John Bason, AB Foods' finance chief, told Reuters, pointing to falling COVID-19 infection rates and the end of restrictions in England.
US stocks reversed course in Wednesday's trading session, ending lower for the second day amid rising oil prices and fears that the Federal Reserve will have to move more aggressively to contain inflation.
The food delivery giant's share price rose 2.4% as it reported as 36% rise in gross value of Q4 orders.
Most will end up paying an extra £3.50 a month – or £42 annually – on average for phone and broadband bills.
It comes after fierce criticism from fund manager Terry Smith and a negative reaction from investors to efforts to buy GSK’s consumer arm.
Domestic politics did not hurt sentiment, although Prime Minister Boris Johnson was fighting to save his premiership amid a deepening revolt inside his party over a series of lockdown parties in Downing Street. "If anything, there is a risk of the BoE disappointing the market by acting less decisively" at its February meeting, Commerzbank analysts said, adding “a lot has already been priced in” in terms of future rate rises. “Unsurprisingly, political risk has not damaged GBP, where the focus remains squarely on whether the BoE hikes 25bp on February 3,” ING analysts said, adding they “continue to favour EUR/GBP drifting to the 0.8270/80 area.”
‘I’m not getting through the month’: five Britons on the cost of living crisis. People who are feeling the pinch explain how their expenses are stacking up
Vinter founders Vinter founders Stockholm, 20 January 2022, 9AM CET: Vinter, Europe’s fastest-growing index provider specialised in crypto assets, today announces that it has raised a further $3.4m as it continues to expand its range of crypto asset indexes for ETP and ETF issuers. The round, led by Octopus Ventures, and with participation from the Ricketts family office, D4 Ventures, Pfeffer Capital and notable angels including Gokul Rajaram, Marc Powers and David Chreng, provides yet another i
Influential British fund manager Terry Smith attacked Unilever's failed 50 billion pound ($68.2 billion) bid for GSK's Consumer Health assets as a "near death experience" and urged Unilever management to focus on strengthening performance. In a letter to investors of his Fundsmith vehicle, now the 13th biggest Unilever shareholder, Smith criticized Unilever for failing to openly communicate the benefits of the deal and its "penchant for corporate gobbledegook as substitute for effective action."
ASML forecast sales growth of 20% in 2022 despite a fire this month at its Berlin plant as the supplier to chipmakers on Wednesday reported better-than-expected fourth-quarter profit. Europe's largest technology company by market capitalisation said that the Jan. 3 fire had damaged part of one building and caused smoke damage at a second. ASML Chief Executive Peter Wennink said "the expected impact of the fire in part of a building at our Berlin site is included" in the 2022 growth forecast.
Marks & Spencer has written to Boris Johnson urging him to use new technology to end physical border checks in Northern Ireland.
Euro zone consumer prices jumped at a record high pace in December, the EU's statistics agency confirmed on Thursday, boosted by a surge in energy prices and supply chain bottlenecks as the economy recovers from pandemic lockdowns. The European Union's statistics office Eurostat said consumer prices in the 19 countries sharing the euro rose 0.4% month-on-moth in December for a 5.0% year-on-year jump, the same as the initial estimate published on Jan 7. Without the volatile energy and food prices, or what the European Central Bank calls core inflation, prices went up 0.4% month-on-month and 2.7% year-on-year.
Tigo Business - Courtesy picture Tigo Business - Courtesy picture Tigo Business announces its Cloud Center of Excellence (CCoE) in collaboration with Microsoft to accelerate cloud adoption With a trained team of expert engineers with more than 1,200 Cloud and Cybersecurity certifications, the Cloud Center of Excellence will provide support and advice in the development of solutions based on the Microsoft Azure cloud and will guide Guatemalan companies towards a model digital acceleration. Luxemb
People trying to get on the property ladder in some places face spending more than 10 times their annual salary on average.
The European Parliament on Thursday signed off on a proposal for new rules aimed at U.S. tech giants, paving the way for talks on the plan with member countries and the European Commission. The Digital Services Act, a proposal from EU antitrust chief Margrethe Vestager, would force Amazon, Apple, Alphabet unit Google and Facebook owner Meta to do more to tackle illegal content on their platforms or risk fines up to 6% of global turnover. Vestager's proposal still needs to be ironed out with EU countries and lawmakers before it can become law, the first of its kind in the world.
Inflation continues to rise in the UK, which could be scary for some stocks’ prospects. But there are ways to work around it and come out ahead. The post UK inflation heats up to 5.4%! Here’s how I’d invest in the stock markets now appeared first on The Motley Fool UK.
An imbalance between demand and supply is underpinning growth in house prices.
European stock markets mainly fell Thursday with sentiment jarred by sliding shares on Wall Street, which was rocked by surging global inflation and the prospect of rising interest rates.
European Commission President Ursula von der Leyen said earlier this month she would try to unblock legislation for a quota of women on EU company boards, which has been stuck since 2012. The proposal calls for listed companies in the bloc to fill at least 40% of non-executive board seats with women. Female representation at board level rose by one percentage point to 35% in 2021 after a similar rise a year earlier, according to the study by Brussels-based association European Women on Boards (EWOB), which analysed 668 top European listed companies, included in the STOXX 600 index and national benchmarks.
Yahoo Finance