Storm Arwen completely destroys farmer's lamb shed
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Storm Arwen completely destroys farmer's lamb shed
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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.
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.
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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.
Jobs site CV-Library said its survey found that lawyers, teachers and new graduates were those most disappointed with their salaries.
Google has changed its white noise, users have complained – and it has left children unable to sleep and adults confused. The Google Assistant inside products like its small Home speakers offers a range of different ambient sounds, aimed at relaxing, sleeping or other users. One of those is white noise, which users can ask to play if they want help with concentrating or drifting off.
The world's 20 best-performing hedge funds earned $65.4 billion for clients in 2021, setting a new record as stock markets marched higher despite rising prices and coronavirus cases, LCH Investments data show. As a group, the most successful managers earned more than one third of the $176 billion that all hedge funds made last year, LCH Investments, a fund of funds firm that tracks returns and is part of Edmond de Rothschild group, reported. The top 20, including brand-name investment firms TCI Fund Management and Citadel, returned an average 10.5% and jointly managed nearly one fifth of the industry's $3.6 trillion in assets, the data show.
The former boss of Unilever, Patrick Cescau, will stand down later this year and is replaced by Deanna Oppenheimer.
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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.
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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.
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The potential tie-up would be one of the biggest takeovers in UK history.
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.
(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.
New government policy reducing minimum self-isolation from seven days to five days comes into effect on Monday.
LONDON (Reuters) -The British pound's early gains evaporated on Monday and it turned lower, away from a 2-1/2 month high, as investors consolidated bets ahead of a Bank of England meeting next month where it is widely expected to raise interest rates. Recent data has raised expectations the British economy is rebounding strongly from the pandemic. Money markets are fully pricing in one rate hike by next month and one full percentage point increase in interest rates by the end of 2022.