(Reuters) – British insurer Beazley Plc resumed its dividend on Thursday after swinging to an annual profit, helped by rising demand and double-digit growth in the cyber insurance space. Beazley, which provides casualty and property, cyber and politica…
Analysis-Investors back ESG stock funds even as tech slide hurts returns
By Simon Jessop and Patturaja Murugaboopathy LONDON (Reuters) – Investors continued to flock to environmental, social and corporate governance (ESG) stock funds in January despite a slide in Big Tech hitting the funds’ performance, and as the market br…
U.S. inflation data hits global stocks, lifts benchmark yields
By Chris Prentice and Tommy Wilkes WASHINGTON/LONDON (Reuters) – Major global stock indexes fell on Thursday under pressure from crucial U.S. inflation data, falling technology shares and rising benchmark bond yields. U.S. consumer prices rose solidly …
Britain’s chief treasury secretary backs BoE governor’s wage restraint call
(Reuters) – Britain’s Chief Secretary to the Treasury Simon Clarke on Wednesday backed the Bank of England governor’s call for pay rise restraint to head off high inflation. Clarke said on the “Peston” programme on ITV that a general restraint, both at…
Oil rallies on big drawdown in U.S. crude stocks, strong demand
By David Gaffen NEW YORK (Reuters) -Oil prices rallied on Wednesday after U.S. crude inventories dropped by nearly 5 million barrels and fuel demand rose to an all-time high, underscoring the market’s ongoing tightness. Brent crude futures settled up 7…
Exclusive-UniCredit set to sell 2 billion euros in impaired loans to DK-owned Prelios – sources
By Valentina Za MILAN (Reuters) – Italian bank UniCredit plans to sell around 2 billion euros ($2.29 billion) in impaired debts to bad loan specialist Prelios after halting a process to hire a debt recovery firm for the portfolio, three sources close t…
Consumers face years of high energy prices, Big Oil CEOs warn
By Ron Bousso and Nerijus Adomaitis LONDON (Reuters) – Consumers should brace for years of high energy prices, heads of top oil and gas companies said, in what would pile pressure on governments struggling with spiralling inflation. Oil and gas prices …
Deutsche Boerse Q4 net profit up 23%, as 2021 targets met
FRANKFURT (Reuters) -German exchange operator Deutsche Boerse said on Wednesday that it posted a 23% rise in fourth-quarter net profit, a slightly better result than analysts had expected. The showing during the last three months of 2021 allowed the co…
European scientists set nuclear fusion energy record
LONDON (Reuters) – European scientists on Wednesday announced fresh progress in the drive to make nuclear fusion a practical, safe and clean energy source, saying an experiment at a site in England set a record for the amount of fusion energy produced,…
Eni signs deals with 19 companies for carbon storage in UK project
MILAN (Reuters) – Italian energy group Eni said it had signed a total of 19 agreements with companies to capture and store their carbon emissions as part of its HyNet North West project in the UK. Eni UK, the operator of the HyNet project, said six of …