UK

Shell reports drop in profit to $9.45 billion, hikes dividend

Shell reports drop in profit to $9.45 billion, hikes dividend

Shell to boost dividend by 15% Announces plans to buy further $4 billion in shares Profit hit by weak LNG trading and refining LONDON, Oct 27 (Reuters) – Shell (SHEL.L) on Thursday posted a third-quarter profit of $9.45 billion, slightly below the second quarter’s record high, due to weaker refining and gas trading, and said …

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Dozens of LNG-laden ships queue off Europe's coasts unable to unload

Dozens of LNG-laden ships queue off Europe’s coasts unable to unload

LONDON/MADRID, Oct 17 (Reuters) – Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they may have to suspend loading to deal with this “exceptional situation”. Europe is facing an energy supply squeeze as Russia …

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Benzema, Putellas win Ballon d'Or awards for best soccer players in the world

Benzema, Putellas win Ballon d’Or awards for best soccer players in the world

Real Madrid’s Frenchman Benzema voted best men’s player Barca’s Spain midfielder Putellas picks up women’s award Pep Guardiola’s Manchester City chose as Best Club PARIS, Oct 17 (Reuters) – Real Madrid’s France forward Karim Benzema won the 2022 Ballon d’Or award for the best men’s player in the world on Monday, while Barcelona’s Spain midfielder …

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Goldman plans major overhaul to combine key units - source

Goldman plans major overhaul to combine key units – source

Oct 16 (Reuters) – Goldman Sachs (GS.N) is planning a major reorganization to combine its biggest businesses into three divisions with its storied investment banking and trading businesses being merged into a single unit, a source familiar with the matter told Reuters. The plans, which are expected to be announced on Oct. 18 in conjunction …

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British pension funds step up fire sales as needed for cash soars

British pension funds step up fire sales as needed for cash soars

LONDON, Oct 11 (Reuters) – UK pension schemes are racing to raise hundreds of billions of pounds to shore up derivatives positions before the Bank of England calls time on support aimed at keeping them afloat. The Bank of England plans to stop buying bonds on Oct. 14, leaving pension schemes scrambling to meet a …

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US aims to hobble China's chip industry with sweeping new export rules

US aims to hobble China’s chip industry with sweeping new export rules

Oct 7 (Reuters) – The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with US tools, vastly expanding its reach in its bid to slow Beijing’s technological and military advances. The rules, some of which go …

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Exclusive: UK gilt market resilient despite 'major repricing' - debt office head

Exclusive: UK gilt market resilient despite ‘major repricing’ – debt office head

LONDON, Oct 4 (Reuters) – Britain’s bond market is undergoing “a major repricing”, but should comfortably absorb the extra 62 billion pounds ($69 billion) of debt announced after finance minister Kwasi Kwarteng’s Sept. 23 mini-budget, the head of the UK Debt Management Office (DMO) said on Monday. Robert Stheeman – the man tasked with overseeing …

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