Europe Business

Malaysia's Petronas acquires 30 pct equity in Senegal oil, gas block

13/08 Malaysian oil and gas company Petroliam Nasional Bhd (Petronas) said on Monday it has acquired a 30 percent stake in Senegal's Rufisque Offshore Profond block, its first project in the West African nation.  Full story

First Direct tops Britain's first banking quality survey, RBS in last place

09h51 First Direct, Metro Bank and Nationwide Building Society came top in Britain's first mandatory sector-wide customer surveys to help people choose the best bank, with Royal Bank of Scotland at the bottom of the list.. . .  Full story

Russia's and Turkmenistan's leaders to hold energy dialogue - Kremlin

09h46 Russia's President Vladimir Putin will hold "a possible energy dialogue" amid other bilateral issues with his Turkmen counterpart Kurbanguly Berdymukhamedov later on Wednesday, Kremlin spokesman Dmitry Peskov told a conference call with reporters.. . .  Full story

European shares edge up, ignore emerging markets losses

09h42 European shares edged up on Wednesday, ignoring heavy losses overnight on emerging markets as, amidst the gloom, the Turkish currency crisis seemed to ease at least temporarily with the lira recovering from record lows.. . .  Full story

Vestas launches share buy-back as Q2 profits beat forecasts

09h35 Shares in wind turbine maker Vestas jumped 7 percent on Wednesday after the company said a strong order intake helped it beat second-quarter profit expectations and it launched a 200 million euro ($226.7 million) share. . .  Full story

UK insurer Admiral posts profit above estimates, flags no-deal Brexit risks

09h07 Admiral Group posted a better-than-expected rise in first-half pre-tax profit on Wednesday on demand for its insurance products, but flagged potential risks from a no-deal Brexit.. . .  Full story

Car dealership Lookers' profit falls as UK sales drop

08h12 Car dealership firm Lookers posted on Wednesday a 14 percent decline in first-half adjusted pre-tax profit to 43.1 million pounds($55 million) as British new vehicle sales fell compared to a record period last year.. . .  Full story

Chile's Escondida union to take new labor proposal to members

07h45 The union for Chile's Escondida, the world's largest copper mine, said on Wednesday it will avert its planned strike to consult members about a renewed proposal for a new labor contract from operator BHP .. . .  Full story

LME copper hits over 1-year low as fears over Chile mine strike ease

07h01 London copper fell to a more than one-year low on Wednesday as the dollar strengthened and the union at the world's largest mine in Chile said talks with operator BHP would be extended by. . .  Full story

Express Scripts staking out million dollar gene therapies

07h00 Express Scripts Holding Co built a multi-billion enterprise pressuring drug companies to lower their prices for U.S. patients. Now it is quietly building a side business: getting paid to help drug companies dispense a new. . .  Full story

JGBs firm as Turkish rout keeps safe-haven bets alive

06h59 Most Japanese government bond prices traded firmer on Wednesday, helped by a fall in domestic shares amid worries Turkey's lira crisis could spread to other emerging market economies.. . .  Full story

Credit Suisse Asia corporate communications head Sheel Kohli leaving - sources

04h44 Credit Suisse Group AG's Asia Pacific head of corporate communications, Sheel Kohli, is leaving the Swiss bank after a 12-year stint, people familiar with the move told Reuters on Wednesday.. . .  Full story

Diamondback to buy Energen in $9.2 bln deal to boost Permian presence

00h11 U.S. oil and gas producer Diamondback Energy Inc on Tuesday agreed to buy shale rival Energen Corp in an all-stock deal valued at $9.2 billion, giving it an expanded footprint in the country's largest. . .  Full story

Kroger partners with Alibaba in China grocery sales venture

14/08 Kroger Co has partnered with Alibaba Group Holding Ltd to sell nuts, supplements and other products in China, venturing outside the United States for the first time in what is fast becoming a fierce. . .  Full story

Search for survivors after Italian motorway collapse kills at least 26

14/08 Firefighters searched into the night on Tuesday for survivors and bodies amid the rubble of a motorway bridge that collapsed in the northern Italian port city of Genoa, killing at least 26.. . .  Full story

Royal Bank of Scotland pays $4.9 bln for crisis-era misconduct

14/08 Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said on Tuesday.. . .  Full story

Britain's FTSE dips, miners weigh as Turkey crisis eases

14/08 UK shares ended the day down 0.4 percent on Tuesday after a choppy session, weighed down notably by lower copper prices as fallout from the Turkish lira crisis that has rattled global markets since. . .  Full story

China data increases pressure on copper price

14/08 Copper fell on Tuesday towards the one-year lows of last month as sentiment already floored by the Turkish lira crisis took another knock from data suggesting weaker demand in China.. . .  Full story

At least 20 dead, 16 injured in Italy bridge collapse - official

14/08 At least 20 people died and 16 were injured in the collapse of a motorway bridge in the Italian city of Genoa, a senior official at the country's civil protection agency said on Tuesday.. . .  Full story

European shares stabilise as Turkey stress eases

14/08 European shares rose slightly on Tuesday after two days of heavy selling as investors' anxieties over contagion from a Turkish currency crisis faded and reassuring data from Germany helped offset the latest wobbles in China's. . .  Full story

German union to start pay talks for Ryanair cabin crew on Wednesday

14/08 German union Verdi will meet Ryanair in Dublin on Wednesday to start pay talks for around 1,000 cabin crew working in Germany for Europe's largest low-cost airline, it said.. . .  Full story

Get Carter? BT approached Informa boss for CEO role -Sky News

14/08 BT has approached Informa chief executive Stephen Carter as a possible replacement for Gavin Patterson and is keen to announce a new CEO by the end of October, Sky News reported https://news.sky.com/story/bt-group-sounds-out-ex-ofcom-chief-carter-about-ceo-role-11472523.. . .  Full story

Chile's Escondida mine, union will talk longer; hope to avert strike

14/08 The union for Chile's Escondida mine, the world's largest copper mine, said on Tuesday it was closer to a contract agreement and would extend talks another day with the company in hopes of averting. . .  Full story

Hot, dry summer could curb EU sugar beet harvest

14/08 Scorching weather that parched farmland across northern Europe has also stressed sugar beet plants and could push yields in the European Union's harvest well below last year's bumper levels.. . .  Full story

Euro zone budget could be integrated into broader EU funds -Merkel

14/08 A planned budget for the euro zone could be integrated into the broader spending funds of the European Union, Chancellor Angela Merkel said on Tuesday, adding she sees no immediate need for a finance. . .  Full story

VTB says buying controlling stake in Vozrozhdenie Bank

14/08 Russia's second-largest lender VTB has agreed to buy a controlling stake in smaller rival Vozrozhdenie and plans to fully merge the two banks in 2020, state-run VTB said on Tuesday.. . .  Full story

Workers at Total's North Sea oil rigs to meet company, set new strike dates

14/08 Workers at three of French oil company Total's North Sea oil platforms will meet the company on Thursday for further negotiations over working conditions and are considering strike action on six different dates in August,. . .  Full story

Risk of no-deal Brexit rising, "everyone needs to prepare" - British foreign minister

14/08 The risk of a no-deal Brexit has been increasing and the European Union commission needs to change its attitude if a deal is to be reached, British foreign minister Jeremy Hunt said on Tuesday.. . .  Full story

Nigeria's state oil company considers refinery partnerships

14/08 Nigeria's state oil company could allow private investors to install two refineries on two of its sites, it said on Tuesday.. . .  Full story

Hardcore hedge fund bulls say Iran sanctions may see oil at $150

14/08 Clouds are gathering over the outlook for the oil market, as trade tensions and rising crude supply threaten to swamp demand growth, but some of the world's most prominent energy investors are convinced the. . .  Full story

UK retailer Homebase to close 42 stores, affecting 1,500 jobs

14/08 British home improvement retailer Homebase said on Tuesday it planned to close 42 stores, putting 1,500 jobs at risk, with new owner Hilco Capital seeking to reduce its cost base in a brutal trading. . .  Full story

Caring or creepy? UK banks turn to alerts to keep customers loyal

14/08 Britain's biggest banks are planning to send personalised spending alerts and in some cases money management advice to their mobile banking customers as they strive to shore up brand loyalty in the face of. . .  Full story

UK's Quercus pulls plug on $570 mln Iran solar plant as sanctions bite

14/08 British renewable energy investor Quercus said it will halt the construction of a 500 million euro ($570 million) solar power plant in Iran due to recently imposed U.S. sanctions on Tehran.. . .  Full story

UK jobless rate falls to new 43-year-low, but pay growth weakens

14/08 Britain's unemployment rate fell to its lowest in over 43 years in the three months to June and fewer workers made do with insecure jobs, but there was little upside for most as pay. . .  Full story

-HelloFresh shares fall as it pushes back break-even point

14/08 Shares in German meal-kit delivery firm HelloFresh slumped on Monday after it said it no longer expected to break even in the fourth quarter of this year as it plans to invest margin profits. . .  Full story

Miner Antofagasta's H1 earnings fall, trade tensions cloud demand outlook

14/08 Chilean copper producer Antofagasta said first-half core earnings fell 16.2 percent from a year earlier, citing weaker ore quality, and said trade tensions clouded the broader market outlook in the short term.. . .  Full story

Bain Capital to take UK insurer esure private in $1.55 bln deal

14/08 Private equity firm Bain Capital has agreed to buy esure for 1.21 billion pounds ($1.55 billion), in a deal that gives investors in the British insurer a 37 percent premium on the share price. . .  Full story

Japan utilities, Glencore set annual coal contract at $110/T - sources

14/08 Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018-March 2019 at $110 a tonne, according to several people with knowledge of the matter.. . .  Full story

Poland's Q2 GDP growth at 5.1 pct y/y, outperforming region

14/08 Poland's gross domestic product grew by 5.1 percent year-on-year in the second quarter, outperforming other post-communist European Union members thanks to robust private consumption and reviving investments.. . .  Full story

German EconMin to present law on accelerating power grid expansion in autumn

14/08 German Economy Minister Peter Altmaier said on Tuesday that he would present a law in autumn to speed up the expansion of the power grid and it should then quickly be put to the. . .  Full story

German growth outlook clouded despite improved investor morale - ZEW

14/08 The growth outlook for the German economy has become more clouded due to trade-related uncertainties, the ZEW research institute said on Tuesday after its survey showed German investor morale improved more than expected in August.. . .  Full story

Trade risks for German economy remain high - ministry

14/08 Germany's economic upswing is set to continue due to vibrant domestic demand and higher investment but the trade dispute with the United States is clouding the growth outlook, the Economy Ministry said on Tuesday.. . .  Full story

Dutch GDP up 0.7 pct in Q2, helped by exports and construction

14/08 Economic growth in the Netherlands strengthened to 0.7 percent on a quarterly basis in the second quarter, helped by stronger exports and a construction boom, Statistics Netherlands (CBS) said on Tuesday.. . .  Full story

RWE hedged forward power sales below market prices

14/08 RWE sold the bulk of its power generated from nuclear and brown coal-fired plants from 2018 and the following three years at prices well below current levels, company data showed on Tuesday.. . .  Full story

French July inflation confirmed at 2.6 pct, highest since March 2012

14/08 French EU-harmonised inflation rate in July reached its highest level since March 2012, coming in at 2.6 percent, according to final data from the INSEE national statistics office, which confirmed earlier forecasts.. . .  Full story

Unilever to use JD.com to move products across China

14/08 Chinese ecommerce firm JD.com has agreed a deal with Unilever to move products like Lipton's tea and Lux soap between warehouses across China as the consumer goods firm looks to expand sales in more. . .  Full story

China's Sinochem to transfer WEPEC refinery stake to PetroChina, seeks trader role -sources

14/08 Chinese state-run oil and chemicals group Sinochem is in advanced talks to transfer its 33.6 percent stake in a debt-laden refinery to state giant PetroChina, part of Sinochem's plan to shed non-core assets ahead of. . .  Full story

French ILO jobless rate fell slightly to 9.1 pct in Q2

14/08 France's ILO unemployment rate decreased slightly to stand at 9.1 percent in the second quarter, compared to 9.2 percent in the previous quarter, data from the INSEE national statistics office shows.. . .  Full story

Escondida union and BHP agree to extend labor talks, avert strike-union

14/08 The union at the world's largest copper mine, BHP's Escondida deposit in Chile, agreed to extend government-mediated talks with company management late on Monday, suspending its plans for a potential strike.. . .  Full story

JGBs dip as broader risk aversion ebbs for now

14/08 Japanese government bond prices dipped on Tuesday as risk aversion in the broader financial markets triggered by concerns over Turkish lira seems to have settled for now, reducing investor demand for safe-haven debt.. . .  Full story

Greenland Holdings buys 65 pct of Tianjin Construction as part of state-owned firm reforms

14/08 Chinese property developer Greenland Holdings Corp said on Tuesday that it will purchase a 65 percent stake in government-owned Tianjin Construction Group for 1.49 billion yuan ($216.17 million) as part of state-owned enterprise reform.. . .  Full story

Copper falls as Turkish crisis sweeps through markets

13/08 Copper prices moved lower on Monday as a currency crisis engulfing Turkey rippled across markets and prompted investors to dump riskier assets.. . .  Full story

European stocks dips to 3-week low as Turkey dents lenders

13/08 Banks dragged European shares down on Monday as the Turkish currency crisis shook investor confidence in lenders exposed to the country, while pharmaceuticals group Bayer sank 11 percent after its subsidiary Monsanto lost a key. . .  Full story

Moody's converts Stockholm to subsidiary to navigate Brexit

13/08 Credit ratings agency Moody's is converting its Stockholm branch into a subsidiary as the sector faces regulatory pressure to have enough staff in the European Union post Brexit.. . .  Full story

Chile braces for potential strike at Escondida copper mine

13/08 Chile's copper industry on Monday braced for the announcement of a potential strike at the world's biggest copper mine, Escondida, as government-led mediation is expected to close by day's end.. . .  Full story

India's Tata Steel Q1 profit more than doubles

13/08 Tata Steel Ltd's quarterly net profit more than doubled, but still came in well below market expectations, hurt by rising expenses and a one-off charge.. . .  Full story

Croatia's Agrokor first-half core earnings jump

13/08 Croatian food producer and retailer Agrokor, which is in the process of being taken over by its creditors, reported a big rise in first-half core earnings on Monday, as cost cuts helped to offset. . .  Full story

Former Audi CEO Stadler's request to be freed from custody rejected

13/08 Former Audi Chief Executive Rupert Stadler's request to be freed from custody has been rejected, the Munich court of appeal said on Monday.. . .  Full story

UK's esure soars on possible $1.5 bln offer from Bain Capital

13/08 Britain's esure is in advanced talks over a possible 1.17 billion pound ($1.49 billion) bid from Bain Capital Private Equity, the insurance company said on Monday, sending its shares more than 30 percent higher.. . .  Full story

Both sides claim victory as Stati vs Kazakhstan case is dropped in UK

13/08 An English appeals court has allowed a Moldovan businessman to drop a legal case against Kazakhstan, with both sides claiming tactical victories in a complicated legal battle that involves over $6 billion in frozen Kazakh. . .  Full story

Orchard raises $150 mln to expand after GSK gene therapy deal

13/08 Anglo-American biotech company Orchard Therapeutics has raised a further $150 million to fund its work in gene therapy, building on earlier fundraisings worth more than $140 million.. . .  Full story

Kuwait's Agility teams up with Centerbridge on Abraaj bid -source

13/08 Kuwait's Agility has teamed up with New York-based Centerbridge Partners for its bid to acquire all or part of stricken Middle East private equity firm Abraaj, according to a finance source.. . .  Full story

France to make unrecycled plastic bottles more expensive

13/08 France plans to make bottles produced with recycled plastic cheaper than bottles made from virgin plastic and will further tighten regulation on plastics use, a government minister said.. . .  Full story

Barclays shifting ownership of European branches to Irish unit ahead of Brexit - sources

13/08 Barclays has begun shifting direct ownership of its French, German and Spanish branches from a British-based entity to its Irish bank, according to sources with direct knowledge of the plans, ahead of Britain's exit from. . .  Full story

Air France KLM shares slump on risk of further strikes

13/08 Air France KLM shares slumped on Monday after the airline's biggest pilots union said over the weekend that there were risks of further strikes if pay talks with management did not resume.. . .  Full story

Hong Kong stocks end lower as Turkish rout spreads

13/08 Hong Kong stocks ended lower on Monday, tracking losses in other Asian markets, as the rout in Turkish lira sent shock waves across emerging markets.. . .  Full story

Chemring profit to fall after fatal factory blast; shares slide 24 pct

13/08 Shares of Chemring Group Plc slumped by almost a quarter on Monday after the defence contractor said an explosion at one of its UK factories would lower full-year profit by as much as 20. . .  Full story

HelloFresh shares fall as it pushes back break-even point

13/08 Shares in German meal-kit delivery firm HelloFresh slumped on Monday after it said it no longer expected to break even in the fourth quarter of this year as it plans to invest margin profits. . .  Full story

China stocks end lower; techs gain

13/08 China stocks ended lower on Monday, but managed to recoup most of their earlier losses aided by gains in shares of tech firms. ** The blue-chip CSI300 index fell 0.4 percent to 3,390.34 points while. . .  Full story

Australia shares fall as Turkish rout hits, NZ down

13/08 Australian shares ended lower on Monday, weighed down by materials and banks after the crisis in Turkey hit Asian assets, while global trade turmoil pushed commodity prices lower.. . .  Full story

What is Algeria doing to revive its energy sector?

13/08 Algeria has been trying to attract more investment to its vital oil and gas sector. Here are some of the key developments since Abdelmoumen Ould Kaddour took over as CEO of state energy firm. . .  Full story

Australia shares slip on materials and banks weakness; NZ slips

13/08 Australian shares dipped on Monday as banks declined ahead of quarterly performance updates later in the week, while the escalating trade dispute between the United States and China curbed commodities prices.. . .  Full story

Irish consumer sentiment boosted in July by summer sun

13/08 Irish consumer sentiment rebounded to a four-month high in July as unusually warm weather and the prospect of summer holidays buoyed the public mood, a survey showed on Monday.. . .  Full story

UK consumer spending dips in July, modest pay rises ahead

13/08 British consumer spending dipped last month and few employers plan to offer bigger pay rises, according to economic surveys on Monday that suggest future growth is likely to remain modest.. . .  Full story

Union at Caserones mine in Chile says members vote to strike

13/08 The main union at Chile's Caserones copper mine said on Sunday that 98.5 percent of its workers had voted to reject a final offer from mine operator Lumina Copper during mediation.. . .  Full story

British lawmakers 'disappointed' over regulator's inaction on RBS

12/08 A group of British lawmakers has criticised the Financial Conduct Authority (FCA) for not taking further action against Royal Bank of Scotland Group Plc after an investigation into the bank's treatment of business customers.. . .  Full story

Next Air France-KLM boss must not surrender French interests - director

12/08 The next chief executive of Air-France-KLM must not be beholden to external interests, said a senior French pilot on the group's board of directors, criticising the possible choice of Air Canada's chief operating officer as. . .  Full story

Collapsed UK retailer BHS pension scheme secured by $1 bln insurance buyout

12/08 The pensions of 9,000 employees of collapsed British department store chain BHS were secured on Sunday after a specialist insurer announced an insurance buyout of the firm's 'BHS2' scheme covering 800 million pounds ($1 billion). . .  Full story

China Huarong issues profit warning

12/08 China Huarong Asset Management Co, one of China's four state-owned bad loan managers, said in a profit warning on Sunday it expected to report "a prominent decrease" year-on-year in net profit for the first. . .  Full story

Commerzbank plans stronger private clients push - Handelsblatt

12/08 Commerzbank plans to step up its expansion drive by making a stronger push on private and small business customers, a board member told a German newspaper.. . .  Full story

France fumes at proposed post-Brexit EU sea trade links

11/08 France deems unacceptable a European Commission proposal to exclude French ports from a re-routing of a strategic trade corridor between Ireland and mainland Europe after Brexit, the government said.. . .  Full story

Thyssenkrupp needs new strategy, targets not enough - investor

11/08 Thyssenkrupp needs a broad overhaul in strategy carried about by a new external chief executive, as mid-term targets announced this week will not be enough to put the German group back on track, according to. . .  Full story

Fitch upgrades Greece rating to 'BB-' from 'B'

10/08 Global rating agency Fitch Ratings upgraded the long-term foreign currency issuer default rating on Greece to 'BB-' from 'B'.. . .  Full story

Oil up on Iran sanctions but set for weekly decline

10/08 Crude oil prices rose more than 1.0 percent on Friday as U.S. sanctions against Iran looked set to tighten supply, but futures contracts posted a weekly decline as investors worried that global trade disputes. . .  Full story

Switzerland's GAM to liquidate suspended ARBF funds

10/08 GAM Holding will liquidate nine funds whose trading it halted last month after suspending the investment director who ran them, the Swiss group told investors on Friday.. . .  Full story

Copper gives up gains as dollar rises to 13-month high

10/08 Copper fell on Friday and recorded its second weekly decline as the dollar powered to a 13-month high on concerns over the ripple effects of a slide in the Turkish lira, while global trade. . .  Full story

European shares tumble as Turkish turmoil hits banks

10/08 European shares fell on Friday as a dramatic fall in the Turkish lira jolted markets, with banks such as Spain's BBVA and Italy's UniCredit hit by worries over their exposure to Turkey.. . .  Full story

Russia loses bulk of WTO challenge to EU gas pipeline rules

10/08 Russia largely failed in its bid to overturn the European Union's gas market rules in a World Trade Organization ruling published on Friday.. . .  Full story

Packager SIG Combibloc on track to announce listing in September -sources

10/08 SIG Combibloc is on track to announce in September its intention to float on the stock market in Zurich, three sources familiar with the matter said, in a listing that could value the Swiss. . .  Full story

U.S. strongly condemns Russia's poisoning of former spy -White House

10/08 The White House said on Friday the United States strongly condemned Russia's use of chemical weapons against a former Russian agent in Britain, two days after the U.S. State Department announced sanctions over the move.. . .  Full story

Nigerian stocks hit 10-month low on Dangote drop, election risk

10/08 Nigerian stocks hit a 10-month low on Friday, dragged down by losses in the country's biggest listed firm Dangote Cement and mounting concerns over political risk in the run-up to next. . .  Full story

Sports Direct rescues House of Fraser for 90 mln pounds

10/08 Sports Direct, the British sportswear retailer controlled by tycoon Mike Ashley, has snapped up House of Fraser from the department store group's administrators for 90 million pounds ($115 million).. . .  Full story

Romania's leftists unveil blueprint to double state pensions

10/08 Romania's Labour Ministry has drafted a plan to more than double state pensions over the next four years for the country's 5.2 million retirees, Minister Olguta Vasilescu said on Friday, a proposal critics deemed unrealistic.. . .  Full story

Slowing global economic momentum holds oil prices in check: Kemp

10/08 Oil prices have stalled over the last two months as the prospect of tough sanctions on Iran’s exports from November is offset by concerns about a slowdown in global economic growth later in 2018. . .  Full story

Ukraine 2018 wheat harvest to exceed previous forecast of 24 mln T

10/08 Ukrainian farmers have already harvested 23.98 million tonnes of wheat from 96 percent of the planted area and the final crop figure is likely to exceed the previously expected 24 million tonnes, data from. . .  Full story

Drought slashes EU wheat, export surplus to be cut

10/08 Drought and a heatwave that scorched fields in northern Europe may cut the European Union’s wheat export surplus and the bloc will need to consume more of its own grains, experts said on Friday.. . .  Full story

Southern Europe may salvage EU maize harvest but huge imports loom

10/08 Favourable prospects for maize in southern Europe could help offset damage from drought and heatwaves further north, but the EU is still expected to import a record amount to feed livestock following a poor. . .  Full story

Greece to lose access to cheapest ECB cash

10/08 The European Central Bank will restrict Greek banks' access to its cheapest funding operations from Aug 21, it said on Friday, a move that could increase costs for lenders but may still help shore. . .  Full story

Ryanair strike hits 55,000 passengers across Europe

10/08 Ryanair endured its worst one-day strike on Friday after a walk-out by pilots in five European countries disrupted the plans of an estimated 55,000 travellers with the budget airline at the height of the summer. . .  Full story

Russia's fin min says no decision yet on raising revenue from commodities firms

10/08 Russian Finance Minister Anton Siluanov said on Friday the government would draw up a report on the revenue of commodities firms after the Kremlin approved discussion of a proposal to raise additional revenue. . .  Full story

UK economy warms up a touch, Brexit hurdles ahead

10/08 Britain's economy warmed up a little in the second quarter from its winter slowdown of early 2018, but there was no sign of an end to its stuttering performance ahead of Brexit next year.. . .  Full story

Russia-led Nord Stream 2 seeks new route to avoid Danish waters

10/08 The Russia-led Nord Stream 2 consortium said on Friday it has applied to Denmark for an alternative gas pipeline route through the Baltic Sea that would avoid the Nordic state's territorial waters.. . .  Full story

INSIGHT-Gene-editing startups ignite the next 'Frankenfood' fight

10/08 In a suburban Minneapolis laboratory, a tiny company that has never turned a profit is poised to beat the world's biggest agriculture firms to market with the next potential breakthrough in genetic engineering -. . .  Full story

Putin wants $7.5 bln Russian miners tax discussed, shares drop

10/08 Vladimir Putin has ordered that a proposal to raise 500 billion roubles ($7.5 billion) a year from metal and mining firms be looked at, but the Russian president has not decided whether to approve. . .  Full story

British power firm Drax eyes solution to drinks CO2 shortage

10/08 British power generator Drax is trialing technology to help it capture its carbon dioxide (CO2) emissions, which could then be used to keep the fizz in the country's drinks, it said on Friday.. . .  Full story