Meeting a industry target to have 70pc of electricity coming from renewables by 2030 will require as much as €10bn of capital, according to Irish-focused wind farm investor Greencoat Renewables. Greencoat asset manager Patrick Maguire said meeting the target will require another 5,000 megawatts of renewable assets, which he said “equates to €8bn-€10bn of investment”. […]
Troubled retailer Mothercare UK is to sell its Early Learning Centre business to the owner of toy chain The Entertainer for up to £13.5m (€15.6m) as it seeks to cut its debt pile. It said it had agreed the deal with Teal Brands, which is the holding company of The Entertainer, but will retain around […]
SINGAPORE – The rental market for non-landed private properties and HDB flats in Singapore remained unchanged in February, with volume in both markets recording a double digit percentage drop month on month, going by flash estimates from real estate portal SRX on Wednesday (March 13). OrangeTee & Tie head of research and consultancy Christine Sun […]
Gavin Slark, the chief executive of Grafton Group, saw his total remuneration increase by approximately 20pc in 2018 to £2,040,000 (€2.3m) from £1,689,000 (€1.9m). This figure includes a basic salary of £590,000, a bonus of £657,000 – which was down on his 2017 bonus – as well as pension contributions, “other benefits”, and long-term incentive […]
SINGAPORE – United Overseas Bank (UOB) has successfully priced the first Panda bond from Singapore, which is also only the second issued from a South-east Asian financial institution. The Panda bond – Renminbi(RMB)-denominated bond sold in China by a foreign issuer – was priced at 3.49 per cent, one of the lowest rates among all […]
SYDNEY (Reuters) – Asian share markets got off to a subdued start on Wednesday after a mixed finish on Wall Street, while a frazzled pound awaited its fate ahead of yet another make-or-break parliamentary vote on Brexit. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.1 percent in slow trade. Japan’s Nikkei dipped 0.3 […]
SAN FRANCISCO (Reuters) – Uber Technologies Inc has agreed to pay $20 million to settle a lawsuit brought by drivers nearly six years ago, according to court filings, resolving one of its many legal battles with drivers ahead of a hotly anticipated initial public offering this year. Drivers for the ride-hailing company argued in the […]
NEW YORK (Reuters) – Citigroup Inc has accelerated some of its 2019 plans to cut expenses through “simplification” of its organization and improvements in its internal processes, Chief Financial Officer Mark Mason said on Tuesday at an investor conference. Mason made the comment in response to a question about whether the bank has ways to […]
Uneasiness about of one of Boeing’s most popular jets mounted on Tuesday after the deadly crashes of two 737 Max 8 aircraft in under five months. European authorities banned the planes, one of the most important aviation regulators in the world to change its stance over the plane’s safety. It followed earlier moves by aviation […]
WASHINGTON (Reuters) – The United States and China may be in the final weeks of discussions to hammer out a deal to ease their tit-for-tat tariffs dispute, U.S. Trade Representative Robert Lighthizer said on Tuesday. Washington and Beijing have slapped import duties on each other’s products that have costs the world’s two largest economies billions […]