Solar energy boom takes shine off RWE
German utility warns of fresh plant closures in response to the growth in renewable energy and a decline in European wholesale power prices European Companies News…
Danes back straw-fuelled power plant
Denmark’s biggest pension group is to back the construction of a straw-fuelled power station in Lincolnshire, providing energy for 70,000 households European Companies News…
US money funds see value in Europe banks
In the first half of the year, the 10 biggest US money market funds allocated about 15% of their $ 652bn in assets to eurozone banks, says Fitch European Companies…
Europe’s lower tax rates lure US groups
Some of the biggest takeovers in 2013 have involved ‘tax inversions’, where a US acquirer shifts overseas, to Europe in particular, to pay lower taxes European Companies News…
Opap sale boosts Greek privatisation plan
Hope of Greece reaching its €1.6bn target for privatisation revenue this year has been raised with completion of sale of state’s 33% stake in gambling concern Opap European Companies News…
Mexico energy reform: step by step
President takes bold move in calling for constitution to be amended. Freeing up even a sliver of energy exploration in the country is a big step European Companies News…
Pharmaceuticals: Back to the lab
Long lambasted for hawking drugs to doctors more than innovating, companies are now shifting their focus to researching complex molecules that should enable more personalised treatments. By Andrew Jack European…
SVG’s asset value rises by 23 per cent
The London-listed group, the biggest backer behind Permira, continues its recovery since 2009 rights issue European Companies News…
FxPro to dive into world of social trading
Online foreign exchange broker to launch ‘Super Trader’ platform in effort to appeal to investors who love Facebook and Twitter European Companies News…
German utilities: power down
Expect RWE and Eon results to shed light on why their shares are suffering – RWE down a third, Eon down 15 per cent – compared with, say, France’s EDF…
