CashNews.co Senegal’s review of oil and gas contracts could threaten the country’s reputation as a reliable place to do business in a volatile region, critics have warned. The new administration led by President Bassirou Diomaye Faye, who won a landslide victory in March elections, has argued that the audit of contracts awarded by the previous […]
European gas industry abandons deal to retrain workers for low carbon economy #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. The European gas industry has walked away from an agreement on retraining and support for hundreds of thousands of workers to prepare for the transition to cleaner energy, in a setback for […]
US and European hydrogen stock prices collapse as prospects deflate #NewsMarket
CashNews.co Share prices of US and European clean hydrogen companies have collapsed while projects have been delayed as the industry battles lower than expected demand, regulatory uncertainties and growing investor scepticism. Shares of hydrogen companies Plug Power, Ballard Power Systems and Green Hydrogen Systems have fallen by more than half this year to historic lows […]
Hungary’s largest oil group attacks western ‘hypocrisy’ over Russian energy #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top executive at Hungary’s leading oil and gas company has defended the country’s dependence on Russian energy, pointing to the “hypocrisy” among its western allies which are buying “repackaged” fuels from Turkey or […]
European stocks hit by ‘Trump effect’ as odds tilt towards Republican win #NewsMarket
CashNews.co Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House The prospect of Donald Trump imposing a raft of new tariffs if he wins next month’s US presidential election has hit the shares of export-sensitive European companies such as carmakers and […]
Investor backing for UK start-up shows bet on lithium recovery #NewsMarket
CashNews.co For the developers of the UK’s first lithium hydroxide demonstration plant, its opening this month marked a bet on future demand for a metal that is key to the energy transition but which has slumped in price. Cornish Lithium’s plant in a rural corner of Cornwall in southern England was unveiled a week after […]
Sweden’s EQT eyes deal push as it girds for wave of PE consolidation #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. Europe’s largest publicly traded private equity group is preparing an acquisition push for what it expects will be a wave of consolidation in the $10tn private capital industry, as smaller firms or those facing […]
Companies’ earnings reports increase volatility of US stocks #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. US stocks have been swinging more than usual in response to recent corporate earnings reports, as a combination of high valuations and an uncertain outlook puts investors on edge. Wall Street’s benchmark S&P 500 […]
Crocs doubled down on ugly. It is paying off #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One of this year’s top-performing stocks may just be sitting at the back of your shoe closet. Love them or hate them, Crocs — the maker of colourful, albeit aesthetically polarising foam clogs — […]
The problem with the Trump trade #NewsMarket
CashNews.co Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House For some heavy hitters (and big egos) in markets, the worst possible outcome from the US presidential election is a victory for Kamala Harris. A narrowing or even vanishing lead in […]