Two costs rose at once for European companies: energy, with Brent back above $100, and borrowing, with French yields near 4.85% lifting the benchmark that banks, utilities and property companies in the euro area fund…
Shareholders are being asked for new money and given a smaller payout at the same time, the reverse of what income investors hold a utility for. It shows how England's water upgrade is financed: the regulator allows…
The certificate price is what importers of steel, aluminium, cement, fertiliser and other covered goods owe per tonne of embedded emissions, so it sets the cost gap between imported and EU-made material. European…
Higher gas prices raise power prices and input costs for energy-intensive producers in chemicals (BASF, Covestro), fertilisers (Yara), steel and glass, and squeeze utilities and energy retailers that cannot pass costs…
Each hike raises borrowing costs for governments, property companies and leveraged buyouts and weighs on rate-sensitive sectors such as real estate and utilities, while widening lending margins for banks such as BNP…
The proposal targets the profit line of Italian lenders — Intesa Sanpaolo, UniCredit, Banco BPM, BPER and Monte dei Paschi — at a time when several of them are also engaged in takeover offers for one another. A levy on…
Wholesale power is revenue for generators such as EDF's listed peers, Iberdrola, Enel, RWE and Engie, with the split depending on what each runs: nuclear output curbed by river temperatures cannot capture high prices…
Storage levels going into winter shape European gas and power prices. Gas-fired generators and energy retailers buy the fuel; chemicals, fertiliser, glass and steel producers use it as feedstock and process heat, so it…
The deposit rate anchors what euro-area banks earn on reserves and how variable-rate loans reprice, so the pause after June's increase left bank net interest income, mortgage costs and corporate refinancing costs where…
Gilt yields set the base for UK borrowing costs. Banks and insurers are exposed through their bond holdings and through mortgage and annuity pricing; housebuilders and property companies through mortgage rates and the…
Carbon allowances are a direct cost line for European steelmakers, cement and chemicals producers, refiners and fossil-fuel power generators, so the pace of the cap and the amount of free allocation feed straight into…
Materials · Industrials · Utilities · EnergyGMK Center ↗
Because Ofgem resets the cap only periodically, the jump in wholesale gas prices had not yet reached household bills, leaving UK inflation below the euro area's in spring and allowing the Bank of England to keep Bank…
The jump reflects the oil and gas shock that followed the outbreak of war involving Iran at the end of February, and it took headline inflation well above the ECB's 2% target, setting the stage for the bank's first…
Energy · Utilities · Financials · Consumer DiscretionaryEurostat ↗
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