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Europe Business

Societe Generale's Ivory Coast unit 2018 net profit up 6 pct

25/04 The Ivorian arm of French bank Societe Generale made a net profit of 42 billion CFA francs ($72 million) in 2018, up 6 percent from 39.62 billion CFA francs in 2017, a company statement in newspaper Fraternite Matin showed on Thursday.  Full story

SAS pilots strike, travel plans of 170,000 passengers at risk

15h58 SAS pilots in Norway, Sweden and Denmark went on strike on Friday as wage talks broke down, threatening the travel plans of some 170,000 passengers over the weekend.. . .  Full story

Shareholders back Credit Suisse pay report despite complaints

15h54 Shareholders approved Credit Suisse's 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.. . .  Full story

Italy bond yields dip on bets of S&P ratings non-event

15h52 Italy's bond yield spread over Germany's briefly touched its widest level in two months on Friday before tightening decisively on bets that S&P Global will refrain from downgrading Italy at a scheduled ratings review.. . .  Full story

Gold eyes weekly gain as dollar slips after U.S. GDP data

15h43 Gold rose on Friday as the dollar fell after data suggested an acceleration of U.S. growth was driven by temporary factors that are likely to reverse in the coming quarters.. . .  Full story

Dutch Shell employees end strike after unions agree to deal

15h30 Employees of Royal Dutch Shell on Friday decided to stop their strike action in the Netherlands, after unions agreed to a new wage offer by the oil and gas company.. . .  Full story

Italy's economy bottoms out in early 2019 - industry lobby

15h29 Italy's economic contraction may have bottomed out in the first months of 2019 but the outlook for the euro zone's third largest economy remains weak, national industry lobby Confindustria said on Friday.. . .  Full story

Far-right Vox party stirs swing vote talk as Spain's election looms

15h07 Spain's Vox party, aligned to a broader far-right movement emerging across Europe, has become the focus of speculation about last minute shifts in voting intentions since official polling for Sunday's national election ended four days. . .  Full story

Copper rises as dollar comes off highs, trade talks loom

14h55 Copper and most other industrial metals inched higher on Friday, boosted by a retreat in the dollar and hopes that a meeting between the United States and China could help ease damaging trade tensions.. . .  Full story

U.S. oil futures drop set to halt 7-week bull run

14h50 Oil prices fell on Friday as the market retreated from its strongest bull run in at least a year amid efforts to resume Russian oil flows that were interrupted by contamination.. . .  Full story

Slovenia's Chinese-owned appliance maker Gorenje to cut 270 jobs

14h41 Household appliances maker Gorenje, the Slovenian unit of Chinese appliance manufacturer Hisense, said on Friday it plans to reduce its workforce by 6.4 percent.. . .  Full story

Activist investor Bramson may get bloody nose at Barclays AGM

14h29 Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays' annual meeting next week, even though shareholders are dissatisfied with performance of the group's investment bank.. . .  Full story

Glencore shares fall as U.S. probes 'corrupt practices'

14h22 Glencore shares fell nearly four percent on Friday after news overnight U.S. regulators were investigating whether the miner broke rules through "corrupt practices".. . .  Full story

Activist fund fails in bid to oust CEO of reinsurer SCOR

13h56 The shareholders of French reinsurer SCOR rejected a request by activist fund CIAM to oust chief executive Denis Kessler from the board of SCOR, although Kessler's pay deal was only approved by a slim majority.. . .  Full story

Renault to propose joint holding company with Nissan -Nikkei

13h44 Renault SA will propose to Nissan Motor Co a plan to create a joint holding company which would give both firms equal footing as the French automaker seeks further integration with its Japanese partner, the. . .  Full story

UK factories stockpile for Brexit at fastest pace in at least 60 years - CBI

13h37 With Brexit looming, British factories stockpiled over the last three months at the fastest pace since records began in the 1950s, and they're increasingly downbeat about their prospects, a survey showed on Friday.. . .  Full story

France's Macron looks to match tax cuts with spending cuts

13h31 French President Emmanuel Macron has ordered that further cuts to income tax must be matched euro-for-euro by cuts in public spending to keep the budget deficit from spiralling out of control, his finance minister said. . .  Full story

Russia says it can fix tainted oil affecting Europe supplies soon

13h25 Russia is confident it can soon resolve a problem of polluted Russian oil contaminating a major pipeline serving Europe and affecting supplies as far west as Germany, a senior official said on Friday at. . .  Full story

Kingspan walks away after Recticel rejects bid for units - source

13h19 Irish insulation firm Kingspan has ended discussions with Recticel over a bid for its Belgian rival's foam and insulation units and has no plans to reengage, a source close to the process said on. . .  Full story

Debenhams' survival plan puts about 1,200 jobs at risk

13h07 Debenhams plans to close 22 stores next year, putting about 1,200 jobs at risk, under a scheme designed to put the ailing British retailer on a stable financial footing.. . .  Full story

Britain calls China's Belt and Road Initiative a "vision"

13h04 Britain is committed to help realise the potential of China's Belt and Road Initiative (BRI), British finance minister Philip Hammond said on Friday, describing the policy as a "vision".. . .  Full story

Deloitte quits as Ferrexpo auditor after charity inquiry, shares plunge

12h50 Deloitte quit as Ferrexpo's auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner's CEO controlled a charity being investigated. . .  Full story

RWE cancels plans for new coal plants, including Niederaussem

12h16 German utility RWE is to cancel future investment in coal-fired power plants, including a large brown coal power plant at Niederaussem near Cologne, to focus on renewables.. . .  Full story

Ad group WPP hit by client losses in North America

12h10 The world's biggest advertising company WPP suffered a sharp drop in first-quarter underlying sales in North America as the loss of work from clients such as Ford took a toll on its most important. . .  Full story

Norway says no plans to cap rates on short-term consumer loans

12h05 The Norwegian government does not currently plan to introduce maximum interest rate levels for small, short-term consumer loans, it said in an annual review of the banking industry on Friday.. . .  Full story

European shares weak as banks, Glencore weigh; U.S. GDP in focus

12h00 European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.. . .  Full story

France's jobless total neared five-year low in first quarter

12h00 France's jobless total fell in the first three months of the year to its lowest level in nearly five years, quarterly data from the Labour Ministry showed on Friday.. . .  Full story

Shell, Dutch unions agree to end Pernis strike on Friday

11h32 Dutch trade unions and oil major Royal Dutch Shell have agreed to end a wage dispute which has hit production at the company's Pernis oil refinery and Moerdijk chemical plants in the Netherlands in recent. . .  Full story

Lawmakers urge EU's Vestager to halt Italy scheme for bank shareholders bailout

11h31 European Union lawmakers called on the EU's competition chief Margrethe Vestager to block a scheme devised by the Italian government to automatically compensate shareholders of failed banks, a move seen as breaching EU rules on. . .  Full story

FTSE 100 falls, hit by Glencore probe, weak earnings; Ferrexpo sinks

11h16 The FTSE 100 slipped on Friday as Glencore dropped after disclosing it was being investigated in the United States by the Commodity Futures Trading Commission, while RBS and Just Eat tumbled after quarterly. . .  Full story

RBS profit falls as Brexit and competition take toll

11h04 Britain's Royal Bank of Scotland reported lower first quarter profit on Friday, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.. . .  Full story

Deutsche Bank and Commerzbank dispute origins of merger talks

10h18 Deutsche Bank and Commerzbank on Friday offered differing accounts of who initiated merger talks, disclosing a rift between the two banks a day after their talks ended in failure.. . .  Full story

Continental delays powertrain IPO to 2020 as profits drop 17 pct

10h09 Continental AG will push back the spin-off of its powertrain division until next year, the company said on Friday, when it reported a 17 percent drop in first-quarter operating profit, hit by a downturn. . .  Full story

Valeo's shares rise as car parts group expects improvement in H2

09h46 Shares in French car parts company Valeo rose more than 3 percent in early trade on Friday, as investors and analysts welcomed the company's statement that its performance would improve in the second half of. . .  Full story

Spain's Sabadell draws line under costly IT glitch at TSB

09h44 Sabadell put costly IT troubles at Britain's TSB behind it on Friday as the Spanish bank reported a quarterly net profit almost unchanged against the same quarter in 2018.. . .  Full story

Skanska shares drop on builder's surprise Q1 profit drop

09h12 Swedish builder Skanska reported an unexpected fall in first-quarter operating earnings on Friday as profit at its commercial development operations tumbled, sending shares down.. . .  Full story

Mubadala launches $1 bln Abu Dhabi-based investment fund

09h11 State-owned Mubadala Investment Company said it has launched a new $1 billion fund, Abu Dhabi Catalyst Partners, to explore opportunities within the United Arab Emirates and abroad.. . .  Full story

Hastings says FY loss ratio to be at higher end of target range

09h06 Insurer Hastings Group said on Friday its loss ratio for the year would inch towards the higher end of its target range as third-party property damage costs rose, even as it reported higher quarterly. . .  Full story

French consumer confidence held steady in April

08h54 French consumer confidence held steady in April at an eight-month high, the official INSEE statistics agency said on Friday.. . .  Full story

Fortum's Q1 profit lags forecast on low hydropower output

08h54 Finnish utility Fortum reported weaker than expected profits for the first quarter on Friday as higher power prices were offset by low volumes in electricity generation from the firm's hydropower assets.. . .  Full story

French utility Engie to sell some German and Dutch coal power assets

08h50 French utility Engie has agreed to sell some coal-fired power plants in the Netherlands and Germany, as Engie continues its strategy of disposing of non-core assets to focus more on the renewable energy sector.. . .  Full story

EU's competition chief welcomes Italy plan on savers, still probing Alitalia loan - paper

07h54 Europe's competition commissioner Margrethe Vestager welcomed Italy's latest two-track plan to compensate savers hit by the country's recent banking crisis, according to comments in an interview with Il Sole 24 Ore and other European papers.. . .  Full story

Signify Q1 core earnings improve on cost-cutting measures

07h39 Signify NV, the world's biggest maker of lights, on Friday reported better-than-expected first-quarter earnings, due to cost-saving measures.. . .  Full story

French asset manager Amundi confirms profit target after strong Q1

07h15 French asset-manager Amundi reiterated its profit target for 2020 after a market rebound buoyed its first quarter earnings.. . .  Full story

Lloyd's of London plots new course as storm clouds gather

07h00 Lloyd's of London, the world's oldest insurer of seafaring vessels, is facing its own perfect storm.. . .  Full story

SAS pilots in Denmark go on strike - mediator

06h33 Wage talks broke down on Friday between SAS and its pilots in Denmark, triggering a strike, a mediator in the negotiations told Reuters.. . .  Full story

Asian prices snap 3 weeks of gains on more spot offers

05h54 Asian spot prices for liquefied natural gas (LNG) snapped three straight weeks of gains this week as more spot cargoes filled the market while levels in storage tanks in the main demand region of. . .  Full story

Battle for Hong Kong Airlines pulls complex HNA holdings into daylight

04h24 Shareholders summoned by Hong Kong Airlines this month for a meeting were greeted with some shocking news: the airline needed at least HK$2 billion in fresh funds or it would lose its operating license.. . .  Full story

Aurelia Metals in talks to buy Glencore copper mine in Australia

02h57 Australian miner Aurelia Metals Ltd on Friday said it was in talks about a possible acquisition of Glencore's CSA copper mine in the state of New South Wales.. . .  Full story

Shell unions agree to new wage offer to end Pernis strikes -spokesman

25/04 Dutch trade unions on Thursday said they have agreed to a new offer by Royal Dutch Shell to end a wage dispute which has hit production at Shell's Pernis oil refinery and Moerdijk chemical. . .  Full story

Belgian bank Degroof Petercam's audit under scrutiny by ECB, source says

25/04 Belgian bank Degroof Petercam has been audited by the Belgian central bank over how it guards against money laundering, and a source at the European Central Bank said the ECB's Supervisory Board would take. . .  Full story

Drugmakers Astellas, Amgen to pay $125 mln in U.S. charity kickback probe

25/04 Two drugmakers will pay nearly $125 million to resolve claims they used charities that help cover Medicare patients' out-of-pocket drug costs as a way to pay kickbacks aimed at encouraging the use of their. . .  Full story

SAS pilots head toward strike after rejecting mediators' bid

25/04 SAS pilots rejected a bid tabled by mediators on Thursday and began preparing to strike if a compromise cannot be reached by midnight, in a move that could potentially disrupt plans for about 170,000 travellers.. . .  Full story

Ukraine's Ukrtransnafta suspends oil transit through Druzhba pipeline

25/04 Ukraine's Ukrtransnafta has suspended the transit of oil through the Druzhba pipeline, citing quality concerns over Russian oil, a statement by the company said on Thursday.. . .  Full story

Facebook users care less about privacy than regulators

25/04 Facebook Inc is preparing for a record-setting fine from U.S. regulators over privacy issues, but Wall Street shrugged at the looming penalty after the company added users and trounced profit expectations for the first quarter.. . .  Full story

Germany, Poland, Slovakia halt oil imports via Russian pipeline over quality concerns

25/04 Poland, Germany and Slovakia have suspended imports of Russian oil via a major pipeline, citing poor quality and triggering a rare crisis over supply from the world's second-largest crude exporter.. . .  Full story

London's Crossrail puts back opening to March 2021 at the latest

25/04 London's new flagship rail line connecting Heathrow Airport to the Canary Wharf financial district may not now open before 2021, more than two years behind schedule, the Crossrail project said on Thursday.. . .  Full story

Robusta coffee falls to fresh three-year low, sugar slips

25/04 Robusta coffee futures on ICE fell to a more than three-year low on Thursday as the market pulled into line with weak arabica coffee prices, while raw sugar declined despite bullish production data from. . .  Full story

France's RTE urges policymakers to talk energy mix with EU peers

25/04 National decisions to shut down power generation capacity without wider co-ordination with other European states could put the continent's electricity system at risk, the president of France's RTE grid operator said on Thursday.. . .  Full story

Glencore probed by U.S. CFTC for "corrupt practices"

25/04 Glencore Plc said on Thursday that the U.S Commodity Futures Trading Commission (CFTC) is investigating whether the miner and its units may have violated certain regulations through "corrupt pra. . .  Full story

Ukraine's president-elect says being blocked from calling snap poll

25/04 Ukraine's president-elect Volodymyr Zelenskiy, keen to build parliamentary support, said on Thursday the election commission was preventing him from calling a snap parliamentary election by delaying the announcement of his election victory.. . .  Full story

Norway's last nuclear research reactor to close permanently

25/04 Norway's last nuclear research reactor will shut permanently and be decommissioned after more than 50 years of operations, the country's Institute for Energy Technology (IFE) said on Thursday.. . .  Full story

European Medicines Agency to appeal Brexit lease case

25/04 The European Medicines Agency (EMA), one of the EU's biggest regulators, is appealing against a London ruling that has blocked its plans to break a 25-year, 500 million pound ($655 million) lease of its. . .  Full story

-Growth worries keep German 10-yr yield below zero, Italy suffers

25/04 Germany's 10-year government bond yield fell to a two-week low below zero percent on Thursday, a day after a disappointing German Ifo sentiment survey that exacerbated concerns about the euro zone's economic outlook.. . .  Full story

Swedbank admits money laundering flaws, faces multiple U.S. probes

25/04 Swedbank admitted to failings in combating money laundering on Thursday and said it was under investigation by multiple U.S. authorities, piling more pressure on the bank as it tries to rebuild its reputation.. . .  Full story

European shares dip on disappointing earnings, growth worries

25/04 European shares slipped on Thursday as weak earnings from Nokia and news of failed attempts at mergers added to a downbeat mood on renewed fears of a slowdown in global growth.. . .  Full story

UK regulator blocks Sainsbury's $9.4 bln takeover of Walmart's ASDA

25/04 Britain's competition regulator on Thursday blocked Sainsbury's proposed 7.3 billion pound ($9.4 billion) takeover of Walmart-owned Asda - a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.. . .  Full story

Strong dollar, growth fears push copper to one-month low

25/04 Copper prices fell on Thursday as worries over the global economic outlook increased and the U.S. dollar hit its strongest in almost two years, making metals more expensive for buyers with other currencies.. . .  Full story

Sainsbury's drags FTSE 100 lower, Taylor Wimpey warning knocks housebuilders

25/04 British shares closed in the red on Thursday as Taylor Wimpey's warning on margins triggered a sell-off among housebuilders while investors soured on Sainsbury's after the company scrapped its proposed takeover of Walmart's Asda.. . .  Full story

Deutsche Bank CEO says to be active player in Europe bank consolidation - Bild

25/04 Deutsche Bank's chief executive Christian Sewing wants to be an active player in European banking consolidation, a German newspaper reported on Thursday.. . .  Full story

RBS begins global hunt for CEO to replace McEwan

25/04 Royal Bank of Scotland is searching for a new chief executive after Ross McEwan resigned, signalling a fresh start as it heads for full private ownership after a state bailout.. . .  Full story

Commerzbank investor pins hopes on new deal as Deutsche Bank talks collapse

25/04 The collapse of merger talks between Commerzbank and Deutsche Bank is good news, a top Commerzbank shareholder said on Thursday, betting that the bank will seek an alternative deal with another European rival.. . .  Full story

Goldman Sachs, Bank of England and Treasury targeted by climate activists in London

25/04 More than 300 environmental activists sowed chaos through London's financial district on Thursday, gluing themselves to the stock exchange and blocking roads outside the Bank of England and major banks such as Goldman Sachs.. . .  Full story

Russia's Novatek to sell 20 pct in Arctic LNG 2 to China

25/04 Two Chinese companies signed agreements with Russia's Novatek on Thursday to buy a combined 20 percent stake in its new liquefied natural gas project, Arctic LNG 2.. . .  Full story

Irish pharma group Uniphar eyes 2019 stock market listing - source

25/04 Irish pharmaceuticals group Uniphar has hired stockbroker Davy and RBC Capital Markets to sound out investors for a possible initial public offering (IPO) in 2019, a source familiar with the matter said on Thursday.. . .  Full story

Chinese demand helps elevator maker Kone to aim higher

25/04 Finnish elevator maker Kone on Thursday nudged up its forecasts for 2019 sales and profits, citing strong first quarter orders in China as a driver of the company's growth.. . .  Full story

CRH sees interest in potential sale of European distribution arm

25/04 Irish building materials group CRH has had a lot of interest in its European distribution arm ahead of a decision in the next two to three months on whether to trigger a sale, Chief. . .  Full story

RBS considering internal and external candidates for CEO role -chairman

25/04 Royal Bank of Scotland will consider both internal and external candidates to replace outgoing Chief Executive Ross McEwan and has appointed headhunter firm Spencer Stewart to lead the search, the bank's Chairman Howard Davies said. . .  Full story

EDF Energy extends outage at UK nuclear reactor where cracks were found

25/04 EDF Energy, owned by French power company, has extended an outage at its Hunterston B8 nuclear reactor in Scotland by two weeks while the nuclear regulator assesses whether it is safe for it to. . .  Full story

Russia's Gazprom discusses gas deliveries to China with CNPC

25/04 Russian gas producer Gazprom has discussed gas deliveries to China with China National Petroleum Corporation (CNPC), Gazprom said in a statement on Thursday.. . .  Full story

With merger blocked, what happens to Sainsbury's and Asda?

25/04 Britain's competition regulator on Thursday blocked Sainsbury's 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda, saying it would have resulted in higher prices for shoppers.. . .  Full story

Less to lose: Germany's poorer East embraces tech revolution

25/04 From the 12th floor of Jenoptik's headquarters, chief executive Stefan Traeger points to his laser factory and the university that provides it with talent. Welcome to "Optics Valley" - a role model for. . .  Full story

ExxonMobil increases its exploration acreage offshore Namibia

25/04 ExxonMobil Corp said on Thursday it plans to increase its exploration acreage offshore Namibia this year, including acquisition of seismic data and analysis.. . .  Full story

Poland's PKN says supply secure as Russian oil suspended

25/04 Poland's biggest oil refiner PKN Orlen has no plans at the moment to tap strategic state oil reserves after supplies from Russia stopped overnight, as it has enough crude from other sources, a board. . .  Full story

Germany has enough supply to cope with Russian oil pipeline halt

25/04 German refineries have adequate oil stocks to deal with a halt to import flows on the Russian Druzhba pipeline, a spokesman for industry group MWV said on Thursday.. . .  Full story

Shell, unions to meet on Thursday to discuss Pernis wage dispute - union

25/04 Dutch trade unions will meet with Royal Dutch Shell on Thursday afternoon to discuss the wage dispute which has hit production at Shell's Pernis oil refinery and Moerdijk chemical plants in recent weeks.. . .  Full story

Maruti Suzuki India to phase out diesel cars, sees weak year ahead

25/04 Maruti Suzuki India Ltd said on Thursday it would stop making all diesel cars beginning April next year and forecast a weak rate of growth for the current fiscal year, blaming uncertain fuel prices and. . .  Full story

UK minister: Huawei leaks "unacceptable", criminal investigation possible

25/04 British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation over the "unacceptable" disclosure of confidential discussions on the role of China's Huawei Technologies in 5G network supply chains.. . .  Full story

Acacia Mining core profit slumps as Tanzania woes continue

25/04 Acacia Mining Plc reported a slump in underlying core earnings as it struggled with production issues at its North Mara gold mine in Tanzania.. . .  Full story

Malawian telecoms company TNM's 2018 profit up 27 percent

25/04 Telkom Networks Malawi's (TNM) net profit rose 27 percent last year, helped by improved revenue streams and cost management, it said on Thursday.. . .  Full story

Volkswagen plans electric vehicle plant with JAC in China -local govt

25/04 German automaker Volkswagen AG's joint venture with China's Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.8 million) in a new electric car factory in eastern Hefei city, according to local authorities.. . .  Full story

Nokia plunges to surprise quarterly loss, shares hit six-month low

25/04 Finland's Nokia plunged to a surprise quarterly loss after it failed to supply 5G telecoms equipment in time, and said the security dispute surrounding rival Huawei was creating pressure to invest as customers reassess their. . .  Full story

Energy firm Iberdrola casts eye over Britain's ENW after strong Q1

25/04 Leading wind energy producer Iberdrola raised its 2019 guidance for net profit and dividend growth on Thursday, and said it might bid for UK distribution network operator Electricity North West (ENW).. . .  Full story

Wirecard seeks to refocus on growth after audit approval

25/04 German payments company Wirecard sought on Thursday to refocus on growth after securing audit approval of annual results which had been delayed by allegations of fraud and false accounting at its Singapore office.. . .  Full story

UK PM May clear protecting national security information is of highest importance -spokesman

25/04 British Prime Minister Theresa May is clear the protection of information on national security matters is of the highest importance, her spokesman said on Thursday.. . .  Full story

China expresses regret S.China Sea issue has harmed UK ties

25/04 Chinese Vice Premier Hu Chunhua expressed regret on Thursday to visiting British finance minister Philip Hammond that the South China Sea issue had harmed ties, after a British warship sailed close to islands claimed by. . .  Full story

Fashion retailer Laura Ashley hits life-low after another results warning

25/04 Fashion retailer Laura Ashley Holdings Plc warned its annual results would be significantly below market view after a challenging third quarter, sending its stock price to an all-time low on Thursday.. . .  Full story

Taylor Wimpey warns on margins, British homebuilders slump

25/04 Britain's third-largest homebuilder Taylor Wimpey warned on Thursday the rising cost of building materials would weigh on profit margins this year, hitting shares across the sector.. . .  Full story

Poland's PKN sees Russian crude quality improving within days

25/04 Poland's biggest refiner PKN Orlen expects the quality of Russian oil in the Druzba pipeline supplying Poland to improve within days, a board member said on Thursday.. . .  Full story

Nomura suffers 1st annual loss in a decade, scraps directors' bonuses

25/04 Japan's Nomura Holdings Inc reported an annual loss for the first time in a decade and said it would not pay directors' bonuses, amid rising pressure to right its wholesale business and drastically pare back. . .  Full story

Vattenfall Q1 profit grows as higher power prices offset output drop

25/04 Swedish utility Vattenfall reported increased operating and post-tax profit for the first quarter of 2019 on Thursday, as higher power prices than the same period last year offset a reduction in electricity generation.. . .  Full story