Woodside Investors Vote Down Climate Plan, Rebuking Australias Top Gas Producer

SYDNEY, April 24 Reuters Shareholders rejected Woodside Energy39;s climate plan on Wednesday, marking a symbolic victory for activists who have called for Australia39;s biggest gas producer to stop new fossil fuel projects, but its chairman survived a push to oust him. Following a lengthy campaign by activists, 58 of the votes opposed Woodside39;s climate transition plan […]
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Spains Iberdrola Raises Profit Guidance after Strong Q1

MADRID, April 24 Reuters Spanish utility Iberdrola on Wednesday raised its profit target for the year after a strong first quarter on the back of high renewable output in Spain and tariff increases in its network business in the U.S. and elsewhere. It now expects high singledigit profit growth this year, from previous guidance for growth […]
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Taiwan Chipmaker UMC Warns of Muted Auto, Industrial Demand

TAIPEI, April 24 Reuters Taiwanese chipmaker UMC said on Wednesday it expected a rise in wafer shipments in the second quarter as inventory levels for computing, consumer and communications segments improved, but warned of muted auto and industrial demand. WHY IT39;S IMPORTANT Investors have been on edge about chip demand after UMC39;s much larger peer TSMC shocked the […]
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Financials, Metal Stocks Lead Indian Shares Higher

BENGALURU, April 24 Reuters Indian shares edged up on Wednesday, helped by gains in heavyweight financials and metals stocks, with investors focusing on earnings from key Nifty 50 constituents due this week. The NSE Nifty 50 was up 0.4 at 22,460.05 while the SP BSE Sensex rose 0.5 at 74,074.91 as of 1032 a.m. IST. Metal stocks appreciated […]
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Kering Shares Drop 8.5 after Profit Warning

MILANPARIS, April 24 Reuters Shares in French luxury group Kering fell 8.5 in early trade on Wednesday, after the company said it expected a 4045 plunge in firsthalf operating profit. Firstquarter sales at Kering declined 10 as wealthy shoppers curbed spending on products from its star label Gucci. The revenue decline and investment needed in the brand will […]
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