Danske Commodities signs deal with German energy purchasing group
The deal corresponds roughly to the consumption of 48,000 households, Danske Commodities said in a statement, adding that the agreement will expand its existing partnership with E.optimum.
"The collaboration with Danske Commodities marks a significant step in our mission to transform the German energy market into a more sustainable one," Boris Kaser, chair of the executive board at E.optimum said.
Danske Commodities is an energy trading unit of Norway's Equinor (EQNR.OL), opens new tab.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mail
6 hours ago
- Daily Mail
Nissan Leaf is the most reliable electric car
Nissan's Leaf is the most reliable electric car, a study of EV garage repairs by Warranty Solutions Group has revealed. It topped the rankings with an 'impressively low' claim rate of just 3.06 per cent – with an average repair price of £300.10 – and comes as Nissan prepares to launch a new generation of its battery hatchback. The report said: 'This result reinforces the Leaf's reputation for dependable performance.' Second was Chinese-owned MG ZS EV with the Audi E-Tron third. Least reliable was the Tesla Model S, with an 'alarming' 50 per cent warranty claim rate and an average claim cost of £703.50.
Daily Mail
6 hours ago
- Daily Mail
Sales slump takes shine off world's biggest jeweller Pandora
Pandora shares slumped yesterday as sales at the world's biggest jeweller fell sharply in key European markets amid tariff woes. The Danish company, whose gems are advertised by actress Pamela Anderson, saw sales fall by 9 per cent in the UK – where it operates 280 shops – in the three months to June 30. They dropped by 7 per cent in France and Italy and 6 per cent in Germany but increased 8 per cent in the US, leaving total sales up 3 per cent at £820m. Growth subsequently slowed to 2 per cent in July. Pandora said it will consider price increases as it digests the impact of the tariffs. It predicted the levies will cost it £23m this year and £52m the next. Shares tumbled 18.4 per cent yesterday, adding to losses of more than a third this year so far.
Finextra
11 hours ago
- Finextra
N26 investors bid to oust co-CEOs after watchdog's criticism
Investors in N26 are working to remove the German digital bank's founders as co-chief executives after regulator BaFin once again identified risk management failings at the fintech, according to the Financial Times. 0 Backers are negotiating a deal that would see Valentin Stalf leave his role as co-CEO by September 1, with his fellow founder Max Tayenthal out by December 31, says the FT, citing sources. N26's supervisory board chair Marcus Mosen would step in as interim co-chief executive. Investors have moved to oust the founders after a BaFin special audit found "weaknesses in the internal control systems, processes and overall organisation," N26 stated in its annual report. The watchdog has indicated that it will issue a formal warning to two members of N26's management board and put in place a special monitor. The latest regulatory scrape comes a year after BaFin finally lifted a cap imposed in 2021 on the number of new customers the lender was allowed to onboard. That cap - along with a €9.2 million fine - was handed down over lax money laundering controls. It was set at 50,000 new customers a month before being increased to 60,000 in 2023, severely limiting growth at Germany's most valuable fintech. According to the FT, the latest issues forced N26 to put a funding round launched earlier this year on hold. The company had planned to buy out investors from its 2021 round who had been guaranteed a 25% annualised rate of return from when they invested. The deal to oust Stalf and Tayenthal would see them waive their special voting rights in exchange for the investors taking a haircut on their returns, says the FT.
