Bloomberg Drax Group Plc agreed to buy some of Iberdrola SA’s power plants for 702 million pounds ($923 million), boosting its clean energy assets in a further shift away from burning coal. The acquisition involves pumped storage, renewable hydro and gas-fired power assets and will increase the utility’s generation capacity by more than 60 percent to about 6.6 gigawatts, Chief …

Bloomberg HSBC Holdings Plc’s pension manager plans to invest 250 million pounds ($329 million) of its pension scheme into renewable energy infrastructure for wind and solar in the UK, joining around 30 other firms making similar climate change pledges. Amazon.com Inc. also committed to installing 20 megawatts of solar power at depots around the country, while EDF Energy Plc said …

Bloomberg PG&E Corp. has deliberately left customers in the dark for the first time as a precaution to prevent wildfires from breaking out. Almost 60,000 customers in six counties across the Sierra Nevada foothills and Northern California country were blacked out during a windstorm, according to Melissa Subbotin, a company spokeswoman. About 70 percent of those customers will have electricity …

Bloomberg US stocks fell as the week’s second big serving of corporate earnings did much less to reassure bulls than the previous day’s almost uniformly strong reports. The dollar and Treasuries rose. The S&P 500 Index slid back below 2,800, heading for a second loss in three days. IBM’s disappointing results dragged the Dow Jones Industrial Average lower by more …

Bloomberg Europe’s dark pools are filling up with equities again as some trading bans imposed under the MiFID II rules get lifted. About 8 percent of all equities trading took place on private stock markets known as dark venues in the past month, after regulators ended suspensions on nearly half of the previously affected stocks, according to a Bloomberg calculation …

Bloomberg Nordea Bank Abp, Scandinavia’s biggest lender, now risks being dragged into a money laundering scandal that has rocked the Nordic and Baltic region. Bill Browder, the UK-based investor tracking dirty money flows out of Russia, has filed complaints with Nordic prosecutors alleging he can pinpoint 365 Nordea accounts in Sweden, Denmark, Finland and Norway that received $175 million from …

Bloomberg Danske Bank A/S’s top pick for a new chief executive officer was rejected by the Nordic nation’s financial regulator, adding to turmoil at the lender that is mired in a money laundering scandal. The Copenhagen-based bank on Wednesday withdrew its application to the Danish Financial Supervisory Authority to name 40-year-old Jacob Aarup-Andersen, the head of its wealth management, as …

Bloomberg Sharon Donnery is getting closer to becoming the euro zone’s top bank supervisor as she and her two competitors ready for scrutiny by lawmakers and the European Central Bank. The deputy governor of Ireland’s central bank can count on the support of a bloc of ECB policy makers from northern nations when the Governing Council holds a secret ballot …

Bloomberg Goldman Sachs Group Inc’s dealmakers celebrated one of their own rising to the top of the firm by delivering an unexpected boost to his first month. Wall Street’s top advisory franchise delivered in a quarter when most of its competitors were beset by a slowdown in completed merger transactions and underwhelming debt-underwriting activity. Goldman Sachs’s investment-banking group posted a …

Bloomberg Morgan Stanley is a clear winner, posting its biggest share rally since February 2017, after reporting third-quarter results earlier, garnering near-universal approval from Wall Street analysts picking through its report. Goldman Sachs Group’s stock is gaining too, but just the most since September 19, while its earnings are getting more of a cold eye. Morgan Stanley is scoring the …