LONDON (Reuters) -British utility Thames Water lodged an appeal to the country’s competition regulator on Friday, beginning a process to try to raise the prices it can charge customers for the next five years and improve its chances of survival. Thames Water is waiting to hear whether the courts will approve a 3 billion pound …
UK’s Thames Water lodges appeal to try to raise customer bills Read More »
PARIS (Reuters) – The head of French jet engine maker Safran said on Friday he was certain Boeing would reach key production milestones for the 737 MAX jet during this year. “Boeing had a very good start to the year in January,” CEO Olivier Andries said, referring to data that saw Boeing outpace European rival …
Engine maker Safran upbeat on Boeing 737 MAX production this year Read More »
By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -The Russian central bank kept its benchmark interest rate on hold at 21% at a board meeting on Friday as the rouble and stock market rallied after a phone call between U.S. President Donald Trump and Russian President Vladimir Putin. The central bank hiked the key rate …
Russia keeps rates on hold as Trump-Putin contact boosts markets Read More »
MOSCOW (Reuters) -Russian Central Bank Governor Elvira Nabiullina addressed a news conference on Friday after the central bank kept its key interest rate on hold at 21%. Nabiullina spoke in Russian. The quotes below were translated into English by Reuters. *NABIULLINA ON THE POSSIBILITY OF A RATE CUT: “We didn’t discuss a rate cut. We …
Russia’s Nabiullina on interest rates, rouble, inflation and Ukraine Read More »
By Gianluca Lo Nostro and Hugo Lhomedet (Reuters) – Shares of French satellite service provider Eutelsat plunged on Friday after the company flagged lower cashflow from its geostationary equatorial orbit (GEO) satellites and forecast lower investments as competition from Elon Musk’s Starlink mounts. Shares of the Paris-based group fell 17% by 1255 GMT as the …
Eutelsat’s shares tumble as Starlink competition mounts Read More »
By Jesus Calero (Reuters) -Norsk Hydro has closed four extrusion plants in the United States, Britain, France and Lithuania to cut costs in the unit hit by weak electric vehicle sales, the Norwegian aluminium producer said after it posted a quarterly profit miss on Friday. The closures, which were carried out over 2024 and led …
Norsk Hydro closed four extrusion plants in 2024 to cope with soft EV demand Read More »
(Corrects the story published on February 11 to say Aperam is based in Luxembourg, not France, in paragraph 1; specifies its scope of operations in paragraph 8) By Alessandro Parodi (Reuters) -Luxembourg-based steel group Aperam on Tuesday called on Brussels to intervene to curb imports if new 25% tariffs on all steel and aluminium imports …
(Reuters) – Coca-Cola Europacific Partners, a bottling unit of Coca-Cola, reported a 5% rise in fourth-quarter sales on Friday, helped by strong demand for higher-priced beverages, especially in the Australia, Pacific and Southeast Asia markets. The UK-based company, which bottles Coca-Cola’s beverages including Coca-Cola, Sprite and Monster in Western Europe and Australia, also said it …
Coca-Cola Europacific Partners post quarterly revenue rise on strong demand Read More »
(Reuters) – Airbnb shares rose as much as 13.3% in premarket trade on Friday after the vacation home rentals company beat Wall Street estimates for fourth-quarter results, boosted by strong international travel demand. Travel companies have been helped by healthy demand in Asia, especially from Chinese consumers visiting destinations in Southeast Asia. Airbnb said that …
Airbnb shares jump on strong quarterly results, expansion plans Read More »
LONDON (Reuters) – Sterling rose to its strongest level against the dollar this year on Friday, after UK GDP data earlier this week sweetened the mood around the strength of the British economy, while the dollar weakened on some relief over U.S. tariff threats. At 1043 GMT, the pound rose 0.1% to $1.25775 against the …
Sterling rises to 2025 high as easing tariff fears dent dollar Read More »
