Reuters UK Business

Embraer’s Eve, lessor Falko sign deal, potential for electric aircraft order

11 Jan 2022

SAO PAULO (Reuters) – Brazilian planemaker Embraer SA said on Tuesday its subsidiary Eve has entered a partnership with lessor Falko Regional Aircraft on electric vertical take-off and landing (eVTOL) aircraft. The deal could result in an order of 200 eVTOLs from UK-based Falko, Embraer said in a securities filing. The companies aim to “develop …

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Long-term hiring drives recruiter Robert Walters’ upbeat forecast

11 Jan 2022

By Amna Karimi (Reuters) – British recruitment group Robert Walters on Tuesday forecast annual profit would exceed current expectations after posting higher quarterly net fees, driven by organisations hiring for the longer term and with vacancies to fill. “We are seeing candidate shortages across all locations and disciplines, a fierce competition for talent, and wage …

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Power fuels aluminium’s price surge to record in Europe

11 Jan 2022

By Pratima Desai LONDON (Reuters) – Costs of aluminium for European consumers are scaling record highs due to soaring energy costs and production cuts, which have exacerbated deficits of the metal used in the power, construction and packaging industries. Graphic: Aluminium uses breakdown- https://fingfx.thomsonreuters.com/gfx/ce/movanwwnkpa/aluminium%20consumption.PNG Consumers buying aluminium on the physical market usually pay the benchmark …

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Uber rival Bolt raises $711 million at valuation of over $8 billion

11 Jan 2022

By Supantha Mukherjee STOCKHOLM (Reuters) – Estonian startup Bolt said on Tuesday it had raised 628 million euros ($711.40 million) from investors led by Sequoia Capital and Fidelity Management and Research Co, taking its valuation to 7.4 billion euros ($8.38 billion). Bolt, a rival of Uber’s ride-sharing and food delivery business, last raised funding in …

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Darktrace shares glow as UK cyber group lifts outlook

11 Jan 2022

By Kate Holton LONDON (Reuters) -British cyber security firm Darktrace lifted its full-year revenue and margin guidance on Tuesday after it enjoyed a near 40% jump in customers, driving its shares higher after a recent slump. Darktrace, which uses artificial intelligence to detect attacks and vulnerabilities inside IT networks rather than building barriers at the …

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Omicron boosts UK supermarket spending, hits hospitality: surveys

11 Jan 2022

LONDON (Reuters) – British consumers shunned restaurants and hotels last month as the Omicron coronavirus variant spread and they spent heavily on eating at home ahead of the Christmas holidays instead, surveys showed on Tuesday. Payment card provider Barclaycard said stronger supermarket shopping led a 12.2% rise in consumer spending over its pre-pandemic level in …

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Trust ECB to stabilise inflation, Lagarde tells citizens

11 Jan 2022

FRANKFURT (Reuters) – Euro zone citizens worried about rising prices can trust the European Central Bank to stabilise inflation, ECB President Christine Lagarde said on Tuesday. “We understand that rising prices are a concern for many people, and we take that concern very seriously,” Lagarde said. “But people can trust that our commitment to price …

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UK considering cut to green levy to soften energy price surge – The Times

11 Jan 2022

LONDON (Reuters) – Britain’s finance ministry is considering cutting a green levy on energy bills as a way to help consumers who are already facing high inflation, The Times newspaper reported on Tuesday. The Treasury was reviewing the Energy Company Obligation, a 1 billion-pound ($1.36 billion) levy on energy bills which pays for insulation and …

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Shares in Italian bank Carige fall after BPER picked for rescue deal

11 Jan 2022

(Refiles to add name of Italian banking fund in para 2) By Andrea Mandala and Valentina Za MILAN (Reuters) – Shares in Italian bank Carige fell more than 10% on Tuesday after domestic rival BPER Banca secured exclusive rights to discuss an acquisition of the ailing lender. FITD, the Italian banking fund that has owned …

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