Reuters UK Business

By Toby Sterling and Tim Hepher AMSTERDAM (Reuters) – Lawyers who say they are representing “a hundred” institutional investors have filed a class action lawsuit against Airbus in a Dutch court, saying they suffered at least 300 million euros ($339 million) in damages as a result of company misconduct. The suit, filed by the Foundation …

Airbus faces $339 million class action suit in the Netherlands, lawyers say Read More »

PARIS (Reuters) – Airbus delivered at least 605 jetliners in 2021 and the final tally could rise as high as 611 depending on the outcome of a final audit, industry sources said on Friday. Reuters reported earlier this week that Airbus had beaten its full-year target of 600 deliveries, maintaining a lead over U.S. rival …

Airbus 2021 deliveries hover between 605 and 611 units -sources Read More »

PARIS (Reuters) – The French government is working on further measures to limit the surge in electricity prices, the finance minister said on Friday, wary of the political fallout three months before a presidential election. “Look what’s going on in Kazakhstan, it’s quite indicative of what can happen when energy prices explode, it’s politically dangerous,” …

Wary of political fallout, France looks to limit power price surge Read More »

(Reuters) – British Gas, owned by Centrica, said on Friday it has not asked for government money to help weather ongoing energy price spikes, and suggested a suspension of value-added tax on energy bills and other measures to help consumers. Soaring wholesale prices for gas and power over the last year, and especially since the …

British Gas suggests VAT suspension on energy bills to help consumers Read More »

BERLIN (Reuters) – Daimler’s Mercedes-Benz sold 2.05 million vehicles in 2021, the company said on Friday, losing its crown for the first time in five years as the premium carmaker with the most vehicles sold to BMW. The smart brand delivered an additional 38,514 vehicles, while Mercedes-Benz Vans sold 334,210, a 2.5% increase from last …

Daimler’s Mercedes-Benz sees 5% sales drop in 2021 Read More »

(Reuters) – Poland’s InPost on Friday reported weaker-than-expected growth in quarterly parcel volumes in its home market, sending shares in the parcel locker firm sharply lower. Fourth-quarter volume of parcels delivered to its flagship automated parcel lockers (APMs) in Poland rose 25% year on year, the company said. That was below guidance of 29%-35%, analysts …

InPost’s parcel volume slowdown knocks shares Read More »

FRANKFURT (Reuters) – Euro zone entrepreneurs pared back their expectations for price rises for the first time in more than a year last month, data showed on Friday, in what could be an early sign that a bout of inflation in the bloc is finally easing. A majority of companies, particularly in the manufacturing sector, …

Euro zone businesses pare back price expectations for first time in over a year Read More »

BERLIN/DUESSELDORF (Reuters) – Irish low-cost airline Ryanair will shut its base in Frankfurt from March 31 and shift the five aircraft it has stationed there elsewhere, it said on Friday, citing high airport fees. All Ryanair flights to and from Frankfurt, Germany’s busiest airport, from March 31 have been cancelled, it said. Pilots and crew …

Ryanair to stop flying to Frankfurt from end-March Read More »