MILAN (Reuters) – Shares in Telecom Italia (TIM) rose 2.9% on Monday after state investor CDP renewed its support for a stalled plan to merge the former phone monopoly’s network assets with those of fibre optic rival Open Fiber. Italy should quickly build a single broadband network to avoid duplicating investments as it prepares to …
TIM shares up as state investor CDP calls for single network Read More »
HELSINKI (Reuters) – Two Nordea analysts suspended from publishing research after they wrote a paper that equated COVID-19 lockdowns with prison “or worse” have resigned, Nordea said on Monday, adding that the piece went against the bank’s values. On Nov. 20, Copenhagen-based Andreas Steno Larsen and Stockholm-based Martin Enlund published a research note in which …
Two analysts leave Nordea after bank says publication goes against its values Read More »
PARIS (Reuters) – Airbus provisionally exceeded its target of 600 jet deliveries in 2021, with final totals depending on a still incomplete audit, industry sources said on Monday. Deliveries of aircraft went down to the wire, with several handovers completed on Dec 31, according to specialist website Hamburg Finkenwerder News and flight-tracking data. Airbus declined …
Airbus exceeds target of 600 jet deliveries in 2021, sources say Read More »
LONDON (Reuters) – The British government has asked public sector managers to test their contingency plans against a worst-case scenario of 25% staff absence as part of efforts to minimise disruption from the rapid spread of the Omicron variant of COVID-19. With daily infection numbers at a record high and people who test positive required …
UK government seeks to mitigate workforce disruption from Omicron Read More »
By Giulio Piovaccari MILAN (Reuters) -Iveco shares sank on its market debut on Monday as CEO Gerrit Marx said the standalone Italian truckmaker would offer a bet on a small but dynamic company with proven turnaround skills. Spanning truck, bus, powertrain and speciality vehicle businesses, Iveco completed its spin-off from CNH Industrial on Jan.1, mirroring …
Iveco shares skid as Italian truckmaker hits the road alone Read More »
PARIS (Reuters) -France will spend about a hundred million euros to expand financial aid for companies hit by the COVID-19 pandemic, Finance Minister Bruno Le Maire said on Monday. This will include lowering the threshold for companies to claim state support for turnover losses, he said, adding that all businesses in the tourism sector, in …
France to expand financial aid for companies hit by COVID-19 pandemic Read More »
FRANKFURT (Reuters) – European prompt power prices on Monday notched up sharp gains as German day-ahead wind power supply was seen halving while demand rose due to falling temperatures. While generally strong wind and comparably weak demand will likely cap prices this week, the German week ahead position increased strongly to reflect schools holidays ending …
LONDON (Reuters) – Manufacturing activity in the euro zone remained resilient at the end of 2021 as factories took advantage of an easing in supply chain bottlenecks and stocked up on raw materials at a record pace, a survey showed. The global coronavirus pandemic had left factories struggling to get the materials they need and …
Euro zone factory growth stayed strong in Dec as supply issues eased -PMI Read More »
BERLIN (Reuters) – Supply bottlenecks held back German manufacturing activity in December, but manufacturers with full order books expressed confidence that these constraints will ease in 2022, a survey showed on Monday. IHS Markit’s Final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of the economy, was unchanged at 57.4, slightly …
German manufacturers hope supply constraints will ease in 2022 -PMI Read More »
PARIS (Reuters) – Jet engine maker Safran believes the worst of the crisis in aviation caused by COVID-19 is over, and plans to hire 12,000 people worldwide this year to build its capacity back up, its chief executive told a French newspaper. “Today air traffic is recovering, the placing of orders is dynamic, the tempo …
Jet maker Safran plans 12,000 hires in 2022 as air traffic recovers Read More »
