By Pranav Kashyap and Shristi Achar A (Reuters) -European shares rose on Monday, rebounding from steep losses in the previous session, while investors assessed the implications of President Joe Biden’s exit from the U.S. presidential election race. The pan-European STOXX 600 index gained 0.9% as of 0847 GMT, snapping its longest losing steak in nine …
European stocks rebound from biggest weekly drop this year Read More »
FRANKFURT (Reuters) – European Central Bank policymaker Peter Kazimir opened the door on Monday to two more interest rate cuts by the end of the year if data justified them. “The doors remain open to additional easing should the environment warrant and justify such action,” the Slovak governor said in a blog post. “Financial markets …
(Reuters) -UK shopping mall owner Hammerson said on Monday it is selling its entire 42% stake in luxury shopping centre operator Value Retail to LVMH-backed private equity firm L Catterton for an enterprise value of 1.5 billion pounds ($1.94 billion). Shares in Hammerson were up 4.5% at 30.34 pence at 0842 GMT after initially jumping …
By Mathieu Rosemain and Tassilo Hummel PARIS (Reuters) -French media group Vivendi said it will pursue a London listing for Canal+, while its Havas advertising business will be listed in Amsterdam under its break-up plans. Vivendi will essentially become a listed investment holding company under the plans fleshed out on Monday, managing notably a 10% …
Vivendi says Canal+ to be listed in London under break-up plan Read More »
By James Davey LONDON (Reuters) -British online supermarket and technology group Ocado said on Monday its U.S. partner Kroger had placed an order for a wide range of new automated technologies to roll out in warehouses across its network. Ocado shares slumped last month after its Canadian supermarket partner Sobeys paused the opening of a …
Ocado boosted as partner Kroger orders new automated technologies Read More »
By Alexander Hübner and Christoph Steitz MUNICH (Reuters) – Shares in Varta plunged on Monday after the German battery maker said restructuring options to avert insolvency would leave equity investors with nothing. The stock was down 80% after the open on Monday at a record low, following a statement on Sunday that two remaining turnaround …
Varta stock nosedives as rescue plans leave shareholders with nothing Read More »
By Conor Humphries DUBLIN (Reuters) -Ryanair’s profit slumped by almost half in its April-June quarter from a year earlier, falling well short of analysts’ estimates as fares plunged 15% with management saying that ticket prices were continuing to deteriorate. The warning by Europe’s largest airline by passenger numbers underscores worries about a weaker-than-expected summer for …
Ryanair quarterly profit plummets, sees ‘materially lower’ summer fares Read More »
LONDON (Reuters) -Boeing is seeing a significant improvement in production flow at its 737 MAX factory, its new commercial planes chief said on Sunday, as the U.S. planemaker battles to overcome a safety crisis. Speaking to reporters in London ahead of this week’s Farnborough Airshow, Stephanie Pope said the changes Boeing was making to the …
Boeing sees significant improvement in 737 MAX factory after safety crisis Read More »
LONDON (Reuters) – Airbus is looking at opportunities to create scale in defence, space and particularly satellites markets, CEO Guillaume Faury said on Sunday. Airbus and France’s Thales are exploring a tie-up of some space activities as new competition disrupts the sector, two industry sources said last week. The sources said preliminary talks, first reported …
Airbus looking at opportunities to create scale in space, satellites Read More »
LONDON (Reuters) – There are some signs of a decline in airline yields but this is not yet affecting demand for new aircraft, Airbus’s planemaking chief Christian Scherer said on Sunday. Speaking ahead of the Farnborough Airshow, Scherer also said Airbus aimed to beat its recently reduced delivery target of 770 planes for this year. …
Airbus says pressure on airline yields not yet impacting jet demand Read More »
