Reuters UK Business

By Padraic Halpin DUBLIN (Reuters) -Ryanair CEO Michael O’Leary said on Monday that a “recessionary feel around Europe” could be a factor in slower-than-expected growth in airfares as the low-cost carrier posted record annual profits slightly ahead of expectations. O’Leary warned two weeks ago that summer fares would likely be lower than the 5% to …

Ryanair boss says ‘recessionary feel’ could be limiting air ticket price rises Read More »

By Ron Bousso and Deep Kaushik Vakil LONDON (Reuters) – North Sea oil and gas producers are merging and shifting overseas as Britain’s windfall tax slashes profits and as the opposition Labour Party threatens more tax if it wins the next general election. The change of strategy could accelerate the decline of domestic production, risking …

Analysis-North Sea energy firms look beyond UK after tax squeeze Read More »

PARIS (Reuters) – Bondholders of French IT company Atos have rejected a buyout offer from Czech billionaire Daniel Kretinsky, French weekly La Tribune reported on Saturday. The bondholders were reported to have cited Kretinsky’s plan to wipe almost all of the company’s debt and fears that he would break up the former blue-chip technology company, …

Atos bondholders reject Kretinsky buyout offer, La Tribune reports Read More »

ROME (Reuters) – Italy’s foreign minister and officials will meet on Monday to discuss Russia’s recent action to seize assets or impose restrictive measures on Italian companies including UniCredit, sources with knowledge of the matter said. On Friday a Russian court ordered that UniCredit’s assets, accounts and property, as well as shares in two subsidiaries, …

Italy’s foreign ministry to discuss Russian action against Unicredit on Monday Read More »

LONDON (Reuters) -British retailer Marks & Spencer apologised to customers on Saturday after its website and app went offline for several hours because of a “technical issue”. Visitors to the group’s site were from around lunchtime greeted with the message: “PLEASE BEAR WITH US. Sorry you can’t shop with us right now. We’re working hard …

Britain’s M&S apologises after website and app hit by ‘technical issue’ Read More »

(This May 16 story has been officially corrected to say Adidas is making cheaper versions for Deichmann and Intersport, not Foot Locker, in paragraph 4) By Linda Pasquini (Reuters) – Adidas is launching cheaper versions of its three-striped shoes like the white and black suede Samba as it aims to spread the trend, CEO Bjorn …

Adidas plans cheaper versions of popular shoes Read More »