Reuters UK Business

By Bansari Mayur Kamdar (Reuters) -European shares extended losses on Tuesday as elevated bond yields pressured the rate-sensitive technology sector, while weakness in China-exposed stocks persisted on slowdown jitters in the world’s second-largest economy. The pan-European STOXX 600 shed 0.5% by 0814 GMT, as the benchmark 10-year Bund yields edged lower but hovered near their …

European shares slide as firm yields weigh, China woes persist Read More »

PARIS (Reuters) – France has no plans to exit European Union power price mechanisms, French Environment Minister Christophe Bechu said on Tuesday, but gave no details on how France would “take back control of power prices” as President Emmanuel Macron said it would do. Macron said on Monday that France’s fleet of nuclear plants and …

France will not exit EU power price mechanisms – minister Read More »

By James Davey LONDON (Reuters) -British online fashion retailer ASOS reported a 15% fall in fourth quarter sales and forecast earnings around the bottom of its guided range but said it was making progress with its turnaround plan. The group, led by CEO José Antonio Ramos Calamonte, announced an overhaul of its business model last …

UK fashion retailer ASOS expects profit at low end of guidance as overhaul falters Read More »

By Tim Hepher PARIS (Reuters) -Airbus confirmed the appointment of sales chief Christian Scherer as CEO of its core planemaking operation on Tuesday, restoring dedicated leadership of its main business for the first time in four years as it steps up jet production. The world’s largest planemaker said that group CEO Guillaume Faury, who has …

Airbus names sales chief Scherer CEO of planemaking arm Read More »

(Reuters) – Coty has submitted an application for dual listing of its shares on the Paris Stock Exchange, the company said on Monday, as the CoverGirl cosmetics parent looks to tap into European investor interest. The company said it was launching a global offering of 33 million shares and plans to use the proceeds to …

Cosmetics maker Coty submits application to list on Paris Stock Exchange Read More »

By Tim Hepher PARIS (Reuters) -Air France-KLM said on Monday it plans to order 50 Airbus A350 long-haul jets, together with purchase rights for an additional 40, in its largest-ever wide-body purchase as the Franco-Dutch group revamps its long-haul fleet. The provisional deal includes both the A350-900 and the larger A350-1000 models, and the aircraft …

Air France-KLM says it plans to buy 50 Airbus A350 jets Read More »