MOSCOW (Reuters) – The board of Russia’s natural gas company Gazprom does not plan to consider buying back its shares or shares in the OGK-2 subsidiary, the company said on Wednesday. In a corporate filing this week, Gazprom said the agenda of its Sept. 13 board meeting included “approval of acquisition of shares”. “It does …
Gazprom has no immediate plans to consider share buyback Read More »
By David Milliken and William Schomberg LONDON (Reuters) -The Bank of England is “much nearer” to ending its run of interest rates increases but borrowing costs might still have further to rise because of stubborn inflation pressures, Governor Andrew Bailey said on Wednesday. “I think we are much nearer now to the top of the …
Bank of England is ‘much nearer’ to peak interest rates, Bailey says Read More »
PARIS (Reuters) – Airbus delivered 52 planes in August to bring the total so far this year to 433 units, the European planemaker said on Wednesday. It also sold 117 planes to bring the total so far this year to 1,257, or 1,218 after cancellations. Its total backlog of unfilled orders topped 8,000 units for …
By Khushi Singh and Siddarth S (Reuters) – Britain’s FTSE 100 edged lower on Wednesday as recent economic data from U.S. and Europe continued to dampen global sentiment, while WH Smith led midcaps lower as the retailer fell short of a recently raised profit forecast. The exporter-heavy FTSE 100 index was down 0.2%, still clocking …
London stocks extend losses on global economic gloom, WH Smith slides Read More »
MUNICH (Reuters) – BMW Chief Executive Oliver Zipse, in a speech on Wednesday, called on China to expand its hydrogen network in urban areas and clarify public charging standards to encourage customer uptake of electric cars. “The same policy incentives for electromobility are needed for hydrogen to achieve a breakthrough,” he said, speaking at China’s …
BMW CEO calls on China to expand hydrogen network Read More »
By Vera Eckert and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -German oil and gas producer Wintershall Dea on Wednesday tried to assuage fears that the hit from its planned Russian exit would be too painful, saying its remaining operations were strong and stable. Chief Executive Mario Mehren told Reuters that the company considered its Germany, Norway, North …
Plotting Russian exit, Wintershall Dea says rest of business is strong Read More »
LONDON (Reuters) – Administrators of British homeware and household goods retailer Wilko plan to lay off more staff as more shops are closed, in addition to the 1,300 it has already made redundant, PwC said on Wednesday. PwC said that over 50 stores would be shut across the country next week, adding that discussions with …
BRUSSELS (Reuters) – Retail sales in the euro zone declined in July, though only due to reduced automotive fuel purchases, while June registered an increase rather than the decline reported last month, data showed on Wednesday. Retail sales volumes in the 20 nations sharing the euro currency fell by 0.2% in July from June and …
Euro zone retail sales dip as auto fuel purchases fall in July Read More »
DUBLIN (Reuters) – Aircraft lessor AerCap on Wednesday said it had agreed a $645 million settlement with Russian state state-controlled airline Aeroflot regarding 17 aircraft and five spare engines that were stranded when Russia invaded Ukraine last year. AerCap, the world’s largest aircraft lessor, in March said it had been approached by Russian airlines and …
Aircraft lessor AerCap settles Russia Aeroflot claim for $645 million Read More »
By Sruthi Shankar (Reuters) -European stocks extended losses for a sixth consecutive session on Wednesday as worries about slowing global growth and higher crude prices spurring inflationary pressures dented sentiment. The pan-European STOXX 600 index slipped 0.6% to hit its lowest level in more than a week. The global mood soured as Brent crude prices …
European stocks extend losses as slowdown, rate jitters weigh Read More »
