By Sarah Young LONDON (Reuters) -The British government was working with airlines on Tuesday to help ensure passengers stranded in airports across Europe can get home after an air traffic control glitch caused widespread disruption to flights that is expected to last for days. More than 1,500 flights were cancelled on Monday – a public …
UK air traffic failure set to disrupt flights for days Read More »
By Jody Godoy (Reuters) – A Manhattan federal judge dismissed a lawsuit against Unilever Plc on Tuesday that claimed the company misled U.S. investors by not immediately disclosing a decision by its Ben & Jerry’s unit to stop selling ice cream in Israeli-occupied Palestinian territories. A Michigan pension fund sued in June 2022, seeking damages …
Unilever beats shareholder case over Ben & Jerry’s Israel boycott Read More »
MOSCOW (Reuters) – Russia’s Gazprom said on Tuesday it generated a net loss of 18.6 billion roubles ($197 million) in the second quarter of 2023 after a net profit of 1.03 trillion roubles a year earlier following the collapse of gas exports to Europe. Gazprom has suspended the disclosure of its exports data, but according …
Russia’s Gazprom says it swings to Q2 net loss as exports to Europe slump Read More »
By Ankika Biswas and Shashwat Chauhan (Reuters) -European shares closed at a two-week high on Tuesday, led by miners on strength in metal prices and the Netherlands’ largest insurer NN Group on strong capital generation, while UK shares outperformed their regional peers after a long weekend. The pan-European STOXX 600 closed 1% higher in broad-based …
European shares at two-week high; UK’s FTSE 100 outperforms Read More »
By Siddarth S and Khushi Singh (Reuters) -The exporter-heavy FTSE 100 index hit a two-week high on Tuesday, following an extended weekend as miners rose on policy optimism from China, while Britain’s plan to scrap some water pollution rules boosts homebuilders. The blue chip index surged 1.7%, while the domestically focused FTSE 250 rose 1.9%. …
Miners, homebuilders boost FTSE 100 to 2-weeks high Read More »
By Nerijus Adomaitis OSLO (Reuters) -Norway’s latest offshore oil and gas exploration licensing round attracted bids from 25 companies, including Shell, ConocoPhillips, Aker BP and Equinor, the energy ministry said on Tuesday. Norway’s annual award of new offshore acreage for drilling is central to the country’s strategy of extending oil and gas production for decades …
Norway oil and gas exploration round attracts bids from 25 companies Read More »
By Eva Mathews (Reuters) -British business supplies distributor Bunzl forecast a rise in full-year adjusted operating profit on Tuesday, betting on higher margins from its healthcare and hygiene products and booming demand for its own brands. Shares in the company rose more than 3%. Bunzl, which sells products ranging from plastic spoons to gloves and …
UK’s Bunzl expects higher annual operating profit as own brand demand picks up Read More »
DUBLIN (Reuters) – The post-pandemic trend of people prioritising travel could be a more permanent change in consumers’ spending habits, the head of Ireland’s largest hotel group Dalata said on Tuesday. The company, which operates the Maldron and Clayton brands and also runs 19 hotels in the United Kingdom, reported a 24% year-on-year jump in …
‘Revenge travel’ could be here to stay – Irish hotel chief Read More »
BERLIN (Reuters) – German companies see the energy transition bringing more risks than opportunities for their competitiveness, the DIHK Chambers of Commerce and Industry said on Wednesday. For half of the more than 3,500 companies surveyed by the DIHK, the transition towards renewable energies and away from Russian gas will have a very negative or …
MILAN (Reuters) – Italy’s Treasury can take full ownership of Telecom Italia’s (TIM) submarine cable unit Sparkle as part of an agreement with U.S. fund KKR to jointly bid for the group’s landline grid, a draft government decree showed on Tuesday. The cabinet on Monday approved two decrees providing for the Treasury to take a …
Italy set to take over Telecom Italia’s submarine cable unit -draft Read More »
