By Shristi Achar A (Reuters) -Britain’s FTSE 100 fell on Wednesday, logging its biggest one-day percentage drop in three weeks, as concerns of recession in the United States and overnight losses on Wall Street shrouded upbeat domestic earnings. The blue-chip index fell 0.3%, down for the third straight session, while the mid-cap FTSE 250 shed …
Global recession fears weigh on UK stocks; Persimmon rallies Read More »
By Shubham Batra (Reuters) -European shares fell on Wednesday and were set for their biggest one-day drop in a month, as banking sector worries overshadowed initial euphoria from solid earnings by tech giants Microsoft and Alphabet. The pan-European STOXX 600 index fell 0.7%, as regional banking stocks dropped 1.2%. Banking sector concerns revived after shares …
European shares fall as banking sector jitters eclipse upbeat earnings Read More »
By Tim Hepher PARIS (Reuters) -Airbus has changed the leadership of its A320-family jetliner programme, the profit backbone of the world’s largest planemaker, as it faces a steep production ramp-up in the face of industrial pressures, industry sources said on Wednesday. Current programme leader Michael Menking has been appointed head of special projects for the …
Airbus shakes up leadership of A320-family jet programme Read More »
By Tim Hepher PARIS (Reuters) -French aero engine maker Safran unveiled stronger than expected quarterly revenues on Wednesday, buoyed by a swift recovery in air travel, but predicted problems with aviation’s supply chain could drag into next year. “The (pandemic) demand crisis is well and truly behind us,” Chief Executive Olivier Andries said after reporting …
Safran posts strong sales but sees supply chain risks Read More »
(Reuters) -Swedish steelmaker SSAB reported a smaller than expected fall in first-quarter earnings on Wednesday, sending its shares up by more than 4%. SSAB, which operates steel businesses on both sides of the Atlantic, said it expected second-quarter shipments to be “somewhat higher” thanks to improving demand in Europe. The group increased production and deliveries …
Swedish steelmaker SSAB buoyed by smaller than expected profit fall Read More »
OSLO (Reuters) – Abu Dhabi National Energy Company PJSC (TAQA) and Britain’s Octopus Energy Group have invested 30 million pounds ($37.36 million0 into a subsea power cable project, which aims to connect Morocco and the UK, project company Xlinks said on Wednesday. TAQA invested 25 million pounds, and Octopus 5 billion in the development funding …
Octopus Energy, Abu Dhabi energy firm invest in UK-Morocco power cable project Read More »
By Manya Saini, David French and Saeed Azhar (Reuters) -First Republic Bank faces dwindling and tough options to turn around its business with the creation of a ‘bad bank’ or asset sales possibilities, a source familiar with the matter said, after the lender showed the extent of deposit flight during last month’s banking crisis. First …
More bank jitters as First Republic probes asset sales, ‘bad bank’ options -source Read More »
By Anne Kauranen HARJAVALTA, Finland (Reuters) – Finnish utility Fortum said on Tuesday it has begun recovering raw materials from the “black mass” of electric vehicle batteries at its new recycling facility in Finland. Black mass is the shredded material which comes from used batteries, which can include lithium, cobalt, and nickel. These metals can …
Finland’s Fortum begins battery material recovery from EV ‘black mass’ Read More »
By Blake Brittain (Reuters) -Voting technology company Smartmatic USA Corp on Tuesday fended off a patent infringement lawsuit brought by competitor Election Systems & Software LLC, persuading a federal judge that the last patent remaining in the case is invalid. U.S. District Judge Richard Andrews in Delaware said the voting-machine patent covered unpatentable abstract ideas …
Smartmatic defeats patent lawsuit from voting machine rival ES&S Read More »
(Reuters) -FTX has reached an agreement to sell its crypto derivatives platform LedgerX LLC to an affiliate of Miami International Holdings Inc for $50 million, the bankrupt crypto exchange said on Tuesday. FTX will seek U.S. bankruptcy court approval for the sale at a May 4 hearing. “We are pleased to reach this agreement with …
Bankrupt crypto firm FTX to sell LedgerX for $50 million Read More »
