By Joanna Plucinska LONDON (Reuters) -Holiday group TUI said on Tuesday it was seeing a positive travel recovery trend for the upcoming summer season as holidaymakers make plans to enjoy their breaks following a pandemic hiatus. Many feared recessionary pressures could dampen demand for holidays, but results for airlines such as Ryanair, Wizz Air and …
TUI sees strong summer bookings as travel recovery gains momentum Read More »
(Reuters) – European shares opened higher on Tuesday, lifted by travel stocks after holiday group TUI’s flagged a positive travel recovery trend for the upcoming summer season. The continent-wide STOXX 600 index rose 0.3% by 0812 GMT. European travel & leisure stocks rose 0.6%. TUI’s German-listed shares rose 1.4%, while its shares listed in London …
European shares open higher as travel stocks shine Read More »
LONDON (Reuters) – Shares in Vodafone rose 2.4% at the open on Tuesday after John Malone’s Liberty Global said it had bought a near-5% stake in the British telecoms operator after the market closed on Monday. Liberty Global, which owns half of Virgin Media O2, a major rival to Vodafone in the UK, ruled out …
Vodafone shares rise 2.4% after Liberty Global buys 5% stake Read More »
By Jonathan Cable LONDON (Reuters) – The Bank of England will make its final increase to borrowing costs in the current cycle next month to combat double-digit inflation, according to a Reuters poll which showed the British economy is almost certainly entering a recession. One of the first major central banks to begin lifting interest …
By Muvija M and Tiyashi Datta LONDON (Reuters) -U.S.-listed Liberty Global disclosed a near-5% stake in British telecom group Vodafone on Monday, saying its larger rival’s shares were undervalued by the market but ruling out a takeover. Liberty Global Chief Executive Mike Fries called the stake in Vodafone, whose shares have heavily lagged London’s blue-chip …
Liberty Global takes 5% ‘opportunistic’ stake in Vodafone Read More »
By Pablo Mayo Cerqueiro (Reuters) – Germany’s Delivery Hero is offering investors significantly higher interest payments than it has done historically to raise 1 billion euros ($1.07 billion) through a new seven-year convertible bond announced on Monday. The company is proposing a coupon as high as 4% – payable semiannually – to secure the funds, …
Delivery Hero ramps up interest payments to raise 1 billion euro convertible bond Read More »
By Mathieu Rosemain PARIS (Reuters) -Three of France’s wealthiest families, including the owners of luxury group Chanel and the Peugeot family, are set to invest in a deal to take Paris-based investment bank Rothschild & Co private. Concordia, the bank’s controlling shareholder and holding company of the Rothschild family, an influential financial dynasty whose history …
Chanel owners to join Peugeot, Dassault families as Rothschild investors Read More »
PARIS (Reuters) – The French government has agreed to grant a 40 million euro ($42.9 million) loan to SLN, the New Caledonian nickel producer controlled by mining group Eramet facing financial collapse, the economy ministry said on Monday. The nickel producer warned in November of a “cash crisis” after drawing on the last tranche of …
France grants loan to Eramet’s SLN nickel unit to avert collapse Read More »
By Foo Yun Chee BRUSSELS (Reuters) -U.S. company Viasat’s $7.3 billion bid for British satellite rival Inmarsat may reduce competition in the aviation connectivity market, EU antitrust regulators warned on Monday as they opened a full-scale investigation into the deal. The companies, which compete with market leaders Panasonic and Intelsat in the market for Wi-Fi …
Viasat’s Inmarsat bid in EU antitrust crosshairs Read More »
By Kate Abnett BRUSSELS (Reuters) – Denmark, Germany, the Netherlands, Estonia, Finland, Luxembourg and Latvia have warned Brussels not to rush into major changes to the European Union’s electricity market in response to the energy crisis, calling instead for limited tweaks to the system. The European Commission is drafting a revamp of EU electricity market …
Countries warn EU against ‘crisis mode’ overhaul of energy market Read More »
