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AMSTERDAM (Reuters) – A labour dispute at BP PLC’s large Rotterdam Refinery has been resolved after unions voted to approve a new collective labour agreement, a spokesperson for the company said on Wednesday. “We are pleased to announce that both union member votes today were in favour of our proposed collective labour agreement,” the company …

BP says labour dispute resolved, Rotterdam Refinery will resume normal operations Read More »

(Reuters) – Air New Zealand Ltd on Thursday increased its earnings forecast for the first half of fiscal 2023, helped by strong travel demand across its domestic and international networks and a decline in jet fuel prices. The increased profit outlook follows a moderation in fuel prices in recent weeks and assumes that the airline …

Air New Zealand raises first half profit outlook on travel demand Read More »

By Isla Binnie and Andres Gonzalez NEW YORK (Reuters) – Sonnedix and Cubico, two renewable energy developers, are competing to buy Chilean solar power assets that Italy’s Enel has put on the block to help trim debt, sources familiar with the matter told Reuters. Sonnedix, which is owned by a group of institutional investors advised …

Two solar developers vie for Enel’s assets in Chile –sources Read More »

By Conor Humphries DUBLIN (Reuters) – Ryanair Group Chief Executive Michael O’Leary has agreed to extend his contract to 2028, Europe’s largest airline said on Wednesday, in a deal that will also extend a bonus scheme that could earn him close to 100 million euros ($105 million). O’Leary, 61, has repeatedly said in recent years …

Ryanair CEO O’Leary extends his contract, bonus scheme to 2028 Read More »

LONDON (Reuters) -Border Force workers at several major British airports including the country’s busiest, Heathrow, will go on strike for eight days this month in a dispute over pay, threatening disruption to Christmas travel. The PCS trade union said staff employed by Britain’s interior ministry in passport booths would take action at London’s Heathrow and …

UK airports face Christmas disruption as border staff to strike Read More »

LONDON (Reuters) -Britain approved its first new deep coal mine in decades on Wednesday to produce the high-polluting fuel for use in steelmaking, a decision which drew criticism from opponents who say it will hinder climate targets. The Woodhouse Colliery, to be developed by West Cumbria Mining in northwest England, seeks to extract coking coal …

Britain approves first new coal mine in decades despite climate targets Read More »

By Noah Browning and Alistair Smout LONDON (Reuters) -Western officials are in talks with Turkish counterparts to resolve oil tanker queues off Turkey, a British Treasury official said, after the G7 and European Union rolled out new restrictions on Dec. 5 aimed at Russian oil exports. “The UK, U.S. and EU are working closely with …

Western officials in talks with Turkey over oil tanker delays -UK Read More »

By Krisztina Than TISZAESZLAR, Hungary (Reuters) – Consumers in Eastern Europe are saving up to put their favourite carp and pork dishes on the table for Christmas as food price inflation, especially in Hungary and the Baltics, outpaces that in the wider European Union. Food prices in Hungary were a staggering 45.2% higher in October …

Analysis-East Europeans count their pennies for Christmas as food costs soar Read More »

MILAN (Reuters) – Italy’s Ferrero has agreed to buy U.S. based Wells Enterprises, which makes several ice creams brands including Blue Bunny, Bomb Pop and Halo Top, the maker of Nutella chocolate spread said on Wednesday. The acquisition fits into Ferrero’s strategic growth ambitions for the ice cream category, the Italian group said in a …

Nutella maker Ferrero scoops up owner of Blue Bunny ice creams Read More »

By Huw Jones and Iain Withers LONDON (Reuters) -Britain has called on banks to support households finding it difficult to make payments on mortgages during the cost of living crisis. Finance minister Jeremy Hunt told banking bosses at a meeting on Wednesday he expected them to help borrowers, while the Financial Conduct Authority laid out …

Britain urges banks to offer mortgage flexibility in cost-of-living crisis Read More »