Reuters UK Business

By Tim Hepher MARIGNANE, France (Reuters) – Airbus Helicopters expects new orders and deliveries to keep growing this year, its chief executive told Reuters, as a scramble for new energy supplies and higher military spending accelerate a recovery in the long-sluggish rotary-wing sector. Cushioned by critical public services, helicopter demand suffered less of a battering …

Airbus sees helicopter lift-off on energy crisis, military spend Read More »

LONDON (Reuters) -Shell said on Friday it was “unaffected” by the German government’s decision to place the PCK Schwedt oil refinery under a trusteeship, effectively taking control away from Russian majority owner Rosneft. It is unclear who will step in to replace Rosneft as operator of the 233,000 barrel per day refinery, which Shell has …

Shell ‘unaffected’ by Germany placing PCK Schwedt refinery under trusteeship Read More »

By Shreyashi Sanyal (Reuters) -European shares slid 1.2% on Friday as recession warnings from two major global financial institutions and bets of a large interest rate hike from the U.S. Federal Reserve next week knocked down sentiment. The declines put the continent-wide STOXX 600 on track for a weekly drop of 2.4%. All major sectoral …

European shares slide as recession fears grip global markets Read More »

By Pushkala Aripaka and Natalie Grover LONDON (Reuters) -Europe’s medicines regulator has backed using AstraZeneca’s preventative COVID-19 therapy as a treatment for the disease and also endorsed another medicine as preventative option for another common virus. The regulator’s recommendations are usually followed by the European Commission when it takes a final decision on drug approvals. …

EU regulator backs wider use of AstraZeneca COVID therapy Read More »

By Alun John LONDON (Reuters) – The pound on Friday tumbled to a fresh 37-year low on the U.S. dollar, and a 17-month trough on the euro, after weaker-than-expected figures of retail sales added to worries about the health of Britain’s economy. The pound fell more than 1% against the dollar to 1.1351, its lowest …

Pound falls to 37-year low as poor retail sales lift economic woes Read More »

By Andy Bruce LONDON (Reuters) -British retail sales fell much more than expected in August, in another sign that the economy is sliding into recession as the cost of living crunch squeezes households’ disposable spending. Retail sales volumes dropped by 1.6% in monthly terms in August, the Office for National Statistics said – the biggest …

UK retail sales plunge, underlining risk of recession Read More »

By David Milliken LONDON (Reuters) -The British public’s expectations for inflation over the coming year rose to a record high last month, although longer-term expectations eased from previous multi-year highs, a Bank of England survey showed on Thursday. Public satisfaction with the central bank’s control of inflation also fell to its lowest since the survey …

UK public inflation expectations at record high for coming year – BoE Read More »

By Elizabeth Howcroft and Hannah Lang (Reuters) – Ethereum, the blockchain that underpins the world’s second-largest crypto token ether, on Thursday underwent a major software upgrade that slashes the amount of energy needed to create new coins and carry out transactions. Here’s what you need to know about the “Merge” as the shift is known. …

Explainer-Ethereum’s energy-saving Merge upgrade Read More »

DUBLIN (Reuters) -Ryanair blocked media from attending its Annual General Meeting on Thursday, informing reporters as they arrived for the event that they would not be given access. Reporters who understood they were being brought to the meeting room, were told they were being brought to a media room instead and that Chief Executive Michael …

Ryanair blocks media from attending AGM at last minute Read More »