By Tim Hepher PARIS (Reuters) -Airbus cut its annual jet delivery forecast and put the brakes on planned production increases on Wednesday, bowing to pressure from fragile supply chains and widespread labour shortages as aerospace struggles to meet resurgent demand. After insisting for months that it could quickly go beyond pre-pandemic jet production as people …
Missing parts force Airbus to cut near-term supply goals Read More »
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) – Britain’s blue-chip index rose on Wednesday, as a jump in oil stocks and strong forecasts from heavyweights Reckitt Benckiser and Lloyds Banking Group overshadowed concerns over a slowing economy and soaring inflation. The FTSE 100 index gained 0.6% and the domestically focussed midcap 250 edged 0.4% …
Lloyds, Reckitt drive gains in Britain’s FTSE 100 Read More »
By Andy Bruce LONDON (Reuters) -Rishi Sunak, trailing in the race to become Britain’s next prime minister, pledged on Wednesday to temporarily scrap taxes on energy bills paid by households as part of a “winter plan” to ease the cost-of-living crisis. The year-long hiatus on paying value-added tax (VAT) on energy bills would save the …
Trailing in UK leadership race, Sunak pitches energy bill tax cuts Read More »
By Dominique Vidalon PARIS (Reuters) – Danone raised its annual revenue growth forecast after its second-quarter sales beat analysts’ estimates on strong demand for baby food and bottled water, even as the company raised prices to mitigate higher costs. Danone, whose brands include Evian and Badoit water, Activia yoghurt and Aptamil baby formula, said it …
France’s Danone raises sales outlook despite hiking prices Read More »
DUBLIN (Reuters) – Europe’s largest paper packaging producer, Smurfit Kappa, expects a shortage of paper on the continent if gas rationing impacts production in the coming months, its chief executive said on Wednesday. “We would expect to be prioritised but in the event of gas rationing, I think we, the industry, would be rationed as …
Smurfit Kappa says gas rationing may lead to shortage of paper in Europe Read More »
By Nerijus Adomaitis OSLO (Reuters) -Equinor will return an additional $3 billion to shareholders, the Norwegian oil group said on Wednesday after reporting better-than-expected second-quarter profit on the back of soaring gas prices fuelled by the war in Ukraine. The company boosted gas supplies to Europe by 18% in the April-June period compared to a …
Equinor returns another $3 billion to owners as Q2 profit beats forecast Read More »
BERLIN (Reuters) – Fresenius plans to merge its hospital operator Helios with a competitor and in doing so bring a minority owner of the subsidiary on board, Wolfgang Hofmann, responsible for mergers and acquisitions at the German healthcare group, told Handelsblatt. “The aim is to further strengthen Helios’ growth,” Hofmann was quoted as saying by …
Fresenius aims to merge Helios with competitor to boost growth – report Read More »
By Federica Mileo and Elitsa Gadeva (Reuters) -Elior Group on Wednesday beat third-quarter revenue expectations on eased coronavirus restrictions, strong business development and a higher retention rate, driving shares in the French caterer 17% higher. Europe’s third-biggest contract caterer reported organic revenue growth of 25% to 1.18 billion euros ($1.20 billion) in the three months …
Elior’s reassuring third-quarter performance boosts shares Read More »
By Frank Simon and Timm Reichert FRANKFURT (Reuters) -Ground staff at Deutsche Lufthansa went on strike early Wednesday, prompting the cancellation of more than 1,000 flights, and adding to travel disruptions during the busy summer travel season. Labour union Verdi had called for the walkout, which is due to run until 6 a.m. (0400 GMT) …
Lufthansa ground staff walk out in Germany in pay dispute Read More »
MADRID (Reuters) – Ryanair’s Spanish cabin crew union members plan strikes on four days of every week until January to press demands for higher pay and better working conditions, a leader of the USO union said in a statement on Wednesday. The strike action, which is backed both by the USO and Sitclpa union groups, …
Ryanair’s Spanish cabin crew union plans weekly strikes until January Read More »
