Reuters UK Business

FLORENCE (Reuters) – A meeting of European Union foreign ministers will be held next week should countries from the bloc fail to reach an agreement over an oil embargo against Russia by the weekend, the EU’s foreign policy chief Josep Borrell said on Friday. The European Commission is proposing changes to its planned embargo on …

EU’s Borrell to call meeting next week should deal on Russian oil embargo fail Read More »

By Kate Abnett BRUSSELS (Reuters) – Extensive building renovations and the use of heat pumps could nearly halve Europe’s Russian gas use, researchers said on Friday, although industry groups said this would require a substantial increase in policy support and funding. The European Commission this month will unveil plans to end Europe’s reliance on Russian …

Heat pumps, renovations could slash Europe’s Russian gas use – report Read More »

By Francesco Guarascio and Robin Emmott BRUSSELS (Reuters) -The European Commission has proposed changes to its planned embargo on Russian oil in a bid to win over reluctant states, three EU sources told Reuters on Friday. The tweaked proposal, which EU envoys were discussing at a meeting on Friday morning, includes giving Hungary, Slovakia and …

EU tweaks Russia oil sanctions plan in bid to win over reluctant states – sources Read More »

MADRID (Reuters) – Spanish pharmaceuticals company Grifols’ shares soared on Friday as the company reported the volumes of blood plasma it collected reached pre-pandemic levels in the first quarter. The shares were up 7.3% in mid-morning trading on Friday, while the blue chip IBEX-35 index was down 0.5%. Grifols’ collection of the blood plasma it …

Grifols shares soar as plasma collection reaches pre-pandemic levels Read More »

FRANKFURT (Reuters) -The European Central Bank should raise its deposit rate back into positive territory this year, French central bank chief Francois Villeroy de Galhau said on Friday, comments that point to his support for at least three rate hikes in 2022. The ECB has been moving slowly to remove support this year but record …

ECB rate should be back in positive territory by year end: Villeroy Read More »

By Paul Sandle LONDON (Reuters) – British Airways-owner IAG has scaled back plans to ramp up short-haul capacity at Heathrow airport, saying a cut of around 5% to its summer schedule would provide stability for passengers and avoid disruptions seen earlier in the year. The company, which also owns Iberia, Vueling and Aer Lingus, has …

British Airways-owner IAG trims capacity plans to avoid disruptions Read More »

LONDON (Reuters) – Britain’s construction sector in April had its slowest month since January, hit by rising costs and higher interest rates to finance new projects, a survey published on Friday showed. The S&P Global/CIPS construction Purchasing Managers’ Index (PMI) slipped to 58.2 from 59.1 in March, which was its joint-highest reading since June 2021. …

UK construction sector suffers April slowdown on higher costs -S&P/CIPS Read More »

By Conor Humphries and Tim Hepher DUBLIN (Reuters) -The head of the world’s second-largest aircraft leasing company said on Thursday Boeing had “lost its way” and might need new leadership to fix a flawed culture that overshadowed its revival. The comments by Avolon Chief Executive Domhnal Slattery represented a rare public rebuke of Boeing by …

Major aircraft lessor Avolon says Boeing has ‘lost its way’ Read More »

LONDON (Reuters) – The trade body for Britain’s pig industry on Thursday told Tesco, the country’s biggest supermarket group, it needs to do more to support struggling producers or risk losing its UK pork supply base. In an open letter to Tesco Chief Executive Ken Murphy, the chairman of the National Pig Association (NPA), Rob …

Struggling British pig industry calls for Tesco to step-up Read More »