Reuters UK Business

UK stocks rise on easing geopolitical tensions, AstraZeneca trial data

15 Feb 2022

By Ambar Warrick (Reuters) -British stocks rose on Tuesday as global risk sentiment improved after reports that Moscow was withdrawing some troops near Ukraine calmed fears of a potential Russian invasion, while positive data from AstraZeneca and strong earnings from mining company Glencore further lifted sentiment. The blue-chip FTSE 100 ended 1.0% higher, while mid-cap …

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Avolon says supply chain woes may dent Airbus output ambitions

15 Feb 2022

SINGAPORE (Reuters) – The head of the world’s second-largest aircraft leasing company said on Tuesday that Airbus may temper its hopes of raising jet production because of snags in the supply chain. Avolon CEO Domhnal Slattery told a forum at the Singapore Airshow that the plans “may not be as ambitious as (Airbus) had articulated …

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Zenobe signs deal with UK’s National Express for 130 electric buses

15 Feb 2022

By Nick Carey LONDON (Reuters) – Zenobe has signed an agreement to provide 130 electric buses to public transport group National Express that will see the UK startup provide everything from new vehicles to charging infrastructure, replacement batteries and spare parts. The buses, made by NFI Group unit Alexander Dennis Limited (ADL) with powertrain and …

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Vulcan Energy opens higher on first day of dual listing

15 Feb 2022

BERLIN (Reuters) -Vulcan Energy Resources opened at 5.65 euros ($6.40) per share on the Frankfurt Stock Exchange on Tuesday, the first day of the German-Australian company’s dual listing. Australian-listed shares in Vulcan closed 0.79% higher on Tuesday at A$8.91 ($6.36). The company, which is developing geothermal energy and lithium extraction projects in Germany with commercial …

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Michelin shares slip as spending guidance surprises investors

15 Feb 2022

PARIS (Reuters) -Shares in French tyre maker Michelin eased slightly on Tuesday morning as investors were split between management’s increased spending guidance catching them by surprise and better than expected annual results. On a call with analysts late on Monday, Michelin finance chief Yves Chapot said the company will need to increase its capital expenditure …

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All options open on EDF, including nationalisation, Le Maire says

15 Feb 2022

PARIS (Reuters) -All options are on the table regarding the future of French power utility EDF, finance minister Bruno Le Maire said on Tuesday, including full nationalisation. Asked in an interview with BFM Business radio whether a potential option was to nationalise the already 84% state-owned company, Le Maire said: “If all options are on …

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