(In Sept 3 story, corrects “its” to “a” in first paragraph and deletes reference to Airbus in headline and first paragraph) NEW YORK (Reuters) -Airline Finnair said on Wednesday the company is looking to source a first wave of narrowbody aircraft and is considering an order of up to 30 of the jets. “One could …
Finnair considers ordering up to 30 narrowbody jets Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Abu Dhabi state oil giant ADNOC on Thursday slammed EU antitrust regulators for what it said are disproportionate and invasive requests for information in their subsidy investigation into its 14.7 billion euro ($17 billion) bid for Germany’s Covestro. It warned such regulatory demands may even jeopardise the acquisition. The …
ADNOC slams EU regulators for ‘invasive’ demands in subsidy probe into Covestro deal Read More »
By Sarah Young LONDON (Reuters) -British electricals retailer Currys said group sales rose 3% in the summer period, helped by sales of air conditioners and fans in hot weather, while positive news from a pension review, also helped lift the stock. Shares in Currys jumped 22% to 132 pence, hitting a four-year high in early …
UK’s hot summer boosts sales at electrical retailer Currys Read More »
By David Milliken LONDON (Reuters) -The Bank of England set out proposals on Thursday for tighter regulation of British government bond repo markets, which banks and other financial institutions use to temporarily convert their gilt holdings into cash. The BoE’s Financial Policy Committee said in November that it wanted to strengthen the market which came …
Bank of England sets out options for tighter gilt repo rules Read More »
By Akriti Shah (Reuters) -Salesforce shares dropped nearly 8% on Thursday, after the cloud software provider’s soft third-quarter revenue forecast hinted at delayed returns from its AI investments. Rising investor bets on AI-driven cloud companies are pressuring them to deliver hefty returns on their billion-dollar investments into the breakthrough technology, even as economic uncertainty forces customers …
Salesforce shares drop as weak revenue view signals delayed AI returns Read More »
BRUSSELS (Reuters) -EU antitrust regulators have temporarily halted an investigation into Universal Music Group unit Virgin Music Group’s $775-million bid for Downtown Music while awaiting requested information, the European Commission said on Thursday. The EU competition enforcer has been investigating the deal on concerns that it may hamper competition and remove an important competitor. Independent …
EU antitrust regulators halt probe into Universal Music’s Downtown deal Read More »
By Francesco Canepa and Jan Strupczewski FRANKFURT/BRUSSELS (Reuters) -The European Central Bank’s plans to issue a digital euro face an uphill battle in the European Parliament as some lawmakers fear it will upend the banking sector, violate citizens’ privacy and stifle innovation. The ECB renewed its pitch for a digital currency – essentially an online …
ECB’s digital euro faces uphill battle in EU parliament Read More »
By Elvira Pollina and Ludwig Burger MILAN/FRANKFURT (Reuters) -MFE-MediaForEurope, the TV group controlled by Italy’s Berlusconi family, said on Thursday it secured more than 75% of German peer ProSiebenSat.1 following a takeover that sets it up to become Europe’s largest free-to-air broadcaster. MFE, which already has TV operations in Italy and Spain, sees European expansion …
Berlusconi-backed MFE scores German win in European TV game Read More »
By David Milliken LONDON (Reuters) -Activity in Britain’s construction sector slowed for the eighth month in a row in August, extending its longest downturn since 2020 as optimism in the sector weakened, purchasing managers’ data showed on Thursday. The S&P Global Purchasing Managers’ Index for Britain’s construction sector rose in August to 45.5 from July’s …
UK construction activity extends longest run of falls since 2020 Read More »
By David Milliken LONDON (Reuters) -British businesses have cut employment by the largest amount in nearly four years and expect wage growth to slow – but do not think this will translate into much lower inflation, according to a Bank of England survey published on Thursday. The BoE’s Decision Maker Panel survey of around 2,000 …
UK firms report biggest drop in employment since 2021 in BoE survey Read More »
