18 May

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Irish airline Aer Lingus announces plans for layoffs, restructuring By Reuters

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DUBLIN (Reuters) - Irish airline Aer Lingus is to close its cabin crew base at one of the country's largest airports and impose cutbacks and layoffs across the company as part of a COVID-19 restructuring plan, it said on Tuesday. In a statement, Aer Lingus said it had "confirmed to staff that the airline will emerge smaller from the pandemic, and there will be a requirement for redundancies". The Irish carrier, which like British Airways and Iberia is owned by International Airlines Group (LON:ICAG), is to close its base at Shannon Airport, one of its...

18 May

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PM Johnson: No conclusive evidence to delay reopening yet By Reuters

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LONDON (Reuters) - British Prime Minister Boris Johnson said on Tuesday there was currently no conclusive evidence to cause a delay to plans to remove coronavirus restrictions in England next month. "I don't see anything conclusive at the moment to say that we need to deviate from the roadmap," Johnson told reporters. "We've got to be cautious, and we're keeping everything under very close observation - we'll know a lot more in a few days time." ...

18 May

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UK banks told to step-up idenfication of climate change risks By Reuters

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LONDON (Reuters) - Banks are underestimating the potential impact of climate change on their business and need to use of computerised "scenarios" for identifying the risks, Bank of England executive director Sarah Breeden said on Tuesday. "It is critical that financial firms recognise now that the race to net zero has started," Breeden said in a speech. "In support of their ambitions, and consistent with our expectations, they need to run climate scenarios as part of business as usual risk management and embed climate risk management within day-to-day decision-making." ...

18 May

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Shell shareholders increase pressure for further climate action By Reuters

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By Ron Bousso LONDON (Reuters) -Royal Dutch Shell (LON:RDSa) shareholders overwhelmingly backed the company's energy transition strategy on Tuesday, but increased support for a second climate resolution filed by an activist group pointed to growing pressure to tackle climate change. A non-binding resolution submitted by Shell with the support of a large group of investors to vote on its recently unveiled climate strategy won 88.74% shareholder support at its annual general meeting (AGM) which was held online. The plan, announced in February, aims to reduce planet-warming carbon emissions to net zero by 2050 by slowly...

18 May

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Macy’s Gains On Improved Guidance As Customers Shop And Its Brands Hum By Investing.com

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By Dhirendra Tripathi Investing.com – Macy’s (NYSE:M) shares erased some of their gains but were still up 1% in premarket trading Tuesday, boosted by growth across all its brands, raised its guidance for the year. The department store operator's three brands -- Macy’s, Bloomingdale’s and Bluemercury – all grew on the back of new customers tapping Macy’s online platform to shop as they return to a pre-pandemic lifestyle. “. . .We also have emerging opportunities in new categories and brands, including toys, health and wellness, pet and home décor,” Chairman and Chief Executive Officer Jeff Gennette...

18 May

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Britain’s M&S promotes food and strategy bosses in top team shake-up By Reuters

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By James Davey LONDON (Reuters) -British retailer Marks & Spencer has promoted strategy chief Katie Bickerstaffe and food boss Stuart Machin in a major shake-up of its management team's responsibilities, making them the internal frontrunners to succeed Steve Rowe as chief executive. Marks & Spencer (M&S) said the changes were to help the clothing and food group shift from the "fixing the basics" phase of its latest turnaround plan to a phase that will see it move on from the COVID-19 crisis, reinvest and restore growth. M&S said Bickerstaffe and Machin will become joint chief operating...

18 May

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Factbox-Back to pubs, gyms and movies: plotting the road back to normal By Reuters

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(Reuters) - As the COVID-19 vaccine rollout gains momentum, many countries are planning a gradual return to normal, opening borders and letting people back into restaurants, shops and sports venues after more than a year of on-off lockdowns. Here are some of their plans, in alphabetical order: Australia, which plans to allow international travel from mid-2022, lifted a ban on its citizens returning from India on May 14. Belgium plans to ease nearly all lockdown measures from June 9 provided the momentum of its vaccination campaign continues and the number of people in intensive...

18 May

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London’s ‘Golden Age’ as Europe’s financial capital is over, says NatWest chair By Reuters

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By Huw Jones LONDON (Reuters) - The City of London's 'Golden Age' as Europe's financial capital is over following Brexit, but it will remain a major and profitable centre, NatWest bank chairman Howard Davies said on Tuesday. The City has been largely cut off from the EU since Britain's full departure on Dec. 31, 2020, with bankers and City officials not expecting any direct access to the bloc anytime soon. "Almost five years after the Brexit referendum, and five months after Britain's exit from the European Union, the future of London as a global financial center...

18 May

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Siemens Gamesa shares suspended on report of strategic review By Reuters

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MADRID/FRANKFURT (Reuters) -Spain's stock market regulator suspended trading of shares in Siemens Gamesa on Tuesday after local newspaper Expansion reported that Siemens AG (DE:SIEGn) had hired banks to conduct a strategic review of the wind turbine maker. Citing anonymous financial sources, the Spanish newspaper said Siemens AG had hired Morgan Stanley (NYSE:MS) to review options including a possible takeover and de-listing of Siemens Gamesa. Expansion said Siemens AG had hired the bank through Siemens Energy, which owns 67% of Siemens Gamesa. The conglomerate holds 35% of Siemens Energy, and another 10% via...

18 May

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FirstGroup asks shareholders to back sale of units as top investor opposes By Reuters

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(Reuters) - Britain's FirstGroup recommended that its shareholders back the $4.6 billion sale of its two North American bus businesses to Swedish private equity firm EQT Infrastructure, after the company's top investor urged against it. Coast Capital, which holds nearly 14% of the transport operator, late on Monday urged fellow shareholders to vote against the proposed disposal of the "crown jewel assets", unless the terms of the proposal were "rapidly and substantively improved". FirstGroup said, "The sale followed a comprehensive and competitive process in order to seek the best possible price for First Student and First...

Меню

Irish airline Aer Lingus announces plans for layoffs, restructuring By Reuters

PM Johnson: No conclusive evidence to delay reopening yet By Reuters

UK banks told to step-up idenfication of climate change risks By Reuters

Shell shareholders increase pressure for further climate action By Reuters

Macy’s Gains On Improved Guidance As Customers Shop And Its Brands Hum By Investing.com

Britain’s M&S promotes food and strategy bosses in top team shake-up By Reuters

Factbox-Back to pubs, gyms and movies: plotting the road back to normal By Reuters

London’s ‘Golden Age’ as Europe’s financial capital is over, says NatWest chair By Reuters

Siemens Gamesa shares suspended on report of strategic review By Reuters

FirstGroup asks shareholders to back sale of units as top investor opposes By Reuters

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