8:00 - 19:00

Working hours MON. - FRI.

Exclusive-EU set to okay AerCap’s $30 billion GE deal without conditions -sources By Reuters

BRUSSELS (Reuters) - EU antitrust regulators are set to give unconditional approval to Irish aircraft leasing company AerCap's $30 billion bid for General Electric (NYSE:GE)'s aircraft leasing business, three people familiar with the matter said. The deal between the world's two largest aircraft leasing companies would create a new financing giant and the largest buyer of airliners built by planemakers Airbus and Boeing (NYSE:BA). ...

Continue reading

Britain unveils plan to return NatWest to majority private control By Reuters

By Rachel Armstrong and Iain Withers LONDON (Reuters) - Britain's government on Thursday unveiled a blueprint for returning NatWest to majority private ownership within a year, more than a decade since bailing out the lender at the height of the global financial crisis. The finance ministry said it had instructed Morgan Stanley (NYSE:MS) to sell NatWest shares on its behalf in a scheme starting on Aug. 12 and running until Aug. 11, 2022. NatWest shares have rallied 23% since the start of the year, supported by the recovery from the pandemic. But they...

Continue reading

Ukraine seeks stronger security guarantees on Nord Stream 2 By Reuters

By Pavel Polityuk and Natalia Zinets KYIV (Reuters) -Ukraine has many questions on how a deal between the United States and Germany can mitigate the security threat posed by the Nord Stream 2 pipeline, Foreign Minister Dmytro Kuleba told reporters on Thursday. Washington and Berlin unveiled an agreement on Wednesday to map out the consequences for Russia if Moscow uses the pipeline to harm Ukraine and other eastern European countries. Ukraine, which bitterly opposes the $11 billion project, signalled its displeasure by formally initiating consultations with the European Union and Germany. Kuleba said...

Continue reading

COVID app told nearly 620,000 to isolate in England, Wales By Reuters

LONDON (Reuters) - Almost 620,000 people in England and Wales were told to isolate by the health service COVID app after they came into contact with someone with the virus in the week up to July 14, official data shows. The official data showed that 618,903 people had received an alert from the contact tracing app. According to the data, 607,486 alerts were sent to people in England. Businesses across nearly all sectors have warned that they are struggling to maintain their operations when so many staff are having to isolate at home. ...

Continue reading

Dow profit doubles on higher prices By Reuters

(Reuters) -Dow Inc on Thursday said its second-quarter profit doubled from the prior period, as prices for its chemicals used in plastics and packaging rose on the back of strong consumer and industrial demand as well as lower inventories. Dow's chemicals, used in everything from plastic and food packaging to textiles, electronics and paints, have seen a steady rise in demand as economies open up. Prices have also got a boost due to lower inventories at its customers. Prices jumped 16% in the quarter from the prior period, while volumes rose 1%, helped by...

Continue reading

Unilever sales top estimates, but inflation casts shadow By Reuters

By Siddharth Cavale (Reuters) - Unilever (LON:ULVR) Plc on Thursday topped expectations with second-quarter sales growth, helped by higher prices and strong sales of ice-cream and teas, but warned surging commodity costs would squeeze its full-year operating margin. The warning dragged shares of the FTSE-listed company down 4.2% making it the biggest loser on the index in morning trading. Underlying sales for the maker of Dove soap and Hellmann's mayonnaise rose 5% in the three months that ended June 30, beating the 4.8% analysts had expected, according to a company supplied consensus. ...

Continue reading

ABB doubles full-year sales outlook as recovery gathers pace By Reuters

By John Revill ZURICH (Reuters) - ABB doubled its full-year sales outlook on Thursday, in the latest sign of a global manufacturing revival, with the engineering company also pointing to an improvement in oil and gas sectors in the second half. The maker of factory drives and robots said it now expected full-year comparable revenues to rise by just below 10%, above its previous view for a 5% increase. The improved outlook came after double-digit percentage growth in orders across all of ABB's businesses in the second quarter, as factories ramped up production after last year's...

Continue reading

London shares gain on strong corporate earnings; virus fears loom By Reuters

(Reuters) - British stocks rose on Thursday as a set of positive corporate results helped outweigh concerns over increasing COVID-19 cases, while Unilever (LON:ULVR) was the worst blue-chip performer after it cut its full-year margin forecasts. The blue-chip FTSE 100 index inched 0.1% higher, led by travel, retail, and banking stocks. Unilever Plc dropped 4% after it reduced annual operating margin forecast while reporting higher-than-expected underlying sales growth for the second quarter. The domestically focussed mid-cap index rose 0.7%, with Howden Joinery Group and IG Group being the top boost to the index...

Continue reading

FTSE 100 reclaims 7,000, yields higher, oil surges, cryptos bounce By Investing.com

Key Points FTSE 100 closing price of 7,000.70, +1.74% FTSE supported by travel & leisure stocks Next shares jump after trading update Bonds, safe haven currencies fall in risk-on trade Oil rallies despite inventory build Cryptocurrencies bounce, Bitcoin back above $30K By Samuel Indyk Investing.com – The FTSE 100 rallied alongside other major global indices as the fears that gripped the market on Monday appeared to be short-lived. Indices tumbled at the start of the week amid a rise in Covid cases across the globe which some feared may slow the economic recovery. However,...

Continue reading

Bank of Canada appoints female deputy governor, boosts size of governing council By Reuters

OTTAWA (Reuters) - The Bank of Canada, which has acknowledged the need for its leadership to be more diverse, on Wednesday announced the appointment of Sharon Kozicki as a deputy governor, temporarily raising the number of members on the governing council. Kozicki, whose appointment becomes effective on August 2, will for a few months be the only woman on the six-person policy-making council. In December new senior deputy governor Carolyn Rogers will become the second woman on the council, pushing the membership up to seven for a limited time. "This will allow for a broader...

Continue reading
en_GBEnglish