By Nick Carey HEADLEY DOWN, England (Reuters) - There's nothing quite like the roar of a revving McLaren engine to set a petrolhead's pulse pounding, or the full-throated scream as it tears across the tarmac. Yet new gas-fuelled engines like McLaren's could be illegal in many countries by 2030. The supercar maker, like...
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By Francesca Landini and Laurence Frost MILAN (Reuters) - The deepest crisis in aviation history might seem the worst time to relaunch an airline. But for Alitalia the turmoil could provide just the opportunity to drive through reforms that politicians and unions have refused to accept in the past. Under plans shown to lawmakers, the chronically loss-making Italian airline wants to surrender...
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By Foo Yun Chee BRUSSELS (Reuters) - Ryanair's fight against state aid for airlines will put loosened EU rules to the test on Wednesday when the bloc's second-highest court decides on support offered to Air France and SAS. Under European Commission state aid rules loosened since the start of the pandemic, EU countries have offered more than 3 trillion euros ($3.65 trillion)...
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By Huw Jones and Iain Withers LONDON (Reuters) - Britain's financial watchdog said it has started fraud and insider dealing proceedings against two brothers, one who worked as a Goldman Sachs (NYSE:GS) analyst, the other as a lawyer at Clifford Chance. The Financial Conduct Authority (FCA) said the proceedings against Mohammed Zina, 32, and his brother Suhail Zina, 33, relate to six...
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LONDON (Reuters) - Britain's competition regulator has set an April 20 deadline for a preliminary decision on the Issa brothers and TDR Capital's purchase of supermarket group Asda from Walmart (NYSE:WMT). In October, Zuber and Mohsin Issa and private equity firm TDR Capital, agreed to buy a majority stake in Asda, Britain's third...
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By Foo Yun Chee BRUSSELS (Reuters) - Chinese-owned short video-sharing app TikTok was hit with multiple complaints from EU consumer groups on Tuesday for allegedly violating the bloc's consumer laws and for failing to protect children from hidden advertising and inappropriate content. Owned by China's ByteDance, TikTok has been rapidly growing in popularity around the world, particularly among teenagers. It faces growing...
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By Ritvik Carvalho LONDON (Reuters) - Sterling hit two-and-a-half-year highs against the dollar on Tuesday and set a nine-month high to the euro as investors continued to bet that rapid COVID-19 vaccinations would set Britain up to recover from its biggest drop in output in 300 years. The pound rose to $1.3955 against...
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By Samuel Indyk Investing.com – Dunelm shares trade lower on Tuesday morning after the company announced Deputy Chairman Will Adderley had sold 15mln shares, representing a stake of circa 7.4%. The shares were placed at a price of 1,280p per share. Adderley, who is the son of Dunelm Group PLC (LON:DNLM) founders Bill and Jean Adderley, is set to rake in...
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By Helen Reid and Zandi Shabalala JOHANNESBURG/LONDON (Reuters) - Glencore (LON:GLEN) reinstated its dividend and flagged possible further payouts on the back of strong commodity prices as billionaire Chief Executive Ivan Glasenberg prepares to hand over the reins of the trading and mining giant. Having scrapped its dividend in August after...
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MOSCOW (Reuters) - IXcellerate plans to invest $500 million to construct two new data centres in Moscow, aiming to cover a shortage of server capacity in Russia, the Kommersant daily reported on Tuesday. The London-headquartered data centre operator will launch a network of such centres at two sites, including at a former brewery in southern Moscow, with a total capacity of...
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