By Joanna Plucinska LONDON (Reuters) -German travel firm TUI said it expects strong revenue and higher profit in 2023 on the back of a jump in summer bookings, despite the risk of travel disruption triggered by strikes. Airlines such as Lufthansa, easyJet and Ryanair have all pointed to robust summer bookings, showing consumers prioritising travel …
TUI sees summer travel demand ‘significantly’ lifting 2023 profit Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT (Reuters) -E.ON, Europe’s largest energy networks operator, expects to hit the upper end of its profit outlook in 2023, boosted by strong first-quarter results that it said reflected a broad sector recovery following last year’s crisis. That recovery, which follows a major reshuffle of Europe’s energy sector in …
E.ON aims at upper end of 2023 outlook after strong first quarter Read More »
LONDON (Reuters) – Britain must not be left behind in rapid financial innovation and it was getting closer to deciding “when, rather than if” it would issue a digital version of sterling, its financial services minister said on Wednesday. “I don’t want the UK to be left behind,” Andrew Griffith told an event held by …
Britain edging closer to digital pound decision, says minister Read More »
MOSCOW (Reuters) – A Russian court on the Pacific island of Sakhalin has ordered the provisional seizure of four tugboats belonging to Denmark’s Svitzer, the world’s biggest tugboat operator, at the request of a Russian energy company. Moscow has been seizing the assets of some Western companies which have left the country or are scaling …
Russian court seizes four Danish-owned tugboats in Sakhalin Read More »
By Huw Jones LONDON (Reuters) – Britain’s finance ministry on Tuesday called for advice on setting benchmarks for regulators to ensure they meet a new objectives to support London’s post-Brexit competitiveness as a global financial centre and aid UK growth. Fierce competition from New York in company listings, and Amsterdam overtaking London as Europe’s biggest …
Britain to set benchmarks for financial watchdogs to keep City competitive Read More »
BERLIN (Reuters) -Continental confirmed its 2023 outlook on Wednesday as a result of strong first-quarter results, with sales increasing 11.1% to 10.3 billion euros ($11.34 billion). The German automotive parts company said adjusted earnings before interest and taxes had risen 35% to 578 million euros in the quarter, with particularly strong sales in its automotive …
Continental confirms 2023 outlook after solid first quarter Read More »
By Yadarisa Shabong (Reuters) -Food caterer Compass Group raised its fiscal 2023 forecasts on Wednesday after half-year profit soared 41%, benefiting from more people returning to work and events, while coping with elevated food inflation across its markets. The world’s largest catering group has emerged a much bigger business from the COVID-19 pandemic, thanks to …
British caterer Compass sizzles on forecast raise and profit jump Read More »
By Huw Jones LONDON (Reuters) – Britain’s financial watchdog said on Wednesday it will act quickly to punish serious breaches of tough new consumer protection rules that come into force at the end of July. The Consumer Duty legally requires firms regulated by the Financial Conduct Authority (FCA) to put the interests of customers first …
Serious breaches of new consumer rules face swift action, says UK financial watchdog Read More »
By Sinead Cruise and Iain Withers LONDON (Reuters) – Some of Britain’s top finance executives, fearful London is losing out to New York and rival European cities, are pressing the government to broaden an array of reforms aimed at attracting big-ticket corporate listings. London has seen a 40% decline in publicly-listed companies since 2008 and …
Analysis-UK finance bosses press to revive London’s allure Read More »
(Reuters) – Ukraine’s air defence systems are repelling Russian attacks on the capital, Kyiv’s military administration said early on Tuesday, following air raid alerts nationwide. CONFLICT * Ukrainian emergency services issued air raid alerts for Kyiv and most of central and eastern Ukraine early on Tuesday, extending from Vynnitsya in the west to all eastern …
Russia’s war on Ukraine latest: Ukraine says defence systems repel Russian attacks Read More »
