17 May

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Britain’s pension fund USS invests 225 million euros in Spanish renewables By Reuters

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MADRID (Reuters) - British private pension fund Universities Superannuation Scheme (USS) said on Monday it has invested 225 million euros ($273 million) to take a 50% stake in Bruc Energy, which develops renewable energy projects in Spain and Portugal. The inflow of cash into renewables in the Iberian peninsula is an encouraging sign for the industry after recent setbacks. Renewable power group Opdenergy shelved an initial public offering two weeks ago citing "unstable conditions in markets" and shares of rival Econener plummeted 15% on their first day of trading a few days earlier. Bruc Energy, which...

17 May

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Today’s the day: British holidaymakers return to Portugal as travel ban ends By Reuters

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By Marco Trujillo and Catarina Demony FARO, Portugal (Reuters) -Sun-hungry British visitors descended on Portuguese beaches once again on Monday as a four-month long ban on travel between the two countries due to the COVID-19 pandemic ended, in a much-needed boost for the struggling tourism sector. Twenty-two flights from Britain are due to land in Portugal on Monday, with most heading to the southern Algarve region, famous for its beaches and golf courses but nearly deserted as the pandemic kept tourists away. "The sunshine is the reason we're back. The sunshine ...

17 May

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Shares in Italy’s RCS, controlling firm fall after tribunal ruling By Reuters

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MILAN (Reuters) -Shares in Italian publisher RCS and its controlling investor Italy's Cairo Communication fell on Monday after an arbitration tribunal ruled in favour of Blackstone (NYSE:BX) over the disputed sale of the RCS headquarters. Shares in RCS Mediagroup were down 3.4% and Cairo Communication stocks fell 7.2% at 0900 GMT, compared with a broadly flat market. A Milan-based analyst said the shares fell because of concerns that RCS now faced financial risks as a result of two U.S. lawsuits filed by Blackstone that had been put on hold pending the Italian arbitration ruling. Blackstone, RCS...

17 May

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UK retail calls for urgent talks with govt, EU over N.Ireland food checks By Reuters

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LONDON (Reuters) - Britain's retail industry lobby group on Monday called for urgent talks between the major supermarket groups it represents and European Union and British officials to discuss proposed new post-Brexit Irish Sea border checks for food products. The BBC reported on Monday that Britain is proposing to phase in new Irish Sea border checks on food products in four stages from October. "We have always argued for a long term pragmatic approach to checks and paperwork on food moving from Great Britain to Northern Ireland; one that recognises the need for EU import controls...

17 May

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Novacyt’s SNPsig test for variants of concern included in NHS England Framework By Investing.com

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By Samuel Indyk Investing.com – AIM-listed Novacyt has announced that its SNPsig Covid-19 polymerase chain reaction (PCR) portfolio has been included in the NHS England Framework for detecting variants of concern. Novacyt (LON:NCYT) has been selected as one of the four companies by NHS England for testing all positive samples of Covid-19 from NHS and high throughput Lighthouse laboratories in England. “We are very pleased to be included in NHS England's VoC Framework, which allows our SNPsig range of products to be used at any NHS and Lighthouse laboratories, subject to local verification, as we continue...

17 May

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BA and Heathrow urge UK to ease travel restrictions By Reuters

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LONDON (Reuters) - The bosses of British Airways and the UK's biggest airport, Heathrow, urged the government to go further in easing restrictions around travel on Monday, saying links to much of Europe and the United States should be opened up. Britain lifted a ban on international travel on Monday but the government has said only 12 countries are safe for quarantine-free travel so far, limiting any industry recovery. "It's clear to us that America should be on the green list," said BA CEO Sean Doyle. Heathrow boss John Holland-Kaye said France, Greece...

17 May

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FTSE 100 slips as energy, industrial stocks weigh; Diploma jumps By Reuters

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(Corrects typographical error in headline) By Devik Jain (Reuters) -London's FTSE 100 edged lower on Monday, dragged by heavyweight energy and industrial stocks, while shares of Diploma (LON:DPLM) Plc jumped after the company gave an upbeat earnings update. The blue-chip index fell 0.4% as oil majors BP (LON:BP) and Royal Dutch Shell (LON:RDSa) slipped after crude prices declined. [O/R] Banks and aero stocks were among the biggest losers on the index. The domestically focused FTSE 250 index traded flat. Shares of technical products and services provider Diploma jumped 7.3% to the top of index...

17 May

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Analysis: Rising bond yields, calm ECB – this time is different By Reuters

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By Dhara Ranasinghe LONDON (Reuters) - Euro zone governments' borrowing costs are at multi-month highs and German 10-year bond yields are rising towards 0%, yet ECB policymakers and investors appear unruffled, a sign that they view the bloc's ongoing economic recovery as the real thing. It's a contrast with February when yields on German bonds, the euro area benchmark rate, rose 35 basis points within a month to -0.20%. That led European Central Bank officials to line up and talk the markets down with veiled threats to tamp down borrowing costs. They then followed up in...

17 May

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Ryanair posts record annual loss, but says COVID-19 recovery has begun By Reuters

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DUBLIN (Reuters) -Ryanair reported a record annual after-tax loss of 815 million euros ($989 million) on Monday after COVID-19 restrictions forced it to scrap over 80% of flights, but the Irish airline said there were signs the recovery had begun. Europe's largest discount airline flew 27.5 million passengers in its financial year ended March, down from 149 million the previous year in what it called the most challenging in its history. The airline reiterated its forecast that passenger numbers for the current fiscal year would be towards the lower end in the range of...

17 May

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Vantage towers fiscal 2021 revenue just shy of consensus By Reuters

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BERLIN (Reuters) - Vantage Towers, the infrastructure unit of Britain's Vodafone (LON:VOD), on Monday reported modest growth in underlying revenue that was just shy of expectations in its first full-year results since floating on the Frankfurt stock exchange. Revenue grew by 2.2% to 966 million euros ($1.17 billion) on a proforma basis in the fiscal year to March 31, slightly short of median forecasts among analysts of 971 million euros compiled by Refinitiv. Core profit, measured as EBITDA after leases, rose by 2.1% to 524 million euros, Vantage said. ($1 = 0.8243 euros) ...

Меню

Britain’s pension fund USS invests 225 million euros in Spanish renewables By Reuters

Today’s the day: British holidaymakers return to Portugal as travel ban ends By Reuters

Shares in Italy’s RCS, controlling firm fall after tribunal ruling By Reuters

UK retail calls for urgent talks with govt, EU over N.Ireland food checks By Reuters

Novacyt’s SNPsig test for variants of concern included in NHS England Framework By Investing.com

BA and Heathrow urge UK to ease travel restrictions By Reuters

FTSE 100 slips as energy, industrial stocks weigh; Diploma jumps By Reuters

Analysis: Rising bond yields, calm ECB – this time is different By Reuters

Ryanair posts record annual loss, but says COVID-19 recovery has begun By Reuters

Vantage towers fiscal 2021 revenue just shy of consensus By Reuters

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