By Tom Bergin LONDON (Reuters) - A funding crisis at Greensill Capital could spill over to some of its high-risk borrowers and lead to losses for insurers and banks that have done business with the UK-based supply chain finance firm if its clients default, according to several industry experts and a review of...
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By Ron Bousso LONDON (Reuters) - Royal Dutch Shell (LON:RDSa) is changing the senior leadership of its operations in Britain as part of a global overhaul to cut costs and shift away from oil and gas to renewables and power. Under the changes, which have been announced internally, country chair Sinead Lynch will become Shell's global head of low-carbon fuels, a company...
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By William James and Andrea Shalal LONDON/WASHINGTON (Reuters) - The United States agreed a four-month suspension of retaliatory tariffs imposed on British goods such as Scotch whisky over a long-running aircraft subsidy row, with both sides pledging to use the time to resolve the dispute. The U.S. administration under former president Donald Trump had imposed tariffs on an array of EU food,...
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BERLIN (Reuters) - Airbus will make no forced redundancies in France, Germany and Britain, the European planemaker said on Thursday, as it reached an agreement with a German trade union to protect jobs until the end of 2023. A spokesman for Airbus, which has been hit hard by slumping demand for aircraft in the coronavirus crisis, said other measures - such as...
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Stellantis NV reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Stellantis NV announced earnings per share of €0.99 on revenue of €26.95B. Analysts polled by Investing.com anticipated EPS of €0.6929 on revenue of €26.18B. Stellantis NV shares are down 6.21% from the beginning of the year and are trading at €13.750 ,...
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By Geoffrey Smith Investing.com -- Germany’s biggest airline gave some food for thought to those playing the reopening trade on Thursday, revising down its own outlook and stressing that the fate of the sector this year rests in the hands of European politicians who are, so far, failing to get vaccines into people’s arms. Deutsche Lufthansa (DE:LHAG) said expects a second straight operating loss...
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LONDON (Reuters) - British Airways has struck a deal with a COVID-19 testing kit provider as airlines prepare for the desperately-needed restart of summer travel, which is likely to include tests for passengers. After months of lockdown, airlines hope Britain will give the go-ahead from mid-May for holidays to restart, boosting an...
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By Samuel Indyk Investing.com – Flipkart, Walmart’s Indian e-commerce unit – is reportedly looking at listing in the US via a merger with a special purpose acquisition company (SPAC), according to a Bloomberg News report. Flipkart is said to have contacted several SPACs in a deal that could see the unit valued at $35bln. Deliberations are at an early stage and Flipkart could...
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By Huw Jones LONDON (Reuters) - Britain and the European Union are on course to agree a deal on regulatory cooperation in financial services this month, but the UK's actions in Northern Ireland makes it harder to build trust, the bloc's financial services chief said on Thursday. "We are on track," Mairead McGuinness told a Politico event. The British government unilaterally extended...
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LONDON (Reuters) - British finance minister Rishi Sunak will probably have to offer concessions to businesses if he wants to be able to implement a big hike in corporation tax that is at the centre of his new budget plan, a leading think tank said on Thursday. The Institute for Fiscal Studies also said it was very unlikely that Sunak would be...
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