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T-Mobile sells wireline business to Cogent for $1, expects hefty charge
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Tod’s sales rise 17% in first half of year
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E.ON casts doubt on German plan to keep nuclear plants on standby
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Greece considers listing 30% stake in Athens airport
UK’s finance minister sets out new economic approach to finance bosses
Date: September 8, 2022
LONDON (Reuters) – Britain’s finance minister Kwasi Kwarteng said on Wednesday he had set out the new Prime Minister Liz Truss’s “pro-growth economic approach” to finance heads in the City of London. “I set out Prime Minister @trussliz’s new, pro-growth economic approach, including immediate support for families and businesses to tackle the cost of living...
BoE’s Bailey speaks about surging inflation and rate hikes
Date: September 7, 2022
LONDON (Reuters) – Bank of England Governor Andrew Bailey and other top officials from the British central bank spoke to lawmakers on Wednesday about last month’s decision to raise interest rates to their highest since 2008 in the face of double-digit inflation. GOVERNOR ANDREW BAILEY ON ENERGY SUPPORT PLAN “It’s not for us to comment...
European shares fall as miners tumble on weak China demand
Date: September 7, 2022
By Shreyashi Sanyal (Reuters) – European shares fell on Wednesday, with miners leading losses, as investors fretted over global demand outlook for metals following lacklustre trade data from China, while Ubisoft slid as a deal with Tencent dampened its buyout prospects. Miners exposed to China lost 2.0% by 0828 GMT, while the European oil &...
Murmurs of ‘sterling crisis’ no longer fanciful: Mike Dolan
Date: September 7, 2022
By Mike Dolan LONDON (Reuters) – Even though fears of another “sterling crisis” have been wide of the mark for decades, they are harder to bat away this time around as a fourth British prime minister in six years takes the helm. In an interview last month, Bank of England chief Andrew Bailey testily dismissed...
Europe’s alternatives if Russia shuts off gas supply
Date: September 7, 2022
(This September 2 story corrects to show Germany plans to build five LNG terminals not two) By Nina Chestney LONDON – The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo further maintenance, Gazprom said on Friday after scrapping a Saturday deadline to resume flows, deepening Europe’s difficulties in securing fuel. Gazprom...
Finnair to cut costs, reduce fleet to return profitable
Date: September 7, 2022
(Corrects to read Wednesday (not Monday), paragraph 1) HELSINKI (Reuters) – Finnair will reduce its fleet, cut costs and seek to build a geographically more balanced network, the Finnish national carrier said on Wednesday in a new strategy to solve its profitability problems. Finnair has been working on a new strategy and seeking new commercially...