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Ex-finance minister Sunak launches bid to be UK PM as rival backs him
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Seething Sri Lanka stops president’s brother flying out of the country
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Factbox-Views of frontrunners to succeed UK’s Boris Johnson
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Monte Paschi CEO sees positive market feedback on $2.5 billion cash call
UK leadership candidate Sunak: we can’t promise lower taxes and more spending
Date: July 12, 2022
LONDON (Reuters) -Britain’s former finance minister, Rishi Sunak, set out his leadership campaign pitch on Tuesday, offering himself up as an “honest” prime minister who would balance the books, reduce the role of the state and grow the economy. A frontrunner who received a further boost from two senior ministers, Sunak said he was the...
‘Fear has taken the wheel’: German investor morale nosedives in July
Date: July 12, 2022
BERLIN (Reuters) -German investor sentiment plunged below levels at the outset of the coronavirus pandemic in July due to major energy concerns, supply bottlenecks and rate hikes from the European Central Bank. The ZEW economic research institute said on Tuesday its economic sentiment index fell to -53.8 points from -28.0 in June. The July figure...
Factbox-Now UK’s Boris Johnson has quit, who might replace him?
Date: July 12, 2022
By Andrew MacAskill and Kylie MacLellan LONDON (Reuters) – Who might replace Boris Johnson as Britain’s prime minister? Below is a summary of those who have announced they want the job and others who could be in the frame after Johnson announced on Thursday he was resigning. There is no clear favourite and the candidates...
Saipem shares plunge after cash call falls short
Date: July 12, 2022
MILAN (Reuters) -Shares in Italy’s Saipem fell as much as 40% on Tuesday after investors subscribed for only 70% of its 2 billion euro cash call, signalling limited confidence in the turnaround plan for the Italian energy services group. Saipem said on Monday it had raised around 1.395 billion euros ($1.4 billion) at the closing...
Analysis-Spirit Airlines winning bidder may need years to recoup price tag
Date: July 12, 2022
By Angelique Chen, Anirban Sen and David Carnevali (Reuters) – The bidding war for Spirit Airlines Inc between Frontier Group Holdings Inc and JetBlue Airways Corp may leave the acquirer taking years to earn back their investment. JetBlue’s latest cash-and-stock bid values Spirit at $3.7 billion, while Frontier’s latest cash-and-stock bid, which Spirit recommends its...
SAS and pilot unions to resume deadlocked talks Wednesday
Date: July 12, 2022
By Victoria Klesty and Essi Lehto STOCKHOLM/OSLO (Reuters) – Embattled Scandinavian airline SAS and unions representing pilots will resume negotiations on Wednesday to try and agree a new labour deal to end a one-week strike. SAS has cancelled more than 1,200 flights since July 4 when talks with many of its pilots over a new...