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NATO does not plan nuclear arms or bases in Finland, PM tells paper
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Exit Bee hires Neil Stewart as Business Development Director as its client roster grows
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Euro zone swings to a rare current account deficit in March
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German airline Condor eyes return to profitability next year
Britain’s pound inches up, but growth fears dominate
Date: May 19, 2022
By Lucy Raitano LONDON (Reuters) – Britain’s pound inched up against the dollar on Thursday, but stayed clear of recent two-week highs as soaring inflation combined with a murky growth outlook prevented a stronger rebound. At 0850 GMT, sterling was up 0.4% at $1.2395. However, the currency stayed off highs of $1.25 seen earlier this...
UK sanctions Russian airlines to prevent them selling landing slots
Date: May 19, 2022
LONDON (Reuters) – Britain said on Thursday it was introducing new sanctions against the Russian airline sector to prevent state-owned Aeroflot, Ural Airlines and Rossiya Airlines from selling their unused landing slots at British airports. The British government said it estimated the landing slots were worth 50 million pounds ($61.9 million). “We’ve already closed our...
EDF issues another profit warning over reactor outages
Date: May 19, 2022
By Benjamin Mallet, Dominique Vidalon and Christian Lowe PARIS (Reuters) -France’s EDF warned that nuclear outages would cost it 4.5 billion euros ($4.72 billion) more than it estimated earlier this month, sending shares in the state-controlled power utility down more than 2% on Thursday. The outages at its nuclear power plants are largely related to...
Royal Mail’s profit outlook shaky on labour dispute; shares slide
Date: May 19, 2022
By Yadarisa Shabong (Reuters) -Britain’s Royal Mail said on Thursday the pay dispute with its largest labour union is a “key uncertainty” for the group this fiscal year after 2021-22 profit missed analysts’ estimates, sending shares 12% lower. The Communication Workers Union (CWU), which represents more than a hundred thousand Royal Mail postal workers, had...
Biden to meet leaders of Finland, Sweden on NATO expansion
Date: May 19, 2022
By Steve Holland WASHINGTON (Reuters) – U.S. President Joe Biden meets the leaders of Sweden and Finland on Thursday after the nations set aside their long-standing neutrality and moved to join the NATO alliance in response to Russia’s invasion of Ukraine. Hours before his first trip to Asia as president, Biden will sit down with...
Canada’s Brookfield buys Britain’s HomeServe for $5 billion
Date: May 19, 2022
By Emma-Victoria Farr and Sachin Ravikumar FRANKFURT (Reuters) -Canada’s Brookfield Asset Management has agreed to buy British home repair services firm HomeServe for 4.08 billion pounds ($5.04 billion), as it looks to broaden its exposure to UK residential infrastructure investments. News of the recommended cash deal, which adds to Brookfield’s $725 billion portfolio of alternative...