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What would be the impact of Russian oil sanctions in Europe?
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EDF hopes to seal EPR nuclear reactor deal in India in coming months
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Air France-KLM beats earnings forecasts as summer bookings take off
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With Apple fight ongoing, Dutch watchdog ACM to investigate Google Play store practices
EU plan to curb foreign state-backed buyers picks up pace
Date: May 4, 2022
By Foo Yun Chee BRUSSELS (Reuters) – EU countries and lawmakers will on Thursday kick off discussions on a European Commission plan targeting foreign state-backed buyers of European companies amid fears of a Chinese buying spree. The 27-country bloc fears Chinese companies reinforced with state funding may acquire European firms whose share prices have been...
Ocado plan to extend incentive scheme opposed by 29% of AGM votes
Date: May 4, 2022
By James Davey LONDON (Reuters) – Some 29% of votes cast at Ocado’s annual shareholder meeting on Wednesday opposed the online supermarket and technology group’s plan to extend a management incentive scheme beyond its original five-year term. The same number of votes cast at the AGM also opposed Ocado’s pay policy. In 2020, almost 30%...
Oil jumps $4 a barrel as EU proposes ban on Russian oil
Date: May 4, 2022
By Ahmad Ghaddar and David Gaffen NEW YORK (Reuters) -Oil prices jumped on Wednesday as the European Union, the world’s largest trading bloc, spelled out plans to phase out imports of Russian oil, which offset worries about demand in top crude importer China. Brent crude futures were up $4.00, or 3.8%, to $108.97 a barrel...
European shares slammed by lacklustre earnings, Fed jitters
Date: May 4, 2022
By Sruthi Shankar and Shreyashi Sanyal (Reuters) -European stocks dropped on Wednesday, weighed by disappointing earnings and investor jitters ahead of a policy decision by the U.S. Federal Reserve, which is expected to hike rates by the most since 2000 to tame inflation. The pan-European STOXX 600 index dropped 1.1%, and most regional indexes were...
Moncler sales beat expectations in first quarter ahead of investor day
Date: May 4, 2022
By Claudia Cristoferi MILAN (Reuters) -First quarter sales at Italian fashion group Moncler jumped by 60%, beating once again analysts expectations, driven by a strong performance in China that offset new Covid-19 restrictions, as well as a surge in U.S. and online sales. The luxury outwear maker will hold an investor presentation on Thursday, its...
Healthcare, consumer staples weigh on London’s FTSE 100
Date: May 4, 2022
By Bansari Mayur Kamdar (Reuters) -UK’s benchmark equities index declined on Wednesday, weighed by weakness in consumer staple and healthcare shares, while investors awaited the Federal Reserve’s interest rate decision later in the day. The blue-chip FTSE 100 index closed 0.9% lower, with drugmaker Astrazeneca, GSK and cyclical names such as Diageo, Unilever among the...