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Airbus Delivered 46 Jets in July, Books Big China Order
Date: August 9, 2022
By Tim Hepher PARIS (Reuters) – Airbus on Monday confirmed slower deliveries in July as a supply crunch left semi-finished jets outside its factories without engines, but bolstered its future business with confirmation of a major new order from China. The European planemaker said it had delivered 46 planes in July, down from 60 in...
PostNL Cuts Profit Forecast, Plans Price Increases to Cope With Higher Costs
Date: August 8, 2022
By Elitsa Gadeva (Reuters) -Dutch postal company PostNL on Monday cut its 2022 earnings outlook for the second time this year and said it would raise prices in 2023 to combat soaring costs and waning e-commerce volumes. Postal operators, who benefited from a surge in online shopping during coronavirus lockdowns, now face higher labour and...
Just Eat Misses on H1 Revenue, Maintains Profitability Forecasts
Date: August 3, 2022
By Toby Sterling AMSTERDAM (Reuters) -Just Eat Takeaway.com, Europe’s largest meal delivery company, on Wednesday reported worse than expected revenue and a loss for the first half of 2022, but maintained its growth and margin forecasts for the full year. Takeaway reported adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of negative 134 million...
Uber Eats in Focus as Inflation-Hit Consumers Rethink Ordering In
Date: August 1, 2022
By Nivedita Balu (Reuters) – The food-delivery business that kept Uber Technologies’ earnings afloat during the peak of the pandemic is expected to show signs of strain in second-quarter results due on Tuesday as decades-high inflation crimps consumer spending. The slowdown could dampen any boost from a rebound in Uber’s mainstay ride-hailing business that has...
Airbus CEO Says Farnborough Brings More Comfort on Engines
Date: July 20, 2022
By Tim Hepher (Reuters) -The head of the world’s largest planemaker, Europe’s Airbus, said on Wednesday he felt slightly more upbeat about delayed jet engine arrivals after talking to suppliers and said Airbus’ own jetliner delivery targets were “still feasible”. Guillaume Faury was talking to Reuters at the Farnborough Airshow where engine makers said they...
Royal Mail Says UK Business Losing One Million Pounds a Day Amid Union Clash
Date: July 20, 2022
By Eva Mathews and Yadarisa Shabong (Reuters) – Royal Mail is losing one million pounds a day, the British post and parcel delivery firm said on Wednesday, as it struggles to cut costs as inflation-hit consumers cut back on online shopping and postal workers threaten to strike. While the pandemic led to an unexpected boom...