market-conditions
Top StoriesOpec+ Meeting to Take Into Account Market Conditions – Iraqi Official
Top StoriesAdidas Slashes 2022 Outlook After Kanye West Split
Top StoriesNovavax Cuts Full-Year Revenue Forecast Again Amid Weak Demand
Top StoriesUK Fund Managers Schroders and Jupiter’s Assets Fall on Volatile Markets
Just Eat Delivers Q3 Profit as Cost Cuts Outweigh Lower Order Volumes
Date: October 19, 2022
By Diana Mandia and Dagmarah Mackos (Reuters) -Just Eat Takeaway.com, Europe’s largest meal delivery company, said on Wednesday it made an underlying quarterly profit earlier than expected as efforts to cut delivery and operating expenses offset falling orders. The total value of orders, known as gross transaction value (GTV), a common measure for e-commerce companies,...
Dozens of LNG-laden Ships Queue Off Europe’s Coasts Unable to Unload
Date: October 18, 2022
By Marwa Rashad and Belén Carreño LONDON/MADRID (Reuters) -Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they may have to suspend loading to deal with this “exceptional situation”. Europe is facing an energy supply...
EU Seeks to Break Impasse Over Gas Price Caps, ‘no Regret’ Plan Floated
Date: October 12, 2022
By Kate Abnett and Robert Muller PRAGUE/BRUSSELS (Reuters) – The question of how, when and whether to cap gas prices loomed over another meeting of European Union countries on Wednesday, as they pursue a joint plan to target high gas prices – a compromise that has eluded them for weeks. The 27-country EU is plotting...
Weaker Refining, Gas Trading to Hit Shell’s Q3 Results
Date: October 6, 2022
By Ron Bousso LONDON (Reuters) – Shell said on Thursday its third-quarter profit would be pressured by a near halving of oil refining margins, crumbling chemical margins and weaker natural gas trading. The British energy giant reported two consecutive quarters of record profit in the first half of the year amid soaring oil and gas...
UK’s Made.com to Cut Jobs and Launch Strategic Review
Date: September 23, 2022
(Reuters) -British online furniture retailer Made.com said on Friday it would cut jobs, conduct a strategic review, including a formal sale process, and withdraw its full year forecast due to “challenging” market conditions. Made.com would cut back costs by laying off staff within the next few weeks, it said in a statement. It didn’t immediately...
Prices of Airline Tickets Stay High as Upkeep Woes Crimp Fleets
Date: September 21, 2022
By Jamie Freed SINGAPORE (Reuters) – Labour shortages and supply chain snarls are making it harder for airlines and lessors to return airplanes grounded during the pandemic to the skies as quickly as they would like, operators and maintenance providers say. A global squeeze on maintenance, repair and overhaul (MRO) capacity is one of the...