(Reuters) – Satellite company SES on Thursday reported stronger-than-expected quarterly core earnings driven by resilient performance in its networks business. The Luxembourg-based group reported adjusted earnings before interest, tax, depreciation and…
Lufthansa says fuel costs offset post-COVID travel boom in Q1
FRANKFURT (Reuters) – Germany’s flag carrier Lufthansa reported a bigger-than-expected quarterly loss on Thursday as rising fuel costs cancelled out revenue gains from booming travel demand after lifted COVID-19 restrictions. The airline’s adjusted los…
Zalando dims 2022 outlook after Q1 operating loss
BERLIN (Reuters) – German online fashion retailer Zalando was slightly more sceptical about its outlook for 2022 after posting a first-quarter adjusted operating loss in the first quarter on Thursday. From January to March, the company reported an adju…
EDF hopes to seal EPR nuclear reactor deal in India in coming months
PARIS (Reuters) – French power group EDF hopes to seal a deal to equip six next-generation EPR nuclear reactors in India “in the coming months”, a group spokesperson said on Thursday, confirming a report by BFM television. The French state-controlled p…
Air France-KLM beats earnings forecasts as summer bookings take off
PARIS (Reuters) -Air France-KLM posted a first-quarter core profit that landed ahead of its own forecasts, fuelled by a recovery in ticket sales and lower unit costs, the Franco-Dutch airline group said on Thursday. Chief Executive Officer Benjamin Smi…
Russia weighs on Credit Agricole’s Q1, capital miss hits shares
By Julien Ponthus LONDON (Reuters) -Credit Agricole SA on Thursday posted a sharp fall in first-quarter profit as it took more than half a billion euros in provisions against its exposure to Russia and Ukraine. A disappointing reading for its capital r…
UniCredit surprises with buyback as it tackles Russia exit
By Valentina Za MILAN (Reuters) -UniCredit cheered investors by saying it would soon start a 1.6 billion euro ($1.7 billion) share buyback put at risk by the Ukraine war, even as it set aside almost as much to cover the cost of quitting Russia. One of …
Explainer: Why NOPEC, the U.S. bill to crush the OPEC cartel, matters
By Timothy Gardner WASHINGTON (Reuters) – A U.S. Senate committee is expected to pass a bill on Thursday that could open members of the Organization of the Petroleum Exporting Countries and its partners to antitrust lawsuits for orchestrating supply cu…
Credit Suisse froze $10.6 billion worth of sanctioned assets in Q1
By Michael Shields and Brenna Hughes Neghaiwi ZURICH (Reuters) – Credit Suisse froze 10.4 billion Swiss francs ($10.63 billion) of wealthy clients’ assets in the first quarter under sanctions imposed in connection with Russia’s invasion of Ukraine, the…
UK new car sales down 16% in April, 2022 outlook cut – SMMT
(Reuters) – British new car sales fell about 16% in April, compared with a year earlier, prompting a downgrade to the full-year outlook, according to preliminary industry data released on Thursday. The Society of Motor Manufacturers and Traders (SMMT) …