(Reuters) -British paper and packaging firm Mondi Plc said on Wednesday it would sell its Russian assets, the latest company to exit the country following Moscow’s invasion of Ukraine. Mondi said the net asset value of its Russian operations was 687 mi…
EU plan to curb foreign state-backed buyers picks up pace
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 fe…
Ocado plan to extend incentive scheme opposed by 29% of AGM votes
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 …
Ryanair load factor tops 90% for first time since COVID-19 began
DUBLIN (Reuters) – Ryanair’s load factor – a measure of how well an airline is filling available seats – rose above 90% for the first time since the beginning of the COVID-19 pandemic as traffic rose sharply during the key Easter holiday period. Ryanai…
MTU Aero appoints Lars Wagner as CEO from January 1, 2023
FRANKFURT (Reuters) – German military plane maker MTU Aero Engines said on Tuesday it had appointed Lars Wagner to replace Chief Executive Reiner Winkler, who will step down at the end of 2022 for personal reasons. Wagner, who has been MTU’s chief oper…
Airbus sets record jet output goal with new U.S. line
By Tim Hepher, Padraic Halpin and Tassilo Hummel DUBLIN/PARIS (Reuters) -Airbus on Wednesday firmed up record plans for a 50% hike in key narrowbody jet output as it gambles on a steady travel rebound led by the United States, where the European export…
Irish Jan-April tax revenues up 31% year-on-year
DUBLIN (Reuters) – Ireland collected 31% more tax in the first four months of the year than the same period in 2021 following a sharp jump in income tax receipts in April, the finance ministry said on Wednesday. After collecting far more tax in 2021 th…
Moncler sales beat expectations in first quarter ahead of investor day
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….
German aviation sees Russian oil embargo as manageable -Handelsblatt
FRANKFURT (Reuters) – Germany’s aviation industry views the European Union’s planned phase-out of Russian oil imports as manageable, though Berlin’s airport will be hurt more than others, Handelsblatt newspaper reported on Tuesday. “As things stand, in…
British Virgin Islands premier not subject to pre-trial detention, U.S. judge rules
By Brian Ellsworth and Isabel Woodford MIAMI (Reuters) -A U.S. judge on Wednesday ruled that Andrew Fahie, premier of the British Virgin Islands, will not face pre-trial detention while awaiting proceedings on charges that he conspired to launder money…