By Lucy Raitano LONDON (Reuters) – Britain’s pound inched up against the dollar on Thursday, but stayed clear of recent two-week highs as soaring inflation combined with a murky growth outlook prevented a stronger rebound. At 0850 GMT, sterling was up …
Advisory firm PIRC opposes Shell climate plan for lacking ambition
By Shadia Nasralla LONDON (Reuters) – Advisory group PIRC recommended shareholders vote against Shell’s non-binding climate resolution at the energy company’s annual general meeting (AGM) on Tuesday, according to a document seen by Reuters. The Pension…
Britain’s National Grid posts jump in annual profit
(Reuters) – Energy supplier National Grid reported a 16% jump in annual pre-tax profit on Thursday, but said that rising energy prices and a cost-of-living crisis in Britain posed a “significant” challenge. The utility, which runs Britain’s energy syst…
EasyJet says bookings strong as it posts 545 million stg first half loss
LONDON (Reuters) – British low-cost carrier easyJet said demand was strong, with bookings in the last 10 weeks consistently above pre-pandemic levels, as it reported a first-half headline loss of 545 million pounds ($674 million), in line with its guid…
Britain’s Currys appoints ASOS’ Dyson as chairman
LONDON (Reuters) – British electricals retailer Currys said on Thursday that Ian Dyson would succeed Ian Livingston as chairman in September. Dyson, the current chairman of online fashion retailer ASOS, will join Currys’ board as a non-executive direct…
Money for Ukraine to top G7 agenda; inflation, food a concern
KONIGSWINTER, Germany (Reuters) – G7 financial leaders are likely to focus on Thursday and Friday on how to help Ukraine pay its bills, with reconstruction after the war, surging global inflation, climate change, supply chains and the impending food cr…
Deutsche Bank enters new era as chairman’s rocky decade ends
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) – Deutsche Bank begins a new epoch on Thursday as Chairman Paul Achleitner leaves after a rocky decade during which Germany’s largest lender lost billions and saw its share price plummet. If all goes to…
Biden visits Japan, South Korea carrying warning to China
By Trevor Hunnicutt, David Brunnstrom and Michael Martina WASHINGTON/SEOUL/TOKYO (Reuters) – Joe Biden will visit Japan and South Korea on his first Asian trip as U.S. president, carrying a clear message to China, advisers and analysts say – don’t try …
More work to resume in Shanghai’s zero-COVID areas from June
SHANGHAI (Reuters) -The COVID-19-hit financial hub of Shanghai will start to allow more businesses in zero-COVID areas to resume normal operations from the beginning of June, a deputy mayor said on Thursday as the city looks forward to the end of lockd…
N.Korea boosts production of drugs, medical supplies to battle COVID
By Hyonhee Shin SEOUL (Reuters) – North Korea is ramping up production of drugs and medical supplies including sterilisers and thermometers as it battles an unprecedented coronavirus outbreak, state media KCNA said on Thursday. The isolated country, wh…