By Tim Hepher and David Shepardson FARNBOROUGH, England (Reuters) – Boeing has been cranking out order announcements at this week’s Farnborough Airshow, restoring momentum to its troubled 737 MAX, while rival Airbus on Wednesday added to its A320neo or…
HelloFresh lowers 2022 outlook citing inflation, Ukraine war
BERLIN (Reuters) – German meal-kit maker HelloFresh reduced its 2022 outlook on Wednesday, saying inflation, waning consumer confidence and the Ukraine war would weigh on earnings in the second half of the year. The company reduced its revenue growth o…
Analysis-‘Big Bang 2.0’ up in smoke as Britain’s finance law reforms underwhelm industry
By Huw Jones and Sinead Cruise LONDON (Reuters) – Britain’s reform of post-Brexit financial services is more about catching up with rivals than unleashing a ‘Big Bang 2.0’ as it sidesteps calls to cut taxes on banks or ease curbs on hiring foreign staf…
Rolls-Royce says CEO did not suggest Raytheon aimed to spin off P&W
FARNBOROUGH, England (Reuters) – Rolls-Royce on Wednesday said its chief executive had not speculated that Raytheon Technologies might spin off rival engine maker Pratt & Whitney (P&W), rejecting a report published by an aviation website. “We would nev…
‘Hasta la vista, baby,’ says UK’s Boris Johnson as he exits parliament
By William James and Alistair Smout LONDON (Reuters) -British Prime Minister Boris Johnson bowed out of his final showpiece parliamentary appearance with a round of applause from his party, jeers from opponents and an enigmatic exit line: “Mission larg…
Race to become UK PM down to the final two, Sunak and Truss
By Elizabeth Piper and Andrew MacAskill LONDON (Reuters) -Former finance minister Rishi Sunak and foreign secretary Liz Truss made the final two candidates on Wednesday to become Britain’s next prime minister, kickstarting the last stage of the contest…
Europe races to cut Russian gas usage amid new Putin warning
By Kate Abnett and Nina Chestney BRUSSELS/LONDON (Reuters) – The European Union will set out emergency plans on Wednesday to curb gas usage after President Vladimir Putin warned the bloc that Russian supplies sent via the biggest pipeline to Europe, No…
Armani revenues up 20% in H1 after 2021 recovery
MILAN (Reuters) – Italian luxury goods group Armani posted a 20% increase in sales at constant currencies in the first half, after swinging to an operating profit in 2021 as revenues returned above pre-pandemic levels in the second part of the year. Re…
Exit from Taiwan lifts shares of French company Carrefour
PARIS (Reuters) – Shares in French food retailer Carrefour rose 3% on Wednesday after it agreed to sell its remaining 60% stake in its Taiwan business, sparking hopes among some investors it could use the extra firepower to buy back shares. By 0702 GMT…
Athletics-Wightman relishes special family victory
By Mitch Phillips EUGENE, Ore. (Reuters) – Beating the Olympic champion to win a World Championship gold medal is a feeling few athletes get to experience but Jake Wightman is unique in doing it with his dad commentating on the race, live in the stadiu…