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Reuters - 1 minute ago

Financial Times - July 16

PRESS DIGEST- Financial Times - July 16 July 16(Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK green taxes on electricity bills deter EV take-up, say energy suppliers - Boutique bank founded by Goldman dealmakers aims for UK expansion - Burberry replaces chief executive and warns on profits - Airbus and Thales explore space tie-up Overview - British power suppliers EDF Energy and Oc
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Reuters - 8 hours ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Updates Macy's July 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Monday: ** Macy's M.N scrapped talks with an investor group comprising Arkhouse Management and Brigade Capital that had offered to acquire the department store chain for $6.9 billion, sending its shares down 15%.
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Reuters - 12 hours ago

Airbus Wins Order For H160 And H145s Helicopters From Memorial Hermann Life Flight

BRIEF-Airbus Wins Order For H160 And H145s Helicopters From Memorial Hermann Life Flight July 15 (Reuters) - Airbus SE AIR.PA : MEMORIAL HERMANN LIFE FLIGHT HAS PLACED ORDERS FOR ONE H160 AND FOUR H145S TO REPLACE ITS CURRENT FLEET OF EC145 HELICOPTERS Source text: https://shorturl.at/xJrXH Further company coverage: AIR.PA (Gdansk Newsroom)
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Reuters - 13 hours ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions July 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** Macy's M.N has ended its buyout discussions with Arkhouse Management and Brigade Capital, saying that their raised offer lacked the certainty of financing and did not provide compelling value, sending its shares down 15% in early trading.
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Reuters - 20 hours ago

Airbus upgrades 20-year demand forecast led by wide-body jets

Airbus upgrades 20-year demand forecast led by wide-body jets By Tim Hepher PARIS, July 15 (Reuters) - Airbus AIR.PA on Monday revised up its 20-year demand forecast for jetliners as many airlines modernise long-haul fleets and Asia's surging economies lock into air travel. The world's largest planemaker predicted in an annual report on jet industry trends that the global fleet would more than double over the next two decades to 48,230 planes.
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Reuters - 20 hours ago

Airbus, Thales looking at merging some of their space activities - sources

Airbus, Thales looking at merging some of their space activities - sources PARIS, July 15 (Reuters) - European aerospace groups Airbus and Thales are exploring a potential tie-up of some of their space activities, two industry sources told Reuters on Monday, confirming an earlier report by French business paper La Tribune. The sources said the talks were focusing on the groups' satellite activities.
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Reuters - 21 hours ago

Airbus and Thales explore tie-up of space activities, sources say

UPDATE 3-Airbus and Thales explore tie-up of space activities, sources say Adds details and context from paragraph 4 By Tim Hepher, Giulia Segreti and Tassilo Hummel PARIS, July 15 (Reuters) - European aerospace groups Airbus AIR.PA and Thales TCFP.PA are exploring a tie-up of some space activities as new competition disrupts the sector, two industry sources said.
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Reuters - 22 hours ago

Airbus and Thales 'seriously' looking at tie-up of space activities - La Tribune

Airbus and Thales 'seriously' looking at tie-up of space activities - La Tribune PARIS, July 15 (Reuters) - Airbus AIR.PA and Thales TCFP.PA are considering merging their space activities, French business paper La Tribune reported on Monday, citing unnamed sources. "The two groups have launched low-key discussions that are exploratory in nature, according to several sources," the paper said.
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Reuters - 4 days ago

Deutsche Bank cuts Spirit AeroSystems to 'hold' on pending Boeing takeover

BUZZ-Deutsche Bank cuts Spirit AeroSystems to 'hold' on pending Boeing takeover ** Deutsche Bank downgrades Spirit AeroSystems SPR.N to "hold" from "buy", but raises PT marginally to $37.25 from $37 ** The new PT represents 8% upside to the stock's last close ** "We are downgrading SPR given the pending acquisition by Boeing and limited acquisition
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Reuters - 4 days ago

Airbus launches cost cuts to 'save 2024' after output woes

EXCLUSIVE-Airbus launches cost cuts to 'save 2024' after output woes New Airbus performance-improvement plan dubbed 'LEAD!' Plan seeks quick action on unit costs, boost in future productivity Planemaking CEO warns staff rival Boeing will bounce back radically improved Rewrites introduction, adds more details from paragraph 7 By Tim Hepher PARIS, July 12 (Reuters) - Airbus AIR.PA has launched a programme of cost cuts and a freeze on overall headcount to shore up performance at its core planemakin
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Reuters - 4 days ago

Airbus launches new cost-cutting drive after output woes, sources say

EXCLUSIVE-Airbus launches new cost-cutting drive after output woes, sources say PARIS, July 12 (Reuters) - Airbus AIR.PA has launched a performance improvement plan including cost cuts and a freeze on overall headcount in its planemaking business, after recent cuts in targets for aircraft production, industry sources said, citing a memo to staff. Code-named "LEAD!", the new initiative will urgently tackle an increase in unit costs, which have been accelerating compared to unit revenues, and addr
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Reuters - 4 days ago

Germany's Lufthansa cuts 2024 profit target for a second time

UPDATE 3-Germany's Lufthansa cuts 2024 profit target for a second time Updates share moves in paragraph 3, context on earlier profit warning in paragraph 8 By Joanna Plucinska, Ludwig Burger and Ozan Ergenay LONDON/FRANKFURT, July 12 (Reuters) - Deutsche Lufthansa LHAG.DE slashed its 2024 earnings guidance for a second time and issued a profit warning for its second quarter on Friday as one of Europe's top airlines struggles with low returns and operations problems.
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Reuters - 4 days ago

Norwegian Air's shares rise after second-quarter profit beat

UPDATE 4-Norwegian Air's shares rise after second-quarter profit beat Adds CEO comments in paragraph 4-6, updates share movement, final paragraph By Agata Rybska July 12 (Reuters) - Norwegian Air NAS.OL reported second-quarter core earnings above market expectations on Friday after a rise in unit cost levels helped offset the impact of a dip in demand on ticket prices.
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Reuters - 4 days ago

Air Incheon to consider widebody freighter orders after Asiana cargo purchase

CORRECTED-Air Incheon to consider widebody freighter orders after Asiana cargo purchase Corrects paragraph 6 to reflect Air Incheon does plan to sell space directly to logistics firms By Lisa Barrington SEOUL, July 12 (Reuters) - Air Incheon, set to become South Korea's second-biggest freight carrier once a deal to buy Asiana Airlines' 020560.KS cargo unit is finalised, will consider both Boeing BA.N and Airbus AIR.PA freighters to refresh the widebody fleet, its CEO said.
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Reuters - 4 days ago

NATO summit highlights defense deals for RTX, Boeing and others

FACTBOX-NATO summit highlights defense deals for RTX, Boeing and others WASHINGTON, July 11 (Reuters) - The NATO summit in Washington showcased a series of significant deals for top U.S. defense companies and others, including RTX RTX.N , Lockheed Martin LMT.N , Boeing BA.N , Norway's Kongsberg Defense KOG.OL and Sweden's SAAB SAABb.ST . Here are some of the weapons procurements that were highlighted, many of which have been in development for months, if not years.
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Reuters - 4 days ago

Boeing nearing deal to sell 777X jets to Korean Air, sources say

UPDATE 1-Boeing nearing deal to sell 777X jets to Korean Air, sources say Adds details on Korean Air, Boeing, 777X plane, Farnborough Airshow, paragraphs 6-9 Korean nears Boeing deal after ordering Airbus jets, sources say Potential order could involve 20 to 30 777X jets, sources say Fleet review comes amid plans to acquire control of Asiana July 11 (Reuters) - Boeing BA.N is nearing a potential sale of some two dozen 777X jets to Korean Air 003490.KS in a roughly $4 billion to $6 billion deal t
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Reuters - 4 days ago

Boeing nearing deal to sell 777X jets to Korean Air, sources say

Boeing nearing deal to sell 777X jets to Korean Air, sources say July 11 (Reuters) - Boeing BA.N is nearing a potential sale of some two dozen 777X jets to Korean Air 003490.KS in a roughly $4 billion to $6 billion deal that could be finalised as early as July's Farnborough Airshow, industry sources said. South Korea's largest carrier has been in talks over a potential return to its traditional supplier of long-haul aircraft for months after placing a surprise order for 33 A350 jets from Boeing'
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Reuters - 5 days ago

Four European nations agree to jointly develop long-range cruise missiles

UPDATE 1-Four European nations agree to jointly develop long-range cruise missiles Adds details, quotes, background By Sabine Siebold and John Irish WASHINGTON, July 11 (Reuters) - France, Germany, Italy and Poland signed a letter of intent on Thursday to develop ground-launched cruise missiles with a range beyond 500 km (310 miles), aiming to fill what they say is a gap in European arsenals exposed by Russia's war in Ukraine .
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Reuters - 5 days ago

Delta Air CEO Says Domestic Industry Growth Has Accelerated Through Summer Months, Impacting Yield Performance In Main Cabin

BRIEF-Delta Air CEO Says Domestic Industry Growth Has Accelerated Through Summer Months, Impacting Yield Performance In Main Cabin July 11 (Reuters) - Delta Air Lines Inc DAL.N : DELTA AIR CEO SAYS DOMESTIC INDUSTRY GROWTH HAS ACCELERATED THROUGH SUMMER MONTHS, IMPACTING YIELD PERFORMANCE IN MAIN CABIN DELTA AIR CEO SAYS DELTA IS THE MOST INSULATED FROM THIS DYNAMIC DELTA AIR CEO SAYS ENCOURAGED BY ACTIONS INDUSTRY IS TAKING, THERE APPEARS TO BE INCREASED FOCUS ON IMPROVING FINANCIAL PERFORMANCE
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Reuters - 5 days ago

France, Germany, Italy, Poland agree to jointly develop long-range cruise missiles

France, Germany, Italy, Poland agree to jointly develop long-range cruise missiles WASHINGTON, July 11 (Reuters) - France, Germany, Italy and Poland on Thursday kicked off an initiative to develop ground-launched cruise missiles with a range beyond 500 kilometres to fill a gap in European arsenals that they say has been exposed by Russia's war in Ukraine.
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