LONDON, May 22 Reuters British statebacked bank NatWest has agreed to buy 1.3 billion pounds 1.6 billion worth of its shares back from the government, as it edges closer towards private ownership 15 years after it was bailed out in the global financial crisis. The deal will reduce the government39;s stake in the former Royal Bank […]

Sees summer fares trending ahead of last year CEO unsure if travel will remain strong this winter Boeing delivery delays could hit 2024 capacity DUBLIN, May 22 Reuters Ryanair achieved close to record fullyear profit in the year to March 31 and is cautiously optimistic that robust summer demand will ensure modest profit growth in the […]

CHICAGO, May 19 Reuters American Airlines pilots have agreed in principle on a new contract, their union said on Friday, ahead of a busy summer travel season after years of negotiations with the largest U.S. carrier. The Allied Pilots Association APA, which represents over 13,000 pilots at Texasbased American, said it will move forward with completing […]

May 19 Reuters Shares of Foot Locker Inc plunged 26 on Friday, after the footwear retailer cut its annual sales and profit forecasts reeling under a sharp drop in demand and a hit from heavy discounts aimed at clearing excess inventories. The company also missed Wall Street estimates for its firstquarter results and named former Kohl39;s […]

TOKYO, May 19 Reuters Japanese automotive supplier Hitachi Astemo said on Friday it found misconduct over testing and other procedures for components had lasted as long as four decades, affecting a much wider range of plants and customers than previously disclosed. The comments come in the wake of news last month that Toyota affiliate Daihatsu rigged safety […]

LOS ANGELES, May 18 Reuters Walt Disney Co will shutter its immersive Star Warsthemed luxury hotel in Orlando this September, less than two years after it opened, as the media giant cuts costs throughout its entertainment and parks businesses. Disney announced the closing of the twonight Star Wars Galactic Starcruiser hotel and experience on Thursday but […]

China sales rebound in Q4 U.S. weakness deepens Shares down 4.9 LONDON, May 18 Reuters British luxury fashion brand Burberry on Thursday reported strongerthanexpected fourthquarter sales driven by a rebound in China but continued weakness in the United States sent its shares down sharply. Comparable store sales at the FTSE 100 group rose 16, accelerating from 1 […]

IDS adjusted operating loss was better than expected Group revenue slightly misses expectations Sees GLS profit hit from strategic initiatives Shares down 3 May 18 Reuters International Distributions Services is targeting a return to profit this financial year after its UK business Royal Mail made a 1 billion pound 1.26 billion loss last year, partly the […]

BENGALURU, May 16 Reuters Bharti Airtel Ltd, India39;s No. 2 telecom carrier by subscribers, on Tuesday reported fourthquarter revenue that fell short of analysts39; expectations, as 4G user growth and peruser revenue stagnated. The company39;s consolidated revenue from operations rose to 360.09 billion rupees 4.40 billion for the quarter ended March 31, from 315 billion […]

May 15 Reuters Hong Kong Disneyland Resort HKDL said on Monday its 2022 revenue jumped 31 as the number of domestic visitors to its attractions hit a record, helping the company shrug off the effects of pandemicrelated restrictions. Revenue for the 52week year ended on Oct. 1, 2022 grew to HK2.2 billion 280.29 million, with the […]