Europe Business

UEFA set to decide on possible Nations League venue switches

13/08 The lingering impact of the COVID-19 pandemic could lead to some UEFA Nations League matches being held at neutral grounds, with any decisions on venue switches likely to come before the Champions League final on Aug. 23, sources have told Reuters.  Full story

UK Stocks-Factors to watch on Aug. 14

07h03 Britain's FTSE 100 index is seen opening 13 points higher at 6,199 on Friday, according to financial bookmakers. * TRAVEL: Britain will impose a 14-day quarantine on all arrivals. . .  Full story

Shell unit shuts Philippine refinery as pandemic slashes margins

06h22 The Philippine unit of Royal Dutch Shell said on Thursday it will permanently shut one of the country's two oil refineries, blaming a pandemic-led slump in margins, with other regional closures likely to follow, according. . .  Full story

Gold prices set for first weekly decline in 10

05h59 Gold fought for traction on Friday as a jump in U.S. Treasury yields forced investors to reassess their positions again after a steep retreat from a record peak earlier this week, which put bullion. . .  Full story

Shanghai copper set for weekly loss as China data disappoints

05h24 Shanghai copper prices on Friday were set to rack up a loss for the week, as disappointing data from China and uncertainty around a U.S. stimulus package squeezed prices.. . .  Full story

Oil prices rise, head for weekly gain amid cautious hopes for fuel demand recovery

03h17 Oil prices advanced on Friday and were heading for a second week of gains amid growing confidence that demand for fuel is starting to pick up despite the coronavirus pandemic that has slammed economies. . .  Full story

Extend loan repayment freezes until 2021, UK consumer group Which? says

01h00 Consumer group Which? has called on Britain's Financial Conduct Authority to extend loan repayment holidays and interest-free overdrafts until Jan. 31 to shield millions of households from severe financial distress when the reliefs end in. . .  Full story

Slovenia's NLB bank H1 profit falls 22% on bad loan provisions

13/08 Net profit at Nova Ljubljanska Banka (NLB) fell 22% to 73.7 million euros ($86.95 million) in the first half of 2020 as Slovenia's largest bank set aside money to cover bad loans caused by. . .  Full story

California startup aims to tackle battery degradation in electric cars

13/08 Lithium-ion batteries are essential to electric vehicles, but they have drawbacks: They are hard to make and degrade over time.. . .  Full story

Codelco CEO sees copper price steady at $2.80/lb thru 2020

13/08 Codelco Chief Executive Officer Octavio Araneda said on Thursday he expects the copper price to hold at around $2.80 per pound through 2020.. . .  Full story

PGS rejects $600 mln seismic data offer from rival TGS

13/08 Seismic surveyor PGS said on Thursday it had rejected a $600 million offer for its geophysical data library from rival TGS, arguing that the bid undervalued the assets and that a sale would hurt. . .  Full story

Commodity trade finance revenue tumbles 40% in Q2 -report

13/08 Revenue from commodities trade finance slid 40% year-on-year to $700 million in the second quarter, consultancy Coalition said on Thursday, as banks such as ABN Amro exit the business.. . .  Full story

Copper slips on weak Chinese demand, Chile turns on supply taps

13/08 Copper prices eased on Thursday as concerns over supply from South America receded and seasonally weak demand in top consumer China resurfaced.. . .  Full story

German yields track U.S. Treasuries to hit 5-week high

13/08 Euro zone yields rose, with German 10-year borrowing costs hitting five-week highs as global bond markets tracked a rise in Treasury yields before a record U.S. bond auction. . .  Full story

European stocks end four-day winning run as UK's FTSE drags

13/08 European stocks broke a four-day winning streak on Thursday as ex-dividend trading and a stronger pound hit the UK's blue-chip companies, while investors sold off banks and energy stocks that have outperformed this week.. . .  Full story

Ex-dividend trading trips FTSE 100; National Express tumbles

13/08 The FTSE 100 fell for the first time in five sessions on Thursday as a clutch of blue-chip firms traded ex-dividend, while National Express Group slumped after reporting a pre-tax loss for the first. . .  Full story

Middle East insurers seen taking bulk of losses from Beirut blast - sources

13/08 Insurers in the Middle East are expected to absorb a large part of the losses from Beirut's explosion last week with Lloyd's of London and other international players expected to be less exposed, insurance industry. . .  Full story

Air France-KLM's Dutch arm puts workers' pay hike on hold

13/08 Air France-KLM's Dutch arm said on Thursday it would unilaterally freeze a 2.5% pay raise it had agreed for workers in 2020, in light of the company's plans to cut costs in the face. . .  Full story

Hedge funds make $1 bln from bets against travel companies

13/08 Hedge funds betting against travel stocks this year made profits of $1.01 billion to end-July, and have $2.98 billion in short positions outstanding in the industry, regulatory filings and investment bank stock lending data shows.. . .  Full story

Lanxess sees 2020 core profit at lower end of forecast, tough Q3

13/08 German specialty chemicals maker Lanxess said on Thursday its full-year core profit was likely to come at the lower end of its outlook, predicting some headwinds in the third quarter and improvement only later. . .  Full story

Meyer shipyard in Finland cuts 166 jobs

13/08 German shipyard Meyer Werft's Finnish subsidiary will lay off 166 employees in a first round of job cuts, it said on Thursday, citing "dramatic changes" in the cruise business and shipbuilding industry caused by. . .  Full story

U.S. forecaster sees 60% chance of La Niña in 2020 fall

13/08 There is a chance of about 60% that La Niña will develop during the Northern Hemisphere fall of 2020, with a 55% chance the pattern will continue through the winter of 2020-21, a U.S.. . .  Full story

Lufthansa halts talks with union on staff cost cuts

13/08 German airline Lufthansa said on Thursday it had walked away from talks with union Verdi over a package to cut staff costs and would only return to the negotiating table if Verdi offers significant labour. . .  Full story

Philippines confirms death of ex-Wirecard exec Bauer

13/08 Former Wirecard executive Christopher Bauer, one of several people being investigated over a multi-billion dollar fraud at the German payments firm, died in The Philippines last month, the Justice ministry confirmed on Thursday.. . .  Full story

TABLE-Italy's banks up provisions against virus-driven losses in Q2

13/08 Italian banks stepped up provisions against pandemic-driven loan losses in the second quarter, driving overall provisions to 5.1 billion euros ($6 billion) in the first half of the year.. . .  Full story

Childminders and debt collectors - UK job ads hit post-lockdown high

13/08 Employers in Britain have posted the most job advertisements since the country went into its coronavirus lockdown but there were some warning signals about the economy's recovery prospects in the increase in demand for workers.. . .  Full story

EU eyes sanctions over disputed Belarus election 'as soon as end-August'

13/08 The European Union will likely impose new sanctions on Belarus as soon as later this month, diplomats and officials said, after President Alexander Lukashenko cracked down on protests triggered by a disputed election.. . .  Full story

Shrugging off COVID-19, RWE eyes upper end of profit forecast

13/08 RWE, Germany's biggest electricity producer, on Thursday said it will reach the upper end of its 2020 profit estimate thanks in part to its increasing focus on renewables, in particular solar and wind power.. . .  Full story

Airlines cut European recovery outlook as pandemic drags on

13/08 Airlines further lowered their European traffic outlook on Thursday, as persistent travel restrictions and concerns about a second wave of COVID-19 dent recovery prospects for the sector.. . .  Full story

Barcelona changes tourism tactics in the COVID era

13/08 The sight of local kids playing under the palm trees in an almost empty Plaça Reial square reminds Gloria Gomez of her childhood in the 1980s before tourism swamped the Barcelona landmark.. . .  Full story

Fastweb CEO backs TIM's last-mile network project

13/08 Fastweb, the Italian phone business of Swisscom, on Thursday said Telecom Italia's (TIM) last-mile network project was "sound" and would ensure an upgrade of the copper and fibre grid that connects homes to street cabinets.. . .  Full story

EU sets Sept. 16 deadline for decision on $9.2 bln Worldline, Ingenico deal

13/08 EU antitrust regulators will decide by Sept. 16 whether to clear French payments company Worldline's 7.8-billion-euro ($9.23 billion) buy of rival Ingenico to create a European leader.. . .  Full story

French car sales continue to bounce back in August - sources

13/08 French new car sales are set to be higher in August than in the same month last year on the back of a market rebound following the coronavirus pandemic, said two sources close to. . .  Full story

French unemployment rate hits 37-year low as lockdown skews data

13/08 French unemployment fell to a 37-year low in the second quarter, as a multi-year downtrend was exaggerated by a coronavirus lockdown that meant people couldn't look for work, data from statistics agency INSEE showed. . .  Full story

UK watchdog holds off on price controls in funeral sector; Dignity shares soar

13/08 Britain's competition watchdog said on Thursday it was currently unable to impose price controls on the funerals sector due to the coronavirus crisis but will likely require it to make more disclosures on pricing. . .  Full story

Deutsche Telekom CEO: We're well placed to drive European consolidation

13/08 Deutsche Telekom is well placed to drive European industry consolidation, CEO Tim Hoettges said on Thursday, thanks to strategic execution that has lifted its market value above that of its peers.. . .  Full story

TUI looking at new equity, divestments to cut COVID-19 debt pile

13/08 TUI , the world's largest tourism company, said it was considering raising new equity from shareholders or selling off parts of the business to reduce debt taken on to survive the coronavirus pandemic.. . .  Full story

Swedish economy to shrink less than feared in 2020, says think tank

13/08 Sweden's economy will shrink less than previously expected this year due to the outbreak of the novel coronavirus and measures to control its spread, a leading think tank said on Thursday.. . .  Full story

EU wants to negotiate solution with U.S. on aircraft subsidy row, Commission says

13/08 The European Union's executive on Thursday acknowledged the United States' decision not to exacerbate a 16-year-old dispute over aircraft subsidies by imposing fresh tariffs, and said it wanted to negotiate a solution to end the. . .  Full story

Carlsberg sees 2020 profit fall as lockdowns bite, suspends share buyback

13/08 Danish brewer Carlsberg said on Thursday it expected operating profit to fall by as much as 15% this year as lockdowns will hurt sales in the second half in key markets of China and. . .  Full story

Zurich Insurance looks to higher prices to cushion COVID-19 hit

13/08 Zurich Insurance's life insurance and property and casualty businesses have taken a hit from the COVID-19 pandemic, but rising commercial insurance rates will provide support, its CFO said on Thursday as the company reported a. . .  Full story

TUI considering rights issue, divestment to help bring down debt -CEO

13/08 TUI, the world's biggest tourism group, is looking at a possible rights issue or divesting parts of the business to bring down the high levels of debt it has taken on to help it. . .  Full story

Thyssenkrupp flags additional job cuts

13/08 Ailing conglomerate Thyssenkrupp on Thursday said it was in talks about additional job cuts as the coronavirus pandemic is hitting its cyclical businesses hard.. . .  Full story

Russia's Rusal posts H1 net loss, sees weak aluminium prices in 2020

13/08 Russian aluminium giant Rusal said on Thursday its recurring net loss totalled $76 million in the first half of 2020 after a profit of $666 million a year ago as the novel coronavirus outbreak. . .  Full story

Britain to step up challenge over U.S. whisky tariff

13/08 Britain said it would step up demands for the United States to drop tariffs on goods such as single malt Scotch whisky after the industry warned a decision by Washington to retain the levy. . .  Full story

Aegon H1 earnings miss forecasts, cuts dividend on U.S. coronavirus woes

13/08 Dutch insurer Aegon reported lower than expected first-half earnings on Thursday as the coronavirus pandemic led to higher mortality and lower interest rates in the United States, where it does two-thirds of its business.. . .  Full story

Just Group profit inches up, sees sales pick-up in second half

13/08 Insurer Just Group posted higher first-half earnings on Thursday as strong in-force profit cushioned a slump in new business profit, and it forecast sales to be significantly higher in the second half.. . .  Full story

UK Stocks-Factors to watch on Aug. 13

13/08 Britain's FTSE 100 index is seen opening 47 points lower at 6,233 on Thursday, according to financial bookmakers, with futures down 0.9% ahead of cash markets open.. . .  Full story

Norway's consumer confidence drops in third quarter

13/08 Norway's seasonally adjusted consumer confidence fell to its lowest level in more than four years in the third quarter as the coronavirus outbreak continued to weigh, a survey by industry group Finance Norway (FNO). . .  Full story

European battery makers power up for a green recovery

13/08 European battery makers are gearing up to take advantage of massive "green" stimulus packages unveiled since the coronavirus pandemic though many acknowledge it will be tough to match the Asian giants that dominate the. . .  Full story

Chemicals group Lanxess to sell organic leather chemicals business

13/08 German specialty chemicals maker Lanxess said on Thursday it has agreed to sell its organic leather chemicals business to TFL Ledertechnik GmbH.. . .  Full story

German companies see business returning to normal in 11 months - Ifo

13/08 German companies expect business to return to normal in an average of 11 months, the Ifo economic institute said on Thursday.. . .  Full story

Philippines says Shell refinery shutdown will not impact local oil supply

13/08 The Philippine government on Thursday sought to allay concern over domestic fuel supply after Pilipinas Shell Petroleum Corp announced it planned to permanently shut down operations at its 110,000-barrel-per-day Tabangao refinery.. . .  Full story

COLUMN-China's booming metal imports an echo of the last crisis: Andy Home

13/08 China's imports of industrial metals are booming.. . .  Full story

U.S. leaves tariffs on Airbus aircraft unchanged at 15%

13/08 The U.S. government on Wednesday said it would maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods, despite moves by the European Union to resolve a 16-year-old dispute over aircraft subsidies.. . .  Full story

Chilean regulator preps sweeping Atacama review as it abandons SQM legal battle

13/08 Chile's environmental regulator has withdrawn from its legal battle to defend a compliance plan by lithium miner SQM that it approved last year, according to a filing seen by Reuters, a decision that could. . .  Full story

UK life insurers pay 90 mln stg in COVID-19 claims-trade body

13/08 British life insurers paid 90 million pounds ($117.18 million) in claims related to deaths from the COVID-19 pandemic in the three months to end-May, the Association of British Insurers (ABI) said on Thursday.. . .  Full story

UK housing boom gathers pace, but fears of a bust grow too - RICS

13/08 The rebound in Britain's housing market gathered more pace in July with a measure of property prices turning positive for the first time since the coronavirus crisis engulfed the country, a survey showed on. . .  Full story

EU calls for intensified efforts to solve trade disputes with U.S.

13/08 The European Union on Wednesday called for intensified efforts to resolve trade disputes with the United States after Washington kept in place tariffs on European aircraft and other goods.. . .  Full story

Deutsche Boerse expels Wirecard from Germany's blue-chip index DAX

12/08 Exchange operator Deutsche Boerse will remove Wirecard, the payments company that folded after an accounting scandal, from the DAX index of Germany's leading blue-chip stocks this month following an index rule change.. . .  Full story

European banks face indigenous calls to end Amazon oil trade

12/08 European banks committed to backing action on climate change face allegations of double standards from indigenous groups in Ecuador after a report named them as major players in the trade in oil from the. . .  Full story

Crude rises 2% after draw in U.S. oil stocks spurs demand hope

12/08 Crude prices rose more than 2% on Wednesday after government data showed U.S. oil inventories fell across the board, bolstering hopes that fuel demand in the world's biggest economy will withstand the coronavirus pandemic.. . .  Full story

Portugal's Cofina makes renewed offer for Media Capital acquisition

12/08 Portuguese publishing group Cofina made a renewed offer to purchase 100% of shares in Media Capital, who operates one of Portugal's biggest TV channels, competition watchdog CMVM announced on Wednesday.. . .  Full story

Antin launches Eurofiber stake sale as demand booms for infra assets - sources

12/08 European investment fund Antin Infrastructure Partners has hired UBS to launch the sale of a minority stake in its Dutch fibre-optic network operator Eurofiber, sources close to the matter told Reuters.. . .  Full story

African e-commerce group Jumia takes lockdown revenue hit

12/08 African e-commerce group Jumia's revenues slid by 10% in the second quarter, dashing hopes that lockdowns aimed at stemming the spread of the new coronavirus would lead to a flood of. . .  Full story

Gold fights back after steep decline as slowdown fears persist

12/08 Gold recovered on Wednesday after dipping below the key $1,900 level earlier and a day after registering its worst fall in seven years as bleak economic data underscored concerns over a pandemic-led slowdown.. . .  Full story

Surge in Spain's virus cases prompts regional smoking ban, field hospital

12/08 Coronavirus cases in Spain jumped by nearly 1,700 on Wednesday, part of a surge that has prompted the construction of a military field hospital in the hard-hit Aragon region and led authorities in Galicia. . .  Full story

-EXCLUSIVE-Shell eyes stake in Nayara's $9 bln Indian petchem project- source

12/08 Oil major Royal Dutch Shell plans to buy a 50% stake in Indian-based Nayara Energy's up to $9 billion planned petrochemical project, a source familiar with the matter said.. . .  Full story

Offshore companies linked to Lebanon c.bank governor have assets worth nearly $100 mln - report

12/08 Offshore companies linked to Lebanon's central bank governor own assets worth nearly $100 million, a media group said in a report, as his role in Lebanon's economic turmoil is under intense scrutiny.. . .  Full story

Copper rises as stocks and oil rally, dollar slips

12/08 Copper rose on Wednesday as stock markets rallied, oil prices climbed and the dollar weakened, though lacklustre factory data in Europe fed concerns that demand will remain weak and the market oversupplied.. . .  Full story

Air France pilots back domestic network overhaul

12/08 Air France pilots voted to approve an overhaul of the airline's lossmaking domestic network, their main union said on Wednesday, clearing the way for an expansion of low-cost arm Transavia.. . .  Full story

Telecoms M&A lifts Europe, FTSE rallies despite record GDP slump

12/08 European stocks rallied on Wednesday as a billion-dollar takeover offer for Swiss firm Sunrise Communications boosted the telecom sector and investors looked past a collapse in Britain's quarterly economic output to bet on a stimulus-driven. . .  Full story

Signs of rebounding economic growth sends FTSE 100 to 3-week highs

12/08 London's FTSE 100 closed at three-week highs on Wednesday as investors cheered monthly data that showed a restart in economic growth, while upbeat earnings from motor insurer Admiral sent its shares soaring to an. . .  Full story

GRAPHIC-Oil giants' production cuts come to 1 mln bpd as they post massive writedowns

12/08 The world's five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed production rates as the coronavirus pandemic caused a drastic fall in. . .  Full story

Eurozone bonds sell off ahead of record U.S. Treasury auction

12/08 Euro zone government bonds sold off on Wednesday and the German 30-year bond yield turned briefly positive ahead of the largest-ever 10-year U.S. Treasury auction and as signs emerged of inflation in the world's. . .  Full story

Horizonte Minerals secures $325 mln in financing for Brazil nickel project

12/08 Horizonte Minerals said on Wednesday it has secured a $325 million syndicated loan to help fund construction of a nickel mine in Brazil, and is in advanced talks to secure a further $115 million. . .  Full story

Swiss to allow events of 1,000-plus people from Oct. 1

12/08 Switzerland will allow events of more than 1,000 people from Oct. 1, provided organizers follow hygiene measures to prevent the spread of the new coronavirus, the government decided on Wednesday.. . .  Full story

Moderna shares jump on $1.5 bln U.S. contract for COVID-19 vaccine

12/08 Shares of Moderna Inc rose more than 5% on Wednesday after analysts said a $1.5 billion coronavirus vaccine supply agreement with the U.S. government could lead to similar deals with other countries.. . .  Full story

Russia has $1.5 billion plan to dent China's rare earth dominance

12/08 Russia plans investment of $1.5 billion in rare earth minerals, critical to the defence, telecommunications and renewable energy sectors, as it strives to become the biggest producer after China by 2030, a top government official. . .  Full story

RWE plans UK wind farm stake sale to fund more green energy - sources

12/08 RWE aims to sell a minority stake in British offshore wind farm Humber Gateway, as the German utility seeks to release cash for expansion in renewable energy, two people familiar with the matter said.. . .  Full story

Finland's finance ministry proposes 2021 budget deficit of 7 bln euros

12/08 Finland's finance ministry proposed a 2021 budget of 61.6 billion euros ($72.5 billion) on Wednesday with a deficit of 7 billion euros, down from an estimated deficit of 18.9 billion for 2020 largely due. . .  Full story

Holiday company TUI boosted by extra $1.4 bln aid package from Germany

12/08 Holiday company TUI said the German government agreed a 1.2 billion euro ($1.4 billion) aid package to help boost its finances and ensure it survives into 2021 as the pandemic continues to wreak havoc on. . .  Full story

Insurgents seize Mozambique port in gas-rich region, local media say

12/08 Islamist insurgents have captured a heavily-defended port in the far northern Mozambique town of Mocimboa da Praia, close to the site of natural gas projects worth some $60 billion, local media reported on Wednesday.. . .  Full story

Swiss see $23 bln 2020 deficit, COVID relief costs less than planned

12/08 The Swiss federal government expects a deficit of 20.9 billion Swiss francs ($22.87 billion) for 2020, it said on Wednesday, as the country's coffers are hurt by lower receipts and costly programmes to offset. . .  Full story

UK bank NatWest cuts more than 500 jobs, closes north London office

12/08 Britain's NatWest is cutting at least 500 jobs across its retail business and closing one of its remaining offices in London as banks press on with cost-cutting in the face of a wave of. . .  Full story

Outspoken ice cream maker Ben and Jerry's turns fire on UK migration rhetoric

12/08 The British government has become embroiled in an unlikely row with ice cream maker Ben and Jerry's over its approach to migrants arriving by boat from France, after the brand criticised ministers' increasingly bellicose rhetoric.. . .  Full story

China's booming metal imports an echo of the last crisis: Andy Home

12/08 China's imports of industrial metals are booming.. . .  Full story

French heatwave takes Golfech 2 reactor offline

12/08 High temperatures caused EDF's Golfech 2 reactor in southern France to go offline on Wednesday, French grid operator RTE said.. . .  Full story

ABN Amro exits trade, commodity finance in wider industry shake-up

12/08 ABN Amro is to end all trade and commodity financing after a series of losses, shedding 800 jobs as it joins a growing list of banks restructuring or reducing their commodities business to cut. . .  Full story

UK economy faces long climb back to health after historic 20% crash

12/08 Britain's economy shrank by a record 20.4% in the second quarter when the coronavirus lockdown was tightest, the most severe contraction reported by any major economy so far, with a wave of job losses. . .  Full story

Liberty Global surprises with $7.4 bln deal to buy Sunrise in latest telecoms consolidation

12/08 Liberty Global plans to take over Switzerland's Sunrise Communications in a surprise $7.4 billion deal announced by the companies on Wednesday.. . .  Full story

Gold slumps below $1,900 as U.S. dollar, yields rise

12/08 Gold dropped more than 2% to break below the key $1,900 per ounce level on Wednesday as a resurgent dollar forced bullion investors to reassess their positions after a record-breaking price. . .  Full story

Avast nudges up full-year outlook after work-from-home boost

12/08 Cybersecurity firm Avast said on Wednesday it expected full-year organic revenue to grow at the upper end of its forecast after a strong first half, underpinned by the work-from-home trend.. . .  Full story

Greece's Public Power Corp. to raise $235 mln from sale of unpaid bills to JP Morgan

12/08 Greece's biggest electricity utility, Public Power Corp. (PPC), said on Wednesday it has finalised a deal to sell off unpaid bills to investment bank JP Morgan that will raise about 200 million euros ($235 million).. . .  Full story

Lower motor claims in lockdown lift Admiral's profit, dividend

12/08 Lower motor insurance claims during Britain's coronavirus lockdown helped Admiral record a 31% jump in first-half profit as it reinstated a special dividend, lifting its shares.. . .  Full story

M&G plans savings push into Europe as H1 profit tops forecast

12/08 M&G is planning to launch its flagship Prufund retail savings product in mainland Europe by year-end, it said on Wednesday, as the British insurer and asset manager reported above forecast first-half profit.. . .  Full story

Vienna Insurance and C-Quadrat to offer asset management services in Poland

12/08 Vienna Insurance (VIG) said on Wednesday it has set up a joint venture in Warsaw with C-Quadrat Investment to offer investment services and funds in Poland.. . .  Full story

Pexip's quarterly revenue doubles as pandemic boosts video conferencing

12/08 Norwegian video conferencing firm Pexip Holding ASA said on Wednesday its revenue nearly doubled in the second quarter and adjusted earnings surged as more companies embraced home-office technologies during the COVID-19 pandemic.. . .  Full story

UK finance minister Sunak sees promising signs after record GDP hit

12/08 British finance minister Rishi Sunak said there were some "promising signs" that the country's economy was recovering from its record economic crash during the coronavirus lockdown which was announced earlier on Wednesday.. . .  Full story

Balfour Beatty reports first-half loss on coronavirus hit

12/08 British infrastructure contractor Balfour Beatty sank to a 26 million pound pretax loss in the first half of 2020 as the COVID-19 crisis hampered construction work at several sites across its business.. . .  Full story

Orsted beats Q2 expectations despite lower power demand

12/08 Denmark's Orsted on Wednesday beat second-quarter operating profit expectations but said lockdown measures had hurt demand for its electricity.. . .  Full story

UK Stocks-Factors to watch on Aug. 12

12/08 Britain's FTSE 100 index is seen opening seven points lower at 6,148 on Wednesday, according to financial bookmakers, with futures up 0.2% ahead of cash markets open.. . .  Full story

Just Group appoints John Hastings-Bass as new chairman

12/08 Specialist pension provider Just Group Plc on Wednesday appointed John Hastings-Bass as its new chairman to succeed Chris Gibson-Smith, who announced his retirement plans in March after four years in the role.. . .  Full story

E.ON cuts 2020 outlook as coronavirus crisis bites

12/08 E.ON, Germany's largest energy group, on Wednesday cut its outlook for the current year as the coronavirus crisis hit its networks and retail business in the second quarter.. . .  Full story