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Ryanair lowers profit outlook on labour strife, high fuel cost

Bloomberg Ryanair Holdings Plc caught investors off guard by saying labour strife and higher fuel prices are taking a heavier toll on earnings, sending the stock down the most since 2016. The shares plunged on Monday after Europe’s biggest discount carrier said profit for the year through next March will be about 12 percent lower than it had forecast less ...

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French retailer to sell Monoprix’s real estate for $655mn

Bloomberg Casino Guichard-Perrachon SA agreed to sell the real estate underlying 55 of its Monoprix stores for $655 million, giving the French retailer a much-needed infusion of cash as short sellers circle the company and its main shareholder. The agreement, along with another transaction announced in July, gets Casino halfway to its goal of selling 1.5 billion euros of assets ...

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Dreamliners face inspections on Rolls engine flaws

Bloomberg Faulty Rolls-Royce Holdings Plc engine blades are deteriorating faster than expected, prompting additional groundings of Boeing Co.’s 787 jetliners for early repairs. The discovery affects about 120 Trent 1000 turbines, or about 8 percent of the global fleet, and has frustrated efforts to reduce the number of idled planes after a series of engine issues, a person familiar with ...

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