May, 2022

• 12 May

  Germany’s Uniper confident it can keep Russian gas flowing

  

  Bloomberg German utility Uniper SE is confident its next payment for Russian natural gas will comply with Kremlin demands without violating sanctions, in the latest sign that European companies and their Russian supplier are finding ways to keep the gas flowing. Uniper, one of Europe’s biggest buyers of the fuel from Russia, will pay in euros when its next bill ...

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• 12 May

  Boeing downplays its 777X jet cancellation risk despite delay

  

    Bloomberg Boeing Co said customers for its much delayed 777X jet are standing by orders for the wide-body model even after it was revealed that the program has slipped five years behind schedule. While Boeing has held talks to update buyers, feedback so far has stopped short of moves to walk away from the 777X, Darren Hulst, the manufacturer’s ...

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• 12 May

  To fund 14 new jets, Flynas agrees on sale-leasebacks

  

    Bloomberg Saudi Arabian discount airline Flynas agreed so-called sale-leaseback deals that will fund the purchase of 14 Airbus SE narrow-body jets. The accords with leasing firms CDB Aviation, CMB Financial Leasing and Avolon Holdings Ltd cover part of a Flynas order for 120 Airbus A320neo aircraft, the carrier said in a statement. It said the planes have a value ...

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• 12 May

  Morrisons wins bidding war for McColl Retail’s convenience chain

  

    Bloomberg Wm Morrison Supermarkets Plc is poised to take control of insolvent UK convenience-store chain McColl’s Retail Group Plc after a bidding war with gas station and convenience empire EG Group, according to people familiar with the matter. Morrison is purchasing McColl’s through a prepackaged administration, a form of UK insolvency proceeding. The plan is yet to be confirmed ...

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• 12 May

  Lufthansa, Air France predict summer boom, wary over costs

  

  Bloomberg Europe’s biggest airlines are growing increasingly confident that the easing of coronavirus restrictions will kick off a summer boom as a surge in bookings spurs them to lift capacity. Deutsche Lufthansa AG and Air France-KLM are less certain about prospects going deeper into the year, with the German company saying that fuel prices are tough to predict and that ...

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• 12 May

  Qantas Airways makes every seat available for air miles

    Bloomberg Qantas Airways Ltd is making every seat on more than 1,700 flights purchasable with air miles, allowing customers to burn through a mountain of loyalty points built up during the pandemic. Passengers will be able to use points on all flights in August on more than 30 routes in Australia, Qantas said. The almost 130,000 seats will be ...

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• 12 May

  KLM scraps flights amid labour turmoil

    Bloomberg Flight cancellations at Dutch airline KLM have surpassed 225 in the past few weeks as its Amsterdam Schiphol hub is hit by labour shortages and industrial strife. The Air France-KLM unit was supposed to be in discussions with the airport about service levels, a spokesman said. That follows 75 cancellations last weekend amid a lack of airport personnel ...

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• 11 May

  European stocks advance before key US inflation data

  

    Bloomberg European stocks rose as Covid cases in China eased, while investor attention turned to US inflation data for clues on the path of monetary policy. The Stoxx Europe 600 Index was up 1.3% by 12:28 pm in London, extending a rebound from a four-week long slump that was sparked by concerns over tightening central bank policies, surging commodity ...

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• 11 May

  Selloff in stocks isn’t over yet, says Morgan Stanley

  

    Bloomberg The rout in stocks isn’t over just yet, according to Morgan Stanley strategists, who see scope for both US and European equities to correct further amid mounting concerns of slowing growth. Strategist Michael Wilson, who has long been a skeptic of the decade-long bull run in US stocks, said in a note that even after five weeks of ...

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• 10 May

  UK to extend cap for energy bills beyond ’23

  

    Bloomberg The UK will extend its price cap for energy bills beyond 2023 as it seeks to help 22 million households cope with rising costs. The measure, announced during the annual Queen’s Speech to Parliament, is in the government’s Energy Security Bill. It aims to provide the legal framework needed to achieve ambitious net-zero emissions goals while keeping energy ...

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