April, 2022

• 28 April

  KKR nearing deal for French solar, biomass power producer

  

    Bloomberg KKR & Co agreed to acquire French solar and biomass power producer Albioma SA in a deal valued at about 1.6 billion euros ($1.7 billion), in the latest sign of investor demand for renewable energy assets. The buyout firm offered 50 euros per Albioma share, plus a cash dividend of 84 cents, according to a statement, confirming an …

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• 28 April

  Russia to cut gas to Poland, Bulgaria until demands met

  

  Bloomberg Russia halted gas flows to Poland and Bulgaria in a major escalation, and said it will keep supplies switched off until the two countries agree to Moscow’s demands to pay for the fuel in rubles. European gas prices surged 20% on Russia’s sudden move to turn its vast energy resources into a weapon against Ukraine’s allies. But prices later …

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• 28 April

  Sainsbury’s warns of lower profit amid cost-of-living crisis

  

  Bloomberg J Sainsbury Plc said profit will fall this year as normal shopping habits return following the end of lockdowns and as shoppers feel squeezed by the higher cost of living. The supermarket chain forecast underlying profit before tax of 630 million pounds ($788 million) to 690 million pounds in the year through March, citing “significant external pressures and uncertainties.” …

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• 28 April

  Airbus, Italy’s ITA Airways to work on flying taxis

  

    Bloomberg Airbus SE has agreed on a partnership with Italy’s ITA Airways that will see the two companies work together towards eventual deployment of the planemaker’s CityAirbus NextGen flying taxi in the country. A memorandum of understanding details cooperation in areas including recruitment of local partners, identification of markets and the creation of pilot projects, the companies said in …

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• 28 April

  Air New Zealand plans to move head office to Auckland Airport

  

  Bloomberg Air New Zealand will move its head office to a new campus at Auckland Airport, vacating its central city site to reduce costs and get all staff at a single location. The airline has approved in-principle a project to centralise its Auckland workforce at a refurbished airport campus by 2024, it said. It will also proceed with construction of …

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• 28 April

  Raytheon cuts 2022 sales forecast on Russia sanctions’ impact

  

    Bloomberg Aerospace and defense giant Raytheon Technologies Corp cut its 2022 sales forecast and warned of potential supplier constraints as it ends commercial ties with Russian customers and a titanium supplier. “We’re done in Russia. Full stop,” Raytheon’s Chief Executive Officer Greg Hayes said of the aerospace and defense conglomerate’s dealings with Russia in the wake of the nation’s …

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• 28 April

  Opposing pilot inputs likely behind ‘777’ landing scare

    Bloomberg An aircraft landing scare in Paris earlier this month most likely resulted from the Air France pilots submitting contradictory commands, rather than any malfunction of the plane, according France’s air-safety investigator. No failure warnings were activated and no anomaly was observed with the Boeing Co 777 in the incident, the Bureau d’Enquetes et d’Analyses said. Flight AF011 from …

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• 28 April

  Unilever boosts revenue by raising prices

    Bloomberg Unilever Plc is increasing the pressure on consumers worldwide with higher prices for Dove soap, raising the risk that shoppers may start to balk at spending more. All company reported sales growth at about double the pace analysts had expected. Unilever forecast full-year revenue growth at the top end of its forecast, though warned that profitability may suffer …

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• 28 April

  Deutsche Bank’s traders take Sewing closer to profit goal

  

    Bloomberg Deutsche Bank AG raised the outlook for its investment bank after fixed-income traders outperformed Wall Street peers for a seventh straight quarter, boosting Chief Executive Officer Christian Sewing in the final year of his turnaround plan. Revenue from buying and selling fixed-income securities rise 15% from a year earlier, beating the biggest US investment banks, where the business …

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• 28 April

  Credit Suisse sheds more executives after another quarterly loss

  

  Bloomberg Credit Suisse Group reported a bigger-than-expected loss, parted ways with three senior executives and warned that the full damage from one of the most turbulent periods in its history is yet to be accounted for. The Zurich-based bank posted a net loss of 273 million Swiss francs ($284 million), in the first quarter driven by 703 million francs in …

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