September, 2021

• 9 September

  BA invites passengers to pay for sustainable fuel

  

  Bloomberg British Airways (BA) introduced a mechanism allowing customers to buy so-called sustainable aviation fuel to reduce their carbon footprints. The carrier said it will also source enough SAF from BP Plc to power all flights between London and Scotland’s two busiest airports during the COP26 climate summit to be held in Glasgow. Payments for SAF will be offered to …

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• 9 September

  London City flights return in sign of pickup in banking trips

  

  Bloomberg London City Airport, a favourite of regional business travellers, is seeing a tentative reawakening as British Airways and Deutsche Lufthansa AG restore flights to key financial centers. Services to Zurich, Frankfurt and Rotterdam are resuming this month, the airport’s chief operating officer, Alison FitzGerald, said in an interview. “We’re seeing some early signs of good load factors, some early …

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• 9 September

  UK retail sales lose steam as firms, shoppers fret over prices

  

  Bloomberg UK retail sales growth lost momentum in August, with both shops and consumers pointing to concerns over higher prices. The value of goods sold in shops and online grew 3% in August from a year earlier, the British Retail Consortium and KPMG said, less than the 3.9% recorded the same month in 2020. Despite higher demand for clothing, especially …

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• 9 September

  Airbus, Alstom to partner against growing cyber risks

  Bloomberg Airbus SE and Alstom SA are deepening a partnership on cybersecurity to counter threats they say are growing against rail transport systems. The French plane and train manufacturers signed a cooperation agreement to provide security systems to rail operators, according to a statement on Wednesday. The move comes as cross-country networks and urban metros and trams become increasingly reliant …

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• 9 September

  Federer-backed On to raise $622m in IPO

  Bloomberg Swiss running shoemaker On Holding AG, whose proprietary cushioning technology has attracted Roger Federer as an investor, plans to raise as much as $622 million in an initial public offering in New York. The IPO will consist of 31.1 million shares sold at $18 to $20 each, the Zurich-based company said in a filing. The sale would value the …

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• 8 September

  Stocks drop most in three weeks on economy, ECB risk

  

  Bloomberg European shares dropped amid a blurred outlook for global growth, as investors await Thursday’s update from the European Central Bank (ECB). The Stoxx Europe 600 Index was down 1.1% as of 9:01 am in London, trading at its lowest level since August 19 as automakers, banks and industrials led losses. Miners and technology outperformed, but all sectors were lower. …

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• 8 September

  Bitcoin’s latest fall brings key technical levels into play

  

  Bloomberg Bitcoin’s slump following El Salvador’s troubled rollout of the largest cryptocurrency as legal tender has put several key technical levels into focus that could point to greater losses ahead. The virtual coin was trading at about $44,900 as of 9:15 am in London, having slid as much as 17% a day earlier before paring some of the losses while …

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• 8 September

  Bahrain’s cashless payments surge to $3.62b in H1, 2021

  

  Manama / Emirates Business The number of POS and Ecommerce transactions in Bahrain shot up by 65% in August, year-on-year, reaching a total value of nearly $744 million during the month, after topping $3.62 billion in the first half of 2021, the Central Bank of Bahrain (CBB) revealed on Tuesday. According to new figures from the CBB, there were more …

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• 8 September

  Neptune considers merger with its rival Harbour Energy

  

  Bloomberg Neptune Energy Group Ltd, the private equity-backed explorer, is considering options including a merger with Harbour Energy Plc that could create one of Europe’s largest independent oil and gas companies, people familiar with the matter said. Neptune, part-owned by Carlyle Group Inc and CVC Capital Partners, is working with an adviser as it studies a potential combination with London-listed …

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• 8 September

  Sinopec profit surges on Chinese fuel, plastics demand

  Bloomberg China Petroleum & Chemical Corp, commonly known as Sinopec, returned to profit in the first half as the nation’s recovery from the pandemic boosted demand for the refiner’s transport fuels and plastics. Asia’s biggest oil refiner posted a net profit of $6.2 billion, compared with a loss of 21.8 billion yuan a year ago, the company said in a …

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