September, 2021

• 12 September

  Airbus sales push gains pace as Wizz Air mulls fresh order

  

  Bloomberg Airbus SE is getting a potential boost from Hungarian discount carrier Wizz Air Holdings Plc’s ambitious plan to catapult itself out of the pandemic ahead of rivals. The Budapest-based airline is weighing a purchase of at least 100 Airbus narrow-body jets, according to people familiar with the discussions. Such a deal would top up one of the largest-ever aircraft ...

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• 12 September

  IndiGo aiming for full capacity flights by Dec

  

  Bloomberg IndiGo, one of Asia’s biggest budget airlines, is aiming at running at full capacity domestically and is targeting just over two-thirds in international routes as the virus pandemic eases and people start traveling more. “Things are improving slowly,” CEO Ronojoy Dutta told Bloomberg Television’s Rishaad Salamat and Haslinda Amin, adding that it was “hard not to be bullish as ...

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• 12 September

  New Covid policy is boosting worker vaccinations: Delta Air

  

  Bloomberg Delta Air Lines Inc said a fifth of its unvaccinated employees received a Covid-19 shot in the two weeks since the airline announced that they would be subject to a $200 monthly surcharge, providing support for companies that are hesitant to impose mandates. The carrier also hasn’t seen a rise in employee turnover, Chief Health Officer Henry Ting said ...

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• 12 September

  Walmart breaks green-bond record with $2b debut sale

  

  Bloomberg Walmart Inc made its green bond market debut with a $2 billion offering, the largest ever from a US corporation, according to data compiled by Bloomberg. The retail giant’s inaugural sustainable debt issuance comes amid efforts to reduce carbon emissions, boost recycling and clean up its supply chain. The deal surpasses NextEra Energy Capital’s $1.5 billion June sale, which ...

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• 12 September

  UPS to acquire same-day delivery startup Roadie

  Bloomberg United Parcel Service (UPS) Inc agreed to acquire Roadie, a same-day delivery startup, looking to speed service and expand into atypical parcels such as oversized packages and perishable goods. The acquisition, for an undisclosed amount, comes after UPS began a pilot with Atlanta-based Roadie to test same-day deliveries. Roadie will operate under its name as a separate company, and ...

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• 12 September

  Lululemon pricier than many of its peers

  Bloomberg Lululemon valuation is richer than many of its peers in the retail sector. Shares jumped as much as 14% on Saturday after the athletic clothing retailer reported second quarter revenue above analyst expectations, a sign that investors are still willing to pay significant premiums for growth. Lululemon trades at a last-twelve-months price-to-earnings ratio of 65.4 compared to 16.9 for ...

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• 12 September

  Wells Fargo gets fresh sanction under Scharf with OCC’s fine

  

  Bloomberg Wells Fargo & Co was handed a fresh regulatory action and a $250 million fine over its lack of progress addressing long-standing problems, the first such sanction under Chief Executive Officer (CEO) Charlie Scharf. The penalty adds to the more than $5 billion in fines and legal settlements that the firm has paid over the last five years tied ...

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• 12 September

  StanChart opens gas, carbon trading desk as prices soar

  

  Bloomberg Standard Chartered Plc (StanChart) opened a desk to trade natural gas and carbon following a record-breaking run for both commodities. The so-called energy transition desk began operating last month, Standard Chartered said. Prices for gas have soared on a lack of supply, with carbon permits following suit as utilities switch to cheaper — but dirtier — coal-fed power plants. ...

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• 12 September

  Deutsche Bank expands ESG debt products with green repo

  

  Bloomberg Deutsche Bank AG has just completed its first green repurchase agreement, marking another foray into a world of increasingly complex ESG instruments. It’s the latest example of product proliferation in a market that’s moving much faster than regulators. JPMorgan Chase & Co. has already said it plans to attach environmental, social and governance labels to all forms of finance, ...

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• 12 September

  PNB board approves bond plan to raise $816 million

  Bloomberg Punjab National Bank’s (PNB) board has approved plans to raise 60 billion rupees ($816 million) through sale of bonds. The New Delhi-based lender, which has been hit by a slew of scandals of the past years, can raise funds by issuing one or more tranches of Additional Tier 1 or Tier 2 notes that comply with Basel III capital norms, ...

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