May, 2019

• 4 May

  Eni to focus on saving African forests to offset CO2 emissions

  

  Bloomberg Eni SpA’s plan to offset emissions from its oil and gas operations will focus on working with African communities to prevent deforestation. The project is part of the Italian energy giant’s goal of removing the equivalent of 20 million tons a year of carbon dioxide from the atmosphere by 2030. On top of efforts to improve operational efficiency and …

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• 4 May

  TransCanada’s first quarter profit beats estimates

  

  Bloomberg TransCanada Corp. posted first-quarter profit that topped analysts’ estimates, giving the pipeline company momentum as it enters a period that’s likely to feature key legal decisions on some of its major projects. TransCanada is benefiting from increased energy production and a shortage of pipeline capacity that’s keeping its Keystone oil pipeline system and Columbia natural gas system running at …

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• 4 May

  India’s oil demand grows for 4th month

  Bloomberg India’s oil demand grew for a fourth month in March, although the pace of gains slowed from February as falling vehicle sales weighed on transportation fuel consumption even amid campaigning for federal elections. Total usage of oil products rose 1.3% y/y to 18.9m tonnes in March, according to the oil ministry’s Petroleum Planning & Analysis Cell Demand in the …

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• 4 May

  Boeing 737 skids off runway into Florida river, no fatalities

  

  Bloomberg Boeing Co said it’s helping to investigate how a 737-800 plane arriving from Cuba slipped into a river after skidding off a runway near Jacksonville, Florida. The chartered flight operated by Miami Air International Inc was carrying 136 passengers and seven crew when it left the runway at Naval Air Station Jacksonville on Friday evening, Boeing said in a …

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• 4 May

  SAS reaches deal with pilots to end labour conflict

  

  Bloomberg Scandinavian Airlines operator SAS AB reached a deal with pilot unions to end a seven-day strike that left hundreds of thousands of customers in the lurch and may have wiped out profit for the Nordic carrier this year. SAS and the Danish, Norwegian and Swedish pilots agreed on a new three-year wage and labour deal after two days of …

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• 4 May

  India top lender says liabilities biggest hurdle to Jet Air sale

  

  Bloomberg The top lender of ailing Jet Airways India said the burden of reversing the grounded carrier’s negative net worth before it can fly again is the biggest challenge for any potential investor. “Liabilities and losses are considerable,” Rajnish Kumar, chairman of State Bank of India, said. “All these past liabilities and then, profitably, can they fly in future? These …

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• 4 May

  Under Armour tops earnings estimate in Q1

  

  Bloomberg Under Armour delivered first-quarter earnings that topped analysts’ estimates, another indication that its three-year transformation is getting the athletic brand back on track. Earnings amounted to 5 cents a share, Under Armour said, compared with estimates of break-even. Sales were $1.2 billion, just a slight gain from a year earlier, but above the projected $1.18 billion. Shares jumped in …

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• 4 May

  Tyson Foods to recall more ‘frozen items’

  

  Bloomberg Tyson Foods Inc will expand a voluntary recall of frozen, ready-to-eat chicken strips after more consumers reported fragments of metal in “a small number of products,” the company said in statement. It originally issued a recall of 69,093 pounds of strip products in March and now the expansion includes an additional 11.8 million pounds, the US Department of Agriculture …

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• 4 May

  Watches of Switzerland considers IPO as Apollo reduces stake

  

  Bloomberg Watches of Switzerland Group, the UK’s biggest seller of luxury timepieces, said it’s considering an initial public offering in London that could help fuel expansion into the US market. The move would allow private-equity company Apollo Global Management to reduce its stake in the retailer, which handles about half of Rolex’s UK sales. It also could give impetus to …

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• 4 May

  Brexit gives London homebuyers biggest discount in a decade

  

  Bloomberg Homebuyers took advantage of Brexit uncertainty to get steep discounts in London’s fanciest neighborhoods in the first quarter. Prices for homes under 2 million pounds ($2.6 million) in the capital’s most sought-after districts fell the most in a decade in the three months through March as politicians failed to agree on a deal for the UK’s orderly withdrawal from …

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