June, 2019

• 19 June

  Boris Johnson extends lead in race to become British PM

  

  Bloomberg Boris Johnson extended his lead over his rivals in the race to become Britain’s next prime minister, and looked poised to pick up more votes as the hardest Brexiteer in the contest was eliminated. This week will see Conservative members of parliament narrow the field of possible successors to Theresa May down to two candidates, who will then be ...

  Read More »
• 19 June

  Airbus edges back into front with Paris orders for A321XLR

  

  Bloomberg Airbus SE muscled its way to the front again on the third day of the Paris Air Show, adding orders for its newest plane after US rival Boeing Co stole the spotlight with a mega-deal for its grounded 737 Max. The new A321XLR now has seven customers lined up after Qantas Airways Ltd and US-based Indigo Partners LLC signed ...

  Read More »
• 19 June

  KKR nears deal to exit from $2b helicopter firm

  

  Bloomberg KKR & Co is nearing a deal to exit part of its stake in Weststar Aviation Services Sdn, Southeast Asia’s biggest provider of helicopters for the offshore energy industry, people with knowledge of the matter said. The private equity firm is in advanced talks to sell a portion of its 40 percent Weststar holding to the company’s controlling shareholder, ...

  Read More »
• 19 June

  AOT surges on higher fees

  

  Bloomberg Airports of Thailand (AOT), the world’s biggest airport operator by market value, surged the most in six years in Bangkok trading after announcing higher-than-expected concession fees for duty free shops and commercial areas at four of the Southeast Asian nation’s international airports. The state-controlled company will receive 20 percent of sales, with a minimum guarantee of 15.4 billion baht ...

  Read More »
• 19 June

  Air New Zealand CEO quits after six years

  Bloomberg Air New Zealand Ltd Chief Executive Officer Christopher Luxon resigned after more than six years in the role, as he raised the possibility of a new career in politics. Luxon, 48, will step down from day-to-day leadership of the airline on September 25, the company said. An international search for his replacement is underway and a new CEO is ...

  Read More »
• 19 June

  Steinhoff’s path to recovery not enough as shares tumble

  

  Bloomberg Steinhoff International Holdings NV reduced its loss by 70 percent in the fiscal year ended in September. The step towards a recovery wasn’t enough to stop its shares from falling. The net loss was 1.2 billion euros ($1.3 billion) during the period, down from 4 billion euros in the previous year. The owner of Conforama in France and Mattress ...

  Read More »
• 19 June

  Iberdrola to invest $112mn in Ireland renewables projects

  

  Bloomberg Iberdrola SA will invest 100 million euros ($112 million) in renewable energy and storage projects in Ireland by 2025 as it starts to offer customers power in the country for the first time. The Spanish utility said it’s offering consumers in the Republic of Ireland 100 percent clean electricity tariffs as it enters the market with plans to provide ...

  Read More »
• 19 June

  Trudeau okays Trans Mountain crude oil pipeline expansion

  

  Bloomberg Prime Minister Justin Trud-eau’s government decided to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups. Trudeau’s cabinet approved the expansion of Trans Mountain, a state-owned pipeline that runs from Alberta to Vancouver. The project will add 590,000 barrels of daily shipping capacity, ...

  Read More »
• 19 June

  PG&E reaches $1 billion wildfire settlement with local agencies

  

  Bloomberg PG&E Corp., the California utility giant that went bankrupt five months ago amid crippling wildfire liabilities, has reached a $1 billion settlement with local government agencies that were harmed by blazes its equipment ignited. The company has been juggling the interests of wildfire victims, activist investors and state lawmakers and regulators as it tries to come up with a ...

  Read More »
• 19 June

  Adobe sales up 25% to $2.74 billion in Q2

  

  Bloomberg Adobe Inc. reported quarterly revenue that topped Wall Street estimates, signalling the Photoshop maker’s expanding prod-uct suite is continuing to fuel growth. Sales increased 25 percent to $2.74 billion in the fiscal second quarter from a year earlier, the San Jose, California-based company said in a statement. Analysts, on average, projected $2.7 billion. For more than a decade, Chief ...

  Read More »