British Airways owner IAG has said a power outage that led to the cancellation of hundreds of flights last month probably cost it about £80m (€91.5m) in lost revenue and the expense of accommodating, re-booking, and compensating thousands of passengers.
Fri, 16 Jun, 2017
Rich investors are shunning stocks because of concerns about the political impact from Donald Trump’s administration and Brexit, according to Christian Nolting, chief investment officer at Deutsche Bank’s wealth management unit.
Fri, 17 Feb, 2017
Crude rose above $55 a barrel to hit a 16-month high yesterday as rising prospects of a tightening market after last week’s Organization of the Petroleum Exporting Countries (Opec) agreement to cut production gave speculators impetus to increase bets on higher prices.
Tue, 06 Dec, 2016
Investment banking giant Citigroup has reported a 17% fall in second-quarter profit on lower revenue from consumer banking; still beating analysts’ estimates as fixed-income trading rebounded and the firm dedicated less money to soured loans.
Sat, 16 Jul, 2016
Shares in Shire rose to its highest level in 10 months in London after the US Food and Drug Administration approved its Xiidra drops to treat dry-eye disease, the first treatment for the ailment to be approved in more than a decade.
Wed, 13 Jul, 2016