Thursday, 5 May 2022

Reuters Business: NYSE-owner ICE profit rises on high trading volume

NYSE-owner ICE profit rises on high trading volume

New York Stock Exchange-owner Intercontinental Exchange posted a rise in first-quarter profit on Thursday, driven by higher trading volumes in several asset classes as interest hike expectations and the Ukraine war raised market volatility.

Bank of England raises rates to 1% despite looming recession risk

The Bank of England raised interest rates to their highest since 2009 at 1% on Thursday to counter inflation now heading above 10%, even as it sent a warning that Britain risks falling into recession.

Major aircraft lessor SMBC warns airlines of growing costs

Airlines face a slew of growing costs in the coming year including higher insurance, fuel, labour and lease rates, the chief executive of major aircraft lessor SMBC Aviation Capital said on Thursday.

European banks weather Ukraine war in Q1 earnings

European banks counted the rising cost of war in Ukraine on Thursday as France's Societe Generale, Credit Agricole and Italy's UniCredit upped provisions for the conflict without shattering investors' confidence in their prospects.

Just Eat Takeaway.com enters exclusive trial partnership with Domino's in U.K.

Just Eat Takeaway.com said on Thursday it has partnered with Domino's in an exclusive trial partnership to become the only food delivery app to offer Domino's pizza in the U.K. and Ireland, according to a statement.

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Sponsored by Rohde & Schwarz: 6G: vision or reality?

Rohde & Schwarz shapes tomorrow's wireless communications beyond 5G. From sci-fi to reality, the T&M expert takes connectivity to the next level.

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Futures slip after Fed-driven rally on Wall Street

U.S. stock index futures slipped on Thursday, a day after the Federal Reserve's less aggressive tone sparked a rally on Wall Street, with investors awaiting jobs data this week for more clues on the path of interest rates.

Volkswagen to invest 10 bln euros to make electric vehicles in Spain

German car maker Volkswagen AG plans to invest 10 billion euros ($10.59 billion) to make electric vehicles and batteries in Spain, its Chief Executive Herbert Diess said on Thursday.

Conocophillips profit rises on strong crude prices

U.S. oil producer Conocophillips reported a higher first-quarter profit on Thursday, helped by a surge in crude prices following heavy sanctions on Russia after it invaded Ukraine.

Lufthansa sees return to profit this quarter as air travel rebounds

Germany's Lufthansa is looking to return to an operating profit this quarter as demand for travel rises with the easing of COVID-19 curbs and the airline raises ticket prices to offset higher costs.

Chemicals group Lanxess says Russian gas embargo would hit profit

German speciality chemicals maker Lanxess on Thursday said a potential embargo on Russian gas would weigh on its production and core profit this year, after releasing upbeat guidance for the current quarter.

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