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04 May

EU to remove Sberbank, two other Russian banks from SWIFT

The European Commission proposed on Wednesday to remove Russia's biggest bank Sberbank and two other banks from the international SWIFT transaction and messaging system in another blow to the Russian financial system over the war in Ukraine.

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04 May

Cineworld looks to further delay payments to former Regal shareholders

Cineworld has approached its former dissenting shareholders of its U.S. division Regal Entertainment to further delay payments of its debt obligations, the British cinema chain operator said on Wednesday.

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04 May

Britain's Boohoo sees tough year ahead as profit falls 28%

British online fashion retailer Boohoo reported a 28% fall in annual core earnings that reflected significant freight and logistics cost inflation and warned that pandemic-related external factors will continue to impact it this year.

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04 May

Finnish insurer Sampo's quarterly earnings beat forecasts

Finnish insurer Sampo on Wednesday reported a smaller-than-expected drop in quarterly earnings, boosted by continuous good performance of it's main subsidiary If and gains from selling stake and dividends from Nordea bank.

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04 May

UK watchdog probes audits of Gupta-founded metal companies

Britain's accounting watchdog said on Wednesday it has opened four investigations into audits by King & King of steel and aluminium companies founded by metals tycoon Sanjeev Gupta.

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04 May

Ryanair load factor tops 90% for first time since COVID-19 began

Ryanair's load factor - a measure of how well an airline is filling available seats - rose above 90% for the first time since the beginning of the COVID-19 pandemic as traffic rose sharply during the key Easter holiday period.

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04 May

Aston Martin appoints ex-Ferrari boss Amedeo Felisa as CEO

British luxury carmaker Aston Martin Lagonda said on Wednesday Chief Executive Officer Tobias Moers will step down with immediate effect and former Ferrari boss Amedeo Felisa will take the helm.

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  • China receives US equipment to make advanced chips despite new rules-report
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