LONDON (Reuters) - Virgin Atlantic, the British airline majority owned by Richard Branson, said it returned to profitability for the first time since the pandemic last year. For 2024, Virgin Atlantic, which is 49%-owned by Delta Air Lines (NYSE:DAL), posted pretax profit before exceptional items of 20 million pounds ($25.93 million), compared to a pretax loss of 139 million pounds last year.Profit ...
By Medha Singh and Sukriti Gupta(Reuters) - European shares hit a two-month low in early trade on Monday, as cautious investors fled risky bets after U.S. President Donald Trump said that tariffs would target all countries, fuelling fears of a global economic slowdown.The pan-European STOXX 600 index fell 0.8%, as of 0802 GMT, extending losses to a fourth straight session, with the volatility inde ...
By James DaveyLONDON (Reuters) -The head of fast fashion chain Primark, Paul Marchant, has resigned with immediate effect after he admitted an "error of judgment" towards a woman in a social environment.Parent-company Associated British Foods (OTC:ASBFY) said in a statement on Monday that Marchant had accepted his actions fell below the standards expected, and the chief executive of the 14 billion ...
HONG KONG (Reuters) -A pro-Beijing Hong Kong newspaper stepped up criticism of CK Hutchison’s deal to sell its Panama ports to a BlackRock-led group, sending its shares lower on Monday, as sources said the transaction, due to be signed by April 2, would be delayed. The deal has become highly politicised as the Hong Kong conglomerate is thrust into the cross-hairs of an escalating China-U.S. trad ...