France’s Lagardere sees off activist Amber in shareholder showdown
French publishing and media group Lagardere on Tuesday fended off Amber Capital’s most daring attempt yet to shake up governance at the company, after shareholders rejected the activist investor’s call to replace the supervisory board.
Futures climb on oil gains, easing of lockdowns
U.S. stock index futures rose on Tuesday as oil prices staged a recovery and a slew of countries eased coronavirus-led restrictions in an attempt to revive their economies.
Thomson Reuters cuts sales outlook, narrowly misses earnings
Thomson Reuters reported higher quarterly sales and operating profit that fell slightly short of Wall Street estimates on Tuesday, while cutting its full-year sales outlook due to disruption to the global economy from the coronavirus crisis.
Judge questions VW’s defence in landmark case over diesel damages
A German federal court judge cast doubt on Volkswagen’s reasoning after the carmaker urged the court to dismiss a claim for damages brought by an owner of a diesel powered VW Sharan family van.
Carbon emissions cuts do not mean Repsol will exit oil sector: CEO
A target to reduce carbon emissions to net zero by 2050 does not mean Spanish oil and gas firm Repsol will stop producing oil though it will focus on certain projects, Chief Executive Josu Jon Imaz said on Tuesday.
Fiat Chrysler turns to 1.7 billion euro loss in first quarter on virus crisis
Fiat Chrysler said on Tuesday it turned to a net loss in the first quarter as a consequence of the crisis triggered by the spread of the coronavirus.
Wizz Air plans for easing of restrictions with holiday flights from June
Low cost airline Wizz Air said it is planning for the easing of travel restrictions by starting new routes from Britain’s London Luton airport to holiday destinations in Portugal from 16 June and to Greece from July.
Thomson Reuters cuts sales outlook as narrowly misses earnings
Thomson Reuters reported higher quarterly sales and operating profit that fell slightly short of Wall Street estimates on Tuesday, while cutting its full-year sales outlook due to disruption to the global economy from the coronavirus pandemic.
Uber, Lyft investors want to hear plans to get riders back in cars
As U.S. lockdowns and fears of the coronavirus pandemic stretch into a third month, who wants to take an Uber ride?
Lufthansa not planning to buy rivals weakened by COVID-19 crisis -CEO
Lufthansa is not planning to buy rivals weakened by the coronavirus crisis, Chief Executive Carsten Spohr told shareholders at the company’s virtual annual general meeting on Tuesday.
