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June 13, 2021

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Heathrow Airport CEO sees patchy international travel this summer

Reuters
LONDON, April 14 (Reuters) – The chief executive of Heathrow Airport, Britain’s busiest airport, said that international travel this summer would be “patchy” as countries worry about the risk of importing COVID-19 variants and their impact on the vaccine. “I think over the summer, we’re going to see quite a......

EasyJet CEO criticises testing requirements in Britain’s travel restart plan

Reuters
FILE PHOTO: EasyJet CEO Johan Lundgren gestures as he talks to media at Gatwick Airport, Britain, June 15, 2020. REUTERS/Peter Cziborra LONDON (Reuters) – The chief executive of British airline easyJet criticised some of the government’s plans to restart travel, saying COVID-19 tests should not be required for passengers travelling......

China’s blue-chip index ends lower as healthcare, consumer stocks slip

Reuters
SHANGHAI, April 6 (Reuters) – China’s blue-chip index retreated on Tuesday, pressured by healthcare and consumer companies, as upbeat economic data raised worries of policy tightening. ** The blue-chip CSI300 index fell 0.4% to 5,140.34, while the Shanghai Composite Index was flat at 3,482.97. ** As of last close, the......

Air Canada and Transat terminate planned deal

Reuters
FILE PHOTO: Air Canada airplanes are pictured at Vancouver’s international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms/File Photo (Reuters) – Air Canada and Transat AT Inc said on Friday they have mutually agreed to terminate the proposed acquisition of Transat by Air Canada. The two companies......

German tourist industry warns of job losses from tighter pandemic lockdowns

Reuters
FILE PHOTO: People queue to reach the summit cross on top of the highest German mountain, the Zugspitze, in Grainau near Garmisch-Partenkirchen in Germany, August 19, 2020. REUTERS/Michael Dalder (Reuters) – The German tourist industry has warned of layoffs and bankruptices if authorities further tighten lockdowns meant to curb the......

England removes Portugal from travel red-list, lifts flight ban

Reuters
FILE PHOTO: People queue to enter terminal 2, as tighter rules for international travellers start, at Heathrow Airport, amid the spread of the coronavirus disease (COVID-19) pandemic, London, Britain, January 18, 2021. REUTERS/Henry Nicholls LONDON (Reuters) – Portugal has been removed from England’s travel red-list, Britain’s department for transport said......

AMC theaters to start reopening in Los Angeles on Monday

Reuters
FILE PHOTO: Guests wearing protective masks line up at AMC movie theatre in Lincoln Square, amid the coronavirus disease (COVID-19) pandemic, in the Manhattan borough of New York City, New York, U.S., March 6, 2021. REUTERS/Jeenah Moon/File Photo LOS ANGELES (Reuters) – AMC Entertainment Holdings Inc, the world’s largest cinema......

Australia unveils $928 million coronavirus support package to revive airlines, tourism

Reuters
SYDNEY (Reuters) – The Australian government unveiled a A$1.2 billion ($928 million) tourism support package on Thursday, aimed at boosting local travel while international routes remain closed because of the coronavirus pandemic. FILE PHOTO: People wearing masks walk through a mostly empty domestic terminal at Sydney Airport in Sydney, Australia,......

Breakingviews – Capital Calls: Trustpilot’s trust issue

Reuters
A person types on a laptop computer in Manhattan, New York City, U.S., September 11, 2020. LONDON (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- TRUST FUND. Trustpilot is giving investors a chance to review its own business model. The Copenhagen-based online review platform on......

Air Canada refuses to extend deal deadline for Transat buyout

Reuters
FILE PHOTO: Air Canada airplanes are pictured at Vancouver’s international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms//File Photo (Reuters) – Canadian tour operator Transat A.T. Inc said on Tuesday Air Canada refused to extend the deadline for its C$188.7 million ($148.73 million) deal beyond Feb. 15,......

Take-Two hikes sales forecast on lockdown-led videogame boost

Reuters
(Reuters) – Take-Two Interactive Software Inc on Monday raised annual adjusted sales targets on sustained demand for its top franchises, “NBA 2K” and “Grand Theft Auto”, as COVID-19 curbs continue to boost videogame sales worldwide. The company lifted its full-year adjusted revenue forecast to a range of $3.37 billion to......

GameStop, Clover Health rise in early U.S. pre-market trading

Reuters
FILE PHOTO: The GameStop store sign is seen at its shop in Westminster, Colorado January 14, 2014. GameStop Corp, the world’s largest videogame retailer, warned of lower-than-expected profit as sales sagged for games played on older versions of Xbox and PlayStation consoles. REUTERS/Rick Wilking (Reuters) – Shares of videogame retailer......

GameStop, AMC shares reverse course in retail trading rollercoaster

Reuters
(Reuters) -Shares of videogame retailer GameStop Corp and movie theater operator AMC Entertainment Holdings Inc erased early declines to rise 9.2% and 4.1%, respectively, in a social media-driven trading rollercoaster ride. Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Bernard Orr Source – For more click here To Return to......

GameStop, AMC tumble as retail trading mania cools

Reuters
(Reuters) – Shares of videogame retailer GameStop Corp and movie theater operator AMC Entertainment Holdings Inc lost 15% and 13.2%, respectively, in early U.S. pre-market trading on Wednesday as a social media-driven trading frenzy cooled. GameStop shares had more than halved in value to $90 each on Tuesday following a......

EA hikes annual sales outlook as lockdown boost for videogames continues

Reuters
FILE PHOTO: An Electronic Arts office building is shown in Los Angeles, California, U.S., July 27, 2020. REUTERS/Mike Blake (Reuters) – Electronic Arts Inc on Tuesday raised its annual sales outlook, betting on strong sales of its sports titles including “FIFA 21” and “Madden NFL 21” as more people turn......

Silver Lake cashes out on AMC for $713 million after Reddit-fueled rally

Reuters
FILE PHOTO: A man walks past an AMC theatre amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri/File Photo (Reuters) – Buyout firm Silver Lake disclosed on Friday that it sold its stake in AMC Entertainment Holdings......

Time to “reimagine” travel industry, UK’s Prince Harry says

Reuters
FILE PHOTO: Britain’s Prince Harry speaks during the annual Endeavour Fund Awards at Mansion House in London, Britain March 5, 2020. Paul Edwards/Pool via REUTERS LONDON (Reuters) – Britain’s Prince Harry has urged the travel industry to “reset and reimagine” its future after the crisis caused by COVID-19 pandemic, with......

Exclusive: AMC Entertainment explores new capital raise amid stock surge – sources

Reuters
By Mike Spector, Jessica DiNapoli NEW YORK (Reuters) – AMC Entertainment Holdings Inc is exploring raising more capital, including through yet another possible stock sale, to weather the COVID-19 pandemic and take advantage of this week’s rally in its shares, people familiar with the matter said on Thursday. FILE PHOTO:......

Incoming U.S Senate Banking chairman plans hearing on stock market

Reuters
FILE PHOTO: Senator Sherrod Brown (D-OH) rides the U.S. Capitol subway in Washington, U.S., February 4, 2020. REUTERS/Erin Scott WASHINGTON (Reuters) – Incoming Senate Banking Committee Chairman Sherrod Brown said on Thursday that he plans to hold a hearing on the current state of the U.S. stock market. “People on......

Customers sue Robinhood Financial over stock trade suspensions

Reuters
(Reuters) – Two customers sued Robinhood Financial on Thursday over the online brokerage’s trading ban in GameStop and other high-flying stocks caught up in a retail buying frenzy that forced some prominent hedge funds to cover large short positions. According to court filings in the Northern District of Illinois and......

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