Reuters - Daily Investor Update

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Monday, May 29, 2017

Akzo Nobel wins court case against dissident shareholders

AMSTERDAM (Reuters) - A Dutch court on Monday rejected a request by Akzo Nobel investors for it to take immediate action against the company over its rejection of a takeover bid by U.S. rival PPG Industries , handing the Dutch company a victory in its efforts to repel the U.S. firm's 25 billion euro ($28 billion) proposed offer.

New Russian jet heralds carbon manufacturing shake-up

PARIS (Reuters) - Russia's new jetliner, which conducted its maiden flight on Sunday, may have a hard time challenging the sales duopoly of Boeing and Airbus, but it does point the way to radical changes in how they could be building jets in the future.

Monte dei Paschi says in exclusive talks over bad loan sale

MILAN (Reuters) - Monte dei Paschi di Siena said on Monday it was in exclusive talks with a domestic fund and a group of investors over the sale of its bad loan portfolio, which it needs to offload before it can be taken over by the state.

'We are not amused': Belgian monarchy angered by Burger King

BRUSSELS (Reuters) - Burger King is in trouble with Belgium's monarchy over an advertising campaign asking Belgians to vote online to "crown" the global fast-food giant the true ruler of the country where the U.S. brand will launch next month.

British Airways vows 'never again' after costly IT collapse

LONDON (Reuters) - British Airways (BA) said it would take steps to ensure there was no repeat of a computer system failure that stranded 75,000 passengers over a holiday weekend and turned into a public relations disaster.

Racket slip-up lands British Airways in hot water with tennis star Peers

PARIS (Reuters) - After a catastrophic computer failure that stranded 75,000 of its passengers at the weekend, British Airways must have been hoping to keep a low profile as its operations got back to normal on Monday.

U.S. companies no longer know rules of game under Trump, Hasbro director says

CASCAIS, Portugal (Reuters) - Confusion surrounding the trade policies of U.S. President Donald Trump's administration means U.S. companies no longer know the rules of the game, a board member and former CEO of toymaker Hasbro told an international conference on Monday.

Italian banks sink on early election worries

LONDON (Reuters) - Concern over Italy's banks and Britain's national election dominated holiday-thinned European financial markets on Monday, pushing stock markets lower after Asian share indices fell back off two-year highs.

With flights back in the skies, British Airways must now repair damaged reputation

LONDON/BERLIN (Reuters) - British Airways must turn its attention to repairing its brand after a weekend of chaos and criticism caused by a major IT outage that grounded flights from London's two main airports.

British Airways says power surge knocked out back-up systems

BERLIN (Reuters) - British Airways said a power surge that collapsed its IT systems, leading to travel chaos for thousands of passengers over the weekend, was so strong that it also knocked out its back-up systems, making them ineffective.