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EasyJet lures takeover interest as investors spot a bargain

EasyJet lures takeover interest as investors spot a bargain

By Raechel Thankam Job and Ankita Bora June 2 (Reuters) - British budget airline easyJet has caught the eye of U.S. investment firm Castlelake for a possible takeover.
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Goldman Sachs lifts 12-month STOXX 600 target on resilient earnings

Goldman Sachs lifts 12-month STOXX 600 target on resilient earnings

June 1 (Reuters) - Goldman Sachs has raised its 12-month target for STOXX 600 index to 660, the U.S. brokerage said, citing resilient corporate earnings growth despite the war in the Middle East.
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JetBlue flags higher fuel costs as disruptions from Iran conflict linger

JetBlue flags higher fuel costs as disruptions from Iran conflict linger

June 1 (Reuters) - U.S. carrier JetBlue raised its second-quarter fuel costs forecast on Monday as shipping disruptions in the Strait of Hormuz entered a fourth month, increasing pressure on the global aviation industry due to rising jet fuel prices.
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North Highland Appoints Anthony Shaw as Global CEO to Drive AI-Focused Growth

North Highland Appoints Anthony Shaw as Global CEO to Drive AI-Focused Growth

North Highland Appoints Anthony Shaw as Global CEO to Drive AI-Focused Growth
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BP tasks independent director Amanda Blanc to lead search for next chair

BP tasks independent director Amanda Blanc to lead search for next chair

June 1 (Reuters) - BP has asked senior independent director Amanda Blanc to lead the search for the next chair, the energy company's interim chair Ian Tyler said in a statement to Reuters on Monday.
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India manufacturing activity rose in May despite cost pressures, PMI shows

India manufacturing activity rose in May despite cost pressures, PMI shows

BENGALURU, June 1 (Reuters) - India's manufacturing sector expanded at its fastest pace in three months in May on sustained demand even as cost pressures were among the most intense in nearly four years and business optimism softened to its lowest since February, a survey showed on Monday.
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Luxury brands seek to lure America's AI super-rich

Luxury brands seek to lure America's AI super-rich

By Elisa Anzolin and Helen Reid MILAN/LONDON, June 2 (Reuters) - European luxury brands have sharpened their focus on the United States, with a surge of store openings and fashion shows to lure a new crop of wealthy shoppers enriched by the AI and tech boom and offset weak consumer confidence in the
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Motorola targets rogue drones with $1.5 billion D-Fend deal

Motorola targets rogue drones with $1.5 billion D-Fend deal

June 1 (Reuters) - Motorola Solutions said it would buy Israeli startup D-Fend Solutions for $1.5 billion as governments and critical infrastructure operators worldwide rush to defend against the growing threat of rogue drones.
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Activist Toms Capital presses insurance firm Voya to explore sale

Activist Toms Capital presses insurance firm Voya to explore sale

June 1 (Reuters) - Activist hedge fund Toms Capital Investment Management on Monday urged Voya Financial to explore strategic options, including a potential sale, arguing the insurance and investment management company continues to trade at a discount to peers.
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Asia stocks count on AI boom to offset Gulf risks

Asia stocks count on AI boom to offset Gulf risks

By Wayne Cole SYDNEY, June 1 (Reuters) - Asian share markets firmed on Monday as the boom in all things AI continued to drive demand, offsetting a lack of progress in Gulf peace talks that challenged optimism on a re-opening of the Strait of Hormuz and lifted oil prices.
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Factories face soaring costs as Iran war causes supply shocks

Factories face soaring costs as Iran war causes supply shocks

By Jonathan Cable and Leika Kihara LONDON/TOKYO, June 1 (Reuters) - The economic shock from the Iran war hit European factories last month, suppressing demand for their goods and pushing up raw material costs at the fastest rate in four years, although their Asian peers saw activity expand due to
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Iran war forces farmers seek fertilizer alternatives from cow dung to compost

Iran war forces farmers seek fertilizer alternatives from cow dung to compost

Governments around the world are being pressed to find and support alternatives to reduce dependency on chemical fertilizers as the Iran war drives up prices