Western Europe

Authorities at Gatwick Airport said that water supplies were interrupted 'on Sunday due to a power 'outage in a local treatment -works. Passengers reported the issue on social media. They said that it had led to the failure of flushing toilets and closures?of bars and restaurants. Water supplies were affected in both terminals of the airport, Britain's second busiest airport after Heathrow. The statement said that "Bottled Water is available to passengers and staff at the airport, and contingency measures have been put in place for the passengers' welfare." Water utility SES Water reported that complications caused by an outage...

Euronext Wheat Futures dropped?more? than 6% after reports that Ukraine was looking at possible ways to keep vessels moving through its Big Odesa port. This raised hopes for Black Sea exports. The price of front-month milling wheat for September on Paris' Euronext fell?6% at 1320 GMT to EUR228.75 ($260.02), after falling as low as EUR226.25 per ton earlier. Chicago's most popular wheat contract was down 4% at the same time. ExpertGrain Media reported that under 'the proposal', shipowners would notify both Ukrainian authorities and Russian authorities prior to vessels calling at ports in either of the countries. Ships registered under...

Union Pacific announced a 'rise' in its second-quarter profits on Thursday as a result of?strong freight demand? and pricing gains? that overshadowed an increase in operating expenses? U.S. Railroads have benefited from their pricing power and operational discipline. They have also improved network reliability and performance on time to support freight volumes and attract more business. West Coast Railway's net income for the second quarter was up 6.6% to $2 billion or $3.36 a share from $1.9billion or $3.15 a share compared to a year ago. The company's revenue increased 12% from the previous year to $6.86 billion. The freight...

The price of European wheat soared on Wednesday due to renewed drone attacks and the closure of Novorossiysk, the major Russian grain export hub, overnight. Benchmark 'September' milling wheat traded on Paris-based Euronext was up 4.5% at 1530 GMT, to 245.25 Euros per metric ton. Chicago wheat increased by 4% at the same time. Three grain industry sources reported on Wednesday that Russia has temporarily banned vessel movements into and out of Novorossiysk port between midnight and 5 a.m. due to drone attacks by Ukraine. The port is operating as normal outside of the nighttime restrictions, and grain shipments are...

Maersk, a shipping group from Denmark, announced on Tuesday that it has halted service via Ukraine's Chornomorsk Fishing Port. This announcement was made after Russia intensified their attacks on Kyiv’s maritime export routes. Maersk is the second major?company this month to cease operations out of Chornomorsk after Ukraine's largest grain exporter Kernel Holding stopped operations last week at the city's principal port due to Russian attacks. Maersk, in a press release, said that despite not mentioning the Russian strikes directly, due to current?situations affecting their operations, they were unable to provide service to Ukraine through?Chornomorsk Fishing Port. Our service via...

Two industry sources reported that commodity trader Glencore will withdraw 30,000 metric tonnes of 'lead' from London Metal Exchange storage warehouses after inventories of the battery metal soared to records. One source and two others familiar with the situation said that Hartree Partners, a fellow trader, also marked metals for delivery from a warehouse by cancelling the lead stocks. The sources did not specify how much lead Hartree cancelled. These withdrawals can create the impression that there is a 'physical demand' for lead when in fact it may be simply being moved between traders or warehouses, rather than actually reaching...

Here are some of the main factors that could affect Swiss stocks on Friday: H1 net income CHF 105.2 millions. GEORG FISCHER The expected proceeds of CHF 220 MILLION from the divestment and sale of the?industrial gas-turbine business will be used to reduce debt. Company Statements Novartis ?Fabhalta Receives FDA Approval. ANALYSTS VIEWS FLUGHAFEN ZUERICH AG-Jefferies raises the target price from CHF 246 to?CHF252? ECONOMY No major Swiss economic data scheduled. (Reporting by Zurich newsroom and Gdansk newsroom) |1|For Top News in ?a multimedia Web format on Eikon visit: https://bit.ly/2NDFd6g FOR ?RELATED PRICES, NEWS AND ?OTHER ?TOPICS, DOUBLE-CLICK ON: Daily...

Here are some company news and stories that could impact the markets or stocks in France and Benelux. PARIS AIRPORTS/AIRFRANCE KLM: France’s civil aviation authority has asked airlines to reduce flights by 20% at Paris-Orly airport on Thursday evening, due to storm risk. Delays are also expected at Paris Charles de Gaulle Airport. AEROPORTS de PARIS SA : The Paris airport operator reported that June group traffic dropped 1.4%, to 33.4 millions passengers. It also revised its 2026 passenger traffic growth projection for Paris from a range of 1.5-2.5% to 0.5%. AEDIFICA: Aedifica, a Belgian investor in healthcare real estate,...

Ireland's Transport Minister lifted a passenger cap at Dublin Airport on Thursday after President Catherine Connolly signed a new law. The government is under pressure to lift its 32 million passenger limit per year, which has been suspended in anticipation of a ruling from the European Court. Last year, the airport exceeded its limit by four million passengers. Irish Transport Minister Darragh O'Brien welcomed Connolly's signing of the law and expressed his hope that an order would be issued to "amend or repeal the cap" as soon as possible after an environmental assessment. He said, "I intend to immediately begin...

A court in Italy sentenced Giovanni Castellucci, the former CEO of Atlantia, to 12 years in prison on Thursday for the fatal 2018 collapse of an autobahn bridge in Genoa's port city in the northwest. Atlantia owned the majority of shares in the motorway operator Autostrade per l'Italia when the tragedy occurred. 43 people were killed as their cars plunged off the flyover. The court was packed with relatives of the victims to hear the verdict of a case that became a symbol for the slow pace of justice in Italian criminal proceedings. The Italian legal system allows for at...

Iran warned that if U.S. strikes continue, its campaign to choke global energy markets may expand from the Strait-of-Hormuz?to the crucial Red Sea route. This threat is dependent on the Houthi allies of Iran in Yemen. Here's why it matters, and what that means for the Iran War and the global energy crises: How big is the risk to global energy markets? The Bab el-Mandeb strait, the gateway to the Red Sea, would be closed and open a whole new front in the conflict between Iran and the U.S. The Red Sea is now an important alternative outlet for Gulf...

White paint is a simple, yet effective, solution to the aging infrastructure of Europe's railways, which are buckling under record temperatures, melting roads and straining power grids. Drones, AI-powered sensors and AI-powered sensors, to name a few, have been used to inspect tracks. Workers at the Oslo Airport in Norway sprayed water on the tarmac to 'keep it cool'. The temperature was expected to reach 30 degrees Celsius, 10 degrees above the normal average for this time of the year. The country is adjusting to the rising temperatures in Europe, which are fueling wildfires and killing thousands. Infrastructure is also...

Ukraine's forces have struck Russia's energy infrastructure, which Kyiv claims is an attempt to deny Russia resources for funding its military. Here is a list of recent attacks and their impact. TYUMEN On July 25, local Russian authorities reported that a?Ukrainian 'drone strike' sparked an fire at the Tyumen Refinery in western Siberia. The fire was later extinguished. The refinery's nominal capacity is around 8 million tons per annum. According to industry estimates, it processes approximately 6 million tons per year, producing 0.5 million tons gasoline and 2.5 millions tons diesel. YAROSLAVL According to President Volodymyr Zelenskiy, Ukrainian forces attacked...

The German Chancellor Friedrich Merz fired Transport Minister Patrick Schnieder on Friday, amid frustration with 'the state of the rail network and crumbling infrastructure in Germany,' according to Bild, as part of a wider cabinet reshuffle. The mass-circulation newspaper reported that Schnieder will be succeeded by Fritz Guentzler. He is a CDU legislator and auditor from Goettingen. Sources in conservative circles were cited. I was unable to reach the Chancellery or Transport Ministry for comment on Friday morning. The shake-up in the cabinet was triggered by Jens Spahn's sudden resignation over a controversy surrounding surrogacy. Bild reported that Merz had...

Brent oil prices hovered above $100 per barrel Friday, heading for a fourth week of gains. This was largely due to concerns over disrupted energy flow in the Red Sea as well as fears about escalation of the U.S. and Israeli war against Iran. Brent futures rose 37 cents or 0.37% to $101.06 per barrel at 0330 GMT. The previous session, the price of a barrel had risen 7% over $100 for the first since May after Iran-aligned Houthis claimed they had struck two Saudi oil tanks in the Red Sea. The contract was on track for a 14.6% increase...

The oil market was set to see gains this week as Houthi attacks on tankers in Red Sea raised concerns about the closure of a second shipping snare. Meanwhile, Kazakhstan temporarily reduced its output after its main export route had been forced to close. Brent futures eased?72 Cents, or 0.72 %, to $99.97 per barrel at 0126 GMT but remain on track for a 13.5% gain this week. West Texas Intermediate futures (WTI) fell 70 cents or 0.76% to $91.49 per barrel. They are on course for a weekly gain of 10.9%. Brent and WTI both rose by 7% on...

Two industry sources reported on Thursday that oil production in Kazakhstan has decreased?since?the closure?of a Black Sea Terminal, which serves as a main outlet for the nation's crude shipments. The terminal was also recently targeted by drone strikes. Tengiz, Kazakhstan's biggest oilfield, is the field where the decline was most pronounced. Sources claim that the production there has more than halved to 406,000 barrels a day on Wednesday, from an average of 925,000 bpd in July. According to a source, the average oil and gas condensate production in Kazakhstan fell on Wednesday from 2.07 million bpd to 1.63 millions bpd....

Getlink, the operator of the Channel Tunnel, warned on Thursday that software problems could cause the biometric phase to be delayed past the original deadline of September 6, affecting car passengers who use the tunnel. The Chief Executive Yann Leriche stated that the biometric component for the new Entry/Exit System has yet to be implemented in passenger vehicles. He also warned that the software at the European level is not fully stable. Travel disruptions during holiday seasons are a concern for airline groups as well as British authorities. Leriche said to reporters: "I won't tell you that we're not experiencing...

Four sources claim that a $30 billion project, which would provide Germany with renewable energy from Morocco via the longest intercontinental undersea power link in the world, is currently being delayed by disagreements about structure and guarantees. Sila Atlantik is a project that aims to link Morocco and Germany through two subsea cables capable of delivering up to 5% the annual German electricity demand. According to project developers, the cables would be 4,800 km long (2,892 meters) and fed by solar and wind power installations up to 15 gigawatts in Morocco. The total infrastructure costs around $30 billion. European countries...

Enagas, the Spanish gas grid operator, announced on Wednesday that it had agreed to purchase a 20% stake from 'Osaka Gas in eastern Spain's 'Saggas' regasification plant. It also reported first-half earnings, which it claimed kept it on track to meet its 2026 forecasts. The company announced that it would pay EUR31,000,000 ($35,000,000) for a stake in the Sagunto plant, located in the Valencia region. This plant has a storage capacity of 600,000.000 cubic meters and a regasification capability of 1.1 million normal cubic metres an hour. This is equal to 18% of Spain's total and 15% of its total....

Andy Burnham, the new British Prime Minister, promised a price cut of up to a third on single bus tickets as part of a push to reduce a cost-of living crisis. After his government announced that it would reduce taxes on electricity bills, the decision to cap tickets at PS2 ($2.68) in January was made. Downing Street announced that the extra funding for the bus ticket cap would come from reprioritising the Department of Energy, Security and Net Zero budget. "As I said on my first day as president, I will build a nation for everyone everywhere. Burnham said in...

Three sources with knowledge of the matter said that Egypt was in talks with Shell, TotalEnergies, and BP to buy 15-18 cargoes per month of liquefied gas for a minimum period three years. The talks take place as Egypt struggles to meet the rising demand for LNG and global LNG markets are tight due to the Iran conflict. This has led to a reduction in shipping through the Strait of Hormuz, and an increase in competition among buyers. Two sources confirmed that talks were ongoing with Shell, TotalEnergies and BP, as well as commodities traders Hartree Partners. A third source...

Three industry sources confirmed that the 'Caspian Pipeline Consortium' has stopped receiving oil from Kazakhstan, after suspending loadings Monday due to attacks against oil tankers at their Black Sea terminal. On Tuesday, two sources also stated that the oil tanks at the terminal were full. CPC, the company that accounts for 80% oil exports out of?Kazakhstan declined to comment. CPC announced on Monday that the oil loadings at Black Sea port had been suspended following a drone strike on tankers. Russia accused Ukraine of targeting CPC tanks as part of their "ambition to destabilise global oil markets". Ukraine has not...

Three industry sources reported on Tuesday that the Caspian Pipeline Consortium has ceased receiving oil from Kazakhstan after the suspension of 'loadings' due to a sabotage attack against 'oil tankers? at its Black Sea Terminal. Two sources said that the oil?reservoirs are also full at the terminal. CPC, the company that accounts for 80% of Kazakhstan's oil exports, declined to comment. CPC announced on Monday that oil loads were'suspended' at the Black Sea Port following a ukranian drone attack against tankers. Chevron continues its monitoring of the situation at CPC. Safety and security for personnel are our highest priority. Chevron's...