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British Business - August 12

Aug 12 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Heathrow Airport handled 6.3 million passengers last month, nearly 20% below its pre-pandemic levels, after it failed to recruit enough staff in security, at the gate, and on the tarmac during the spring.

Temperatures rise as France tackles its worst drought on record

PARIS, Aug 7 (Reuters) - France on Sunday braced for a fourth heatwave this summer as its worst drought on record left parched villages without safe drinking water and farmers warned of a looming milk shortage in the winter. Prime Minister Elisabeth Borne's office has set up a crisis team to tackle a drought that has forced scores of villages to rely on water deliveries by truck, prompted state-run utility EDF EDF.PA to curb nuclear power output and stressed crops.

French lawmakers back extra 2022 spending for inflation relief, EDF nationalisation

PARIS, Aug 4 (Reuters) - French lawmakers on Thursday approved a supplementary budget bill that earmarks funding for the full nationalisation of utility giant EDF EDF.PA and a raft of measures to help tackle soaring inflation. The 44-billion euro ($44.94 billion) budget - which includes 20 billion euros for inflation-relief measures approved on Wednesday - allows for the increase of a state-financed rebate on fuel to 30 euro cents from 18. It also raises the ceiling on tax-free overtime until th

EDF issues fourth profit warning as nuclear output drops

* Raises hit from lower nuclear output to 24 bln euros * Had previously seen an impact of 18.5 bln euros * H1 net loss 5.29 bln euros * Sales of 66.2 bln euros vs under 40 bln year earlier By Benjamin Mallet and Silvia Aloisi PARIS, July 28 (Reuters) - French power company EDF EDF.PA , which is being nationalised, issued its fourth profit warning of the year on Thursday as it fell to a loss in the first half on lower nuclear output.

Financial Times - July 22

July 22 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Pfizer and Flynn fined 70 mln stg by UK regulator for epilepsy drug price rises Link - EDF pushes UK government to alter Hinkley Point C penalty clauses Link - Tata threatens to close Port Talbot steelworks without 1.5 bln stg of aid Link - Marks and Spencer finance chief to depart retailer and join Primark owner ABF Link Overview


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