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Facing fares row, Ryanair hit by new antitrust probe in Italy

UPDATE 2-Facing fares row, Ryanair hit by new antitrust probe in Italy Ryanair probed in Italy over treatment of travel agencies Company is battling government over airfares cap Ryanair cuts domestic schedule to Sicily over winter Updates with comments from Ryanair executive, reaction ROME, Sept 20 (Reuters) - Italy's antitrust agency opened an investigation on Wednesday into low-cost carrier Ryanair RYA.I "for possible abuse of a dominant (market) position", the latest regulatory challenge in I
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Ryanair faces new antitrust probe in Italy

Ryanair faces new antitrust probe in Italy ROME, Sept 20 (Reuters) - Italy's Antitrust agency said on Wednesday it had opened an investigation into low-cost carrier Ryanair RYA.I "for possible abuse of a dominant (market) position". Ryanair is Europe's largest airline and a market leader in Italy. The Antitrust agency said it suspected the carrier of exploiting its dominant position "to extend its power" in other sectors such as hotels and car rentals, to the detriment of travel agencies.
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Italy's government dilutes plan to cap airfares to islands

UPDATE 3-Italy's government dilutes plan to cap airfares to islands Updates Sept. 19 story with new quote from Airlines for Europe in paragraphs 5-6 By Angelo Amante and Keith Weir ROME, Sept 20 (Reuters) - Italy's government on Tuesday dialled down plans to cap airfares for flights to Italian islands after airlines including Ryanair RYA.I challenged the legality of its initial proposal.
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Italian govt asks antitrust body to control air fares to islands

Italian govt asks antitrust body to control air fares to islands ROME, Sept 19 (Reuters) - The Italian government has asked the country's antitrust body to regulate airfares to Italian islands after a dispute with airlines including Ryanair RYA.I over a planned price cap, it said on Tuesday. The proposal to hand the issue to the antitrust authority was made in an amendment to a government decree initially announced in August, which Ryanair denounced as "illegal and unenforceable." The antitrust
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European airlines: US concerns weigh, but Barclays sees little read-across to Europe

BUZZ-European airlines: US concerns weigh, but Barclays sees little read-across to Europe ** Airline shares are not in vogue, as U.S. profit warnings, rising fuel prices and geared turbofan (GTF) engine problems weigh on sentiment, but there's no direct read-across to Europe, Barclays says ** Three U.S. carriers last week cut Q3 margin forecasts on higher fuel costs, as oil prices have risen due to extended production cuts by Saudi Arabia and Russia ** Barclays says there's a case to be made tha
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Coloplast, Natwest Group, Volkswagen

EUROPE RESEARCH ROUNDUP-Coloplast, Natwest Group, Volkswagen Sept 19 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Coloplast, Natwest Group and Volkswagen, on Tuesday. HIGHLIGHTS * Advanced Medical Solutions Group Plc AMSU.L : HSBC raises to buy from hold * Billerud AB (Publ) BILL.ST : Jefferies raises to buy from hold * Coloplast COLOb.CO : JP Morgan reinstates coverage with underweight rating * Natwest Group Plc NWG.L : HSBC cu
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Decarbonisation in mining still a long way off

REUTERS IMPACT-Decarbonisation in mining still a long way off LONDON, Sept 7 (Reuters) - A lack of consistent data to measure emissions down the supply chain of mining companies and through to customers makes it difficult to monitor and meet targets for decarbonising the sector, industry executives and investors said on Thursday. The mining industry is a key focus for policymakers and investors because it provides the critical raw materials needed for electric vehicles and renewable energy infra
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Shoppers say they want sustainable goods, but won't pay more

REUTERS IMPACT-Shoppers say they want sustainable goods, but won't pay more By Richa Naidu and Helen Reid LONDON, Sept 7 (Reuters) - Consumer goods makers and retailers investing in sustainably made products after years of shopper outcry, say they face an uphill struggle convincing people to switch when those products cost more or look inferior. Shareholders, consumers and regulators have pressured companies - from Kimberly-Clark KMB.N and Nestle NESN.S to Walmart WMT.N - into spending billions
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COP28 needs to show action not words for business, finance leaders

REUTERS IMPACT-COP28 needs to show action not words for business, finance leaders A little less conversation, a little more action -GRI CEO Do more to roll out renewables in Asia - HSBC's Herweijer Need to see a sense of urgency - Roche's Hoffmann By Simon Jessop, Susanna Twidale and Elizabeth Howcroft LONDON, Sept 7 (Reuters) - Less talk and more action on decarbonising the energy system should be the main focus of world leaders at the next round of climate talks, speakers at the Reuters IMPACT
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African Finance Corp says Gabon political situation a 'good coup'

CORRECTED-REUTERS IMPACT-African Finance Corp says Gabon political situation a 'good coup' Corrects AFC ownership structure in paragraph 3 on updated guidance from the AFC London, Sept 7 - The recent coup in Gabon was executed peacefully and appeared to be a "good coup", with society and business operating as usual, a senior executive from the Africa Finance Corporation (AFC) said on Thursday.
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From suppliers to costs, sustainability goals challenge companies

REUTERS IMPACT-From suppliers to costs, sustainability goals challenge companies By Richa Naidu, Helen Reid and Emma Rumney LONDON, Sept 6 (Reuters) - As they endeavour to meet lofty sustainability goals, companies from Japan's Asahi 3333.T to retailer John Lewis face challenges like confusion among suppliers, tough legislation, and friction with top management over costs, executives said.
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Decarbonisation cost shouldn't fall to consumer, easyJet CEO says

REUTERS IMPACT-Decarbonisation cost shouldn't fall to consumer, easyJet CEO says Updates with more quotes By Joanna Plucinska and Sachin Ravikumar LONDON, Sept 6 (Reuters) - Decarbonisation efforts in the aviation sector will cost more money, but that cost should not fall to the consumer, easyJet Chief Executive Johan Lundgren said on Wednesday. He added that options to decarbonise, like creating sustainable aviation fuels, are not yet at scale and cost three to five times more than typical jet
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Decarbonisation cost shouldn't fall to consumer, easyJet CEO says

REUTERS IMPACT-Decarbonisation cost shouldn't fall to consumer, easyJet CEO says Adds quotes in paragraphs 3-4 LONDON, Sept 6 (Reuters) - Decarbonisation efforts in the aviation sector will cost more money, but that cost shouldn't fall to the consumer, easyJet Chief Executive Johan Lundgren said on Wednesday. He added that options to decarbonise, like creating sustainable aviation fuels, are not yet at scale and cost three to five times more than typical jet fuel.
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Decarbonisation cost shouldn't fall to consumer, easyJet CEO says

REUTERS IMPACT-Decarbonisation cost shouldn't fall to consumer, easyJet CEO says LONDON, Sept 6 (Reuters) - Decarbonisation efforts in the aviation sector will cost more money, but that cost shouldn't fall to the consumer, easyJet Chief Executive Johan Lundgren said on Wednesday in an interview at the Reuters IMPACT conference. He added that options to decarbonise, like creating sustainable aviation fuels, are not yet at scale and cost three to five times more than typical jet fuel.
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UK air traffic meltdown 'one in 15 million' event -NATS

UPDATE 3-UK air traffic meltdown 'one in 15 million' event -NATS Adds quote from report paragraph 8, airline reactions paragraphs 9-12 LONDON, Sept 6 (Reuters) - An air traffic meltdown in Britain was caused by a "one in 15 million" event, the boss of traffic control provider NATS said, as initial findings showed how a single flight plan with two identically labelled markers caused the chaos.
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Airbus, easyJet, Rolls-Royce join forces in UK on hydrogen-powered flying

Airbus, easyJet, Rolls-Royce join forces in UK on hydrogen-powered flying LONDON, Sept 5 (Reuters) - Airbus AIR.PA , easyJet EZJ.L and Rolls-Royce RR.L have joined forces to try to position Britain at the forefront of hydrogen-powered aviation as the industry plots its course to decarbonisation. The partners launched the Hydrogen in Aviation (HIA) alliance on Tuesday to ensure that infrastructure, policy, regulatory and safety frameworks are ready for when the first hydrogen-powered aircraft tak
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Rolls Royce Says UK Hydrogen Alliance Established To Accelerate Zero Carbon Aviation

BRIEF-Rolls Royce Says UK Hydrogen Alliance Established To Accelerate Zero Carbon Aviation Sept 5 (Reuters) - Rolls-Royce Holdings PLC RR.L : UK HYDROGEN ALLIANCE ESTABLISHED TO ACCELERATE ZERO CARBON AVIATION COS INCLUDING EASYJET, ROLLS-ROYCE, AIRBUS, ØRSTED, GKN AEROSPACE AND BRISTOL AIRPORT, ESTABLISHED HYDROGEN IN AVIATION (HIA) ALLIANCE COS
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Britain's air traffic control failure to cost airlines 100 mln stg -IATA head

Britain's air traffic control failure to cost airlines 100 mln stg -IATA head LONDON, Aug 30 (Reuters) - The cost to airlines from Britain's air traffic control failure on Monday is likely to reach about 100 million pounds ($126 million), Willie Walsh, the head of global airlines group IATA told the BBC on Wednesday. ($1 = 0.7920 pounds) Reporting
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UK air traffic control meltdown fault won't happen again - NATS

UPDATE 2-UK air traffic control meltdown fault won't happen again - NATS Head of air traffic control provider says issue fixed To present report into issue on Monday IATA estimates $126 million cost to airlines Adds IATA head comments in paragraph 11-13 By Sarah Young LONDON, Aug 30 (Reuters) - The air traffic control glitch which caused thousands of flight cancellations and delays into and out of Britain has been fixed and will not be repeated, the head of NATS, the country's air traffic contro
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UK air traffic control says problem which caused flight cancellations won't happen again

UK air traffic control says problem which caused flight cancellations won't happen again LONDON, Aug 30 (Reuters) - The disruption to flights into and out of Britain caused by a technical failure on Monday will not happen again after changes were made to the system, the head of the country's air traffic control group NATS said. "We've worked incredibly hard since we restored the service back on Monday to make sure that this type of event can't happen again," NATS CEO Martin Rolfe told the BBC on
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