Latest news with #JonathanBrady
CNBC
7 days ago
- Business
- CNBC
European stocks set to open higher on optimism that U.S.-EU trade deal is imminent
The Millennium Bridge in London, on July 4, 2025. Jonathan Brady - Pa Images | Pa Images | Getty Images Good morning from London, and welcome to CNBC's live blog covering all the action and business news in European financial markets on Thursday. Futures data from IG suggest a positive open for European indexes as hopes of a U.S.-EU trade deal rise, with London's FTSE 100 seen opening 0.4% higher, France's CAC 40 up 1.3%, Germany's DAX up 1.1%, and Italy's FTSE MIB 1.24% higher. European markets rose Wednesday amid hopes that the U.S. and European Union could be closing in on a trade deal. Regional stocks jumped yesterday after the Financial Times reported that the two large trading partners were closing in on a 15% tariff deal. Optimism that a deal was close rose after President Donald Trump announced that he had completed a "massive Deal" with Japan, and hinted that Europe could be next. "We have Europe coming in tomorrow, and the next day, we have some other ones coming in," Trump said late on Tuesday, without specifying details. — Holly Ellyatt Flags for the European Union members stand during a ceremony to lay a cornerstone for the new European Central Bank (ECB) headquarters in Frankfurt, Germany. Hannelore Foerster | Bloomberg | Getty Images It's a busy day for central banks and corporates on Thursday. The European Central Bank is widely expected to keep interest rates unchanged as it gauges the trade tariff landscape. On the earnings front, reports are set to come from BNP , Roche, Nokia, Nestle, Lloyds Banking Group, BT Group, Reckitt Benckiser Group, ITV, Wizz Air , TotalEnergies , Vodafone , Centrica, Michelin, Dassault Systemes , ST Micro, Carrefour , Deutsche Bank , Deutsche Boerse , LVMH and more. On the data front, flash European purchasing managers' index data and Germany's GfK consumer confidence figures are due. — Holly Ellyatt
Glasgow Times
23-07-2025
- Glasgow Times
Substation fire that shut Heathrow Airport to cost it ‘tens of millions'
Chief executive Thomas Woldbye told the PA news agency the financial impact of the temporary closure caused by a power outage was expected be in the 'low tens of millions'. The group is now waiting for a report from energy watchdog Ofgem to finalise its findings into the incident to see if it can claim compensation from National Grid Electricity Transmission (NGET). More than 270,000 air passenger journeys were disrupted by the incident (Jonathan Brady/PA) No flights operated at the west London airport until about 6pm on March 21 because of the blaze which started late the previous night. More than 270,000 air passenger journeys were disrupted by the incident. Mr Woldbye told PA the group had 'learnings' to take away from the incident. A report into events clarified that Mr Woldbye had been asleep with his phone on silent as the overnight decision to close the airport was taken. He said: 'That is one learning and that will not happen again. 'I would have liked to see my personal role play out differently. 'That said, we need to have procedures in place that ensures that this company can take the right decisions at the right time by the right people, no matter what the situation is.' 'An organisation like ours has to be able to manage, whether the captain's on the bridge or not,' he said. In an interview with BBC Radio 4's Today programme, he denied misjudging what it meant to be the head of one of the world's busiest airports. A fire broke out at the North Hyde electrical substation in west London (Jonathan Brady/PA) Ofgem has launched an official enforcement investigation into NGET after a report found the fire that caused the shutdown of Heathrow was due to a preventable technical fault. The report by the National Energy System Operator (Neso) said an 'elevated moisture reading' had been found in oil samples at the North Hyde substation in west London in July 2018, but that action was not taken to replace electrical insulators known as bushings. The comments came as the airport revealed half-year profits fell by more than a third despite seeing passenger numbers soar to a record high. The group posted a 37.2% drop in pre-tax profits to £203 million for the six months to June 30 as its costs surged, partly driven by a higher wage bill after last autumn's budget measures.
South Wales Argus
23-07-2025
- South Wales Argus
Substation fire that shut Heathrow Airport to cost it ‘tens of millions'
Chief executive Thomas Woldbye told the PA news agency the financial impact of the temporary closure caused by a power outage was expected be in the 'low tens of millions'. The group is now waiting for a report from energy watchdog Ofgem to finalise its findings into the incident to see if it can claim compensation from National Grid Electricity Transmission (NGET). More than 270,000 air passenger journeys were disrupted by the incident (Jonathan Brady/PA) No flights operated at the west London airport until about 6pm on March 21 because of the blaze which started late the previous night. More than 270,000 air passenger journeys were disrupted by the incident. Mr Woldbye told PA the group had 'learnings' to take away from the incident. A report into events clarified that Mr Woldbye had been asleep with his phone on silent as the overnight decision to close the airport was taken. He said: 'That is one learning and that will not happen again. 'I would have liked to see my personal role play out differently. 'That said, we need to have procedures in place that ensures that this company can take the right decisions at the right time by the right people, no matter what the situation is.' 'An organisation like ours has to be able to manage, whether the captain's on the bridge or not,' he said. In an interview with BBC Radio 4's Today programme, he denied misjudging what it meant to be the head of one of the world's busiest airports. A fire broke out at the North Hyde electrical substation in west London (Jonathan Brady/PA) Ofgem has launched an official enforcement investigation into NGET after a report found the fire that caused the shutdown of Heathrow was due to a preventable technical fault. The report by the National Energy System Operator (Neso) said an 'elevated moisture reading' had been found in oil samples at the North Hyde substation in west London in July 2018, but that action was not taken to replace electrical insulators known as bushings. The comments came as the airport revealed half-year profits fell by more than a third despite seeing passenger numbers soar to a record high. The group posted a 37.2% drop in pre-tax profits to £203 million for the six months to June 30 as its costs surged, partly driven by a higher wage bill after last autumn's budget measures.
The Herald Scotland
23-07-2025
- The Herald Scotland
Substation fire that shut Heathrow Airport to cost it ‘tens of millions'
The group is now waiting for a report from energy watchdog Ofgem to finalise its findings into the incident to see if it can claim compensation from National Grid Electricity Transmission (NGET). More than 270,000 air passenger journeys were disrupted by the incident (Jonathan Brady/PA) No flights operated at the west London airport until about 6pm on March 21 because of the blaze which started late the previous night. More than 270,000 air passenger journeys were disrupted by the incident. Mr Woldbye told PA the group had 'learnings' to take away from the incident. A report into events clarified that Mr Woldbye had been asleep with his phone on silent as the overnight decision to close the airport was taken. He said: 'That is one learning and that will not happen again. 'I would have liked to see my personal role play out differently. 'That said, we need to have procedures in place that ensures that this company can take the right decisions at the right time by the right people, no matter what the situation is.' 'An organisation like ours has to be able to manage, whether the captain's on the bridge or not,' he said. In an interview with BBC Radio 4's Today programme, he denied misjudging what it meant to be the head of one of the world's busiest airports. A fire broke out at the North Hyde electrical substation in west London (Jonathan Brady/PA) Ofgem has launched an official enforcement investigation into NGET after a report found the fire that caused the shutdown of Heathrow was due to a preventable technical fault. The report by the National Energy System Operator (Neso) said an 'elevated moisture reading' had been found in oil samples at the North Hyde substation in west London in July 2018, but that action was not taken to replace electrical insulators known as bushings. The comments came as the airport revealed half-year profits fell by more than a third despite seeing passenger numbers soar to a record high. The group posted a 37.2% drop in pre-tax profits to £203 million for the six months to June 30 as its costs surged, partly driven by a higher wage bill after last autumn's budget measures.
Western Telegraph
23-07-2025
- Western Telegraph
Substation fire that shut Heathrow Airport to cost it ‘tens of millions'
Chief executive Thomas Woldbye told the PA news agency the financial impact of the temporary closure caused by a power outage was expected be in the 'low tens of millions'. The group is now waiting for a report from energy watchdog Ofgem to finalise its findings into the incident to see if it can claim compensation from National Grid Electricity Transmission (NGET). More than 270,000 air passenger journeys were disrupted by the incident (Jonathan Brady/PA) No flights operated at the west London airport until about 6pm on March 21 because of the blaze which started late the previous night. More than 270,000 air passenger journeys were disrupted by the incident. Mr Woldbye told PA the group had 'learnings' to take away from the incident. A report into events clarified that Mr Woldbye had been asleep with his phone on silent as the overnight decision to close the airport was taken. We need to have procedures in place that ensures that this company can take the right decisions at the right time by the right people, no matter what the situation is Heathrow Airport chief executive Thomas Woldbye He said: 'That is one learning and that will not happen again. 'I would have liked to see my personal role play out differently. 'That said, we need to have procedures in place that ensures that this company can take the right decisions at the right time by the right people, no matter what the situation is.' 'An organisation like ours has to be able to manage, whether the captain's on the bridge or not,' he said. In an interview with BBC Radio 4's Today programme, he denied misjudging what it meant to be the head of one of the world's busiest airports. A fire broke out at the North Hyde electrical substation in west London (Jonathan Brady/PA) Ofgem has launched an official enforcement investigation into NGET after a report found the fire that caused the shutdown of Heathrow was due to a preventable technical fault. The report by the National Energy System Operator (Neso) said an 'elevated moisture reading' had been found in oil samples at the North Hyde substation in west London in July 2018, but that action was not taken to replace electrical insulators known as bushings. The comments came as the airport revealed half-year profits fell by more than a third despite seeing passenger numbers soar to a record high. The group posted a 37.2% drop in pre-tax profits to £203 million for the six months to June 30 as its costs surged, partly driven by a higher wage bill after last autumn's budget measures.
