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United Kingdom

Ed Cropley

Breakingviews - British Airways hacking fine is painful precedent

08 Jul 2019

LONDON (Reuters Breakingviews) - Europe’s data police have new fangs that are turning out to be pretty sharp. British Airways was told on Monday it faced a 183 million pound penalty for the theft of customer information from its website last year. That would be a record hacking fine and dwarfs the 500,000 pound maximum paid by Facebook under old European Union rules. The airline got some credit for notifying the UK Information Commissioner’s Office (ICO), which polices the rules nationally. But the size of the punishment sets a painful precedent.

Breakingviews - Africa growth outlook puts democrats on back foot

03 Jul 2019

LONDON (Reuters Breakingviews) - After beating a steady retreat since the end of the Cold War, the African strongman is on the comeback trail. Worryingly, dismal growth data in major democracies like South Africa and Nigeria are bolstering his cause.

Breakingviews - Aviation is acid test for UK climate credibility

07 May 2019

LONDON (Reuters Breakingviews) - Britons should enjoy cheap stag weekends in Latvia while they can. The UK government has been encouraged by its own advisory body to cut net greenhouse-gas emissions to zero by 2050 – among the most ambitious national targets to date. Given a pre-existing goal for an 80 percent cut by the same date is looking shaky, the implication is either that the targets are hot air, or the government is about to get tough in areas like aviation.

Breakingviews - Airbus struggles to profit from Boeing misery

30 Apr 2019

LONDON (Reuters Breakingviews) - Airbus looks reluctant to kick Boeing when it’s down. Beyond the indignity of exploiting crashes of its rival’s 737 MAX planes in which 346 people died, the 95 billion euro European planemaker will be wary of triggering a price war. And investing in costly new production without firm orders from airlines would squeeze already tight cash flow.

Breakingviews - Thomas Cook survival relies on risky breakup

23 Apr 2019

LONDON (Reuters Breakingviews) - Thomas Cook’s best case may be a risky breakup. The struggling tour operator’s shares jumped around 16 percent on reports of a bid by Chinese group Fosun International or private equity firms KKR and EQT Partners. Either could involve selling off its airline, a tricky move that may leave an even weaker core business.

Breakingviews - German banking tie-up brings out balloon-floaters

17 Apr 2019

LONDON (Reuters Breakingviews) - Deutsche Bank’s tie-up talks with Commerzbank are providing a field day for Europe’s financial balloon-floaters. The latest is the idea that Dutch lender ING Groep has expressed interest in chaining itself to Commerzbank, reported in Germany’s Manager Magazin. The possibility won’t impress ING shareholders but it gives Commerzbank an extra dash of lipstick and, along the way, sends a message to Dutch regulators about rigid local bank rules.

Breakingviews - Legal woes poison Bayer’s prospects

20 Mar 2019

LONDON (Reuters Breakingviews) - Roundup’s noxious effect is leaching deeper into Bayer. Shares in the German chemicals group slumped again on Wednesday after a second U.S. court said its widely used weed killer causes cancer. Bayer has shed $34 billion of market capitalisation since the first adverse ruling last August, effectively exterminating any value in its CropScience unit, which includes Roundup. With thousands of claims in the wings, even that may be too generous.

Breakingviews - Airbus can only nibble at Boeing’s 737 lunch

18 Mar 2019

LONDON (Reuters Breakingviews) - Boeing’s losses are not Airbus’ gains. The $215 billion U.S. aerospace giant may have suspended deliveries of its ill-fated 737 MAX 8 jet after two crashes in five months, and that theoretically should benefit its European peer. Unfortunately for 91 billion euro Airbus, chock-full production lines and order books stretching for years mean it can’t take up much slack.

コラム:米ボーイング機墜落事故、株急落が映す「中国の脅威」

13 Mar 2019

[ニューヨーク/ロンドン 11日 ロイター BREAKINGVIEWS] - この半年間でボーイングの新型機737MAX8で2度目となる墜落事故が起きたことを受け、同社株は11日に急落した。投資家の反応は、事故による短期的な財務面の影響を恐らく過大視しているが、もっと大きな長期的脅威を反映しているのかもしれない。

Breakingviews - May offers tiny plaster for gaping Brexit wound

04 Mar 2019

LONDON (Reuters Breakingviews) - Theresa May’s so-called Brexit bribe is unlikely to sway hearts and minds. The UK prime minister promised to invest 1.6 billion pounds in impoverished English towns. Critics see it as a bung to get opposition lawmakers to back her EU exit deal. But the paltry investment might only draw attention to the damage that May’s Brexit has already done the UK.

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