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Channel tunnel operator Getlink posted record 2018 profits on Thursday and warned of disruptions to its business during the second quarter of this year, regardless of whether Britain leaves the European Union with or without a divorce deal in March. Getlink, formerly known as Eurotunnel (Paris: FR0010533075 - news) , said that it expected 2019 earnings before interest, taxes, depreciation and amortisation (EBITDA) to decline to 560 million euros ($635.15 million) from 569 million in 2018 in the event of a "no deal" Brexit and to rise to 575 million if an agreement was reached. "We are being very cautious though we are confident in the commitment of Britain and France to quickly set up effective border control procedures without any operational discontinuity," Getlink CEO Jacques Gounon told a conference call.
A heavy sell-off on Wall Street sent European shares tumbling on Tuesday with oil stocks leading the decline as crude prices extended their losses and Royal Dutch Shell tumbled on reports of a possible ...
* European futures open lower * S&P 500 hits 14-month low on growth worries ahead of Fed * Xi Jinping's speech 'barely caused a ripple' * Eyes on Deutsche Telekom, Ericsson, Shell, Cherry Dec 18 - Welcome ...
* European futures open lower * S&P 500 hits 14-month low on growth worries ahead of Fed * Xi Jinping's speech 'barely caused a ripple' Dec 18 - Welcome to the home for real-time coverage of European equity ...