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To counter a sharp rise in oil prices this year Royal Jordanian started hedging 22 percent of its fuel requirements in the fourth quarter, Pichler said. Fuel is often an airline’s single largest operating cost. A currency hedging strategy is also in development, Pichler said burberry cufflinks black uk sale. Wary of overcapacity in the Gulf market, a region dominated by major airlines Emirates and Qatar Airways, Royal Jordanian has said it will focus on the Middle East’s Levant region. Pichler said he was hopeful flights to Syria would resume within the next three to four months, although Royal Jordanian had yet to make any plans to do so..

TORONTO (Reuters) – Thomson Reuters Corp (TRI.TO) (TRI.N) is looking to make “substantive” acquisitions to boost its legal and tax units after selling a majority stake in its financial terminal business, Chief Executive Jim Smith said on Tuesday. Smith’s comments, following better-than-expected third-quarter profit announced earlier in the day, sent Thomson Reuters shares up 4.5 percent to an 18-year high burberry cufflinks black uk sale. The news and information provider has set aside $2 billion for deals, Smith told Reuters in an interview, after raising $17 billion from selling 55 percent of its Financial & Risk (F&R) unit to private equity firm Blackstone Group LP (BX.N)..

“We are interested in bigger, more substantive deals,” Smith said. “I wouldn’t expect a string of small, bolt-on acquisitions. We’d rather spend that $2 billion on a handful of deals rather than spread across a couple of dozen.” burberry cufflinks black uk sale. Thomson Reuters could spend more than $2 billion if it found the right purchase, Smith told analysts on a conference call after reporting quarterly earnings. “If an absolute home-run deal presented itself, we would certainly consider it,” he said..

The company had previously indicated that it wanted to use the funds to bolster its Legal and Tax & Accounting businesses, which are its two biggest units after the F&R deal burberry cufflinks black uk sale. Last month, it agreed to buy Integration Point, a trade management software business, for an undisclosed fee. The F&R unit now operates as a standalone business named Refinitiv. Shares in Thomson Reuters have risen 35 percent since May 11, helped by its plan to buy back $10 billion of its shares. The stock hit a high of C$62.99 in afternoon trading..

Smith said the company was on track for a solid 2018 and a better performance in 2019 burberry cufflinks black uk sale. The company reiterated its forecast, originally given in May, for low single-digit revenue growth in 2018. On the conference call, Smith told analysts that the company’s longer-term goal was for mid-single digit growth. Edward Jones analyst Brittany Weissman said she was encouraged by growth in the company’s core businesses but was cautious about the outlook. “We believe there is some uncertainty around Thomson Reuters’ earnings growth over the next couple of years as the company transitions to its new operating structure,” she said..