(Reuters) -German engine manufacturer MTU Aero Engines’ shares rose on Tuesday, rebounding after previous losses as quarterly earnings beat market expectations, with analysts saying the impact from U.S. tariffs is largely factored into the stock. Shares in MTU, which were down 8.6% year-to-date before Tuesday, were up 1.8% at 0821 GMT, after rising as much …
MTU Aero Engines shares rise as tariffs headwinds priced in Read More »
By Alberto Chiumento (Reuters) -Swiss nylon maker EMS Chemie reported a 4% decline in first-quarter net sales on Tuesday, citing market-driven lower prices and cost levels and warning of “a particularly challenging economic environment” in 2025. The European chemical industry, long suffering from weak demand and high production costs, faces uncertainty as European leaders seek …
Swiss Nylon maker EMS Chemie’s sales dip, 2025 looks ‘challenging’ Read More »
(Reuters) -UK fresh food provider Bakkavor Group said on Tuesday it will sell its China operations for a cash consideration of about 50 million pounds ($67 million), a move that comes amidst talks for a takeover by rival Greencore. Bakkavor has about 2,300 employees in China, where it earned revenue of 105 million pounds in …
Waitrose supplier Bakkavor sells China operations in $67 million deal Read More »
By Jacob Gronholt-Pedersen and Emma Rumney COPENHAGEN/LONDON (Reuters) – Danish brewer Carlsberg reported on Tuesday a “solid” start to the year in China but warned that U.S. tariffs could affect both consumer spending and raw material costs going forward. Carlsberg, the world’s third largest brewer behind Anheuser-Busch InBev and Heineken, maintained its outlook for the …
Carlsberg maintains full-year outlook, warns of volatile consumer sentiment Read More »
By Johan Ahlander STOCKHOLM (Reuters) -Swedish banking group Swedbank reported better than expected first-quarter net profit on Tuesday, driven by lower loan losses, but said that trade conflicts had dampened economic recovery in the bank’s markets. The Nordic country’s biggest mortgage lender said net profit fell to 8.20 billion Swedish crowns ($852.7 million) from 8.43 …
Swedbank quarterly profit beats forecast despite tariff gloom Read More »
FRANKFURT (Reuters) -A global trade war could lower both economic growth and inflation in the euro zone and it could have an “unambiguously recessionary effect” on the countries involved, ECB board member Piero Cipollone said on Tuesday. Cipollone’s remarks strengthened the case for a further ECB rate cut in June and also warned about the …
Trade war may lower growth and inflation in euro zone, ECB’s Cipollone says Read More »
FRANKFURT (Reuters) -Euro zone consumers raised their inflation expectations for the coming years in March, before the U.S. imposed tariffs on most nations, launching a global trade war that could sap economic growth, a European Central Bank survey showed on Tuesday. Inflation over the next 12 months was seen at 2.9%, up from 2.6% in …
Euro zone inflation expectations rise, ECB survey shows Read More »
(Reuters) -Spain’s economic growth slowed down slightly to a still solid 0.6% in the first quarter, staying well ahead of euro zone peers, as the construction and services sectors lost some steam, the National Statistics Institute (INE) said on Tuesday. The growth was lower than a revised 0.7% in the previous three-month period, INE’s preliminary …
Spain’s quarterly growth slows down, still solid at 0.6% Read More »
By Gergely Szakacs BUDAPEST (Reuters) -Central Europe has limited fiscal space to offset the economic hit from tariffs given high deficit levels across much of the export-reliant region, which must find new engines for growth amid a shake-up of the world economy, Moody’s Analytics said. Despite low direct exports to the U.S., central Europe is …
Central Europe must diversify to mitigate tariff hit, Moody’s Analytics Read More »
LONDON (Reuters) – BP’s strategy and sustainability chief Giulia Chierchia, the key architect of the group’s ill-fated foray into renewables, will step down on June 1, the company said on Tuesday. Activist investor Elliott had demanded her exit alongside other structural changes at the company to improve accountability, according to a source. Chierchia will leave …
BP strategy chief Chierchia to leave in June after Elliott pressure Read More »
