GDANSK (Reuters) – Parcel locker company InPost has agreed a deal with Lithuanian online marketplace Vinted to handle parcel deliveries in eight countries until the end of 2027, the company said on Wednesday. WHY IT’S IMPORTANT The agreement expands InPost’s services across Europe, supporting its strategy to grow in key e-commerce markets. Under the deal …
InPost signs deal to handle Vinted deliveries until 2027 Read More »
By Leo Marchandon and Ozan Ergenay (Reuters) -BE Semiconductor Industries (Besi), a supplier of advanced packaging tools for chipmakers, said on Wednesday its order bookings grew in the first quarter as Asian subcontractors ordered more AI-related data centre applications. Investors are banking on growing orders for Besi’s hybrid bonding solutions, a critical chip technology allowing …
Besi posts strong bookings as AI drives demand for hybrid bonding tech Read More »
Shanghai (Reuters) – The general manager of CATL’s battery swapping unit said on Wednesday at the Shanghai auto show that the company would launch 10 more new models for battery swapping with automakers including FAW, Changan, BAIC, Chery and GAC. (Reporting by Zhang Yan and Brenda Goh; Editing by Jacqueline Wong)
BERLIN (Reuters) -Business activity in Germany’s private sector has contracted this month, hurt by service sector woes and trade-related uncertainty, although manufacturers are showing some resilience, a survey showed on Wednesday. The HCOB German flash composite Purchasing Managers’ Index, compiled by S&P Global, fell to 49.7 in April from 51.3 in March, its lowest point …
Germany’s private sector slips back into contraction in April, PMI shows Read More »
By Dimitri Rhodes (Reuters) – Dulux paint maker Akzo Nobel said on Wednesday it sees a manageable cost impact from the tariff war between the U.S. and China and reported a first-quarter profit beat, citing cost reductions and higher pricing. Akzo Nobel’s shares were up 8% as of 0729 GMT, on track for their best …
Dulux paints maker Akzo Nobel sees manageable tariff impact in 2025 Read More »
By Michal Aleksandrowicz and Jakob Van Calster (Reuters) -Dutch recruiter Randstad beat first-quarter core profit estimates, as improvement in the U.S. and stabilizing conditions in most regions offset difficulties in Germany and France, pushing its shares higher by 5% in early trade. “We made some strategic moves, and that combined with our increased commercial activity, …
Recruiter Randstad beats core earnings estimates on US improvement, shares rise Read More »
(Reuters) -The United States will aim for Britain to reduce its automotive tariff from 10% to 2.5%, the Wall Street Journal reported on Tuesday, citing people with knowledge of a draft document circulated by the administration of President Donald Trump. British finance minister Rachel Reeves is due to meet Treasury Secretary Scott Bessent this week …
US will aim for UK to cut its automotive tariff to 2.5% from 10%, WSJ reports Read More »
(Reuters) -British real estate agency Foxtons reported a 24% jump in its first-quarter revenue on Wednesday, driven by a surge in buyers rushing to beat the end of the UK’s tax relief for buying new and affordable homes. The expiration of temporary tax incentives for affordable homes and first-time buyers at the end of March …
Foxtons’ quarterly revenue jumps as home buyers rush to beat tax relief deadline Read More »
(Reuters) -British engineering company Babcock said on Wednesday it expects fiscal 2025 operating profit to jump 17% to 363 million pounds ($483.2 million), comfortably beating market estimates, driven by strong performance across its divisions. The group, which maintains Britain’s naval fleet, builds new warships and makes weapon-handling systems, has struck a confident tone in recent …
UK’s Babcock forecasts 17% profit jump in fiscal 2025 on broad-based strength Read More »
OSLO (Reuters) -Oslo-listed oil and gas firm Vaar Energi on Wednesday reported a lower-than-expected operating profit for the first quarter, but said it would maintain its dividend level as it prepares for a sharp rise in output in coming months. Vaar’s earnings before interest and tax (EBIT) for the January-March quarter fell to $972 million …
Norway’s Vaar Energi Q1 operating profit lags forecast Read More »
