By Anandita Mehrotra and Chandini Monnappa Britain’s Halfords on Tuesday named gambling firm Rank Group’s former chief Henry Birch its new CEO, and the provider of motoring and cycling products and services said it expects 2025 profit to come in at the upper end of its forecast range. That sent shares up 12.7% to 140 …
UK’s Halfords appoints new CEO, expects 2025 profit at high end of forecast Read More »
(Reuters) -German consumer goods maker Beiersdorf, the first European large-cap global health and personal care company to report first-quarter results, on Tuesday posted group sales marginally ahead of market expectations. Analysts at Bernstein said the results were “surprisingly robust,” as the company’s sales rose 3.6% organically to 2.69 billion euros ($3.05 billion), compared to analysts’ …
Nivea-maker Beiersdorf posts marginal first-quarter sales beat Read More »
WARSAW (Reuters) – Polish companies must receive 53 billion zlotys ($14.05 billion)from the value of building Poland’s first nuclear plant, Prime Minister Donald Tusk said after calling for “repolonisation” of the Polish economy. Poland is working to reduce its reliance on coal and chose Westinghouse Electric to build its first nuclear plant on the Baltic …
Polish companies to earn $14 billion from building first nuclear plant, PM says Read More »
By Simon Johnson STOCKHOLM(Reuters) -Sweden’s government will raise spending by around 11.5 billion Swedish crowns ($1.18 billion) this year, on top of an earlier planned 60 billion-crown-boost, to offset a hit to growth from a trade war launched by U.S. President Donald Trump. Sweden’s economy has struggled over the last couple of years but had …
Swedish government boosts spending as trade war hits growth Read More »
(Reuters) – British recruiter Robert Walters said on Tuesday that U.S. tariffs would likely further dent the hiring market in the near term as it reported a 16% drop in the first-quarter income it earns from fees and consulting services. The warning comes just a week after peer PageGroup withheld its financial forecast and implemented …
UK’s Robert Walters warns tariffs to compound hiring woes Read More »
By Nathan Vifflin (Reuters) -Applied Materials has bought a 9% stake in BE Semiconductor industries (BESI), the U.S.-based computer chip equipment supplier said on Monday. The transaction makes it the largest shareholder of the Dutch company making advanced semiconductors packaging tools, above Blackrock Institutional Trust, according to LSEG data. BESI’s shares rose 9% in early …
Applied Materials becomes largest shareholder of advanced packaging firm BESI Read More »
(Reuters) -British sportswear and fashion group Frasers Group said it had raised its stake in Australian footwear retailer Accent Group to 19.57% and signed a 25-year deal to launch and operate Sports Direct in Australia and New Zealand. Frasers Group, which is majority owned by billionaire Mike Ashley, is one of the world’s largest retailers …
Britain’s Frasers Group to launch Sports Direct in Australia, New Zealand Read More »
(Reuters) – German wholesale prices rose by 1.3% in March compared with the same month last year, according to data released on Tuesday. Wholesale prices decreased by 0.2% on the month, the federal statistics office reported. The office offers more detailed economic data on its website. (Reporting by Simon Ferdinand Eibach, editing by Rachel More)
By John Revill ZURICH (Reuters) -Swiss construction chemicals maker Sika said on Tuesday the U.S. building market was “unsettled” in March, an early sign of the impact of President Donald Trump’s unpredictable tariff policies. Sika said it was not directly affected by trade barriers, but pointed to increased market concerns from potentially lengthy trade conflicts. …
Sika says US construction sector unsettled by Trump trade policy Read More »
(Reuters) – Consumer price inflation in France was stable in March, in line with analysts’ expectations and the preliminary reading, statistics office INSEE said on Tuesday. France’s harmonized inflation rate, adjusted for comparison with other euro zone countries, was 0.9% year-on-year in March, INSEE said. Analysts in a Reuters poll had on average expected the …
French consumer inflation confirmed at +0.9% y/y in March Read More »
