(Reuters) -UK tile retailer Topps Tiles TPT.L said on Wednesday it expected its annual cost base to rise by about 4 million pounds ($5.2 million) from April due to national living wage and insurance expenses, after posting a 4% rise in half-year sales. Full-year profit for 2023/24 was 6.3 million pounds. Shares in the company …
UK’s Topps Tiles sees $5.2 million annual cost hike from new wage expenses Read More »
ROME (Reuters) – The effect of U.S. tariffs on Italian companies will be massive, the head of national industry lobby Confindustria said on Wednesday, calling for Europe to negotiate with President Donald Trump and avoid further escalation. Trump was poised to impose sweeping new reciprocal tariffs on global trading partners on Wednesday, upending decades of …
Trump tariffs will have massive effect on Italian companies, business lobby warns Read More »
STOCKHOLM (Reuters) -Volvo Cars sold 70,737 cars in March, down 10% from a year earlier as sales of fully electric cars tumbled, the Sweden-based company said on Wednesday, sending its shares down. Volvo Cars, which is majority-owned by China’s Geely, said in a statement sales in Europe were down 9% while in the United States …
Volvo Cars sales fall 10% in March as fully electric sales dive Read More »
By Michal Aleksandrowicz (Reuters) -BDL Capital Management considers the price Prosus offered for Just Eat Takeaway.com to be unfair to minority shareholders, the Paris-based asset manager said in a report on Tuesday. In late February, the Dutch technology investor agreed to buy Just Eat Takeaway for 20.3 euros per share to create a “European tech …
BDL says Prosus’ offer for Just Eat Takeaway is unfair to minority shareholders Read More »
DUBLIN (Reuters) – Ryanair flew 200.2 million passengers in its fiscal year to the end of March, largely as forecast, making it the first European airline to carry 200 million passengers in one year. Ryanair said at the end of January that it expected its annual traffic to reach almost 200 million, up 9% year-on-year. …
Ryanair becomes first European airline to fly 200 million passengers in a year Read More »
OSLO (Reuters) – Denmark’s A.P. Moller Holding (APMH) said on Wednesday it has made an cash offer of 9 billion Danish crowns ($1.30 billion) for towage and marine service provider Svitzer, a 31.7% premium to Tuesday’s closing share price in Copenhagen. APMH, which spun off Svitzer in April of last year in an initial public …
Denmark’s APMH bids $1.3 billion for tugboat group Svitzer Read More »
By Nora Eckert ST. CLAIR, Michigan (Reuters) – Walking through a Michigan plant past whirring robotic arms and flying sparks, Swamy Kotagiri, the CEO of Canada-based auto supplier Magna reflected on how he is trying to “control the uncontrollable” in the midst of industry-shaking tariffs. “We’ve had a series of black-swan events,” Kotagiri said. “Our …
How one of the largest auto suppliers in the world is preparing for Trump’s tariffs Read More »
BERLIN (Reuters) – The German economy will recover from its prolonged period of weakness very slowly, growing by only 0.2% this year, according to the new forecasts of Germany’s banks’ association, seen by Reuters on Wednesday. The association had previously forecast growth of 0.7% for this year in its forecasts published in September. The economy …
German economy expected to recover only slowly, banks association says Read More »
By Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) -The White House confirmed on Tuesday that President Donald Trump will impose new tariffs on Wednesday, though it provided no details about the size and scope of trade barriers that have businesses, consumers and investors fretting about an intensifying global trade war. Trump has for weeks trumpeted April …
White House says Trump will go ahead with tariffs as nervous world awaits trade war Read More »
LONDON (Reuters) – Pay awards granted by British employers cooled during the three months to February, according to a survey that chimed with an official gauge of slowing wage growth that should keep the Bank of England on track to reduce borrowing costs later this year. Incomes Data Research said on Wednesday that the median …
UK pay awards lowest in three years, IDR survey shows Read More »
