By Andy Bruce (Reuters) – British manufacturers grappling with falling output and fading growth in new orders see better days ahead, helped by a more stable political environment after the landslide election win for the Labour Party, a survey showed on Monday. Industry body Make UK and accountants BDO said their gauge of factory output …
UK’s embattled manufacturers see brighter days, Make UK/BDO survey shows Read More »
HELSINKI (Reuters) – Finland’s recovery from recession remains slow and difficult, the country’s central bank said on Monday when it repeated its forecast for a shrinking economy in 2024. The central bank kept its 2024 gross domestic product (GDP) estimate unchanged for a 0.5% contraction, mirroring its June forecast. It also revised its GDP growth …
Slow recovery from recession keeps burdening Finland, the central bank says Read More »
PARIS (Reuters) – France’s CFDT trade union said on Monday that it is keeping all options open for protests at Exxon Mobil sites in France over the future reorganisation of the company’s Port Jerome facilities. CFDT would be joining the hardline CGT union that has been on strike at the Port Jerome site for 125 …
France’s CFDT union keeps options open for Exxon Mobil protests Read More »
HANNOVER (Reuters) – Daimler Truck will start producing its first fully-electric heavy truck Mercedes-Benz eActros 600 in November this year, the bus and truckmaker said on Sunday. Daimler Truck received 2,000 orders for the eActros600 after sales began at the end of last year. It did not disclose the battery-electric truck’s purchase price, but has …
Daimler Truck to start series production of fully-electric heavy truck Read More »
By Anirban Sen (Reuters) -QXO, the company billionaire Brad Jacobs is seeking to launch into building services, recently made an offer of around $9.4 billion to acquire Rexel that the French company on Sunday said it had rebuffed. QXO’s preliminary offer of as much as 28.40 euros a share “significantly undervalues the company and does …
Exclusive-France’s Rexel rebuffs $9.4 billion offer from Brad Jacobs-led QXO Read More »
(Reuters) – Italian energy engineering group Saipem said on Sunday it had won an offshore contract worth $4 billion from QatarEnergy, one of the world’s top suppliers of liquefied natural gas (LNG). The contract will help boost production at QatarEnergy’s North Field offshore natural gas field, which lies off the northeastern coast of Qatar, Saipem …
Saipem wins $4 billion contract from QatarEnergy Read More »
By David Milliken LONDON (Reuters) – British businesses are worried that greater protections for employees planned by the newly elected Labour government will make it more risky to hire new staff, the Confederation of British Industry (CBI) said on Sunday. Labour pledged in its election campaign to require employers to offer all staff parental leave, …
UK firms fear tougher employment regulation, CBI says Read More »
(Reuters) -Canada’s ABC Technologies Holdings proposed a revised buyout of London-listed automotive components supplier TI Fluid Systems at 176 pence ($2.31) per share on Sept. 4, the companies said on Saturday. Canada-based manufacturer ABC said TI Fluid’s board had rejected the offer. ABC added it remains interested in a possible transaction and is considering its …
Canada’s ABC Technologies proposes revised buyout of UK’s TI Fluid Read More »
By Klaus Lauer (Reuters) -German billionaire Mathias Doepfner and KKR reached a fundamental deal in summer to split up the media giant Axel Springer, a source familiar with the situation told Reuters on Saturday. The two sides are expected to discuss the proposed structure of a deal that would give KKR majority control of the …
Axel Springer and KKR reached fundamental deal in summer, source said Read More »
By Krystal Hu and Kenrick Cai (Reuters) – OpenAI’s new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for …
