LONDON (Reuters) -British retailer Marks & Spencer’s food business kept up its strong sales momentum in the early weeks of the new year, with industry data showing it to be the country’s fastest growing bricks and mortar grocery retailer. Market researcher NIQ said M&S’s grocery sales rose 9.7% over the 12 weeks to Jan. 25, …
M&S’s UK food business makes strong start to new year, says NIQ Read More »
(Reuters) – Ryanair on Wednesday lost a legal battle against a state loan made to Portuguese airline TAP as the European Union’s General Court sided with the EU competition authorities who approved it. Portugal granted TAP up to 1.2 billion euros ($1.25 billion)in state aid in June 2020, to help the airline survive the COVID-19 …
Ryanair loses EU court battle over state aid to Portugal’s TAP Read More »
LONDON (Reuters) – Euro zone business activity returned to growth at the start of the year after two months of contraction as demand stabilised, a survey showed on Wednesday. HCOB’s final composite Purchasing Managers’ Index for the bloc, compiled by S&P Global and seen as a good gauge of overall economic health, rose to 50.2 …
Euro zone business activity returns to growth in Jan, PMI shows Read More »
BERLIN (Reuters) – German plant and equipment makers’ orders grew slightly in the final month of last year due to big-ticket contracts from abroad, but 2024 as a whole marked the second straight year of decline as firms wait for a turnaround, the VDMA association said on Wednesday. Overall orders from January to December 2024 …
German engineering orders decline for second year in a row, says VDMA Read More »
BERLIN (Reuters) – Germany’s service sector began 2025 on a positive note, with business activity growth reaching a six-month high and employment seeing a modest rise, a survey showed on Wednesday. The HCOB final services Purchasing Managers’ Index rose to 52.5 in January from 51.2 in December, in line with the preliminary reading. “This is …
German service sector activity accelerates, PMI shows Read More »
PARIS (Reuters) – France’s service sector contracted faster than first estimated in January, with business activity declining for the fifth consecutive month amid persistent demand weakness and political uncertainty, a survey reported on Wednesday. The HCOB France Services Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 48.2 in January from 49.3 in December, …
French service sector downturn deepens in January, PMI shows Read More »
ROME (Reuters) – Italy’s services sector grew marginally in January but underlying demand conditions remained weak and employment levels decreased, a survey showed on Wednesday. The HCOB Global Purchasing Managers’ Index for services edged down to 50.4 in January from 50.7 in December, remaining just above the 50 mark that separates growth from contraction. That …
Italian services sector growth slows, employment drops, PMI shows Read More »
By Giulia Segreti ROME (Reuters) -Norwegian Line Holdings (NCL) and Italian shipbuilder Fincantieri said on Wednesday they had agreed a deal for four new cruise liners, which a source close to the matter said was worth around 9 billion euros ($9.34 billion). Fincantieri has already built two ships for NCL and a third, called the …
Italy’s Fincantieri gets Norwegian Line cruise ship order worth $9 billion Read More »
MADRID (Reuters) – Spain’s services sector continued to expand in January, although at a slower pace than in December, as new business volumes rose sharply, according to a survey by S&P Global. The HCOB Spain Services PMI Business Activity Index recorded a solid 54.9 in January, marking the seventeenth consecutive month of growth in the …
Spain’s services sector expands in January as new business grows, PMI Read More »
LONDON (Reuters) – British investors yanked a net 640 million pounds ($799 million) from equity funds in January, ending a long run of inflows, as UK-focused funds suffered their sixth-biggest monthly net withdrawals on record, funds network Calastone said on Wednesday. After a wave of bullish sentiment in late 2024 when investors poured money into …
UK-focused funds hit hard as investors pull cash from stocks, Calastone says Read More »
