Reuters UK Business Archives - Page 1811 of 3179

Italy’s Marcolin to produce, distribute Abercrombie & Fitch glasses from 2025

16 Sep 2024 16 Sep 2024

MILAN (Reuters) – Italian eyewear maker Marcolin signed an exclusive multi-year licensing agreement with Abercrombie & Fitch to produce and distribute sunglasses and optical frames for the US fashion retailer, the two companies said in a joint statement on Monday. Spring and summer collections – for the Abercrombie, abercrombie Kids and Hollister brands – will …

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Central Europe factories and retailers shut in flood-hit areas

16 Sep 2024 16 Sep 2024

By Jan Lopatka PRAGUE (Reuters) – Factories and stores across central Europe shuttered production lines and closed their doors on Monday due to flooding that has killed at least 10 people, forced tens of thousands of evacuations and submerged towns from Poland to Romania. In Ostrava – an industrial city of 290,000 people in northeast …

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Europe’s STOXX 600 inches up at start of action-packed week, with Fed in focus

16 Sep 2024 16 Sep 2024

By Shubham Batra (Reuters) -European shares were subdued at the start of a data-packed week, the highlight of which will be the Federal Reserve starting its long-awaited monetary-easing cycle, with many investors leaning towards a bigger-than-expected rate reduction. The pan-European STOXX 600 index was up 0.1%, with most major European markets trading higher, except for …

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UK’s embattled manufacturers see brighter days, Make UK/BDO survey shows

16 Sep 2024 16 Sep 2024

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 …

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Slow recovery from recession keeps burdening Finland, the central bank says

16 Sep 2024 16 Sep 2024

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 …

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France’s CFDT union keeps options open for Exxon Mobil protests

16 Sep 2024 16 Sep 2024

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 …

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Daimler Truck to start series production of fully-electric heavy truck

15 Sep 2024 15 Sep 2024

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 …

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Exclusive-France’s Rexel rebuffs $9.4 billion offer from Brad Jacobs-led QXO

15 Sep 2024 15 Sep 2024

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 …

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Saipem wins $4 billion contract from QatarEnergy

15 Sep 2024 15 Sep 2024

(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 …

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UK firms fear tougher employment regulation, CBI says

15 Sep 2024 15 Sep 2024

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, …

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