By Yadarisa Shabong and Emma Rumney (Reuters) -Carlsberg has agreed to buy British soft drinks maker Britvic for 3.3 billion pounds ($4.23 billion), a move the Danish brewer said would forge a UK beverage “powerhouse” and that sent both companies’ shares higher. Carlsberg clinched the takeover with a sweetened bid of 1,315 pence per share …
Carlsberg to acquire Britvic with sweetened $4.2 billion offer Read More »
By Purvi Agarwal and Roshan Abraham (Reuters) – London stocks began the week on a muted note, with resource shares edging lower and investors awaiting fresh economic data, while gains in non-life insurers helped cushion the market from steeper losses. The blue-chip FTSE 100 was down 0.1% at 8,193.49,while the mid-cap FTSE 250 was flat …
London stocks subdued as non-life insurers offset resource sector slide Read More »
(Reuters) – German truck maker Daimler Truck reported a 15% drop in second quarter sales on Monday, pointing to a market normalization for its truck division. The company sold 112,195 vehicles in the second quarter, compared with 131,888 a year earlier, it said in a statement. Sales of electric vehicles rose by 69% compared with …
By Chris Prentice, Mike Spector and David Shepardson NEW YORK/WASHINGTON (Reuters) -Boeing has agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million to resolve a U.S. Justice Department investigation into two 737 MAX fatal crashes, the government said in a court filing on Sunday. The plea deal, …
Boeing to plead guilty to fraud in US probe of fatal 737 MAX crashes Read More »
FRANKFURT (Reuters) – Investor morale in the euro zone broke an eight-month streak of improvements with a bigger-than-expected decline in July, a survey showed on Monday, describing the results as a “bitter setback”. Sentix’s index for the euro zone fell to -7.3 points for July from 0.3 in June, putting the barometer firmly back in …
Euro zone investor morale drops, breaking streak of gains in “setback” Read More »
(Reuters) – Germany’s chemical industry recorded sales of 112 billion euros ($121 billion) in the first half of 2024, down 1% from 114 billion euros last year, as the mood in the industry remains cautious, industry lobby VCI said on Monday. The chemicals sector, Germany’s third-largest industry that employs roughly half a million workers, continues …
Germany’s VCI says chemical industry’s half-year sales fall 1%, confirms outlook Read More »
By Shubham Batra (Reuters) -European shares gained on Monday after erasing early losses as investors moved past the initial shock from election results in France, which is facing a hung parliament with a leftist alliance unexpectedly taking the top spot. The pan-European STOXX 600 index edged 0.4% higher, led by gains in construction and materials …
European shares climb as investors undeterred despite French polls outcome Read More »
FRANKFURT (Reuters) – Porsche is sticking to its guns in its transition to electric vehicles, bringing forward the end of production of some internal-combustion models, the carmaker’s head of production told magazine Automobilwoche. Porsche executive board member Albrecht Reimold said that the petrol-powered version of SUV model Macan for non-European markets would be produced no …
Porsche stops production of some combustion models early Read More »
DUBAI (Reuters) -The number of homes worth $10 million or more that were sold in Dubai held steady in the first half of the year despite a drop in listings, an industry report showed on Monday, as demand from the international ultra-rich stayed strong. A total of 190 homes worth an overall $3.2 billion were …
Dubai’s high-end property sales undented by drop in listings, consultancy says Read More »
By Harry Robertson, Alun John and Dhara Ranasinghe LONDON (Reuters) -French shares and bond prices turned higher in early trading on Monday after initial falls as investors digested elections which left France facing a hung parliament and the prospect of taxing negotiations to form a government. A surprise left-wing surge in Sunday’s election blocked Marine …
French asset prices swing as investors grapple with election result Read More »
