(Reuters) – Growth across Britain’s services companies slowed by less than first thought in June but it still ebbed to a seven-month low, according to a survey on Wednesday that pointed to modest economic growth momentum for the incoming government. The S&P Global UK Services Purchasing Managers Index fell in June to 52.1 from 52.9 …
UK services growth cools, but by less than first feared, PMI shows Read More »
LONDON (Reuters) – Overall business growth across the euro zone slowed sharply last month as a solid expansion in the bloc’s dominant services industry failed to offset a further deterioration in manufacturing, a survey showed on Wednesday. HCOB’s composite Purchasing Managers’ Index for the currency union, compiled by S&P Global and seen as a good …
Euro zone business growth slowed sharply in June, PMI shows Read More »
LONDON/MADRID (Reuters) – Scranton Enterprises, an entity tied to the Grifols family, said on Tuesday it has reached an agreement with a private investor to refinance 377 million euros ($404.5 million) in debt of one of its units. Spanish drugmaker Grifols’ market value has shed billions of euros since short-sheller Gotham City Research released a …
Unit of Grifols shareholder Scranton reaches debt refinancing deal Read More »
By Aby Jose Koilparambil (Reuters) -British tile retailer Topps Tiles said on Wednesday challenging market conditions had persisted into the second half of the fiscal year amid weakness in the home repair and sales segments, sending shares 4.2% lower in morning trade. Shares in Britain’s largest tile retailer hit an over 19-month low of 38 …
UK’s Topps Tiles flags persistently tough market, shares slump Read More »
SYDNEY (Reuters) – New Zealand on Tuesday signed trade deals with Switzerland, Costa Rica and Iceland to remove tariffs on hundreds of environmental products, in a move Wellington says will address climate change and sustainability challenges. The Agreement on Climate Change, Trade and Sustainability (ACCTS) will especially benefit New Zealand’s wool industry, Trade and Agriculture …
New Zealand signs environmental trade deal with Switzerland, Costa Rica and Iceland Read More »
By Pietro Lombardi MADRID (Reuters) – Clear rules defining green energy are necessary to tackle misleading or exaggerated climate-friendly claims, the chief executive of Spain’s Iberdrola Renovables Energia said at the Future Energy Summit in Madrid on Tuesday. “We have to be very careful with greenwashing,” said Julio Castro, whose company is the renewables arm …
By Kate Abnett BRUSSELS (Reuters) -The European People’s Party, the biggest lawmaker group in the European Parliament, will seek to weaken the bloc’s planned 2035 phase-out of CO2-emitting cars, a draft document showed. The EPP won the biggest share of any lawmaker group in last month’s European Parliament elections with 188 out of the total …
Biggest EU lawmaker group wants 2035 combustion car ban revised, draft shows Read More »
SAN FRANCISCO (Reuters) -Rivian denied a media report on Tuesday that said the U.S. electric vehicle company was in early talks with Volkswagen to extend their partnership beyond a recently announced software joint venture. Shares of Rivian dipped 1.5% in extended trade. German newspaper Handelsblatt reported, citing people familiar with the matter, that an extended …
EV maker Rivian denies media report on production talks with VW Read More »
By Huw Jones LONDON (Reuters) -The European Union’s insurance watchdog on Tuesday set out a common, proportionate approach to supervising ‘captive’ insurers as member states increasingly compete with each other to attract operators from offshore locations such as Bermuda. Captives refer to companies setting up in-house licensed insurers to cover some of their risks more …
EU watchdog seeks fair competition in attracting ‘captive’ insurers Read More »
By Hyunjoo Jin, Akash Sriram (Reuters) -Tesla on Tuesday reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, as the electric carmaker’s price cuts and incentives helped mitigate cooling demand. Shares of the world’s most valuable automaker rallied more than 10% on Tuesday, hitting the highest level in nearly six months. The …
Tesla’s quarterly deliveries fall less than expected; shares rally Read More »
