Reuters UK Business

LONDON (Reuters) – British manufacturing activity growth slowed last month from May’s 22-month high as ongoing disruption to shipping in the Red Sea contributed to lower demand from overseas customers, a survey showed on Monday. S&P Global’s UK Manufacturing Purchasing Managers’ Index dropped to 50.9 in June from 51.2 in May. The final reading was …

UK manufacturing growth slows as shipping delays hit exports, PMI shows Read More »

By Maria Martinez BERLIN (Reuters) – Inflation fell in five important German states in June, preliminary data showed on Monday, suggesting that national inflation could decline this month. In Saxony, the inflation rate fell in June to 2.8% from 3.1% in the previous month, in Brandenburg it fell to 2.6% from 2.9%, in Baden-Wuerttemberg it …

Inflation down in five German states, pointing to national decline Read More »

LONDON (Reuters) – Manufacturing activity across the euro zone took a turn for the worse last month as demand fell at a much faster pace despite factories cutting their prices, a survey showed. HCOB’s final euro zone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 45.8 in June from May’s 47.3, just …

Euro zone factory activity decline deepens in June, PMI shows Read More »

By Maria Martinez BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s biggest economy, experienced a fresh setback in June as output and new orders declined at a faster pace, a survey showed on Monday. The HCOB final Purchasing Managers’ Index (PMI) for German manufacturing fell to …

Downturn in German manufacturing suffers fresh setback, PMI shows Read More »

WASHINGTON (Reuters) – Boeing agreed on Sunday to acquire Spirit Aerosystems for $37.25 per share, in an all-stock deal that values the supplier at more than $4 billion, according to two sources familiar with the matter. (Reporting by Mike Stone, Allison Lampert and Tim Hepher; Editing by Joe Brock)

By Yoruk Bahceli and Amanda Cooper LONDON (Reuters) – The euro edged higher on Sunday as the first round of France’s shock snap election put the far-right in first place, but gave investors little further clarity on the final outcome. Marine Le Pen’s National Rally (RN) emerged ahead in the first round, confirming expectations. But …

Euro gains after France far-right win first round vote Read More »

PARIS (Reuters) -French technology company Atos (ATOS.PA) reached an agreement with a group of banks and bondholders on terms for its debt restructuring, the company said on Sunday. The restructuring plan involves a 233-million-euro ($250 million) contribution via a capital increase with preferential subscription rights, it said in a statement. About 2.8 billion euros of …

Atos reaches deal with creditors on debt restructure terms Read More »

FRANKFURT (Reuters) – Deutsche Bank said on Sunday that it was appointing Laura Padovani to the management board responsible for compliance and for preventing financial crime, adding a woman to the German lender’s male-dominated top ranks. The promotion of Padovani, who joined Deutsche last year as chief compliance officer, will make her the second female …

Deutsche Bank appoints Laura Padovani to management board Read More »