LONDON (Reuters) – British supermarket group Morrisons on Tuesday reported an improved performance for its second quarter with underlying sales up 4.1%, which it said partly reflected more competitive prices. The group, owned by U.S. private equity firm Clayton, Dubilier & Rice since 2021, said underlying earnings, excluding its fuel business, increased 16% to 321 …
UK supermarket Morrisons Q2 underlying sales up 4.1% Read More »
MILAN (Reuters) – Stellantis could halt UK production unless the British government does more to stimulate demand for electric vehicles or offset its existing EV mandates, the automaker’s top UK executive said on Tuesday. Speaking at an auto industry event, Maria Grazia Davino said that a decision on the future of the company’s UK production …
Stellantis mulls halting UK production amid EV demand concerns Read More »
By Jesus Calero and Shashwat Chauhan (Reuters) -European shares declined on Tuesday as Airbus tumbled after a profit warning and dragged down aerospace-related stocks, while technology shares slumped tracking the overnight selloff on Wall Street. The continent-wide STOXX 600 fell 0.3% by 0819 GMT. Airbus tumbled nearly 11%, and was among the biggest drags on …
European shares fall as Airbus hammers aerospace shares, tech slips Read More »
VIENNA (Reuters) – The Austrian property tycoon Rene Benko’s Tyrolean villa is being searched by police who are looking for documents related to ongoing investigations, Benko’s lawyer said on Tuesday. Prosecutors have placed Benko under investigation on suspicion of fraud following the collapse of Signa property empire in what became the biggest casualty of Europe’s …
Austrian tycoon Benko’s villa searched by police in probe, lawyer says Read More »
BERLIN (Reuters) – The German government no longer expects the cabinet to reach an agreement on the 2025 draft budget by a July 3 deadline, government sources told Reuters on Tuesday. July 17 is now being considered as the new date, which would mean that all deadlines for submitting the draft budget to the Bundestag …
Decision on Germany’s 2025 budget postponed, say government sources Read More »
(Reuters) -Australia’s Macquarie Group said on Tuesday its European infrastructure fund will sell its 40% stake in Italian energy firm Hydro Dolomiti Energia (HDE) to a consortium in a deal valuing HDE at about 1 billion euros ($1.07 billion). The consortium is led by global investor Equitix’s Euro Funds and includes energy infrastructure investor and …
Macquarie fund to sell stake in Italy’s Hydro Dolomiti Energia Read More »
AMSTERDAM (Reuters) – The Ilva steel plant in the Italian city of Taranto should be shut down if it poses serious and significant threats to the environment and human health, the European Court of Justice said on Tuesday. “Where there are serious and significant threats to the integrity of the environment and human health … …
Ilva steel plant should be closed if it is a health hazard, EU court says Read More »
(Reuters) -AstraZeneca’s blockbuster cancer drug Imfinzi has failed as a follow-up therapy to improve disease-free survival in a late-stage trial in patients with a type of early-stage lung cancer, the group said on Tuesday. Imfinzi is a human monoclonal antibody, which works to block a tumour’s ability to evade and dampen the immune system, while …
AstraZeneca’s Imfinzi fails in late-stage trial to treat certain lung cancers Read More »
(Reuters) – Bitcoin dropped 7.8% to $59,215 at 8:50 pm GMT on June 24. (Reporting by Harshita Meenaktshi in Bengaluru)
PARIS (Reuters) -Airbus on Monday lowered its 2024 total delivery target to around 770 airplanes from around 800 and pushed back a targeted deadline for reaching production of 75 narrow-body airplanes per month to 2027 from 2026. In a fresh blow to its troubled space activities, Europe’s largest aerospace group also announced fresh charges of …
Airbus cuts delivery target and delays jet production goal Read More »
