By Sruthi Shankar, Khushi Singh and Pranav Kashyap (Reuters) -Britain’s blue-chip share index closed lower on Tuesday after defence stocks succumbed to a bout of profit-taking and offset gains in mining and oil shares that were lifted by stronger commodity prices. The FTSE 100 index of top British firms slipped 0.1%, with defence company BAE …
FTSE 100 ends down as defence stocks offset commodity gains Read More »
By Danilo Masoni MILAN (Reuters) -Germany’s Rheinmetall led European defence stocks in their biggest one-day drop in a year on Tuesday, with traders turning nervous about the sector’s record-breaking run and analysts pointing to potentially stretched valuations. Defence stocks have been among the best performers in Europe for more than three years as portfolio managers …
Rheinmetall leads slump after European defence sector’s record run Read More »
LAUSANNE, Switzerland (Reuters) – Oil prices will trade in a range of $80-$100 per barrel and global oil demand will grow by 1.9 million barrels per day in 2024, Russell Hardy, chief executive of the world’s largest energy trader Vitol, told a conference on Tuesday. (Reporting by Dmitry Zhdannikov; editing by Jason Neely)
LONDON (Reuters) – The Bank of England has appointed Ernst and Young LLP as its external auditor from the financial year ending February 2025, it said on Tuesday, following a competitive tender process. KPMG, which has been the bank’s auditors since 2006, will work with EY to enable a smooth transition, the BoE said. (Reporting …
Bank of England appoints Ernst and Young as its external auditor Read More »
By Johann M Cherian and Ozan Ergenay (Reuters) -European shares slipped on Tuesday ahead of this week’s U.S. inflation data and a European Central Bank monetary policy decision, while diagnostics firm Biomerieux was set for its best day in more than two years on a new strategic plan. The pan-European STOXX 600 index was down …
European shares dip ahead of ECB policy decision Read More »
By Nick Carey LONDON (Reuters) – German luxury automaker Porsche has partnered with ClearMotion to validate the U.S. startup’s active suspension technology and road-reading software and has signed a licensing agreement for its technology, the companies said on Tuesday. ClearMotion CEO Zack Anderson declined to say which Porsche models the company’s technology could be used …
Porsche partners with ClearMotion for its smooth suspension tech Read More »
By Huw Jones LONDON (Reuters) – Companies will have to publish standardised operating profit figures from 2027 under new requirements from a global accounting rulesetter to help end what international investor Warren Buffett has called “misleading” numbers. The International Accounting Standards Board (IASB) writes book-keeping rules used by about 50,000 companies across 147 countries, but …
Global accounting rule ends leeway over operating profit Read More »
By Mike Spector, Chris Prentice and Allison Lampert NEW YORK (Reuters) – U.S. authorities are facing fresh pressure from families of the victims of two fatal Boeing 737 MAX crashes to criminally prosecute the aerospace company following a January mid-air blowout that exposed ongoing safety issues. Victims’ representatives meeting on Tuesday and later this month …
Explainer-How Boeing’s latest crisis could imperil its 2021 DOJ crash agreement Read More »
By Nick Carey LONDON (Reuters) – U.S. firm Ascend Elements and Poland’s Elemental Strategic Metals have formed a joint venture to recycle electric vehicle batteries, with their first Polish plant already open and another plant planned in Germany, they said on Tuesday. The companies did not disclose their planned investments via the joint venture, called …
Ascend Elements, Elemental Strategic Metals form European EV battery recycling venture Read More »
BERLIN (Reuters) – Daimler Truck Group reported a 13% drop in first-quarter sales on Tuesday, as the markets normalize as expected when compared with the same quarter the year before. The company said it sold 108,911 trucks and buses in the first quarter, compared with 125,172 a year earlier. “The unit sales in Q1 2024 …
Daimler Truck Q1 sales drop 13% as markets normalize Read More »
