By Prerna Bedi (Reuters) -British cardboard maker DS Smith said on Tuesday it was reducing prices for its packages as it benefits from easing raw material costs and customers re-stocking their inventories. “Cost of raw materials and energy has fallen quite a bit over the last year, so the price of our packaging is actually …
UK’s DS Smith cuts prices as costs ease and customers re-stock Read More »
By David Milliken LONDON (Reuters) – Business activity in Britain’s services sector fell last month for the first time since January as higher interest rates reduced consumer and corporate demand, a survey showed on Tuesday, although the drop was less than initially estimated. The S&P Global/CIPS Purchasing Managers’ Index (PMI) for Britain’s services sector dropped …
UK PMI survey shows sharpest business slowdown in 7 months Read More »
LONDON (Reuters) – The decline in euro zone business activity accelerated faster than initially thought last month as the bloc’s dominant services industry fell into contraction, according to a survey which suggests the bloc could drop into recession. HCOB’s final Composite Purchasing Managers’ Index (PMI), compiled by S&P Global and seen as a good barometer …
Euro zone August downturn deeper than was thought -PMIs Read More »
(Reuters) -British North Sea-focused oil producer EnQuest reported a loss after tax for the first half of this year on Tuesday, hit by Britain’s windfall tax, sending its shares 13% lower. The company also reaffirmed its full-year production to be within its previous forecast range of 42,000 to 46,000 barrels of oil equivalent per day …
EnQuest shares nosedive after swinging to H1 loss on UK windfall tax Read More »
By Maggie Fick LONDON (Reuters) -People in Britain who can afford to pay out of their own pocket may get easier access to Novo Nordisk’s weight-loss drug Wegovy than those seeking treatment in the country’s state-run health service, some doctors and medical experts warned on Monday. That risks worsening health inequality in the country with …
Pent-up private Wegovy demand prompts UK availability concerns Read More »
By Jan Schwartz MUNICH (Reuters) – Volkswagen’s languishing share price, which is near a three-and-a-half year low, is not the result of ownership control by the Porsche and Piech families, one of its most powerful members said on Monday. Wolfgang Porsche, the grandson of Ferdinand Porsche who founded the sportscar manufacturer that still bears his …
Volkswagen’s family ownership not behind share price trough – Wolfgang Porsche Read More »
By Sruthi Shankar and Shashwat Chauhan (Reuters) -European shares ended flat on Monday as gains driven by optimism around China’s stimulus measures to revitalise its economy fizzled out, while Danish drugmaker Novo Nordisk’s shares touched record highs. The pan-European STOXX 600 index held steady at 457.96 points at close after touching near four-week highs earlier …
European shares end flat as China stimulus-driven advances falter Read More »
MUNICH (Reuters) – Stellantis-owned carmaker Opel will be able to offer an electric vehicle at a price of about 25,000 euros ($26,967) without incentives from around 2026, the brand’s CEO said on Monday. “With purely electric platforms from Stellantis, we will be able to offer prices that will allow us to touch a far wider audience,” …
Opel expects to offer electric vehicle for around 25,000 euros by 2026 Read More »
By Maggie Fick LONDON (Reuters) – Some Britons are set to be able to get Wegovy weight-loss injections after Novo Nordisk launched the drug in the UK on Monday, moving into its second major European market in just over a month despite struggling to meet soaring demand. Danish drugmaker Novo said in a statement that …
Wegovy makes UK weight-loss debut even as Novo struggles with supplies Read More »
(Reuters) – London Stock Exchange Group is looking into using blockchain to build what it described on Monday as “an end-to-end digital market ecosystem to raise and transfer capital across asset classes”. Murray Roos, head of capital markets at LSEG, earlier told the Financial Times that the London-based exchange had been examining the potential for a …
LSEG explores blockchain for cross-asset digital ‘ecosystem’ Read More »
