Reuters UK Business

By Francesca Landini MILAN (Reuters) -Italian energy group Eni said on Monday it had set up a new company dedicated to sustainable transport, which would develop bio-refining, biomethane and offer mobility products and services in Italy and abroad. The move is part of Eni’s broader strategy to extract value from its diverse range of businesses …

Italy’s Eni sets up sustainable transport services company Read More »

By Victoria Klesty OSLO (Reuters) -Four out of five new cars sold in Norway in 2022 were battery powered, led by Tesla, but some in the industry say new taxes could thwart the country’s goal of becoming the first to end the sale of petrol and diesel automobiles by 2025. Elon Musk’s electric-only Tesla Inc. …

Tesla in pole position in Norway’s race to EV goal Read More »

(Reuters) – Germany’s Rheinmetall has won an order worth more than a quarter billion euros in the electromobility segment, the industrial group said in a statement on Monday. Rheinmetall said it would be providing the new 900-volt generation of electrically powered vehicles with a new type of contactor to a premium German automaker. Contactors are …

Rheinmetall wins quarter-billion euro order for e-vehicle parts Read More »

LONDON (Reuters) – The downturn in euro zone manufacturing activity has likely passed its trough as supply chains begin to recover and inflationary pressures ease, a survey showed on Monday, leading to a rebound in optimism among factory managers. S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) bounced to 47.8 in December from November’s 47.1, …

Darkest days likely over for euro zone factories, Dec PMIs show Read More »

BERLIN (Reuters) – Fading supply chain problems helped ease the downturn in Germany’s manufacturing sector in December, although weaker demand continues to weigh on sentiment, a survey showed on Monday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, rose to 47.1 from November’s 46.2. While …

Fading supply problems ease downturn in German manufacturing -PMI Read More »

PARIS (Reuters) – France’s manufacturing sector contracted less than first thought in December, a survey showed on Monday, even though inflationary pressures continued to weigh on the euro zone’s second-biggest economy. S&P Global’s final December purchasing managers index (PMI) came in at 49.2 points, just below the 50 mark that denotes growth in activity. The …

French manufacturing contraction not as deep as forecast in Dec – final PMI Read More »

MADRID (Reuters) – Factory activity in Spain shrank for the sixth month in a row in December, albeit at a slower pace than the previous month as easing inflation and stronger business confidence provided hope for a stabler period ahead, a survey showed on Monday. S&P Global’s Purchasing Managers’ Index (PMI) for manufacturing inched up …

Spanish manufacturing output down for 6th straight month in Dec -PMI Read More »

PARIS (Reuters) -Shares in French IT group Atos rallied on Monday, after newspaper Les Echos reported Airbus had started “exploratory talks” to take a minority share in the firm’s cybersecurity unit, citing unnamed sources. Airbus said in an emailed statement that it would not comment on speculation, adding “we are in constant discussion with our …

Airbus interested in minority share in Atos’s Evidian – Les Echos Read More »

LONDON (Reuters) – Britain said on Monday its 75-million-pound ($90.5 million) fund aimed at helping boost domestic production of nuclear fuel for power plants and cutting reliance on Russian uranium supplies was now open for applications. The fund, announced in July, will award grants to businesses involved in uranium conversion, a key stage in the …

Britain opens nuclear fuel fund with aim to cut reliance on Russia Read More »