(Reuters) -Tesla’s new car sales in Spain rose 3.4% in September from the same month in 2024 to 2,992 vehicles, registration data released by industry group ANFAC showed on Wednesday. Between January and September, sales of Tesla cars in Spain increased 9.5% from the same period a year earlier, while total sales of electrified vehicles, …
New Tesla sales in Spain rise 3.4% in September, other EV sales surge Read More »
PARIS (Reuters) -French supermarket group Casino and its former chief executive, Jean-Charles Naouri, will stand trial in Paris on Wednesday over accusations of price manipulation and corruption. Prosecutors have alleged that Naouri paid a publisher in 2018-2019 to release information defending Casino in a bid to bolster the share price, which had tumbled in 2018 …
Casino and its former CEO to stand trial over price manipulation, corruption in France Read More »
AMSTERDAM (Reuters) -Dutch pension fund ABP has sold its entire stake in U.S. construction equipment-maker Caterpillar on ethical grounds, it said on Wednesday. ABP, the largest pension fund in the Netherlands with around 524 billion euros ($615.44 billion) in total assets, previously held around 387 million euros in Caterpillar shares. The fund referred to the …
Dutch pension fund ABP sells stake in Caterpillar Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -U.S. President Donald Trump’s import tariffs have breathed life into dormant free trade talks across the globe and driven alliances at an unrivalled pace between partners seeking to offset lost exports to the United States. Since Trump’s re-election last November, the European Union has struck three free trade agreements – …
Analysis-Hit by Trump tariffs, rest of world races to forge new trade alliances Read More »
By Amanda Cooper LONDON (Reuters) -The pound rose against the dollar on Wednesday, as the U.S. currency came under broad pressure after the government in Washington DC shut down over funding to add to investor caution around U.S. assets. The shutdown carries the risk of delaying key economic reports that filter into the Federal Reserve’s …
Sterling edges up, dollar hobbled by US shutdown Read More »
FRANKFURT (Reuters) -The European Central Bank will propose reducing the number of capital buffers that banks have to hold and introducing simpler rules for smaller lenders, the ECB’s vice-president Luis de Guindos said on Wednesday. De Guindos is leading the ECB’s efforts to ease rules for euro zone banks, which have been complaining that they …
ECB backs fewer bank buffers, simpler rules for small lenders, de Guindos says Read More »
By James Davey LONDON (Reuters) -British baker and fast-food chain Greggs reported a further slowdown in underlying sales growth in its latest quarter, blaming July’s hot weather for weaker trading before a recovery in August and September. Shares in the group, best known for its sausage rolls, steak bakes, vegan alternatives and sweet treats, did, …
Britain’s Greggs blames July heat for sales growth slowdown Read More »
(Reuters) -British food ingredients maker Tate & Lyle warned on Wednesday that its annual profit and revenue would fall due to a demand slowdown in the Americas, its key market, knocking its shares to levels not seen since 2009. The company has over the past year seen soft demand in the bakery sector in North …
UK’s Tate & Lyle cuts profit outlook as demand slows in Americas Read More »
By David Milliken LONDON (Reuters) -British manufacturing activity shrank at the fastest pace in five months in September, reflecting subdued domestic demand and fewer export orders, according to a survey on Wednesday that painted a more downbeat picture than recent official data. The S&P Global Purchasing Managers’ Index for Britain’s manufacturing sector fell to 46.2 …
UK manufacturing shrinks at fastest pace in 5 months, PMI shows Read More »
LONDON (Reuters) -Euro zone manufacturing activity slipped back into contraction in September as new orders fell at their fastest rate in six months, signaling the recovery in the region’s industrial sector was fragile, a survey showed on Wednesday. The HCOB Eurozone Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 49.8 in September …
Euro zone manufacturing returned to contraction in September, PMI shows Read More »
