By Emma-Victoria Farr FRANKFURT (Reuters) -London-based buyout firm CapVest Partners is to acquire a majority stake in Stada Arzneimittel, the German generic drugmaker said on Monday, in what is set to be one of the biggest takeover deals in Europe this year. CapVest is to take a stake of around 70% in Stada in the …
CapVest to acquire majority stake in Stada, ending German firm’s IPO plans Read More »
LONDON (Reuters) -British lenders approved the most mortgages in July since January, according to Bank of England data published on Monday that added to signs of a stabilisation in the housing market after volatility caused by the end of a tax break. Banks and building societies signed off on 65,352 mortgages during the month, more …
UK lenders approved most mortgages in six months in July Read More »
By Alban Kacher and Gilles Guillaume (Reuters) -French carmaker Renault appointed former Mercedes-Benz vice president Katrin Adt as managing director of its low-cost Dacia brand, the company said on Monday, as it revamps its management team under new CEO Francois Provost. Adt will succeed Denis Le Vot. Le Vot was among the frontrunners for the …
Renault hires ex-Mercedes executive Katrin Adt to run Dacia brand Read More »
(Reuters) -Shares of Kainos jumped more than 16% on Monday after the IT software developer said it was expecting its annual outlook to be at the upper end of consensus forecasts, helped by sturdy sales in the last five months. The British company is expected to post 385 million pounds ($520.10 million) in revenue and …
By William Schomberg LONDON (Reuters) -Britain’s manufacturers suffered a fresh setback in August after signs of a recovery with new orders dropping due to worries about trade tensions abroad and tax increases at home, according to a survey published on Monday. The S&P Global/CIPS manufacturing Purchasing Managers’ Index weakened for the first time in five …
UK factories stumble as new orders fall back, PMI shows Read More »
ROME (Reuters) -Italy’s unemployment rate fell to 6.0% in July from a downwardly revised 6.2% in June, national statistics bureau ISTAT reported on Monday, as a net 13,000 jobs were created during the month. A Reuters survey of analysts had forecast a July jobless rate of 6.3%, which was the previously reported figure for June. …
Italy July jobless rate falls to 6.0%, with 13,000 jobs created Read More »
BERLIN (Reuters) -Germany’s manufacturing sector showed signs of resilience in August, with production and new orders growing at a stronger pace, although employment continued to decline, a survey reported on Monday. The HCOB final Purchasing Managers’ Index (PMI) for German manufacturing, compiled by S&P Global, rose to 49.8 in August from 49.1 in July, slightly …
German manufacturing shows signs of resilience in August, PMI shows Read More »
(Reuters) -Britain’s competition regulator on Monday launched an investigation into convenience food manufacturer Greencore’s acquisition of peer Bakkavor, setting a deadline of October 27 for a decision. The Competition and Markets Authority had said in July that it was weighing a probe into whether the 1.2 billion pound ($1.62 billion) deal could affect competition in …
UK competition watchdog begins initial probe into Greencore-Bakkavor deal Read More »
MADRID (Reuters) -Spain’s manufacturing sector experienced its fastest growth in nearly a year in August, driven by a sharp rise in output and new orders, S&P Global reported on Monday. The HCOB Spain Manufacturing Purchasing Managers’ Index (PMI) rose to 54.3 in August, up from 51.9 in July, marking the fastest expansion since last October, …
Spain’s manufacturing growth at fastest pace in 10 months in August, PMI shows Read More »
STOCKHOLM (Reuters) -Registrations of new Tesla cars in Sweden fell 84% in August from a year earlier, to 210 vehicles, data from Mobility Sweden showed on Monday. (Reporting by Anna Ringstrom, editing by Stine Jacobsen)
