BUDAPEST (Reuters) -Hungary’s manufacturing activity contracted in August with most sub-indices showing a decline, data from the country’s Association of Logistics, Purchasing and Inventory Management showed on Monday. The group’s seasonally adjusted purchasing managers’ index (PMI) edged down to 48.9 in August from a revised reading of 50.5 in July, and fell below the 50 …
Hungarian manufacturing PMI drops to 48.9 in August Read More »
PARIS (Reuters) -If U.S. President Donald Trump removed Federal Reserve Chairman Jerome Powell or Fed governor Lisa Cook, then this would represent a “very serious danger for the U.S. economy and the world economy”, the European Central Bank President Christine Lagarde said on Monday. Speaking to French broadcaster Radio Classique in an interview, Lagarde said: …
ECB’s Lagarde warns of risk to world economy via Trump interference on Fed Read More »
(Reuters) -Britain’s Domino’s Pizza Group reaffirmed its annual earnings forecast and launched a 20 million-pound ($27 million) share buyback programme on Monday. Last month, the company cut its 2025 core profit forecast to 130 million-140 million pounds, down from 141 million-150 million pounds, citing high costs and subdued customer demand. Consumers in UK are tightening …
UK’s Domino’s Pizza reaffirms 2025 forecast, launches $27 million share buyback Read More »
LONDON (Reuters) -Britain’s finance minister Rachel Reeves appointed London School of Economics Professor John Van Reenen as an adviser on economic growth, the government said in a statement on Monday. “John Van Reenen will help deliver the government’s mission to kickstart economic growth and raise living standards right across the country,” the statement said. (Reporting …
UK’s Reeves names academic Van Reenen as economic growth adviser Read More »
(Reuters) -Activity across Russia’s manufacturing sector declined for the third month running in August, a business survey showed on Monday, driven by falls in output and new orders for both domestic and export markets. The S&P Global Purchasing Managers’ Index (PMI) for Russia’s manufacturing sector rose to 48.7 last month from 47.0 in July, but …
Russian factory activity contracts for third month running in August, PMI shows Read More »
LONDON (Reuters) -British house prices unexpectedly fell in August as buyers struggled to afford high valuations, mortgage lender Nationwide Building Society said on Monday. Property prices slipped by 0.1% last month from July, Nationwide said, the third month-on-month fall since April when a tax break expired for buyers of many lower-value homes. Compared with 12 …
UK house prices unexpectedly fell in August, Nationwide data shows Read More »
(Reuters) -Poland’s InPost said on Monday it would buy a minority stake in a parcel locker network provider Bloq.it along with more than 20,000 of its locker units as it aims to bolster its last-mile offering in Europe. WHY IT’S IMPORTANT InPost has built up its dominant position in its home market Poland and in …
Parcel locker company InPost takes stake in Bloq.it Read More »
(Reuters) -An Australian regulator said on Monday it has started civil proceedings against a few fresh produce suppliers over alleged price fixing in sales to German retailer ALDI’s local arm, which clarified that it has not been accused of any wrongdoing. The Australian Competition and Consumer Commision (ACCC) has launched proceedings in the Federal Court …
Australian regulator sues four ALDI suppliers over alleged price fixing Read More »
DUBLIN (Reuters) -Growth in Ireland’s manufacturing sector slowed in August as output and new business growth eased to their weakest rates in seven months, a survey showed on Monday. The AIB Ireland Manufacturing Purchasing Managers’ Index (PMI) fell to 51.6 in August from 53.2 in July, marking the slowest improvement in business conditions since March. …
Irish manufacturing growth slows in August as demand weakens, PMI shows Read More »
(Reuters) -Rolls-Royce Holdings on Saturday denied a report it was exploring an initial public offering for its small nuclear reactor unit. The Financial Times, citing people familiar with the situation, reported on Saturday the company was considering an IPO as well as other funding options. It said talks with investment houses and banks were at …
Rolls-Royce denies report of IPO plans for small nuclear reactor unit Read More »
