BERLIN (Reuters) -Germany’s services sector began the second half of the year with renewed growth in business activity and an increase in demand, a survey showed on Tuesday. The HCOB final services Purchasing Managers’ Index (PMI) rose to 50.6 in July from 49.7 in June, slightly above a preliminary reading of 50.1. July marked the …
Germany’s services sector shows modest growth in July, PMI shows Read More »
ROME (Reuters) -Italy’s service sector expanded for an eighth month running in July and at a slightly faster pace than the month before, a survey showed on Tuesday, offering hope for firmer growth in the euro zone’s third-largest economy. The HCOB Purchasing Managers’ Index (PMI) for services rose to 52.3 in July from 52.1 in …
Italy’s service sector sees stronger growth in July, PMI shows Read More »
By Gianluca Lo Nostro (Reuters) -French satellite operator Eutelsat reported better-than-expected annual earnings on Tuesday, driven by growing interest in its satellite internet services from government and corporate customers. Eutelsat gained the spotlight this year as European governments sought home-grown solutions for satellite services, aiming to reduce their reliance on U.S. providers, such as Elon …
Starlink rival Eutelsat beats estimates on Ukraine boost, government demand Read More »
MADRID (Reuters) -Spain’s services sector experienced a significant boost in July, with activity rising at its fastest pace since February, driven by firmer domestic demand, a survey by S&P Global showed on Tuesday. The HCOB Spain Services PMI Business Activity Index jumped to 55.1 in July from 51.9 in June, marking the highest level since …
Spain’s services sector growth speeds up sharply in July, PMI shows Read More »
MADRID (Reuters) -Spanish power utility Naturgy said on Tuesday it sold about 5.5% of its shares through an accelerated bookbuilding and a bilateral sale as part of its plan to increase its free float and return to the main stock market indexes. The company said it raised 500 million euros ($577.30 million) selling 2% of …
Naturgy sells 5.5% of shares in a bid to raise free float Read More »
By Emma-Victoria Farr and Amy-Jo Crowley LONDON (Reuters) -Global dealmaking has reached $2.6 trillion, the highest for the first seven months of the year since the 2021 pandemic-era peak, as a quest for growth in corporate boardrooms and the impact of a surge in AI activity has overcome the uncertainty caused by U.S. tariffs. The …
Global M&A hits $2.6 trillion peak year-to-date, boosted by AI and quest for growth Read More »
(Reuters) -Russia’s services sector contracted at its fastest pace since June 2024 in July, a business survey showed on Tuesday, as new orders declined in a subdued sales environment. The S&P Global Purchasing Managers’ Index (PMI) for Russia’s services sector fell to 48.6 last month from 49.2 in June, moving further below the 50 mark …
Russian services sector contracts at fastest rate since June 2024, PMI shows Read More »
By Mathias de Rozario (Reuters) -French oil group Maurel & Prom reported a 25% drop in its half-year core profit on Tuesday, hit by falling crude oil prices. Earnings before interest, taxes, depreciation and amortization fell to $140 million in the six-month period, from $186 million a year earlier. The group was hit by a …
Maurel & Prom’s half-year core profit drops by 25% on lower oil prices Read More »
OSLO (Reuters) -Saudi Arabian oil drilling group ADES International Holding has agreed to buy Oslo-listed rival Shelf Drilling for 3.9 billion Norwegian crowns ($379.33 million) in cash, the two companies said on Tuesday. The offer of 14 crowns per share, a 62% premium over Tuesday’s closing price in Oslo, was recommended by Shelf’s board, the …
Saudi rig group ADES to buy Norway rival Shelf in $380 million deal Read More »
(Reuters) -Swiss industrial group OC Oerlikon lowered its full-year guidance on Tuesday, citing weak industrial demand and the evolving burden on the economy from U.S. trade tariffs. The group forecast flat to slightly lower sales at a constant foreign exchange rate and an operational EBITDA margin between 17.0% and 17.5%. It had previously guided for …
Swiss group OC Oerlikon lowers full-year guidance on tariff woes Read More »
