Reuters UK Business

By Max A. Cherney SAN FRANCISCO (Reuters) -Three senior executives in Intel’s manufacturing operations are set to retire, Intel told Reuters on Thursday, as new CEO Lip-Bu Tan implements sweeping change to resuscitate the struggling U.S. chipmaker. Intel told staff on Tuesday that corporate vice presidents in the technology development group, Kaizad Mistry and Ryan …

Three Intel senior executives to retire amid manufacturing shake up Read More »

LONDON (Reuters) -Britain’s manufacturers – hit in recent months by trade wars and higher taxes – moved closer to a return to growth in July and executives were their most optimistic in five months, according to a survey published on Friday. The S&P Global/CIPS manufacturing Purchasing Managers’ Index improved for a fourth month in a …

UK factories edge closer to end of downturn, PMI suggests Read More »

By Anastasiia Kozlova (Reuters) -German chemicals group Evonik Industries reported a quarterly profit drop on Friday and narrowed its full-year guidance on subdued demand and a challenging market environment. The group now expects adjusted EBITDA for 2025 at the lower end of a 2 billion euro to 2.3 billion euro ($2.28 billion to $2.63 billion) …

Germany’s Evonik posts quarterly profit drop, narrows guidance Read More »

(Corrects flash reading in paragraph 3) PARIS (Reuters) -France’s manufacturing sector experienced a rapid decline in new orders in July, marking the sharpest drop since January, as demand for goods, particularly from abroad, fell sharply, according to a survey published on Friday. The final HCOB France Manufacturing PMI survey compiled by S&P Global registered 48.2 …

French manufacturers suffer sharpest drop in new orders since January, PMI shows Read More »

By Joanna Plucinska and Shashwat Awasthi (Reuters) -British Airways owner IAG reported better than expected second-quarter earnings on Friday, helped by strong demand for its transatlantic routes despite fears of knock-on effects from U.S. President Donald Trump’s tariff war. Europe’s airlines have broadly managed to dodge turmoil over tariffs, with Air France-KLM and Lufthansa reporting …

British Airways owner IAG beats second-quarter profit estimates Read More »