Reuters UK Business

By Andy Bruce MANCHESTER, England (Reuters) -Britain suffered higher rates of industrial producer price inflation than previously assumed, according to new indicative figures from the Office for National Statistics that aim to correct problems with the data. The ONS is in the process of fixing problems with a wide range of economic data including unemployment …

UK faced more producer inflation than thought, corrected official data shows Read More »

By Antonella Cinelli ROME (Reuters) -Italian industrial output fell 0.7% in May from the month before, data showed on Thursday, reversing a surprise rise in April and pointing to further weakness for the country’s struggling manufacturing sector. A Reuters survey of 14 analysts had pointed to a flat reading after a 0.9% rise the month …

Italy industry output falls in May in renewed sign of weakness Read More »

By Amir Orusov (Reuters) -German carmaker BMW reported a modest increase in second-quarter deliveries on Thursday, as growing demand in Europe offset a slump in China, with the U.S. market showing resilience. In the April-to-June period, deliveries of BMW, MINI and Rolls-Royce vehicles increased by 0.4% year on year to 621,271 units, the company said. …

BMW posts modest Q2 sales increase on growing demand in Europe, US resilience Read More »

By Sherin Sunny and Rajasik Mukherjee (Reuters) -Australia’s competition watchdog said on Thursday it would not oppose any potential bid from French dairy giant Lactalis to buy New Zealand-based Fonterra Co-Operative Group’s consumer, dairy ingredients and food service businesses. The Australian Competition and Consumer Commission’s (ACCC) informal probe into the unannounced bid came after a …

Australia’s competition watchdog to not fight potential Lactalis bid for Fonterra assets Read More »

By Isabel Demetz and Marleen Kaesebier (Reuters) -German packaging and medical equipment maker Gerresheimer’s will decide in the second half of the year if it should spin off its moulded glass business, CEO Dietmar Siemssen told analysts on a conference call on Thursday. “Our strategic review of whether, and if, a spin-off of the combined …

Gerresheimer to decide on moulded glass spinoff in H2 Read More »

By Paolo Laudani and Maria Rugamer (Reuters) -Barry Callebaut cut its volume guidance for the third time this year on Thursday as high cocoa prices and uncertainty related to U.S. tariffs prompted customers to buy less of its product. The world’s top chocolatier, which supplies chocolate for Unilever’s soon-to-be-spun-off Magnum ice creams and Nestle’s KitKat …

Barry Callebaut cuts forecasts again as prices, tariffs deter customers Read More »

DUBAI (Reuters) -Abu Dhabi’s state-owned renewable energy company Masdar and Iberdrola will invest 5.2 billion euros ($6.1 billion) in an offshore wind farm in Britain, they said on Thursday. Under the agreement, Masdar and Iberdrola will each hold a 50% stake in the 1.4 gigawatt project, East Anglia THREE, they said in a joint statement, …

UAE’s Masdar, Iberdrola invest 5.2 billion euros in UK wind farm Read More »