(Reuters) -Tesla’s new car sales in Britain rose year-on-year in June amid a broader recovery in the electric-vehicle market, data showed on Friday, as the U.S. auto maker started deliveries of its updated Model Y last month. Overall, Britain’s new car registrations grew 6.7% in June from a year earlier to 191,316 units, the Society …
Tesla’s UK sales jump in June from a year earlier, data shows Read More »
By Valentina Za MILAN (Reuters) -Italian state-backed bank Monte dei Paschi di Siena has said securing at least 35% of Mediobanca’s capital under its buyout offer would be sufficient to control its target. That boosts the bid’s chances of success given Monte dei Paschi (MPS) is expected to be able to count on the support …
Monte dei Paschi says owning 35% of Mediobanca would be enough Read More »
(Adds “consultancy” to description of LB Macro in paragraph 17) By Andy Bruce, Kate Holton and Elizabeth Piper MANCHESTER, England (Reuters) -After a year in office, Britain’s finance minister Rachel Reeves faces a reckoning over unmet promises of economic stability, with a stop-start economy and restive bond markets pointing to another tax-raising budget that she …
Crunch nears for UK’s Reeves, with stability elusive and markets wary Read More »
AMSTERDAM (Reuters) -KLM’s wage proposals this week do not meet the demands of ground staff at the Dutch arm of airline group Air France-KLM, the CNV union said on Friday, adding a strike announced at Amsterdam airport for July 9 will go ahead. “This means that consultations will not be resumed yet and that the …
KLM union says wage proposal insufficient, strike still on Read More »
By Maria Martinez BERLIN (Reuters) -German industrial orders fell much more than expected in May, ending a recent pickup and hit by a slump in demand from within the euro zone, data showed on Friday. Orders declined by 1.4% on the previous month on a seasonally and calendar adjusted basis, the German statistics office said. …
German industrial orders drop much more than expected in May Read More »
(Reuters) -British homebuilder MJ Gleeson warned on Friday that profit for fiscal year 2026 will be at the lower end of market expectations due to subdued demand. It added that Mark Knight, the CEO of its unit Gleeson Homes, has resigned as part of a management overhaul. It appointed Fiona Goldsmith as the chair of …
UK’s MJ Gleeson sees fiscal 2026 profit at lower end of market expectations Read More »
(Corrects July 3 story to say BYD sales volume increased by almost fourfold (not threefold) year-on-year in June and by more than fivefold (not almost fivefold) since the beginning of the year) (Reuters) -Tesla’s sales volume in Germany fell by 60% in June, the German road traffic agency KBA said on Tuesday, although sales of …
Tesla’s German car sales continue to fall in June (July 3) Read More »
(Reuters) -Cadbury chocolate maker Mondelez is urging a one-year delay in the implementation of the European Union’s deforestation law, a senior company executive said. The company supports the EU Deforestation Regulation (EUDR) in principle, Massimiliano Di Domenico, vice president of corporate and government affairs for Europe said, but urged policymakers to account for “on-the-ground realities.” …
Cadbury-parent Mondelez calls for delay to EU deforestation law Read More »
(Reuters) -British Finance Minister Rachel Reeves is expected to announce a shake-up of the UK pension system in her Mansion House speech on July 15, including plans to look at the amount companies and their staff set aside for retirement, the Financial Times reported on Friday. Reeves plans to establish a commission to conduct a …
A look at the day ahead in European and global markets from Kevin Buckland U.S. investors may have been feeling good going into the long Independence Day weekend, but those vibes failed to carry through to Asia. Optimism over the resilience of the U.S. economy, after much more robust than expected monthly payrolls figures, has …
Morning Bid: Market focus shifts to Trump tariff countdown Read More »
