LONDON (Reuters) -Britain’s manufacturing sector showed some signs of turning a corner in its long slump and businesses pushed up their prices in June to offset higher labour costs, according to a survey published on Tuesday. The S&P Global/CIPS manufacturing Purchasing Managers’ Index improved for a third month in a row to 47.7 in June …
UK factory downturn shows signs of easing, morale ticks up, PMI shows Read More »
(Reuters) -Britain’s Mpac Group warned of lower-than-expected annual results on Tuesday as U.S. tariffs weigh on orders, sending its shares tumbling, and said it was speeding up restructuring of its operations in the United States. The packaging automation firm, which got nearly half of its 2024 revenue from its Americas segment, said it would consolidate …
UK’s Mpac Group warns on profit as tariffs hit orders Read More »
BERLIN (Reuters) – German manufacturers’ new orders grew at their fastest pace in more than three years in June, driven by rising demand both domestically and internationally, a business survey showed on Tuesday. The HCOB final Purchasing Managers’ Index (PMI) for German manufacturing, compiled by S&P Global, rose to 49.0 in June from 48.3 in …
New orders surge in German manufacturing but employment woes persist, PMI shows Read More »
BERLIN (Reuters) -The number of people out of work in Germany rose less than expected in June, labour office figures showed on Tuesday, as the labour market remains in the grip of an anaemic economy. The office said the number of unemployed increased by 11,000 in seasonally adjusted terms to 2.97 million. Analysts polled by …
German unemployment rises less than expected in June Read More »
PARIS (Reuters) -French manufacturing weakened further in June, impacted by a contraction in output and a sharper fall in new orders, a business survey showed on Tuesday. The final France HCOB manufacturing Purchasing Managers’ Index (PMI) for June, compiled by S&P Global, fell to 48.1 points from 49.8 in May, albeit a bit better than …
French manufacturing weakened further in June, final PMI shows Read More »
(Changes period in paragraph 2 to 3.5 years from 2.5 years following correction of Ifo statement) (Reuters) -Expectations in Germany’s chemical industry improved significantly in June as companies pin their hopes on a planned reduction in electricity tax for industry, according to a survey published on Tuesday. The Ifo economic expectations indicator for the sector …
Mood in Germany’s chemical industry brightens on power subsidy plan, Ifo says Read More »
SINTRA, Portugal (Reuters) -The European Central Bank may not have all the information it needs, including on the trade outlook, by September, making any interest rate cut more likely to come later in the year, ECB policymaker Gediminas Šimkus told Reuters. After cutting interest rates seven times in a row as inflation fell, the ECB …
ECB more likely to wait until year-end to cut rates, Simkus says Read More »
(Reuters) -Coffee and tea company JDE Peet’s unveiled a new strategy on Tuesday that aims to simplify its portfolio and organizational model under its new CEO. The group, which sells coffee, tea and hot chocolate under more than 50 brands globally, targets 500 million euros ($589 million) of net productivity savings, with more than a …
Jacobs coffee maker JDE Peet’s unveils brand-led strategy, sets mid-term targets Read More »
COPENHAGEN (Reuters) -Tesla’s registration of new cars in Denmark fell by 61.57% in June from the same month a year ago to 1,282 vehicles, registration data from Mobility Denmark showed on Tuesday. (Reporting by Jagoda Darlak, editing by Stine Jacobsen)
By Dimitri Rhodes and Etienne Breban (Reuters) -French food caterer Sodexo on Tuesday said it expects revenue and margin growth to be at the lower end of its 2025 forecasts and warned U.S. President Donald Trump’s policies could impact its universities and healthcare business. On a call with reporters, Chief Financial Officer Sébastien de Tramasure …
