By Paul Sandle LONDON (Reuters) -Mark Read will step down as CEO of WPP, the global advertising giant said on Monday, after seven years in which fierce competition, technological change and challenges in key sectors and geographies led its share price to halve. Read, who replaced founder Martin Sorrell in the top job at the …
Ad group WPP says CEO Mark Read to step down at end of the year Read More »
MADRID (Reuters) -Spain’s central bank lowered its economic growth forecast for this year to 2.4% from 2.7% due to the global trade tensions, still well above the euro zone’s average, Governor Jose Luis Escriva told a parliamentary committee on Monday. The Bank of Spain also trimmed the growth outlook for next year to 1.8% from …
Bank of Spain lowers 2025 economic growth forecast to 2.4% amid trade tensions Read More »
By Valentina Za MILAN (Reuters) -The Italian arm of France’s Amundi, Europe’s biggest asset manager, has set a target of 50 staff cuts to be achieved by the end of the year, a document it sent to unions on Monday showed. The proposed layoffs amount to 13.8% of a total staff in Italy of 363 …
Asset manager Amundi plans to cut 50 jobs in Italy, document says Read More »
DUBLIN (Reuters) -Sitting Irish tenants will not face rent increases above the current 2% a year limit under reforms to rent controls being considered by government, Irish Prime Minister Micheal Martin said on Monday. Ireland introduced controls in 2016 in a bid to slow runaway rental costs, limiting increases in designated “rent pressure zones” that …
Ireland to exempt sitting tenants from rent cap changes Read More »
(Reuters) -Argentex said on Monday it had rejected an equity investment proposal from the Netherlands-based Lavide Holding NV to obtain a 50% stake in the British currency risk manager for 2.5 million pounds ($3.39 million) and a potential provision of a 15 million pound credit line. The British company rejected the proposal, stating it neither …
UK’s Argentex rejects Lavide’s investment proposal Read More »
LONDON (Reuters) -Britain will make winter fuel payments to millions of older people this winter, in a major U-turn of deeply unpopular cuts after months of political pressure on Prime Minister Keir Starmer. After taking office last July Starmer’s Labour government cut winter fuel payments for all but the poorest pensioners in England and Wales …
UK restores winter fuel payments to millions of pensioners in major U-turn Read More »
By Christina Amann, Nick Carey and Kalea Hall BERLIN/LONDON/DETROIT (Reuters) -Frank Eckard, CEO of a German magnet maker, has been fielding a flood of calls in recent weeks. Exasperated automakers and parts suppliers have been desperate to find alternative sources of magnets, which are in short supply due to Chinese export curbs. Some told Eckard …
Auto companies ‘in full panic’ over rare-earths bottleneck Read More »
By Linda Pasquini (Reuters) -Sterling rose against the dollar on Monday, as the greenback weakened after rallying on Friday on the back of a better-than-expected U.S. jobs report and investors eyed a spending plan by Britain’s government later this week. The pound has been helped by a UK economy that has proved relatively resilient to …
Sterling rises against a weaker dollar ahead of UK’s spending plan Read More »
MOSCOW (Reuters) -The Kremlin said on Monday that NATO’s plan for a huge boost to its air and missile defence capabilities was confrontational and would come at the expense of European taxpayers who were being asked to pay to defuse a threat that did not exist. NATO Secretary General Mark Rutte, who is pushing for …
Kremlin says NATO air defence plan is confrontational and will cost European taxpayers Read More »
By Pratima Desai LONDON (Reuters) -Century Aluminum, the largest primary aluminium producer in the U.S., and top recycler Matalco will be among the big winners from President Donald Trump’s higher tariffs on imports of the metal as domestic prices surge, four industry sources said. However, some sector players are worried that Trump’s move from June …
Analysis-Aluminium producers in the US win from Trump’s tariffs Read More »
