By David Milliken LONDON (Reuters) -Few British businesses now expect to be directly affected by recent changes in U.S. trade policy, with only 12% naming it as one of their top three sources of uncertainty, down from 22% a month earlier, a Bank of England survey showed on Thursday. U.S. President Donald Trump announced wide-ranging …
British firms shrug off US tariffs, BoE survey shows Read More »
By Maria Martinez (Reuters) – German industrial orders unexpectedly rose in April, driven by strong domestic demand, signaling a potential recovery in the manufacturing sector, official data showed on Thursday. Orders increased by 0.6% month-on-month on a seasonally and calendar-adjusted basis, according to the federal statistics office, countering a Reuters poll of analysts that had …
German industrial orders rise points to cyclical recovery Read More »
By David Milliken LONDON (Reuters) -British construction firms reduced staff numbers last month at the fastest pace in nearly five years, reflecting higher wage costs and reduced demand, a survey showed on Thursday. The S&P Global Purchasing Managers’ Index for Britain’s construction sector rose to 47.9 in May from April’s 46.6, a bigger increase than …
UK construction firms shed most jobs since August 2020, PMI shows Read More »
KYIV (Reuters) -Ukraine’s finance ministry plans to revise the 2025 budget to boost financing for defence, lawmaker Yaroslav Zhelezniak said on Thursday, as the war with Russia drives demand for more weapons, ammunition and funds to pay soldiers’ wages. Finance Minister Serhiy Marchenko, reporting to parliament on the budget situation, said Ukraine needs to channel …
Ukraine to revise 2025 budget, increasing financing for defence, lawmaker says Read More »
(Drops word in headline, corrects day of publication in paragraph 2) MILAN (Reuters) – Proxy adviser Glass Lewis said it had recommended Mediobanca’s investors vote in favour of the merchant bank’s bid for Banca Generali at a general meeting on June 16. “The proposed offer represents a substantial opportunity for Mediobanca shareholders”, it said in …
Glass Lewis recommends Mediobanca investors vote in favour of Banca Generali bid Read More »
LONDON (Reuters) – Britain’s financial watchdog said on Thursday it wanted to avoid the use of claims management companies in any compensation scheme for mis-sold car loans in what could be the country’s next multibillion-pound consumer finance scandal. The Financial Conduct Authority is awaiting a Supreme Court verdict likely due in July on whether to …
UK watchdog aims to make any mis-sold car loans compensation easy for claimants Read More »
FRANKFURT (Reuters) -German construction industry revenue is forecast to record a slight increase of up to 1% in 2025 after a decline in 2024, an industry group said on Thursday. The BVB construction association said it was cautiously optimistic and predicted revenue of 428 billion euros ($488.43 billion) for the year. In 2024, revenue slumped …
German construction industry sees slight revenue gains in 2025 Read More »
(Reuters) -Tonic maker Fevertree Drinks said on Thursday it would equally split costs of the 10% tariff to be imposed on the UK imports to the U.S. with brewer Molson Coors, as part of their recent tie-up to mitigate the short-term impact. Fevertree also said that Charles Gibb, its North America CEO, will step down …
Fevertree and Molson Coors to split cost of US tariffs Read More »
MILAN (Reuters) – Prada said on Thursday it acquired a 10% stake in Italian leather group Rino Mastrotto, as the luxury group aims to tighten its grip over the production process. Under the deal, Prada will confer to Rino Mastrotto two tanneries – Italy’s Conceria Superior and France’s Tannerie Limoges – and said it will …
Prada acquires 10% stake in Italian leather group Rino Mastrotto Read More »
STOCKHOLM (Reuters) -Swedish inflation came in below forecasts in May, flash figures showed on Thursday, raising hopes that the central bank will cut interest rates in the coming months as the economy slows. Swedish headline consumer prices rose 0.1% in May from the previous month and were up 2.3% from the same month a year …
Swedish flash inflation below forecast, strengthens rate cut hopes Read More »
