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MILAN (Reuters) -Stellantis’ newly appointed CEO Antonio Filosa on Thursday picked Europe to kick off a tour of the automaker’s production sites and offices before formally taking up his new job at the end of next month. Filosa’s decision to begin his visits on the continent signalled an intention to start building solid relations in …

Stellantis’ newly appointed CEO chooses Europe for first leg of company tour Read More »

(Reuters) -The pound ticked higher versus the dollar on Thursday, one of the few major currencies holding its ground against the greenback which earlier surged after a court blocked U.S. President Donald Trump from imposing import tariffs on other countries. At 0942 GMT, the pound was up 0.12% against the dollar at 1.347. Elsewhere, the …

Sterling ticks higher as strong data, trade deal buffer against stronger dollar Read More »

By Alexander Marrow (Reuters) -The Russian rouble strengthened sharply on Thursday, soaring past the 78 mark against the dollar to reach a two-year high, after Moscow proposed a fresh round of peace talks with Kyiv. The rouble has firmed by more than 40% against the dollar this year, a rise analysts have attributed to the …

Russian rouble soars past 78 vs dollar to reach two-year high Read More »

(Reuters) -Britain’s vehicle output dropped sharply in April, marking the worst start to the year since 2009, due to weak export demand and the timing of Easter, industry data showed on Thursday. The drop comes as European carmakers strive to cut costs amid stiff competition, U.S. tariffs on auto imports, and a slowing global economy, …

UK’s car output drops in April, sees worst start to year since 2009 Read More »

LONDON (Reuters) -British retailer Marks & Spencer’s food business saw food sales increase 10.8% over the 12 weeks to May 17 year-on-year despite the fallout from a cyberattack last month denting availability, industry data showed on Thursday. Researcher NielsenIQ said M&S’ share of the UK grocery market rose 20 basis points to 3.8% in the …

M&S food sales show resilience despite cyberattack, says NielsenIQ Read More »

(Reuters) – A look at the day ahead in European and global markets from Wayne Cole Who knew the three judges at the rather obscure United States Court of International Trade had the power to spark a rally in global stock markets and shove the dollar higher against its safe-haven peers? Early in the Asian …

Morning Bid: Markets hope Trump tariffs stay ‘unlawful’ Read More »