LONDON (Reuters) -Business confidence in Britain’s services sector hit a two-and-a-half-year low in the quarter to May and cost pressures are ramping up partly as a result of employment tax rises, the Confederation of British Industry said on Thursday. Its gauge of morale in business and professional services companies fell to -43% in May from …
UK services sector sentiment hits 2-1/2-year low, CBI says Read More »
By Tommy Reggiori Wilkes and Jesús Aguado LONDON/MADRID (Reuters) -The European Union has warned the Spanish government against trying to prevent banking consolidation it says is needed to create strong lenders, after Madrid announced a ministerial review of BBVA’s bid for rival Sabadell. Spain’s government has opposed BBVA’s hostile move since it was made more …
EU warns Spain’s government not to hinder BBVA’s bid for Sabadell Read More »
(This story has been corrected to change the number of copies sold to more than 30 million, from more than 25 million, in paragraph 2) (Reuters) -Poland’s biggest game developer CD Projekt said on Wednesday that the next big game set in the Cyberpunk universe, “Cyberpunk 2”, has entered the preproduction phase. “Cyberpunk 2”, on …
Poland’s CD Projekt’s ‘Cyberpunk 2’ enters preproduction phase Read More »
BERLIN (Reuters) -The leaders of Germany’s ruling coalition parties said they had agreed to pass an immediate action program including tax relief measures and a reduction in electricity tax over the coming months in a bid to jump-start the sluggish economy. “Things are now moving rapidly,” said Chancellor Friedrich Merz, leader of the Christian Democratic …
German coalition agrees on raft of measures to boost growth Read More »
By Juby Babu (Reuters) -HP Inc cut its annual profit forecast on Wednesday as it expects a moderation in PC market growth at a time when the global economic environment remains volatile, sending its shares down 14% in extended trading. The uncertainty surrounding U.S. tariffs and associated inflationary pressures will negatively impact demand for personal …
HP cuts annual profit forecast as tariffs weigh on demand, shares fall Read More »
By Echo Wang and Milana Vinn NEW YORK (Reuters) -Cybersecurity firm Netskope has hired Morgan Stanley to lead preparations for a U.S. initial public offering that could raise more than $500 million, according to people familiar with the matter. Netskope is aiming to go public as early as the third quarter of this year, two …
Exclusive-Cybersecurity provider Netskope taps Morgan Stanley for US IPO, sources say Read More »
THE HAGUE (Reuters) -Morgan Stanley said on Wednesday it will contest a Dutch public prosecutor’s investigation into tax evasion related to dividends on Dutch shares. The Dutch public prosecution service said on Wednesday it would subpoena a foreign bank on suspicion of dividend tax evasion. It said that between 2009 and 2013, a subsidiary of …
Morgan Stanley says it will contest Dutch dividend tax evasion probe Read More »
By Nora Eckert and Kalea Hall DETROIT (Reuters) -U.S. dealers of Jeep SUVs and Ram pickup trucks are pinning their hopes on new Stellantis CEO Antonio Filosa to turn around months of disappointing sales and weakening trust. The 51-year-old Italian national, named on Wednesday to run the global automaker, has already had plenty of facetime …
Stellantis dealers pin US turnaround hopes on new CEO Read More »
DETROIT (Reuters) – Amazon’s deal with Stellantis to create in-car software that the companies hoped would transform the driving experience while bolstering their vehicle-tech credentials is “winding down,” the companies confirmed after a Reuters inquiry. The Stellantis SmartCockpit project, which would rely on Amazon’s in-car technology, is the latest example of traditional automakers struggling to …
Amazon’s in-car software deal with Stellantis fizzles Read More »
By Tassilo Hummel and Emma Rumney PARIS/LONDON (Reuters) – Pernod Ricard has replaced the head of its cognac business, Philippe Neusch, according to an internal memo seen by Reuters, in the latest change at the top of a major cognac house as the industry faces a sales slump and tariff threats. Neusch took the helm …
Pernod Ricard replaces cognac chief as sales tumble Read More »
