PARIS (Reuters) -France needs to make a new and sustained push to rein in its budget deficit and get its rising debt under control, the International Monetary Fund said on Thursday in an annual review of the French economy. The French government is struggling to get its public finances back under control after spending spiralled …
IMF urges sustained French budget squeeze to rein in deficit Read More »
By Paul Sandle LONDON (Reuters) – BT, Britain’s biggest mobile and broadband provider, said strong demand for fibre broadband and more than 900 million pounds of costs savings helped shore up its full-year earnings and boost cash flow. The company has invested in a fibre network that now covers 18 million premises. It said on …
Fibre demand and cost savings shore up earnings for UK’s BT Read More »
WARSAW (Reuters) – Poland is looking into whether any explosive devices were planted where a ship from Russia’s “shadow fleet” was seen moving suspiciously near a power cable linking Poland with Sweden on Wednesday, Polish Prime Minister Donald Tusk said. NATO has beefed up security in the Baltic following a string of incidents in which …
Poland checking for any explosive devices near undersea power cable, PM says Read More »
LISBON (Reuters) -Portugal wants European energy regulators’ agency ACER to lead an independent investigation into the causes of the huge power outage that brought most of Spain and Portugal to a standstill last month, its acting energy minister told Reuters. Maria da Graca Carvalho said Prime Minister Luis Montenegro wants an independent investigation led by …
Portugal wants European regulators’ agency to lead Iberia outage investigation Read More »
By Maria Martinez BERLIN (Reuters) -Business activity in Germany fell in May, marking the first contraction this year, as a sharp downturn in the service sector overshadowed some improvement in manufacturing, a survey showed on Thursday. The HCOB German flash composite Purchasing Managers’ Index, compiled by S&P Global, dropped to 48.6 in May from 50.1, …
German business activity contracts in May amid services slump, PMI shows Read More »
(Reuters) – Sanofi said on Thursday that it would acquire Vigil Neuroscience, a clinical-stage biotech company, for $8 per share in cash, valuing the deal at about $470 million. (This story has been refiled to change the dateline to May 22) (Reporting by Bipasha Dey in Bengaluru; Editing by Mohammed Safi Shamsi)
LONDON (Reuters) -Britain said on Thursday it signed a 1.5 billion pound ($2.01 billion) five-year contract extension with defence company QinetiQ for it to provide testing and evaluation of military equipment, including missile firings and test pilot training. ($1 = 0.7457 pounds) (Reporting by Muvija M, writing by Sam Tabahriti)
By James Davey LONDON (Reuters) -European discount retailer Pepco Group plans to separate its struggling Poundland business in Britain from the group by September, but warned investors not to expect “major proceeds” from any sale. The Warsaw-listed group, which owns the Pepco and Dealz brands, also warned on Thursday that the 818-store Poundland chain might …
Pepco Group warns of meagre proceeds from any Poundland sale Read More »
By Jesus Calero and vera dvorakova (Reuters) – Tomb Raider owner Embracer is leaning on its back catalogue to maintain cash flow while fewer AAA games are being released, but this is not a long-term shift, CEO Lars Wingefors said on Thursday. As game development becomes slower, riskier and more expensive, studios are facing growing …
Embracer leans on back catalogue as game delays shake industry profits Read More »
(Reuters) -British food ingredients maker Tate & Lyle on Thursday estimated its full-year revenue growth would be 4% at best, less than last year, as the uncertainty over U.S. tariffs has raised costs for the company and its customers. The company, which has manufacturing plants in both the United States and China, said the tariff-related …
UK’s Tate & Lyle flags weaker sales growth as tariffs hit food ingredients maker Read More »
