German recession will be sharper than expected: Ifo
BERLIN (Reuters) -The German economy will contract more than previously expected this year as sticky inflation takes its toll on priva..
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UK’s Berkeley forecasts 20% drop in house sales as interest rates rises weigh
(Reuters) -British high-end housebuilder Berkeley on Wednesday forecast a 20% drop in sales for the fiscal year that began on May 1, a..
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UK’s Halfords expects pricing efforts to drive profits
LONDON (Reuters) -Halfords forecast profit would rise 3% in its current financial year, saying its efforts to keep prices low should h..
Headlines
European car sales rise in May – ACEA
BERLIN (Reuters) – European new car registrations increased in May, data from the region’s carmaker association showed on ..
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Factbox – Graphite producers doing deals with automakers and battery groups
LONDON (Reuters) – Automakers are rushing to lock in graphite supply from outside dominant producer China as mined graphite dema..
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Mastercard launches global plan to recycle credit cards
LONDON (Reuters) – Payments company Mastercard on Wednesday launched a global project to recycle credit and debit cards as part ..
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Abu Dhabi’s ADNOC in almost $11 billion approach for Covestro -sources
(Reuters) -Abu Dhabi National Oil Company (ADNOC) has approached German plastics and chemicals maker Covestro AG with a takeover propo..
Industries
UK fines WH Smith, M&S and others for not paying minimum wage
LONDON (Reuters) – Britain has fined more than 200 companies, including top retailers WH Smith, Marks & Spencer and Argos, ..
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Italy’s Brembo to move to Amsterdam to increase M&A options
MILAN (Reuters) – Italy’s Brembo is to move its legal headquarters to the Netherlands and strengthen its loyalty share sch..
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Nasdaq to transfer European power business to EEX bourse
By Vera Eckert and Nora Buli FRANKFURT/OSLO (Reuters) -Nasdaq will transfer its European power trading and clearing business to the E..
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