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Tyre-makers under pressure as too much rubber hits the road
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UK has held productive discussions with EU over car tariffs – minister
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Low unemployment amongst young driving demand, says JD Sports boss
European shares weighed by US debt ceiling concerns, slide in financials
Date: May 17, 2023
European shares weighed by US debt ceiling concerns, slide in financials By Sruthi Shankar (Reuters) – European shares slipped on Wednesday as concerns about whether the United States can avoid a debt default, as well as a slew of downbeat corporate updates weighed on sentiment. The continent-wide STOXX 600 slipped 0.1%, with financial services companies...
Blackstone, Thomson Reuters consortium sells $3.4 billion LSEG shares at discount
Date: May 17, 2023
Blackstone, Thomson Reuters consortium sells $3.4 billion LSEG shares at discount (Reuters) -An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters sold 33 million shares in the London Stock Exchange Group worth about 2.7 billion pounds ($3.41 billion), a bookrunner said on Wednesday. The placing of shares, which was upsized from 28 million,...
Experian sees annual revenue growth on steady demand
Date: May 17, 2023
(Reuters) – British credit data firm Experian Plc said on Wednesday it expects its annual organic revenue to grow between 4% and 6% on the back of steady demand from businesses and consumers. Analysts were expecting the company to forecast a revenue growth of around 5.8%, according to company-compiled estimates. Experian has benefited as Britain’s...
Analysis-Southern Europe braces for climate change-fuelled summer of drought
Date: May 17, 2023
BRUSSELS (Reuters) – Southern Europe is bracing for a summer of ferocious drought, with some regions already suffering water shortages and farmers expecting their worst yields in decades. As climate change makes the region hotter and drier, years of consecutive drought have depleted groundwater reserves. Soils have become bone dry in Spain, southern France and...
Asian shares tentative, US debt ceiling talks weigh on risk appetite
Date: May 17, 2023
SINGAPORE (Reuters) – Asian shares were subdued on Wednesday and the dollar hovered around a five-week peak as investors remained risk averse, with the U.S. debt ceiling talks and a mixed set of economic data weighing on sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.20% lower, while Australia’s S&P/ASX 200 index was...
EU raw material targets need money and faster permits, sector chief says
Date: May 16, 2023
BRUSSELS (Reuters) – The European Union will only meet ambitious targets to reduce its reliance on China and other countries for critical materials by rapidly scaled-up financing and accelerated permitting, according to the head of an EU sector alliance. Under the EU Critical Raw Materials Act, which has yet to enter force, the bloc has...