Business

Sika to buy former BASF chemicals company from Lone Star for $6 billion

ZURICH (Reuters) -Swiss chemicals company Sika has agreed to buy MBCC Group for 5.5 billion Swiss francs ($6 billion) to boost its position in sustainable building, making its biggest ever acquisition in the fragmented $70 billion construction chemicals sector.FILE PHOTO: Logo of Swiss chemical group Sika is seen on a snow-covered roof of a branch […]

Business

Inflation jitters take toll on European stocks ahead of earnings

(Reuters) -European shares slipped on Tuesday as investors feared that soaring commodity prices would hamper a recovery in corporate profit, with fresh signs of troubles at property developer China Evergrande also hitting confidence.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 8, 2021. REUTERS/StaffThe pan-European […]

Business

Tesco defies supply chain challenges to lift profit outlook

LONDON (Reuters) -Tesco, Britain’s biggest retailer, raised its full-year earnings forecast on Wednesday after the unmatched scale of its store and online operations helped it outperform rivals in the first half and beat expectations with a 16.6% jump in profit. British retailers are battling supply chain disruptions and labour shortages. Supermarkets also face tough comparisons […]

Business

European stocks hit 2-month lows on inflation worries

(Reuters) -European stocks slumped to their lowest in two months on Friday, as warnings from companies and factory activity data highlighted the economic headwinds from supply-chain constraints and elevated prices.The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 29, 2021. REUTERS/StaffThe Europe-wide STOXX 600 index fell 0.4% […]

Business

European stocks hit 2-month lows on inflation worries

(Reuters) -European stocks slumped to their lowest in two months on Friday, as warnings from companies and factory activity data highlighted the economic headwinds from supply-chain constraints and elevated prices.The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 29, 2021. REUTERS/StaffThe Europe-wide STOXX 600 index fell 1.1% […]

Business

European stocks hit 2-month lows on inflation worries

(Reuters) -European stocks slumped to their lowest in two months on Friday, as warnings from companies and factory activity data highlighted the economic headwinds from supply-chain constraints and elevated prices.The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 29, 2021. REUTERS/StaffThe Europe-wide STOXX 600 index fell 1.1% […]

Business

European stocks snap 4-day losing streak as oil, banks rise

(Reuters) -European stocks ended higher for the first time in five days on Monday, as oil, banks and utility shares gained on hopes that a strong euro zone economic recovery would outweigh risks from a global slowdown.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September […]