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UK factories ride demand boom, price pressures hit record -PMI

Britain’s factories extended their post-lockdown recovery in June and ramped up hiring, but they also faced record inflation pressures due to supply chain problems caused by the coronavirus pandemic, a

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Nissan says: we’re in the UK for the long term

Nissan said on Thursday that a $1.4 billion investment in a new electric vehicle and battery plant in northern England showed that the Japanese carmaker was dedicated to Britain for

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‘Flying off the shelves’: Primark sales soar in reopened markets

Primark’s sales exceeded pre-pandemic levels and management expectations in its latest quarter as stores reopened after COVID-19 lockdowns and consumers splashed out to update their wardrobes. The fashion retailer’s owner

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Euro zone factory growth, input costs rose at record pace in June -PMI

Euro zone manufacturing activity expanded at its fastest pace on record in June, according to a survey on Thursday which also showed factories faced the steepest rise in raw materials

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Citi’s corporate and investment banking revenue from Saudi nearly tripled-exec

Citigroup’s (C.N) corporate and investment banking revenue for its Saudi Arabia business has “nearly tripled” since returning to the kingdom in 2018, a senior executive said on Thursday. Citi obtained

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Global inflation pick up is transitory – Citi’s King

A pick up in inflation in major economies is temporary with rises in wages remaining the missing ingredient, Citi’s global markets strategist Matt King said on Thursday. Inflation in the

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Concrete makers face heavy lift on climate pledges

Cemex, North America’s biggest concrete producer, has vowed to slash carbon dioxide emissions by 40% before 2030 and to eliminate them by 2050, ambitious goals reflecting growing pressure on the

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