Rapid German recovery triggering inflation bottlenecks – PMI

The German economy continued its strong recovery in July with IHS Markit’s flash composite Purchasing Managers’ Index (PMI) hitting its highest level in nearly a quarter of a century, creating inflationary bottlenecks. That was fueled by strong demand, partly resulting from an easing of virus containment measures in Europe’s largest economy. Firms, facing capacity constraints, […]

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Thales’ shares climb after French company raises 2021 sales goal

France’s Thales (TCFP.PA) raised its full-year revenue target after posting first-half revenues up by 9.8% on a like-for-like basis, helping to lift the company’s share price. Europe’s largest defence electronics company, whose systems range from radar to rail, and biometric sensors to satellites, said the increase reflected a broad rebound compared with the worst stages […]

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