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Euro-area manufacturing sector picks up as inflation pressures build

  Bloomberg Euro-area manufacturing accelerated for a sixth month in February amid signs that inflation pressures may be starting to build as factories struggle to keep up with demand. A Purchasing Managers’ Index climbed to 55.4, IHS Markit said. The reading compares with a flash estimate of 55.5 and is up from 55.2 in January. Companies raised output charges at ...

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Foxconn to start work on $9bn TV display plant

  Bloomberg Foxconn Technology Group will begin construction this month on a $9 billion display plant in southern China, as billionaire founder Terry Gou makes a big bet on demand for giant-sized TV screens in healthcare and homes. Gou and the Taiwanese company are looking to capitalize on the technology and branding acquired with the purchase of Sharp Corp. last ...

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Jesuits nears $124mn deal to sell Kensington plot

  Bloomberg Johnny Sandelson, the property entrepreneur developing a luxury-home project for seniors in London’s Chelsea district, is in talks to buy a 100 million-pound ($124 million) plot of land in Kensington from a Jesuits group, two people familiar with the plan said. Sandelson and a group of South African investors have agreed a deal to buy the 2.7-acre (1.1-hectare) ...

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