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Rolls-Royce sticks to forecast as no Brexit ballot effect seen

  Bloomberg Rolls-Royce Holdings Plc, the U.K.’s biggest manufacturer, said business this year is in line with expectations and reiterated that the country’s vote to leave the European Union will have no immediate effect on the company, offering investors a rare bit of good news after days of turmoil in the markets. Underlying profit before financing charges and tax is ...

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Maersk oil intensifies search for M&A

  Bloomberg A.P. Moeller-Maersk A/S is intensifying its search for acquisitions to build up its oil unit as the Danish shipping and petroleum conglomerate loses Qatar, the biggest field in its portfolio. “We’re getting some resources freed up now,” Maersk Oil Chief Executive Officer Jakob Thomasen said in an interview. “We appreciate the clarity that we now have after Qatar ...

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Spanish economy grew 0.7% in second quarter: Bank of Spain

  Bloomberg The Spanish economy probably grew 0.7 percent in the second quarter as increased employment and favorable financing conditions supported consumption, the Bank of Spain said. Most recent data continued to show “robust growth” even as expansion of business investment showed a certain slowdown, the regulator said in its monthly economic bulletin published on Tuesday, citing preliminary data from ...

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