06/05/2025 08:08
The Guardian
Rolling coverage of the latest economic and financial newsTrump’s foreign film tariffs could ‘wipe out’ UK movie industry, ministers toldJust in: growth across the eurozone private sector slowed last month.The HCOB Eurozone composite PMI output index, which tracks activity across the euro area, has dropped to 50.4 for April, down from 50.9 in March, showing a weaker expansion in business activity.“Eurozone economic growth slowed at the start of the second quarter, following a pick-up in the first three months of the year. The services sector, which is a major player, practically stagnated in April. Even though manufacturing output saw a surprising uptick, it wasn’t enough to prevent the overall slowdown in growth.In the services sector, cost pressures are still relatively high, though they have eased a bit over the past couple of months. Inflation is down for sales prices and continued to trend lower.Allied Bakeries continues to face a very challenging market. We are evaluating strategic options for Allied Bakeries against this backdrop and we remain committed to increasing long-term shareholder value.A further announcement will be made as and when appropriate. Continue reading...
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