Germany forced to slash DHL stake by €2.2bn to fix railways
Germany has been forced to sell off some of its stake in package deliverer DHL as it struggles to improve the country’s rail network amid a budget crisis.
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Germany has been forced to sell off some of its stake in package deliverer DHL as it struggles to improve the country’s rail network amid a budget crisis.
London stocks dipped in early trade on Wednesday as investors mulled weaker-than-expected UK GDP data and looked ahead to the latest US inflation reading.
The FTSE's moves come after the UK economy shrunk by more than expected in July, with all sectors of the economy under pressure.
The Flintshire-based firm reported underlying pre-tax profits declined by 4 per cent to £395million for the year ending 2 July as cost inflation exceeded continued house price growth.
Good morning from London where the FTSE 100 is moving higher after taking a big hit at the open. The index wasn’t helped by a fall in the value of BP PLC...