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Europe close: Shares end lower as China, EZ PMI readings dent sentiment
European stocks closed lower on Wednesday gloomy China and eurozone survey data signalling a stalling in post-Covid pandemic recovery hit sentiment.
FTSE 250 movers: Keller surges on outlook; Redde Northgate skids despite FY record
Keller Group upped its full-year earnings outlook on Wednesday, on the back of strong first half trading and a “robust” order book.
Redde Northgate shares slump despite record annual profit
Vehicle hire company Redde Northgate posted a strong rise in annual profit, driven by higher demand for vans.
Europe midday: Shares down as EZ, China PMIs show recovery stalling
European shares were lower on Wednesday as surveys showed the Chinese and eurozone economic recoveries were both losing steam and investors eyed the released of minutes from the US Federal Reserve.
Eurozone recovery losing steam as PMI data shows contraction
Eurozone manufacturing output fell in June, while services growth also weakened with total business activity going into contraction, according to final survey data released on Wednesday.
Electric cars drive June UK sales as SMMT calls for VAT cut on charging
UK new car sales surged by 25. 8% year-on-year in June, driven by solid demand for electric vehicles (EV) from firms and fleet buyers, according to industry figures released on Wednesday.
Europe open: Shares lower on weak China data; Eyes on Fed minutes
European shares opened lower on Wednesday as yet another survey showed the Chinese economic recovery was losing steam and investors eyed the released of minutes from the US Federal Reserve.
China services activity weakens in June - Caixin
China post-Covid pandemic recovery showed more signs of slowing on Wednesday as a private sector survey showed services activity expanded at its slowest pace in five months in June.