Profits surge at Royal Mail’s parent company after £3.6bn takeover by foreign owner – business live

Royal Mail returns to an underlying annual profit for the first time in three years despite a “competitive and challenging” backdrop

Back in the manufacturing world, eurozone factory output growth has hit a 41-month high, as a long slump finally ended.

Factory production growth across the eurozone was the strongest in nearly three-and-a-half years in August, data provider S&P Global repoerts, despite the turmoil caused by Donald Trump’s trade war.

“The economic recovery in the manufacturing sector is broadening, as conditions are improving in six out of the eight countries for which PMIs are recorded—compared to only four countries in the previous month.

As a result, the Manufacturing PMI for the eurozone has crossed the expansion threshold for the first time since mid-2022, mainly because companies have ramped up production more rapidly.”