Cristina Gallardo

Rheinmetall saw its sales and operating profits jump in the second quarter, as it continued to secure a steady stream of orders from governments seeking to support war-torn Ukraine, and confirmed to its full-year guidance.

The German government is set to stop meeting new requests for military support from Kyiv with immediate effect, the Frankfurter Allgemeine Zeitung reported on Saturday.

Rentokil Initial forecast adjusted profits for the year of around £700 million, short of previous forecasts, after revenue growth slowed at its North American business.

Italy’s Leonardo and Germany’s Rheinmetall entered a joint venture for the development and production of combat vehicles, targeting potential orders of up to $54.55 billion.

The Madrid-listed technology and defense group is involved in active negotiations to absorb more than 10 companies.

The market downturn in Europe was caused by customers’ weaker purchasing power due to high interest rates and uncertainties over the pace of the transition to electric vehicles, Michelin said.

The Italian fashion group said the results were hit by lower consumer confidence in several markets, as the luxury industry continues to grapple with a period of volatility.

More than a year’s worth of rain fell overnight in some areas, washing away bridges and flooding towns.

While the eastern part of Spain reels from historic floods, the southwest is bracing for torrential rainfall.

Lack of antibiotics, baby food, basic items plague residents in parts of Valencia region after deadly disaster.