Lundstedt. Pass the mustard mccormick buys Reckitt Benckisers food business for 4. 2 billion, adding frenchs mustard and franks hot sauce to the company spice rack the ceo of akzonobel steps down citing Health Reasons as the Dutch Chemicals Company continues to battle activist investor elliott managements attempts to oust its chairman. Weve had so many numbers out of scandinavia the last couple of days and speaking to so many ceos out of that region. Ericsson yesterday tough numbers there. Great numbers today from scedbank we spoke to tele2 who are weathering regulatory problems left, right and center and electrolux and volvo are moving in Different Directions on the market today, but electrolux upgraded its north american outlook after a stronger than expected rise in Second Quarter earnings. The swedish appliance maker upped air north American Growth star get to 3 to 4 citing strengthening demand and a favorable macro environment. Its not the only firm today citing a pick up in north
Good morning, everyone want to kick things off with a bit of data in the form of the eu pmi numbers the german manufacturing number posting more solid growth in july the french number showing another sixyear high. And once again were still waiting for the pmi numbers. We will bring those to you as soon as we get them. Let me double check whether theyre out. Not for the time being but well bring them to you as we get them. When it comes to european markets, we are broadly higher xetra dax up by 0. 2 ftse 100 is up by three quarts over a percent thats very much driven by the oil and gas story. Thats one of the best performers sectorwise lets flip over to the sectors here you go. Oil and gas is very much outperforming. This is on the back of Higher Oil Prices this morning, but also the profit beat coming from bp lets talk about that. Higher oil prices and deep every cost cuts have helped bp to a Second Quarter profit beat the british oil giant reported a 10 rise in production that would t