
France's Carmat files for insolvency, shares suspended
June 30 (Reuters) - French heart prosthesis company Carmat (ALCAR.PA), opens new tab has filed for insolvency and requested to be placed in receivership after failing to secure emergency funding, it said on Monday.
Trading in Carmat shares has been suspended from Monday before market open at the company's request, pending a decision from the court, the group added.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Times
an hour ago
- Times
Food prices drive shop price inflation to highest in a year
Monthly shop price inflation rose in June for the first time since July last year, driven by higher food prices as businesses passed on rising employment costs to shoppers. Food price inflation rose to 3.7 per cent in June compared with the same period last year and against 2.8 per cent in May, according to figures collected by the British Retail Consortium and NielsenIQ. • Grocery prices rise at fastest pace in more than a year Overall shop price inflation increased to 0.4 per cent compared with June 2024 and a year-on-year decline in prices of 0.1 per cent in May. Non-food prices were 1.2 per cent lower in June compared with a year ago, a narrower decline than the 1.5 per cent recorded in May. It is the first time that overall monthly shop price inflation has risen since July 2024. Helen Dickinson, chief executive of the BRC, said shops were having to pass on higher employment costs arising from the government's tax and minimum wage changes which came into force in April. 'Within three months of the costs imposed by last autumn's budget kicking in, headline shop prices have returned to inflation for the first time in close to a year,' she said. She added that the effect of government policy on prices had been 'accelerated by geopolitical tensions and impacts of climate change'. Meat prices had been affected by high wholesale prices and more expensive labour costs, while fruit and vegetable prices increased due to hot, dry weather reducing harvest yields, she said. Higher food prices increase pressure on low-income households in the UK, who spend a relatively larger share of their monthly income on necessities. Deflation in non-food goods continued as retailers cut prices, particularly in DIY and gardening 'so customers could make the most of the sunshine', the consortium said. Dickinson called on the government to 'find ways to alleviate the cost pressures bearing down on retailers' including via business rates reform. The official overall inflation rate for the UK remained at 3.4 per cent in the year to May, the highest for more than a year and above the Bank of England's target rate of 2 per cent. Food prices are at their highest since February 2024, according to official figures. The conflict between Iran and Israel has prompted concerns that higher oil prices could fuel a fresh round of inflation.


Reuters
an hour ago
- Reuters
German antitrust watchdog clears Lufthansa stake in airBaltic
BERLIN, June 30 (Reuters) - Germany's antitrust watchdog has approved Lufthansa's ( opens new tab acquisition of a minority stake in Latvia-based carrier airBaltic, it said on Monday. "We had to clear the merger because on the whole, the routes affected constitute so-called minor markets with very low domestic sales volumes," antitrust agency head Andreas Mundt said in a statement.


Reuters
an hour ago
- Reuters
Irish factory activity grows at fastest pace in over three years, PMI shows
DUBLIN, July 1 (Reuters) - Irish manufacturing activity grew at the fastest pace in more than three years in June as the sector brushed off concerns about global trade, hired more staff and increased purchasing, a survey showed on Tuesday. The AIB Ireland Manufacturing Purchasing Managers' Index (PMI) rose to 53.7 from 52.6 in May, marking the highest reading since May 2022 and staying above the 50.0 threshold separating expansion from contraction for the sixth successive month. The increase was driven by a sharp increase in employment, with the rate of job creation reaching its strongest level since June 2022. Respondents attributed the rise to greater workloads and long-term expansion plans. Purchasing activity surged, with the rate of growth also hitting a more than three-year high, as firms aimed to rebuild inventories amid rising demand and longer supplier delivery times. Despite this, backlogs of work fell for the fourth month in a row, suggesting a lack of pressure on business capacity and while new export orders continued to decline, they came close to returning to growth after a big dip in May. Looking ahead, manufacturers expressed optimism about future growth prospects, with 44% of respondents predicting an increase in production volumes over the next year, despite concerns over US tariffs and global economic uncertainty. Ireland's finance ministry and central bank recently cut their economic growth forecasts for the year on global trade concerns. As a member of the EU, Ireland currently faces tariffs of 10% on around a quarter of its goods exports to the U.S.