Shares rally 10% as the world’s largest bearings maker joins other industrial groups seeking to become more focused
Better than expected numbers suggests no-lockdown strategy helped business
Manufacturers favour continent’s low growth over Asian volatility
Group blames slow industrial production for 7% drop in share price and expects more of the same
Cartels crackdown levies penalties of $5.3bn for year in markets from car parts to sausages
World’s largest maker of these ubiquitous widgets makes push into the US market
Raw materials erode margins as customers hold back