All the day’s economic and financial news, as German’s trade surplus with the rest of the world jumps after a strong May * Introduction: German trade surplus hits €22bn * What the experts say * German exports rose 1.4% in May, imports rose by 1.2% * Germany ran surplus with EU and non-EU countries * Figures will reignite debate over German surplus 10.57am BST BACK IN THE CITY, SHARES IN INFRASTRUCTURE AND CONSTRUCTION FIRM CARILLION HAVE SLUMPED BY A THIRD TO THEIR LOWEST IN OVER 13 YEARS. Carillion’s shares plunged after the company announced that results would be below expectations, and that CEO Richard Howson was stepping down. In December, the Wolverhampton-based company, which employs nearly 50,000 people in the UK, Canada and the Middle East, blamed upheaval in Whitehall departments after the Brexit vote and change of government for a slowdown in orders. Carillion has also been affected by cuts in spending by governments in the Middle East prompted by low oil prices. Drop in UK orders after #Brexit vote and resultant profit warning cause Carillion boss to step down...https://t.co/LPGBtevh69 10.43am BST OVER TO GREECE.... AND NEW FIGURES SHOW THAT INDUSTRIAL OUTPUT JUMPED BY 5.4% YEAR-ON-YEAR IN MAY. That’s much better than April’s 0.9% annual rise, and may indicate that the Greek economy has turned a corner. Press release: Harmonized Index of Consumer Prices (June 2017) https://t.co/6jpoidkIXL pic.twitter.com/NIAMFha3Yr Continue reading...
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