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Manufacturing
Procter and Gamble replaces CEO with predecessor

A.G. Lafley brought back to rekindle growth at world’s largest consumer product maker

BMW emblems next to the production line of the German car manufacturer’s plant in the Bavarian city of Dingolfing. Figures released today show eurozone factory output is rising with car sales in the EU increasing last month for the first time since September 2011. Photograph: Michaela Rehle/Reuters. Euro zone services and factory output beat forecasts

Economists expect currency bloc to emerge from recession in Q3

Chinese Changan cars are parked inside a factory in Chongqing. Data released today show China’s manufacturing is contracting in May for the first time in seven months. Photograph: Reuters. Chinese manufacturing contracting - PMI

Asian markets fall amid fears GDP growth to stall

A man walks through a Nissan showroom in Yokohama, south of Tokyo. The company has announced a worldwide recall of 841,000 vehicles. Photograph: Toru Hanai/Reuters. Nissan to recall 841,000 vehicles worldwide

Micra among models affected by steering wheel glitch

Caroline Dowling, president of integrated network solutions at Flextronics, said now was an ideal time for Ireland to harness the opportunity that reshoring presents. Reshoring trend could benefit Ireland

Conference hears wage increases in China have led companies to rethink location of manufacturing

The $500-billion-a-year industry, which is a gauge of the global economy, has been hit hard by falling demand from austerity-ravaged Europe and slowing growth in China. Photograph: Reuters Cost cuts help ArcelorMittal defy profit warning fears

Shares jump 7.5% as core profits exceed forecasts

ABB said no date had been set for chief executive Joe Hogan to step down. Photograph: Michael Buholzer/Reuters ABB announces surprise exit of chief executive

Joe Hogan deparating after nearly five years in post

Myles Lee, chief executive, and Nicky Hartery, chairman, at the CRH agm at Dun Laoghaire, Co Dublin yesterday. Photograph: Eric Luke Acquisition spending at CRH nears €500m

Group targets Russia and south east Asia

Holcim says cutting costs boosted profitability at units in Europe and Latin America

Stable selling prices in Europe for cement-maker

Linde AG reports first-quarter profit that beat analyst estimates

The German industrial gases company’s figures have been helped by takeovers

European Central Bank president Mario Draghi departed from a prepared speech yesterday to reiterate the central bank’s readiness to cut interest rates again Draghi says ECB ready to act as euro zone economy weakens

President may face opposition from some ECB policymakers to further reduction in interest rates

Complex offshore corporate network leads to Dublin suburb

Dublin-based businessman Philip Burwell has formed a complex web of offshore businesses, a number of which are under investigation by international authorities

Manufacturing

Procter and Gamble replaces CEO with predecessor
BMW emblems next to the production line of the German car manufacturer’s plant in the Bavarian city of Dingolfing. Figures released today show eurozone factory output is rising with car sales in the EU increasing last month for the first time since September 2011. Photograph: Michaela Rehle/Reuters. Euro zone services and factory output beat forecasts
Chinese Changan cars are parked inside a factory in Chongqing. Data released today show China’s manufacturing is contracting in May for the first time in seven months. Photograph: Reuters. Chinese manufacturing contracting - PMI
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