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UEFA European Football Championship Unlikely To Give Major Boost To German Retail - Ifo

Only supermarkets, beverage retailers and specialized sports goods stores in Germany are likely to register any significant growth in sales as the country hosts the UEFA Euro 2024 football tournament that kicks off in the middle of the month, the ifo institute said Monday. The ifo business confidence indicator for the retail industry rose to -13.3 points in May from -14.5 points in April.

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PetMed Express Appoints Caroline Conegliano To Newly Created Role Of COO

PetMed Express, Inc., dba PetMeds and parent company of PetCareRx, (PETS) announced Monday several changes to its executive leadership team to further advance key initiatives to improve the customer experience, and to accelerate growth and profitability.

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Spirit Airlines CFO Scott Haralson To Depart; Names Brian McMenamy Interim CFO

Spirit Airlines (SAVE) announced Monday that Brian McMenamy, Vice President and Controller, has been named as Interim Chief Financial Officer, effective June 14, 2024.

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UK Manufacturing Sector Returns To Growth

The UK manufacturing sector returned to growth in May as production grew the most in more than two years on improved order intakes, final survey data released by S&P Global revealed on Monday. The manufacturing Purchasing Managers' Index advanced to 51.2 in May from 49.1 in April. This was the highest reading since July 2022 but a tick below the initial estimate of 51.3.

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Liquidia Says Court Denies United Therapeutics' Motion For Injunction To Block Launch Of YUTREPIA

Liquidia Corp. (LQDA) announced Monday that Judge Andrews of the U.S. District Court for the District of Delaware (District Court) denied the motion for preliminary injunction filed by United Therapeutics (UTHR) on Friday that sought to block the launch of Liquidia's YUTREPIA (treprostinil) inhalation powder to treat pulmonary hypertension associated with interstitial lung disease (PH-ILD).

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Eurozone Manufacturing Activity Posts Slower Contraction

Downturn in the euro area manufacturing activity softened in May as production moved closer to stabilization and orders fell at a slower pace amid the rising business sentiment, final HCOB survey results from S&P Global showed on Monday. The manufacturing Purchasing Managers' Index rose to 47.3 in May from 45.7 in April. The flash estimate was 47.4.

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Bay Street Likely To Open Slightly Higher

The Canadian market may open with a positive bias Monday morning, but the upside is likely to be limited as investors await the Bank of Canada's interest rate decision this week.

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