Europe top stories: weekly summary

Author: ICIS Editorial

2021/05/03

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 30 April.

EU GDP slumps in Q1 as Germany weighs on regional recovery
EU and eurozone GDP slumped quarter on quarter in the first three months of 2021, according to Eurostat data on Friday, with an economic contraction in Germany weighing on the region’s recovery.

Swiss Clariant sets ambitious bid to achieve pre-pandemic margins in 2021
Clariant is anticipating a return to pre-pandemic margins in 2021 as the Swiss producer’s first-quarter results on Thursday showed a return to growth.

BASF expects bumper Q2 but easing of lockdowns may change consumer habits in H2
BASF expects its bumper Q1 to continue into Q2 as global inventories for many chemicals are low and demand remains high, the CEO and CFO at the German chemicals major said on Thursday.

European consumer fears grow over chemicals– trade group
There is “significant” concern among consumers in Europe about exposure to chemicals, a health and safety representative with the European Bureau of Consumer Unions said on Wednesday.

INSIGHT: ExxonMobil – tackling stakeholder pressure
You’d expect one of the world’s largest companies to think big when it come to its very survival. Under increasing political and investor pressure – at least from certain quarters – the energy major ExxonMobil has more publicly begun to lay out more radical thinking on how it believes the climate emergency might be tackled.

Unknown how many chemicals in global circulation – Swedish regulator
The problem of ensuring safe management of chemicals is made more complicated by lack of shared knowledge and proper enforcement as well as the growth of e-commerce turning many consumers into importers, according to the director of Swedish chemicals watchdog Kemi.

German business climate improves in April as manufacturing offsets services weakness - Ifo
Economic sentiment in Germany improved for a third consecutive month in April as healthy manufacturing activity – at its highest since 2018 and well above pre-pandemic levels – offset weakness in services, research institute Ifo said on Monday.