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Fastest jump in UK house prices in over a year; Stellantis scales back electric car plans – business live

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Rolling coverage of the latest economic and financial news

After that stalled start, Stellantis shares have tumbled 12% at the start of trading in Milan after announcing a €22bn charge as it scales back its electric car ambitions.

European carmaker Stellantis is taking a €22bn charge, and admitted it overestimated the speed of the transition to electric cars.

Continue reading…Rolling coverage of the latest economic and financial newsAfter that stalled start, Stellantis shares have tumbled 12% at the start of trading in Milan after announcing a €22bn charge as it scales back its electric car ambitions.European carmaker Stellantis is taking a €22bn charge, and admitted it overestimated the speed of the transition to electric cars. Continue reading…