Reuters UK Business

LONDON (Reuters) -Britain’s Office for Budget Responsibility will carry out one full fiscal forecast a year instead of the current two, according to its outlook unexpectedly published on Wednesday ahead of finance minister Rachel Reeves delivering her budget. The OBR has so far published two assessments annually to accompany the government’s spring and autumn fiscal …

UK’s budget watchdog to publish one full forecast per year Read More »

By Alicja Surdy (Reuters) -An internal survey at Polish coal miner JSW showed more than 6,000 employees were interested in a planned workforce reduction, almost double the number eligible for the scheme, acting CEO Boguslaw Oleksy said on Wednesday. The plan, contingent on a new mining law, aims to cut jobs via two main routes: …

JSW’s plan for voluntary job reductions draws high interest from workers, CEO says Read More »

LONDON (Reuters) -Britain’s economy is forecast to grow by 1.4% next year, according to estimates by the country’s budget watchdog published on its website on Wednesday ahead of finance minister Rachel Reeves’ budget statement. The new figure compared with a growth forecast for 2026 of 1.9% in the OBR’s previous outlook published in March, when finance …

UK OBR downgrades 2026 growth forecast to 1.4% Read More »

(Reuters) -Europe’s embattled carmakers are hoping for a reprieve when Brussels unveils an auto sector package next month, which could water down an effective ban on new combustion engines initially slated for 2035 as a shift towards electric engines stutters. The continent’s automakers from Volkswagen to Renault had high hopes for the electric vehicle shift …

Explainer-European carmakers hope for reprieve on 2035 combustion engine ban Read More »

By Bernadette Hogg and Marleen Kaesebier (Reuters) -The chief executive of Adecco said on Wednesday that its joint venture with Salesforce, named r.Potential, could help reduce the risk of an AI bubble by pushing companies into more concrete uses of the technology. The Swiss staffing group has already talked to 300 large clients who have …

Adecco says joint venture with Salesforce can help reduce AI bubble risks Read More »

By Nell Mackenzie LONDON (Reuters) -Stock-picking hedge funds now have the biggest short positions since 2023 on UK-based stocks exposed to the domestic economy, according to a Goldman Sachs client note. The group bulked up on these positions ahead of Wednesday’s presentation of the highly-anticipated budget, said the note that was sent to clients on …

Hedge funds bet against UK firms as budget looms, says Goldman Sachs Read More »