(Reuters) – Medical device maker Belluscura on Wednesday said that its products sold in the United States could face levies of up to 20% and that the company was evaluating options to cut down on tariff and production costs in the long term. Belluscura, which focuses on developing portable oxygen technology and is headquartered in …
Medical device maker Belluscura expects 20% tariff on products sold in US Read More »
LONDON (Reuters) -Sterling edged up against the dollar on Wednesday, as heightened uncertainty over the outlook for U.S. trade policy kept the U.S. currency under pressure across the board, while a batch of softer UK inflation data dented the pound against the euro. British inflation slowed to an annual rate of 2.6% in March from …
Pound rises against dollar; UK inflation slows more than expected Read More »
(Reuters) -UK’s Hays said on Wednesday challenging market conditions for recruitment will likely persist into fiscal 2026, echoing industry concerns about a worsening job market driven by Europe’s economic struggles and an escalating global trade war. The fallout from a change of government in Germany and persistent inflation in the UK, both major markets for …
UK’s Hays warns recruitment likely to remain challenging into fiscal 2026 Read More »
By Chandini Monnappa (Reuters) -British business supplies distributor Bunzl cut its 2025 forecast and paused its share buyback programme on Wednesday, citing pressure on its North American business, sending shares down 25.7% to a near four-year low. The company said it was excluding from its outlook any potential impact from U.S. tariffs, which have led …
UK’s Bunzl cuts 2025 outlook, shares tank more than 25% Read More »
(Reuters) -UK homebuilder Barratt Redrow’s forward sales – a gauge of near-term demand – were 10.1% lower at the end of March from a year earlier, it said on Wednesday, but reiterated its target to build between 16,800 and 17,200 homes this year. Mounting concerns about the outlook for the UK and the global economy …
Barratt Redrow sticks to homebuilding target despite forward sales drop Read More »
(Reuters) – British outsourcer Mitie Group lifted its annual profit outlook on Wednesday and forecast double-digit percentage growth in revenue, encouraged by growth in services provided and as cost-checking measures from a turnaround plan pay off. The company also launched a share buyback programme of 125 million pounds ($165.8 million) and said costs related to …
UK outsourcer Mitie lifts annual profit outlook, launches buyback Read More »
LONDON (Reuters) – Britain’s Financial Reporting Council has opened an investigation into EY over its audit of Post Office Limited, it said on Wednesday, amid the lingering fallout from one of the country’s worst miscarriages of justice. The FRC said in a statement it will focus on the audit firm’s role in approving the Post …
Britain’s audit watchdog probes EY over Post Office scandal Read More »
By Angelo Amante and Crispian Balmer ROME (Reuters) – Defence Minister Guido Crosetto has said Britain is not fully sharing technologies with Italy and Japan in a major project to develop a new fighter jet and urged London to bring down the “barriers of selfishness”. In an interview with Reuters, Crosetto emphasised the importance of …
Italy says Britain is not sharing technology on fighter project Read More »
By Kanjyik Ghosh, Bipasha Dey and Yantoultra Ngui SINGAPORE (Reuters) -Sweden’s EQT has received commitments exceeding $10 billion for its new Asia-focused buyout fund and will reach its first close in April, the investment firm said on Wednesday. EQT launched the fundraising of its ninth regional private equity fund – BPEA Private Equity Fund IX, …
Sweden’s EQT receives over $10 billion for its new Asia fund Read More »
(Reuters) – Britain’s Financial Reporting Council said on Wednesday it is investigating accountancy firm EY’s audit of state-owned Post Office’s financial statements for the years ended March 2015 to 2018, with particular reference to issues related to the faulty Horizon IT system. (Reporting by Yamini Kalia in Bengaluru; Editing by Savio D’Souza)
