Reuters UK Business

By Prerna Bedi (Reuters) – British engineering firm Senior Plc posted a 10% rise in first-half profit on Monday as new and extended contracts with Airbus offset production issues with the Boeing 737 MAX. A combination of business with Airbus, Spirit Aerosystems , Rolls-Royce and other aerospace firms helped Senior in the first half, CEO …

UK’s Senior interim profit rises as Airbus contracts help mitigate Boeing concerns Read More »

LONDON (Reuters) – Growth in euro zone business activity stalled last month as a stuttering expansion in the bloc’s dominant services industry was compounded by a deeper downturn in the manufacturing sector, a survey showed on Monday. HCOB’s composite Purchasing Managers’ Index for the currency union, compiled by S&P Global and seen as a good …

Euro zone business growth at a standstill, July PMI shows Read More »

By Maria Martinez BERLIN (Reuters) – Growth in Germany’s services sector slowed for the second consecutive month in July, a survey showed on Monday, in a further sign that Europe’s biggest economy is losing steam. The HCOB final services Purchasing Managers’ Index eased to 52.5 in July from 53.1 in June, although it was slightly …

Upturn in German services activity loses momentum in July, PMI shows Read More »

By Maria Martinez BERLIN (Reuters) – Growth in Germany’s services sector slowed for the second consecutive month in July, a survey showed on Monday, in a further sign that Europe’s biggest economy is losing steam. The HCOB final services Purchasing Managers’ Index eased to 52.5 in July from 53.1 in June, although it was slightly …

Upturn in German services activity loses momentum in July, PMI shows Read More »

By Anirban Sen (Reuters) -Family-owned packaged food giant Mars, whose candy brands include M&M’s and Snickers, is exploring a potential acquisition of Kellanova, maker of snacks such as Cheez-It and Pringles, according to people familiar with the matter.  A deal would be one of the biggest ever in the packaged food sector, given Kellanova’s market …

Exclusive-Snickers maker Mars explores acquisition of Kellanova, sources say Read More »

(Reuters) – Britain’s new government said on Saturday it will hold an international investment summit on October 14. Prime Minister Keir Starmer will bring together up to 300 industry leaders to catalyse investment in the UK, the British government said in a statement. Business minister Jonathan Reynolds is expected to argue to investors that the …

Britain to hold international investment summit on Oct. 14 Read More »

By Jonathan Stempel (Reuters) – Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half its stake in Apple, even as the conglomerate posted a record quarterly operating profit. Berkshire’s results released on Saturday suggest the 93-year-old Buffett, one of the world’s most …

Berkshire halves Apple stake, boosts cash to $277 billion as it gets ‘defensive’ Read More »

(Reuters) -Abrdn finance chief Jason Windsor is the front-runner to become the next chief executive of the British fund manager following the departure of Stephen Bird, the Financial Times reported on Saturday. Windsor could be formally elevated to the top job as soon as Tuesday when the company reports half-year results, the newspaper reported, citing …

Abrdn finance chief Jason Windsor to replace Stephen Bird as CEO, Financial Times reports Read More »

By Nell Mackenzie LONDON (Reuters) – (This Aug. 2 story has been corrected to read ‘wanes for,’ not ‘hit by,’ in the headline and to clarify that the 15% refers to those willing to increase their exposure to multi-manager strategies in paragraph 2) Global investor appetite for the most expensive multi-strategy hedge funds has fallen, …

Hedge fund investor appetite wanes for high fees and private credit, says Goldman Sachs Read More »