Reuters UK Business

Ubisoft flags strong Q2 bookings in a report delayed by debt covenant breach

21 Nov 2025

By Leo Marchandon (Reuters) -French video game group Ubisoft reported quarterly bookings above its guidance on Friday, after a week-long delay in publishing the results related to an accounting change that led to a breach in a key debt covenant. The publication, originally scheduled for November 13, was postponed at the last minute. Upon a …

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UK economy stumbles in run-up to next week’s budget

21 Nov 2025

By David Milliken, Andy Bruce and William Schomberg LONDON (Reuters) -Measures of Britain’s businesses, consumers and public finances are all showing signs of deterioration in the run-up to next week’s budget when finance minister Rachel Reeves is expected to raise taxes again. Data released on Friday suggested that worries about the budget are weighing on …

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UK retail sales and consumer morale slide ahead of budget

21 Nov 2025

By Andy Bruce MANCHESTER, England (Reuters) -British retail sales tumbled in October and a closely watched gauge of household sentiment fell this month, adding to signs of waning consumer spending ahead of finance minister Rachel Reeves’ budget next week. Retail sales volumes fell by 1.1% in October compared with a month before, their first month-on-month …

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UK businesses put plans on hold before Reeves’ budget, PMI shows

21 Nov 2025

By David Milliken LONDON (Reuters) -British business growth ground almost to a halt this month, as companies put their plans on hold while they waited to see if next week’s government budget will raise the tax burden for a second year running, according to a major survey. The S&P Global Purchasing Managers’ Index composite flash …

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Tullow Oil shares hit record low on dim production outlook, debt refinancing talks

21 Nov 2025

By Ankita Bora and Yadarisa Shabong (Reuters) -Tullow Oil warned on Friday that 2025 production will be at the lower end of its forecast as it races to refinance its capital amid mounting debt and overdue payments from the Ghanaian government, sending its shares to a record low.  Despite recent asset sales and progress in …

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Juventus raises nearly 98 million euros through capital hike

21 Nov 2025

(Reuters) -Juventus said on Friday it had raised 97.8 million euros ($112.9 million) through a share placement to institutional investors, a move aimed at funding its multi-year strategic plan. The Turin-based soccer club completed the capital hike by placing 37.9 million new ordinary shares, equal to 9.1% of its capital following the placement, at a …

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Energy bills to edge higher for most Britons after 0.2% price cap rise

21 Nov 2025

By Susanna Twidale LONDON (Reuters) -Millions of British households will see energy bills edge higher next year after regulator Ofgem said it would increase its domestic price cap by 0.2% from January due to higher policy costs. The rise, though small, will be a blow for the government which has pledged to reduce energy prices …

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UK borrowing climbs, showing scale of budget task facing Reeves

21 Nov 2025

By William Schomberg LONDON (Reuters) -Britain’s borrowing in the first seven months of the financial year was the highest on record except during the COVID pandemic, according to data that lays bare the scale of the challenge facing finance minister Rachel Reeves in her budget next week. Government borrowing between April and October totalled 116.8 …

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England’s Manchester launches 1 billion-pound ‘good growth’ fund

21 Nov 2025

STOCKPORT, England (Reuters) -The northern English city of Manchester on Thursday launched a 1 billion-pound ($1.31 billion) fund to invest in housing and employment projects, marking a major step in Britain’s process of devolving power to its regions. The “Good Growth Fund”, the largest of its type, will allocate 400 million pounds in its first …

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