Reuters UK Business

LONDON (Reuters) – Lloyds Banking Group CEO Charlie Nunn said on Tuesday he saw no risk his transformation plan for Britain’s biggest mortgage lender would be blown off course by the legal and regulatory scrutiny into its motor finance commission arrangements. Lloyds has provisioned 1.15 billion pounds ($1.49 billion) to cover the costs of a …

Lloyds Bank CEO says motor finance matters won’t derail transformation plan Read More »

BERLIN (Reuters) – Germany’s planned surge in borrowing to fund defence spending and revive growth heralds a new era for European security, the country’s likely next Chancellor Friedrich Merz told the Bundestag lower house of parliament on Tuesday. “We have for at least a decade felt a false sense of security,” said Merz, adding the …

Merz sees new era for European defence with German spending surge Read More »

By Stefano Rebaudo (Reuters) – Sterling hit a fresh 4-1/2-month high at $1.30 against the dollar on Tuesday on rising expectations the Bank of England will not cut interest rates later in the week, while the pound dropped against the euro, which was buoyed by Germany’s spending plans. The pound continued to be driven by …

Sterling briefly gains to $1.30 against the dollar, BoE in focus Read More »

MOSCOW (Reuters) – Russian billionaire Vladimir Potanin, CEO and shareholder of metals giant Nornickel, said on Tuesday he is considering projects in rare earths, noting that reserves in Russia and Russian-controlled Eastern Ukraine have been poorly studied. Rare earths and other critical metals, essential for high-tech industries, have gained global attention in recent months due …

Russian billionaire Potanin eyes rare earth metals exploration Read More »

By Andy Bruce (Reuters) – Virtual reality headsets will enter Britain’s inflation data next month while classified newspaper print adverts will disappear in an annual shake-up of the basket of goods and services used to calculate price rises. The renewal of the inflation basket offers a snapshot of technological shifts and Britons’ changing tastes. “The …

UK statisticians add VR headsets to inflation basket, cut newspaper ads Read More »

(Reuters) – British recruiter SThree’s net fees fell 15% year-on-year in the first quarter as economic uncertainty slowed hiring, it said on Tuesday. However the group, which focuses on roles in science, technology, engineering and mathematics, said permanent hiring had improved slightly from the quarter before, particularly in the U.S., one of its top two …

Recruiter SThree says net fees dip, but permanent hiring picking up Read More »