Reuters UK Business

By William Schomberg and Andy Bruce LONDON (Reuters) -British pay growth accelerated in late 2024, according to data that suggested the jobs market was holding up and underscored why the Bank of England has been cautious about cutting interest rates despite a weak overall economy. Private-sector pay excluding bonuses – the BoE’s main gauge of …

UK’s accelerating wage growth highlights BoE’s inflation caution Read More »

(Reuters) – Consumer prices in France were up 1.8% year-on-year in January, statistics office INSEE said on Tuesday, in line with analysts’ expectations and the preliminary reading. Analysts in a Reuters poll had on average expected a preliminary EU-harmonised inflation figure of 1.8% in January. Price increases in services and energy, up 2.5% and 1.6% …

French consumer inflation confirmed at +1.8% y/y in January Read More »

By Leo Marchandon and Mara Vilcu (Reuters) – French IT consulting firm Capgemini reported a 2% drop in its annual constant currency sales on Tuesday, but narrowly beat market expectations, helped by sustained demand for its cloud and AI services. However, its shares fell 7.7% by 0825 GMT. Analysts at J.P.Morgan said in a note …

Capgemini sales fall less than expected, but soft outlook knocks shares Read More »

LONDON (Reuters) -Anglo American said on Tuesday it will sell its nickel business to a unit of Hong Kong-listed MMG Ltd for up to $500 million, as a broader restructuring aimed at refocusing its operations on copper and iron ore mining is well under way. The nickel business includes two ferronickel and two greenfield projects …

Anglo American to sell nickel business for up to $500 million Read More »

(Reuters) -U.S. fund KKR has signed an agreement with Italy’s Eni to buy an additional 5% stake in Eni’s biofuel business Enilive for 587.5 million euros ($614.17 million), bringing its total stake to 30%, the energy group said on Tuesday. KKR signed an agreement in October to buy a 25% stake in Enilive. The closing …

KKR to buy additional 5% stake in Eni biofuel business Read More »

By Lefteris Papadimas ATHENS (Reuters) – The sound of hammer blows and welding drifted from the Skaramangas Shipyard near Athens last month as workers repaired the bow of a large tanker, while other vessels waited to be fixed in a dry dock nearby. The activity marks a major turnaround for the shipyard: a year ago, …

‘We are back’ Greek shipyards say after decades of pain Read More »

(Reuters) -Bank of Cyprus reported a 4% increase in full-year net profit on Tuesday and said it would propose the distribution of 211 million euros ($220.81 million) in dividends and a 30 million euro share buyback, representing a 50% payout ratio. “We recognise the importance of continuing to deliver attractive shareholder returns and hence we …

Bank of Cyprus full-year net profit rises 4% Read More »