Reuters UK Business

Sweden’s Saab posts higher-than-expected 2024 organic sales growth

17 Jan 2025

COPENHAGEN (Reuters) -Swedish defence equipment maker Saab expects to report 2024 organic sales growth of 23.4%, it said on Friday, above its previous outlook at the upper end of a 15-20% range. The company, which competes with defence giants such as Lockheed Martin, France’s Dassault Aviation and Britain’s BAE Systems, is riding an industry-wide boom …

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EU says it is considering its options after BoE delays Basel bank rules

17 Jan 2025

LONDON (Reuters) -The European Union said on Friday it was considering its options after Britain announced it was delaying implementation of tougher global bank rules until 2027, adding it was in “everyone’s interest” to implement the reforms fully and on time. “(The EU) is now considering which steps to take on this in light of …

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Analysis-Corporate hedging to save debt costs may have worsened 10yr sell-off

17 Jan 2025

By Shankar Ramakrishnan and Davide Barbuscia (Reuters) – A sell-off in U.S. Treasury markets in recent weeks was likely made worse by corporate plans to borrow nearly $190 billion in the bond market this month, bankers and analysts said, highlighting a risk for markets that is likely to persist this year. The spillover from the …

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S&P calls UK borrowing cost jump a “concern”, but no immediate hit to rating

17 Jan 2025

LONDON (Reuters) – S&P Global called the recent jump in Britain’s bond market borrowing costs a “concern” on Friday, though said it wasn’t severe enough yet to have an immediate impact on the country’s AA credit rating. S&P, which has a ‘stable’ outlook on its UK rating, said though the fiscal position was “constrained”, it …

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DFS Furniture anticipates slower second-half growth amid rising costs

17 Jan 2025

(Reuters) -DFS Furniture said on Friday that it expects its second-half profit growth for fiscal 2025 to be lower than the first half while maintaining a cautious outlook, sending the British retailer’s shares down almost 3% in morning trade. DFS estimates its first-half profits to have surged as much as 95%, partly due to gains …

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Octopus Energy overtakes British Gas as UK’s largest energy supplier

17 Jan 2025

LONDON (Reuters) – Britain’s Octopus Energy has become the country’s largest energy supplier by market share, it said on Friday, citing data from consultancy Cornwall Insights. The data shows that Octopus Energy, which was launched nine years ago, has overtaken Centrica’s British Gas which had been the country’s largest energy supplier for the past 20 …

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ECB’s Stournaras says monetary easing should continue

17 Jan 2025

ATHENS (Reuters) – The European Central Bank should continue with monetary easing with a series of rate cuts in the coming period as possible further protectionism by the United States could hurt the euro zone’s moderate growth, the bank’s policymaker Yannis Stournaras said late on Thursday. Any further pressure on world trade from fresh protectionist …

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UK retail sales shrink unexpectedly in December, adding to glum data

17 Jan 2025

By Andy Bruce and Suban Abdulla LONDON (Reuters) -British retail sales fell unexpectedly in December, according to data on Friday that raised the risk of an economic contraction in the fourth quarter, adding to the challenges facing finance minister Rachel Reeves. Retail sales, adjusted for the inclusion of the Black Friday sales at the start …

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