LONDON (Reuters) -British house prices rose at their fastest annual pace in almost two years in November, adding to signs of resilience in the property market despite high borrowing costs, official data showed on Wednesday. Average house prices rose by 3.3% in the 12 months to November – the fastest increase since February 2023 – …
UK house prices rise by most since February 2023, ONS says Read More »
MOSCOW (Reuters) – The Kremlin said on Wednesday that European Union sanctions on imports of Russian primary aluminium would risk destabilising an already ‘fragile’ global market. Reuters reported on Tuesday that the European Commission intends to propose a ban on imports of Russian primary aluminium in its 16th package of sanctions against Russia over its …
By James Davey LONDON (Reuters) – British electricals retailer Currys raised its annual profit outlook after reporting a 2% rise in underlying sales for the Christmas trading period, with strong demand for mobile phones, gaming and computing offsetting weaker trends in TVs. The group said like-for-like sales in its UK & Ireland division rose 2% …
UK’s Currys raises profit outlook after Christmas sales rise Read More »
LONDON (Reuters) – Britain’s National Energy System Operator (NESO) will suspend the applications process for new grid connections from later this month to allow it to focus on reforms, it said on Wednesday. In November, Britain’s energy market regulator Ofgem proposed new regulations for grid companies to try to tackle the backlog of renewables projects …
UK grid operator pauses connection applications to allow reform Read More »
BERLIN (Reuters) – Germany can only hope for a tangible economic recovery once there is clarity on the economic, financial and geopolitical outlook, the economy ministry said in its monthly report on Wednesday, after annual data showed a 2024 recession. Global production of industrial products is modest as is the outlook for German trade, the …
German ministry warns 2025 uncertainty to weigh on economic recovery Read More »
By Timour Azhari LONDON (Reuters) – Iraq and British oil major BP will sign a mammoth deal covering four Kirkuk oil and gas fields by the first week of February, Oil Minister Hayan Abdel-Ghani told Reuters during a visit to Britain. He said it would be larger than a 2023 TotalEnergies deal in Basra, valued …
Iraq and BP to sign Kirkuk oil and gas deal by first week of Feb, oil minister says Read More »
FRANKFURT (Reuters) -The European Central Bank is likely to keep easing policy this year but needs to be cautious as exceptional uncertainty, from a potential global trade war to domestic politics, cloud the outlook, two of the bank’s top officials said on Wednesday. The ECB cut interest rates four times last year and investors see …
ECB must be prudent with rate cuts given high uncertainty, officials say Read More »
By Sinead Cruise and Lawrence White LONDON (Reuters) – Britain’s banks are accepting smaller profit margins and bigger risks on UK mortgage lending as stress in sterling money markets stretches into a second week, industry sources said, with appetite to lend greater than worries about higher funding costs. The cost for banks of hedging their …
UK banks resist mortgage rate hikes amid money market turmoil Read More »
PRAGUE (Reuters) – Global deliveries for Czech carmaker Skoda Auto, part of the Volkswagen Group, rose by 6.9% in 2024, to 926,600 vehicles, boosted by rising sales in Europe as other markets drop, the company said on Wednesday. Germany remained Skoda’s biggest market, with deliveries rising by 18.5% year-on-year, while sales in India and China …
VW’s Skoda Auto posts 6.9% rise in 2024 deliveries Read More »
(Reuters) -Pfizer will sell shares worth 2.50 billion pounds ($3.05 billion) in Haleon, lowering its stake in the British consumer healthcare company to about 7.3% from 15%, its bookrunner JPMorgan said on Wednesday. The sale of 700 million Haleon shares at 357 pence apiece is a discount of about 2.8% to the stock’s closing price …
Pfizer to sell $3 billion stake in Sensodyne maker Haleon Read More »
