Reuters UK Business

By Jesús Aguado MADRID (Reuters) -Sabadell forecast lower lending income in 2025 due to pressure from interest rate cuts, as the focus shifts towards the Spanish bank’s profitability outlook after BBVA’s failed bid and the sale of its British business TSB. Spanish banks’ margins are being squeezed by lower interest rates, after they previously benefited …

Sabadell flags lower lending income in 2025 as focus turns to standalone strategy Read More »

(Reuters) -British homebuilder Persimmon reported a 15% rise in its forward sales on Thursday as higher prices, affordability schemes and an expansion of its sales outlets supported demand amid consumer uncertainty ahead of the UK budget. The company’s net private sales rate rose 9% to 0.76 sales per outlet per week for the period from …

British homebuilder Persimmon’s forward sales rise despite consumer uncertainty Read More »

MADRID (Reuters) -Spain’s ACS is close to striking a 23 billion euro ($26.8 billion) partnership with BlackRock’s Global Infrastructure Partners to develop data centres, newspaper Expansion reported on Thursday, citing unnamed market sources. Under this agreement, the U.S. asset manager GIP is set to take a 50% stake in the ACS Digital & Energy unit, …

ACS, BlackRock to seal $27 billion data centre deal, report says Read More »

LONDON (Reuters) -British online fashion retailer ASOS said on Thursday a 238 million pounds ($319 million) refinancing would improve its liquidity headroom and reduce its interest bill, sending its shares higher. ASOS stock was up 4%, paring 2025 losses to 47%, after it said it had agreed a new 150 million pound term loan and …

UK’s ASOS cuts interest costs in $319 million refinancing Read More »

(Reuters) -British lender Shawbrook reported 14.6% growth in its loan book in the first nine months of 2025 and forecast medium-term profit to rise in the mid-to-high teens, in its first trading update since its initial public offering last month. The Essex-based bank, owned by private equity firms Pollen Street and BC Partners, had the …

UK’s Shawbrook loan book grows 15%, signals mid-to-high teens profit rise Read More »

(Corrects penultimate paragraph to show house price inflation of 1.9%, not 19%) LONDON (Reuters) -Britain’s housing market lost steam last month as demand faded from buyers concerned about possible tax increases in finance minister Rachel Reeves’ budget on November 26, a survey showed on Thursday. The Royal Institution of Chartered Surveyors’ measure of new buyer …

UK housing market slows as confidence falls ahead of budget, RICS survey shows Read More »