Reuters UK Business

LONDON (Reuters) -BT on Thursday defeated a 1.3 billion pound ($1.64 billion) lawsuit brought against the British telecoms company that alleged it had overcharged millions of customers for fixed telephone lines. The Competition Appeal Tribunal (CAT) in London ruled in favour of BT in a case which accused the former telecoms monopoly of excessively increasing …

BT defeats $1.6 billion UK lawsuit for customer ‘overcharging’ Read More »

By Jason Hovet PRAGUE (Reuters) -The Czech National Bank paused its year-long rate-cutting campaign as expected on Thursday, leaving its main rate at 4.00% as inflation pressures in the service sector kept it cautious. The Czech central bank board voted 5-2 to keep rates unchanged – with two members wanting a 25 basis point reduction …

Czech central bank pauses easing cycle as inflation lingers Read More »

By David Milliken and Suban Abdulla LONDON (Reuters) -Bank of England policymakers voted 6-3 to keep interest rates on hold on Thursday, a bigger split than economists had predicted as officials disagreed over how to respond to a slowing economy that remains beset by inflation pressures. Deputy Governor Dave Ramsden and the newest Monetary Policy …

Bank of England more split than expected over December rate decision Read More »

ROME (Reuters) – Italy’s government on Thursday called a vote of confidence in parliament on its deficit-cutting 2025 budget, a way of speeding up its approval to ensure the package becomes law by an end-year deadline. The budget aims to lower next year’s fiscal deficit to 3.3% of gross domestic product (GDP) from a targeted …

Italy govt calls confidence vote over deficit-cutting 2025 budget Read More »

(Reuters) -Accenture beat Wall Street estimates for first-quarter revenue and profit on Thursday, on the back of growing demand for its services to help clients adopt AI-powered tools, sending its shares up 6.5% in early trading. Businesses are placing an emphasis on scaling their AI projects and digitizing their core operations as well as data …

Accenture beats quarterly revenue estimates on strong demand for genAI services Read More »

By Savyata Mishra (Reuters) -Conagra Brands on Thursday joined rival General Mills in trimming its annual profit forecast and warning that price cuts on its products across grocery, snacks and frozen food items to spark demand will weigh on margins. Consumers, wary of higher grocery prices, have turned to cheaper private label brands, hurting sales …

Conagra trims profit forecast as higher inflation, promotions to dent margins Read More »

By Harry Robertson and Naomi Rovnick LONDON (Reuters) -A dovish message from the Bank of England on Thursday dented the outlook for sterling, one of the year’s best performing major currencies against the dollar, while bringing a reprieve to Britain’s battered government bond markets. The pound slipped and two-year gilt yields pulled back from seven-month …

Dovish BoE dents buoyant sterling but soothes battered gilts Read More »