Reuters UK Business

Ukraine bonds staged October rally as Trump prospects weighed

1 Nov 2024

LONDON (Reuters) – Ukraine’s international bonds rallied sharply in October as markets placed bigger bets on the chance of a second Donald Trump presidency following U.S. elections next week, with some believing it may result in a quicker end to conflict. The country’s dollar-denominated bonds, which launched in early September after the country’s debt restructuring, …

Ukraine bonds staged October rally as Trump prospects weighed Read More »

Czech central bank likely to continue rate cuts, analysts say: Reuters poll

1 Nov 2024

By Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) is likely to deliver an eighth straight interest rate cut next week as economic growth is expected to stay weak and inflation holds near target, a Reuters poll showed on Friday. The central bank has slowed the pace of the easing campaign it started …

Czech central bank likely to continue rate cuts, analysts say: Reuters poll Read More »

Russian butter prices soar, testing Putin pledge to supply both ‘guns and butter’

1 Nov 2024

By Guy Faulconbridge and Andrew Osborn MOSCOW (Reuters) – President Vladimir Putin says that Russia’s war economy is well balanced to supply both guns and butter, but the price of butter itself is now soaring as surging inflation distorts parts of the economy. The price of a block of butter has risen by 25.7% since …

Russian butter prices soar, testing Putin pledge to supply both ‘guns and butter’ Read More »

France steps up efforts at examining how to protect struggling IT company Atos

1 Nov 2024

PARIS (Reuters) – France stepped up efforts on Friday to protect Atos, the country’s struggling and debt-ridden software company which is undergoing a restructuring. The parliament’s Finance Commission said on Friday it had adopted an amendment that could lead to a nationalisation of Atos. On Thursday, the French state also subscribed to a capital increase …

France steps up efforts at examining how to protect struggling IT company Atos Read More »

Denmark’s DFDS ends deal to buy transport network from Turkey’s Ekol

1 Nov 2024

COPENHAGEN (Reuters) – Danish shipping and logistics firm DFDS said on Friday it had terminated a share purchase agreement with Ekol Logistics and that a deal struck in April to buy the Turkish group’s international transport network would no longer take place. “As certain contractual conditions have not been satisfied by the agreed deadline, DFDS …

Denmark’s DFDS ends deal to buy transport network from Turkey’s Ekol Read More »

Secure Trust Bank warns on profit after UK motor finance ruling

1 Nov 2024

By Yamini Kalia (Reuters) -Britain’s Secure Trust Bank issued a profit warning on Friday after a court ruling on motor finance sparked uncertainty across the industry, prompting some banks including the company, Metro Bank, and Close Brothers to pause new lending. London’s Court of Appeal ruled in October that motor finance brokers must fully inform …

Secure Trust Bank warns on profit after UK motor finance ruling Read More »

Russian firms face challenge of customers failing to pay debts, says business lobby

1 Nov 2024

(Reuters) – Customers failing to pay on time was the leading factor hampering Russian businesses in the third quarter, major business union RSPP said on Friday, as companies grapple with high interest rates and logistics challenges. The Bank of Russia last week hiked its key interest rate by 200 basis points to 21%, the highest …

Russian firms face challenge of customers failing to pay debts, says business lobby Read More »

Intel rises on recovery hopes as it forecasts revenue above estimates

1 Nov 2024

By Max A. Cherney and Arsheeya Bajwa (Reuters) -Intel expressed optimism on Thursday about the future of its PC and server businesses, forecasting current-quarter revenue above estimates but warning that it had “a lot of work to do.” The chipmaker’s shares jumped more than 7% in extended trading, paring back bigger gains shortly after it …

Intel rises on recovery hopes as it forecasts revenue above estimates Read More »

UK year-ahead public inflation expectations rise to 3.3% in Oct, Citi/YouGov survey shows

1 Nov 2024

LONDON (Reuters) – British households’ expectations for inflation over the next 12 months rose again in October, adding to the likelihood that the Bank of England will only cut interest rates once a quarter, a monthly survey from Citi and YouGov showed on Friday. The survey showed expectations for inflation in a year’s time rose …

UK year-ahead public inflation expectations rise to 3.3% in Oct, Citi/YouGov survey shows Read More »

Close Bitnami banner
Bitnami