Reuters UK Business

BERLIN (Reuters) – Nearly half of Germany’s industrial companies want to expand abroad, according to a survey by consulting group EY published on Friday, in stark contrast with domestic investment, in which less than a sixth of respondents said they had plans. In a telephone survey of top managers from 115 industrial firms conducted in …

Nearly half of German industrial firms want to expand abroad, survey finds Read More »

By David Milliken LONDON (Reuters) – British factory activity contracted very slightly last month for the first time since April, pushed lower by fewer new orders and a broader lack of optimism in the run-up to the Labour government’s first budget, a major survey showed on Friday. The S&P Global UK Manufacturing Purchasing Managers’ Index …

UK factory activity shrinks slightly for first time since April, PMI shows Read More »

ZURICH (Reuters) – Swiss inflation fell to its lowest level in more than three years in October, government data showed on Friday, pointing towards more interest rate cuts by the Swiss National Bank this year and into 2025. Swiss consumer prices rose by 0.6% in October compared with the same month a year earlier, data …

Swiss inflation falls to lowest level in three years Read More »

ATHENS (Reuters) – Greece’s manufacturing sector saw a renewed expansion in output in October driven by producers efforts to build up stocks, but subdued demand persisted due to reluctance of key customers, S&P Global reported on Friday. The seasonally adjusted S&P Global Greece Manufacturing Purchasing Managers’ Index (PMI) rose to 51.2 in October from 50.3 …

Greek factory output grows but demand stays weak in October, PMI shows Read More »

(Reuters) – Ratings agency Moody’s said British finance minister Rachel Reeves’ first budget will create new challenges to efforts to strengthen Britain’s public finances, with the UK still facing muted growth, the Financial Times reported on Friday. “In our view, the increase in borrowing, which is in part supported by a new measure of debt …

Moody’s says UK budget poses new challenge for public finances, FT reports Read More »

(Reuters) – Tesco, Britain’s biggest supermarket group, said on Friday that it intended to return 700 million pounds ($902.51 million) to shareholders through an incremental share buyback, as it had completed its banking operations sale to Barclays. The new programme is expected to start after the completion of the current 1 billion pound share buyback, …

Britain’s Tesco intends to return $902.5 million via additional share buyback Read More »