Reuters UK Business

By Pranav Kashyap (Reuters) -European shares fell to near six-month lows amid a global selloff in equities on fears of a slowdown in U.S. economic growth, with only a handful of stocks trading in the green. The pan-European STOXX 600 index was down 2.2% to 487.15 points, its lowest since Feb. 14, by 0827 GMT. …

European stocks drop as U.S. recession worries spark global selloff Read More »

By Hakan Ersen and Miranda Murray BERLIN (Reuters) -Infineon will cut 1,400 jobs and relocate 1,400 more, its CEO said on Monday, after third-quarter revenue missed expectations, prompting the German chipmaker to downgrade its full-year forecast for the third time in just a few months. The firm, which has around 58,600 staff worldwide according to …

Infineon cuts jobs and revenue guidance after Q3 miss Read More »

LONDON (Reuters) – British services companies reported an influx of new orders and the biggest rise in employment for over a year during July as optimism rose on the back of Prime Minister Keir Starmer’s election victory, a survey showed on Monday. The S&P Global UK Services Purchasing Managers Index rose in July to 52.5 …

Growth picks up among UK services firms after election result, PMI shows Read More »

ZURICH (Reuters) -The Swiss franc rose to its highest level against the euro in nearly a decade on Monday as heavy losses in stock markets, concerns over U.S. and global growth and tensions in the Middle East drew investors to the safe-haven currency. The franc has risen some 3.5% against the euro since the U.S. …

Swiss franc hits highest vs euro since 2015 amid volatile markets Read More »

By Prerna Bedi (Reuters) – British engineering firm Senior Plc posted a 10% rise in first-half profit on Monday as new and extended contracts with Airbus offset production issues with the Boeing 737 MAX. A combination of business with Airbus, Spirit Aerosystems , Rolls-Royce and other aerospace firms helped Senior in the first half, CEO …

UK’s Senior interim profit rises as Airbus contracts help mitigate Boeing concerns Read More »

LONDON (Reuters) – Growth in euro zone business activity stalled last month as a stuttering expansion in the bloc’s dominant services industry was compounded by a deeper downturn in the manufacturing sector, a survey showed on Monday. HCOB’s composite Purchasing Managers’ Index for the currency union, compiled by S&P Global and seen as a good …

Euro zone business growth at a standstill, July PMI shows Read More »

By Maria Martinez BERLIN (Reuters) – Growth in Germany’s services sector slowed for the second consecutive month in July, a survey showed on Monday, in a further sign that Europe’s biggest economy is losing steam. The HCOB final services Purchasing Managers’ Index eased to 52.5 in July from 53.1 in June, although it was slightly …

Upturn in German services activity loses momentum in July, PMI shows Read More »