Reuters UK Business Archives - Page 190 of 3179

British homebuilder Vistry posts 11% sales growth on affordable housing demand

6 Nov 2025 6 Nov 2025

By Raechel Thankam Job (Reuters) -British homebuilder Vistry on Thursday reported a 11% year-on-year increase in overall sales since July 1 as demand for its affordable homes, mainly from housing associations, offset sluggish private market sales. Sales averaged 0.81 homes per outlet per week since July 1, up from 0.73 in the same period last …

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UK bank stocks rise after reports they may dodge budget tax raid

6 Nov 2025 6 Nov 2025

(Reuters) -A gauge of British bank stocks rose in steady markets on Thursday after the Financial Times reported Chancellor Rachel Reeves was set to spare them from a punitive budget tax raid. The FTSE 350 Banks Index gained 1.3%, outperforming the flat FTSE 100 and FTSE 250. By 0811 GMT, NatWest, Lloyds, Close Brothers, Standard …

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Spain’s September industrial output rises 1.7% year-on-year

6 Nov 2025 6 Nov 2025

(Reuters) -Spain’s seasonally- and calendar-adjusted industrial output rose 1.7% in September from the same month a year earlier, official data from the country’s National Statistics Institute (INE) showed on Thursday. INE revised down the year-on-year figure for the month of August to a 3.3% rise from an original 3.4% expansion. (Reporting by Javi West Larrañaga; …

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Diageo cuts 2026 forecast on weak US and China, leaves CEO role unresolved

6 Nov 2025 6 Nov 2025

(Reuters) -Diageo trimmed its fiscal 2026 sales and profit forecast on Thursday due to weakening demand in the United States and China, and did not announce a permanent CEO as some hoped, leaving lingering uncertainty over who will lead the world’s top spirits maker. The maker of Johnnie Walker whisky and Smirnoff vodka is trying …

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Harbour Energy cuts 250 UK jobs amid operations overhaul

6 Nov 2025 6 Nov 2025

(Reuters) -North Sea-focused Harbour Energy said on Thursday a review of its UK operations has led to about 250 job cuts, as Britain’s windfall tax continues to weigh on the oil and gas producer’s operations. North Sea producers have argued that the UK’s Energy Profit Levy (EPL), introduced in 2022 after energy prices surged following …

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UK’s National Grid first-half profit edges past market expectations

6 Nov 2025 6 Nov 2025

(Reuters) -Britain’s National Grid reported first-half adjusted profit slightly ahead of market expectations on Thursday, helped by higher UK electricity transmission revenue and increased investment across its regulated businesses. The company has been reshaping its portfolio under long-time Chief Executive John Pettigrew to focus on regulated electricity and gas networks by selling its U.S. onshore …

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UK’s ITV says budget uncertainty is hitting ad demand

6 Nov 2025 6 Nov 2025

LONDON (Reuters) -British broadcaster ITV warned advertising revenue would be 9% lower in the last quarter of 2025, reflecting pullback by advertisers after the government put Britain on notice of tax rises in the budget later this month. ITV, Britain’s biggest free-to-air commercial broadcaster, said it was seeing “widespread caution” across sectors as brands braced …

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Uniper sells hydropower for 2026, 2027 as part of hedging strategy

6 Nov 2025 6 Nov 2025

FRANKFURT (Reuters) -German utility Uniper has sold sizeable quantities of its future hydropower and nuclear output as part of its hedging strategy, the company said in a presentation for analysts on Thursday. Uniper has sold 40% of its German hydropower output for 2026 at an average price of 92 euros ($107.29) per megawatt hour and …

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UK’s Hiscox posts 5.9% rise in gross written premiums for first nine months of year

6 Nov 2025 6 Nov 2025

(Reuters) -British insurer Hiscox posted a 5.9% increase in its group insurance contract written premiums for the first nine months of the year on Thursday, driven by continued growth in all its business segments. (Reporting by Rishab Shaju in Bengaluru; Editing by Rashmi Aich)

Legrand’s sales rise on strong data centre demand

6 Nov 2025 6 Nov 2025

By Mathias de Rozario (Reuters) -French electrical equipment maker Legrand on Thursday reported sales growth of 11.9% in the first nine months of the year, slightly below expectations, citing demand for infrastructure related to data centres. Its sales came in at 6.97 billion euros ($8.13 billion) over the period, compared with the average analyst forecast …

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