Reuters UK Business

FRANKFURT (Reuters) -Dutch bank ABN Amro is seeking to further expand in Germany as it is nearing a deal to acquire HSBC’s wealth management unit in the country, newspaper Boersenzeitung reported on Friday, without specifying its sources. The takeover of the business, formerly known as Trinkaus & Burkhardt, could be announced over the next two …

ABN Amro nears deal to buy HSBC’s German private bank, Boersenzeitung says Read More »

By Amy-Jo Crowley and Emma-Victoria Farr FRANKFURT/LONDON (Reuters) – State Street, BNP Paribas and Caceis are lining up as potential bidders for the sale of HSBC Germany’s fund administration unit INKA and custody business, three sources familiar with the matter told Reuters. The process is due to launch in the next couple of weeks, as …

Bidders line up for HSBC’s German fund administration and custody units, sources say Read More »

By David Milliken LONDON (Reuters) – British businesses are expanding at the slowest pace since the economy was in recession last year, as some companies put big decisions on hold until after July 4’s election, a survey showed on Friday. Opinion polls show Keir Starmer’s Labour Party is set to return to power for the …

Election nerves push UK business growth to 7-month low, PMI shows Read More »

BERLIN (Reuters) – German residential property prices continued to fall in the first quarter of this year, dropping by an average of 5.7% year-on-year, even after the biggest slump on record in 2023, federal statistics office data showed on Friday. High financing and construction costs continue to weigh on Europe’s biggest economy, triggering the most …

German residential property prices keep falling in Q1 Read More »

LONDON (Reuters) – Euro zone business growth slowed sharply this month as demand fell for the first time since February, a survey found, with the bloc’s services industry showing some signs of weakening while the downturn in manufacturing took a turn for the worse. That was despite the European Central Bank delivering a widely telegraphed …

Euro zone business recovery slows sharply in June, PMI shows Read More »

By David Milliken LONDON (Reuters) -British public debt rose last month to its highest as a share of the economy since 1961, data showed on Friday, adding to the financial challenges the next government will face as soon as it comes to power after a general election in two weeks’ time. Public sector net debt, …

UK public debt rises to highest since 1961 ahead of election Read More »

By Suban Abdulla LONDON (Reuters) -British retail sales jumped sharply last month after heavy rain kept shoppers away in April, official figures showed on Friday, in a minor boost for Prime Minister Rishi Sunak ahead of the July 4 election. Sales volumes rose 2.9% in May, up from a revised 1.8% fall in April, the …

UK retail sales rebound in May but shoppers still cautious Read More »

By Mike Stone, Allison Lampert and Tim Hepher (Reuters) – Boeing is nearing a deal to buy back Spirit AeroSystems after its former subsidiary made substantial progress in separate talks with Airbus over a transatlantic breakup of the struggling supplier, people familiar with the matter said on Thursday. Boeing initiated talks earlier this year to …

Exclusive-Boeing nearing deal with supplier Spirit Aero after months of talks, sources say Read More »

(Reuters) -Nvidia’s shares declined nearly 3.4% on Thursday, handing the title of the world’s most valuable company back to Microsoft. Nvidia, whose market capitalization surpassed that of Microsoft on Tuesday, was set to lose around $91 billion to its last closing market value of $3.34 trillion, at the current level of $131.88. Microsoft’s market value …

Nvidia loses top spot to Microsoft after 3% drop Read More »