Reuters UK Business

By Toby Sterling AMSTERDAM (Reuters) – Semiconductor equipment maker ASML Holding NV reported lower-than-expected orders on Wednesday and warned of flat sales next year as customers conserve cash against an uncertain economic backdrop, hitting its shares. Europe’s largest technology firm said the semiconductor industry was probably near a trough but that “customers continue to be …

ASML warns of flat 2024 sales as chipmakers slow orders Read More »

By William Schomberg LONDON (Reuters) -Britain requires tens of billions of pounds of extra infrastructure investment each year between now and 2050 to meet the challenge of climate change and narrow the economic gulf between its rich and poorer regions, government advisors said. As well as new power networks and rail, road and broadband upgrades, …

‘Get on with it’: UK advisors call for infrastructure surge Read More »

By Naomi Rovnick, Nell Mackenzie and Marc Jones LONDON (Reuters) -An escalation of the Israel-Gaza war into a broader conflict could deliver another shock to world growth and halt disinflationary forces in their tracks. Market reaction has been modest so far, but that could change. “Whether this conflict remains limited to a confrontation between Hamas …

How Middle East tension could ripple through markets Read More »

LONDON (Reuters) – Pepco Group, the European discount retailer that issued two profit warnings last month, will slow down its rapid store opening programme to focus on rebuilding profitability, it said on Wednesday. The Warsaw-listed group, which owns the Pepco and Dealz brands in Europe and Poundland in Britain, said it would open at least …

European discounter Pepco to slow store openings Read More »

By Tom Wilson and Amanda Cooper LONDON (Reuters) -Sterling made slim gains on Wednesday after data showed UK inflation held steady in September, though above expectations for a slight retreat. UK consumer price inflation held at 6.7% in September, an 18-month low, showing no acceleration. It was, however, above expectations for a retreat to 6.6%. …

Sterling ticks up after UK inflation data marginally tops expectations Read More »

By Amruta Khandekar (Reuters) -European stocks inched lower on Wednesday as deepening fears over an escalation in the Middle East conflict and a drop in shares of chipmakers after ASML’s lacklustre forecast overshadowed support from upbeat Chinese economic data. The pan-European STOXX 600 index was down 0.2% by 8:27 GMT, falling for the second straight …

European shares slip as Middle East fears, chip stocks weigh Read More »

LONDON (Reuters) – Pepco Group, the European discount retailer that issued two profit warnings last month, will slow down its rapid store opening programme to focus on rebuilding profitability, it said on Wednesday. The Warsaw-listed group, which owns the Pepco and Dealz brands in Europe and Poundland in Britain, said it would open at least …

European discounter Pepco to slow store openings Read More »