Reuters UK Business

By Noele Illien ZURICH (Reuters) -The Swiss National Bank will provide funds secured against mortgages to all commercial banks, expanding liquidity provision to the sector, Vice Chairman Martin Schlegel said on Thursday. To take advantage of the support, which had previously only been available to systemically important banks, lenders must be able to transfer the …

Swiss National Bank to expand liquidity provision to banks – Vice-Chairman Read More »

By James Davey LONDON (Reuters) -British clothing retailer Next cautioned a softening in the labour market could dent consumer demand in 2024, taking the shine off a third profit upgrade in four months for its current financial year. Britain’s consumers have largely defied high inflation, which peaked at 11.1% in October, and rising borrowing costs …

UK’s Next sounds alarm over cooling labour market Read More »

DUBLIN (Reuters) – Ryanair said on Thursday it will cut 17 routes from its winter schedule at Dublin airport and move all 19 of its new Boeing 737 MAX planes to other European airports that offer incentives to fly quieter, lower CO2 emission aircraft. The Irish airline, Europe’s largest by passenger numbers, cited increased passenger …

Ryanair cuts routes, aircraft from Dublin where no ‘incentives’ to grow Read More »

FRANKFURT (Reuters) -Euro zone inflation is stubbornly high with upside risks, so the European Central Bank’s next move could still be a rate increase, policymakers said on Thursday. The ECB raised its deposit rates at each of its past 10 meetings to a record high 4% but signalled a pause for October, leading markets to …

ECB policymakers warn over stubborn inflation Read More »

By William Schomberg LONDON (Reuters) – The Bank of England will announce on Thursday whether it is halting a run of interest rate hikes that stretches back to December 2021, a day after signs that it had turned a corner in tackling Britain’s high inflation problem. Investors piled into bets on the BoE keeping Bank …

Bank of England on brink of rate hike pause after inflation surprise Read More »

By Simon Johnson and Niklas Pollard STOCKHOLM (Reuters) -Sweden’s central bank raised its key policy rate by a quarter percentage point to 4.00%, as expected, on Thursday and said it might need to do more to bring inflation back to its 2% target. The Riksbank has now increased the policy rate at eight consecutive meetings …

Swedish central bank tightens policy, says it may need to do more Read More »

By Bansari Mayur Kamdar (Reuters) -European shares fell on Thursday, tracking overnight losses on Wall Street after the U.S. Federal Reserve signalled higher-for-longer interest rates, while investors awaited a key policy decision from the Bank of England. The pan-European STOXX 600 index was down 0.6% by 0808 GMT, with travel and leisure stocks shedding 2.1%. …

European shares slide on hawkish Fed; BoE up next Read More »

By Renee Maltezou ATHENS (Reuters) – Greek public sector workers including teachers, doctors and transport staff walked off the job on Thursday to protest against labour law changes the conservative government plans, months after it was re-elected. Prime Minister Kyriakos Mitsotakis’ government says the overhaul would eliminate undeclared work and boost employment overall, but the …

Greek state workers strike against government labour law plans Read More »