Reuters UK Business

Wegovy reaches Britain as NHS, private outlets receive weight loss drug

5 Sep 2023

By Maggie Fick LONDON (Reuters) -Britain’s National Health Service and two online sellers told Reuters they had received their first supplies of keenly anticipated Wegovy in Britain on Tuesday, a day after Novo Nordisk launched the weight-loss drug in its fifth market. High market expectations and booming demand for Wegovy, shown to help patients reduce …

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BT hangs up on new copper lines on its Openreach UK network

5 Sep 2023

LONDON (Reuters) – Britain’s BT stopped selling new voice copper telephone lines on its Openreach national network after more than a century, marking a milestone in its journey to a full fibre digital network. BT in 2017 signalled its intention to retire the copper-based public switched telephone network (PSTN) by the end of 2025. “As …

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Firms face simpler climate reporting under EU deal with GRI

5 Sep 2023

By Huw Jones LONDON (Reuters) – A European Union body and a global standard setter said on Tuesday they have reached a “milestone” on helping international companies avoid costly duplication in climate-related disclosures. Several sets of mandatory disclosure norms are being finalised to replace a patchwork of voluntary private sector best practices. Regulators see this …

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European shares fall as weak China, euro zone data dents appetite

5 Sep 2023

By Sruthi Shankar and Shashwat Chauhan (Reuters) -European shares fell on Tuesday as weak services sector data from China and the euro zone fuelled concerns about slowing global growth, though gains in energy stocks helped crimp losses. The pan-European STOXX 600 index ended the session 0.2% lower, logging its fifth consecutive session of declines, though …

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German finance minister: 2024 budget just a first step in fiscal normalization

5 Sep 2023

BERLIN (Reuters) – Germany’s budget for 2024 is just a first step towards the needed normalization of fiscal policy, said German Finance Minister Christian Lindner on Tuesday. “We need to recognise our new fiscal realities,” he said while presenting the draft for the 2024 budget and financial plans through 2027 to parliament. “We need to …

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UK consumers ‘very thoughtful’ on big ticket spending -Asda chairman

5 Sep 2023

LONDON (Reuters) -Britons are thinking very hard about spending on so-called big ticket items, the chairman of supermarket Asda said on Tuesday. “There is no doubt about it, public confidence is down, people are thoughtful about spending money because they have to be, people are very thoughtful about big ticket spending,” Stuart Rose told LBC …

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UK’s discount retailer B&M to buy 51 stores of collapsed Wilko

5 Sep 2023

(Reuters) – British discount retailer B&M said on Tuesday it will acquire 51 stores of collapsed Wilko, a month after the homeware and household goods discount retailer fell into administration. The acquisition of the assets will be for a maximum consideration of 13 million pounds ($16.29 million), B&M added. Wilko fell into administration in August …

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UK new car sales jump 24% in August – industry body

5 Sep 2023

(Reuters) -British new car registrations rose 24.4% in August from a year earlier, final industry data showed on Tuesday, with demand for battery electric vehicles (BEV) hitting a record for the month. The Society of Motor Manufacturers and Traders (SMMT) said 85,657 new vehicles were registered in “typically a quieter month”, powered by an increase …

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Euro zone producer prices drop for seventh month in July

5 Sep 2023

BRUSSELS (Reuters) – Euro zone producer prices fell for a seventh consecutive month in July, data showed on Tuesday, with figures sharply lower than a year earlier possibly offering some comfort to the European Central Bank. The European Union’s statistics office Eurostat said prices at factory gates in the 20 countries sharing the euro fell …

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