Reuters UK Business

By Harry Robertson and Amanda Cooper LONDON (Reuters) – Traders cut their bets on a continuing rally in the pound by the most since mid-June ahead of a Bank of England rate decision on Thursday, after inflation slowed more than expected last month. Sterling has surged 24% from a record low of $1.033 against the …

Cracks show in bullish sterling bets before BoE rate decision Read More »

By Eva Mathews (Reuters) -Britain’s Senior forecast a strong second half of the year on Monday, after adjusted profits for the first six months doubled, propelled by easing supply chain issues in its aircraft parts business and strong demand in the auto and power unit. The engineering firm, whose customers include Boeing and Airbus, is …

Boeing supplier Senior sees strong H2 as demand picks up, supply issues ease Read More »

BRUSSELS (Reuters) – The euro zone returned to growth in the second quarter of 2023, with a greater than expected expansion after narrowly avoiding a technical recession around the turn of the year, preliminary data showed on Monday. Gross domestic product in the euro zone expanded by 0.3% in the second quarter, above expectations of …

Euro zone pulls out of dip with higher growth than expected Read More »

MADRID (Reuters) -French car parking lot operator Indigo has agreed to buy Spanish rival, Parkia, for between 600 million euros ($660.96 million) and 650 million euros, a company spokesperson said on Monday. Spanish newspaper Expansion earlier on Monday reported Indigo would pay 700 million euros. Parkia, which operates about 70 parking lots in Spain and …

French parking lot operator Indigo buys Spanish rival Parkia Read More »

By Philip Blenkinsop BRUSSELS (Reuters) – Heineken, the world’s second-largest brewer, cut its 2023 profit growth forecast on Monday after an economic slowdown in Vietnam and price hikes squeezed sales volumes, depressing first-half earnings by more than expected. The Dutch company, which owns brands including Tiger and Sol, said it now expected operating profit growth …

Heineken cuts 2023 forecast as price hikes squeeze sales, Vietnam weighs Read More »

LONDON (Reuters) – British lenders approved many more mortgages than expected in June and net unsecured lending to consumers shot up by the most in over five years, Bank of England data showed on Monday. Banks and building societies approved 54,662 mortgages in June, the most since October 2022, Bank of England data showed on …

UK mortgage approvals and consumer credit jump in June: BoE Read More »

By John Revill ZURICH (Reuters) -The Swiss National Bank said on Monday it lost 13.2 billion Swiss francs ($15.14 billion) in the second quarter, despite raking in interest income of nearly 900 million francs on emergency loans to Credit Suisse and UBS. Switzerland’s central bank lent 168 billion francs to first support Credit Suisse and …

Swiss National Bank hit by $15 billion second quarter loss Read More »

MILAN (Reuters) -Italy’s AGCM competition watchdog on Monday said it had accepted commitments proposed by Alphabet’s unit Google to end a case over the tech giant’s alleged abuse of its dominant position in the user data portability market. The regulator opened the investigation last year following a complaint from Italian start-up company Hoda which accused Google …

Italy’s antitrust OKs Google’s commitments to end data portability case Read More »

By Sruthi Shankar (Reuters) – European shares were broadly flat on Monday ahead of data that is expected to show euro zone inflation eased in July, likely supporting the view that the European Central Bank will hold off from hiking interest rates again next month. The pan-European STOXX 600 struggled for direction, pulling back from …

European shares flat ahead of inflation data; Heineken drags Read More »