Reuters UK Business

LONDON (Reuters) – Weak growth across Britain’s construction sector picked up modestly in May, despite an increasingly severe downturn in house-building activity prompted by rising interest rates, a survey showed on Tuesday. The S&P Global/CIPS UK Construction Purchasing Managers’ Index (PMI) rose to 51.6 from 51.1 in April. A Reuters poll of economists had pointed …

UK construction growth edges up, despite housing slump: PMI Read More »

LONDON (Reuters) – UK investors backed money market funds in May at the fastest rate since the country’s failed ‘mini-budget’ last year, opting for caution after a volatile period in global banking, funds network Calastone said on Tuesday. Calastone’s fund flow index showed net inflows to money market funds of 419 million pounds ($521 million) …

UK investors back money market funds in May, ditch ESG funds Read More »

LONDON (Reuters) -Tens of thousands of employees of British Airways, the UK drugstore chain Boots and Britain’s BBC were among those who had their personal data exposed following a wide-ranging breach centered on a popular file transfer tool, the organizations confirmed on Monday. BA, the BBC and Boots said the breach occurred at their payroll …

BA, BBC and Boots caught up in file transfer hack Read More »

BRUSSELS (Reuters) – Euro zone producer prices fell for a seventh consecutive month in April, data showed on Monday, almost entirely due to declining energy prices. The European Union’s statistics office Eurostat said prices at factory gates in the 20 countries sharing the euro fell 3.2% in April from March and were 1.0% higher year-on-year. …

Euro zone producer prices down for seventh month in April Read More »

(Reuters) – Russia’s finance ministry said on Monday it would sell 3.6 billion roubles’ ($44.3 million) worth of foreign currency a day between June 7 and July 6, an increase in the volume of daily operations from the previous month. After a hiatus of several months, Russia resumed foreign currency interventions in January, selling yuan …

Russia to increase daily forex sales in coming month Read More »

LONDON(Reuters) – A European committee that reviews disputes in the credit default swaps (CDS) market said on Monday that a bankruptcy credit event has not occurred in relation to Casino Guichard Perruchon, dashing investor hopes for a payout on the company’s CDS. The EMEA Credit Derivatives Determination Committee (CDDC) met on Friday to discuss the …

CDS committee says bankruptcy credit event has not occurred for Casino Read More »

By Shreyashi Sanyal (Reuters) -European shares were flat on Monday as markets struggled to hold on to the tailwind from a rebound seen last week, while London stocks led regional gains following upbeat performances by energy firms on the back of higher oil prices. The pan-European STOXX 600 index held near 462.5 points, trading barely …

European shares flat; London leads on oil boost Read More »