Reuters UK Business

(Reuters) -Britain’s new car sales grew 16.7% in May, boosted by petrol-powered cars and large fleet vehicles, despite the growth lagging 21% below pre-pandemic levels, an industry body said on Monday. The Society of Motor Manufacturers and Traders (SMMT) said new car sales rose to 145,204 units last month, the 10th consecutive month of growth. …

Petrol cars boost Britain’s new car sales in May, says UK auto industry body Read More »

By Suban Abdulla LONDON (Reuters) – British services firms reported the strongest input cost pressures in three months in May and a steep increase in prices charged against a backdrop of solid growth, adding further pressure on the Bank of England to keep raising interest rates. The final S&P Global/CIPS UK Services Purchasing Managers’ Index …

Higher wage costs force UK services firms to push up prices: PMI Read More »

BERLIN (Reuters) – Investors got more gloomy on prospects for the euro zone economy in June, dragged down by negative expectations for Germany, Europe’s biggest economy, a survey showed on Monday. Economic analysis company Sentix said its monthly survey on investor views on the 20-member euro zone, which gauges whether investors are positive or negative …

Eurozone investor mood darkens due to ‘problem child’ Germany, survey finds Read More »

LONDON (Reuters) – Euro zone business activity was shored up last month by the bloc’s dominant services industry offsetting a deepening decline in the manufacturing sector, according to a survey which also showed overall price pressures had abated. HCOB’s final Composite Purchasing Managers’ Index (PMI), compiled by S&P Global and seen as a good gauge …

Euro zone business growth slowed in May as factories struggled-PMI Read More »

BERLIN (Reuters) – German engineering companies’ order books fell significantly in April, reversing the “small ray of hope” seen in the prior month’s figures, the VDMA engineering association said on Monday. April orders were 20% lower compared with the same month last year, with domestic orders down 15% and foreign orders down 23%, according to …

German engineering orders back to double-digit drop in April – VDMA Read More »

By Shristi Achar A and Johann M Cherian (Reuters) – Even as higher costs of borrowing continue to choke dealmaking, fund managers and bankers believe smaller UK-listed firms remain attractive to private equity players flush with unspent funds of nearly a trillion dollars. Central banks have been battling high prices by hiking borrowing costs for …

Analysis-Smaller UK firms attractive targets for PE buyouts Read More »

By Joanna Plucinska and Tim Hepher ISTANBUL (Reuters) – Lufthansa’s Chief Executive Carsten Spohr said on Sunday it was too soon to discuss the German airline group’s potential interest in taking over Portugal’s TAP as the Portuguese government is still debating the privatisation process. Portugal wants to keep a strategic stake in state-owned airline TAP …

Lufthansa CEO says it’s premature to discuss possible takeover of Portugal’s TAP Read More »

(Reuters) – Saudi’s energy ministry said on Sunday the kingdom will extend its 500,000 bpd voluntary oil cut until the end of 2024, according to Saudi’s state news agency. (Reporting by Omar Abdel-Razek; editing by Barbara Lewis)