Reuters UK Business

ECB to pause rates at least until 2027 on steady inflation and growth outlook

22 Oct 2025

By Indradip Ghosh BENGALURU -The European Central Bank has finished cutting interest rates as inflation holds around its 2% target and the economy marches steadily on, according to a growing majority of economists in a Reuters poll. While inflation picked up slightly to 2.2% last month from 2.0% in August, accounts of the ECB’s September …

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Liberty Global halves ITV stake in portfolio shift

22 Oct 2025

(Reuters) -ITV shares slid by more than 12% on Wednesday after Liberty Global, the British broadcaster’s largest shareholder, halved its stake to about 5%. Liberty Global Ventures sold 193.4 million ITV shares to institutional investors in a block trade, a bookrunner said, raising about 135 million pounds ($181 million). Liberty Global was “disposing of certain …

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Sterling falls after UK inflation unexpectedly holds steady

22 Oct 2025

By Samuel Indyk LONDON (Reuters) -The British pound dipped against the dollar and the euro on Wednesday, after the annual rate of Britain’s consumer price inflation unexpectedly held steady in September, undershooting forecasts for a rise. The consumer price index remained at 3.8% for the third month running, the Office for National Statistics said on …

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Britain issues sanctions exemption for Rosneft’s German subsidiaries

22 Oct 2025

LONDON (Reuters) -Britain on Wednesday issued a special licence allowing businesses to work with two German subsidiaries of sanctioned Russian oil giant Rosneft, as they are under German state control. Last week Britain announced fresh sanctions against Rosneft and Lukoil, Russia’s two largest oil firms, accusing them of helping fund the Kremlin’s invasion of Ukraine. …

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Swiss National Bank expects slight increase in inflation

22 Oct 2025

ZURICH (Reuters) -Swiss inflation is likely to rise slightly in the coming quarters, Swiss National Bank Chairman Martin Schlegel said on Wednesday, with economic indicators pointing to stable situation with moderate growth. “Uncertainty remains high. With the announced but currently suspended U.S. tariffs on certain pharmaceutical products, the downside risks could increase somewhat,” Schlegel said, …

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EU members should keep exclusive jurisdiction on national security, Italy PM says

22 Oct 2025

ROME (Reuters) -Member states of the European Union must preserve exclusive jurisdiction on national security matters, the Italian prime minister said on Wednesday, as Rome faces scrutiny from Brussels over its use of special powers to shield strategic assets. Italy is among countries within the bloc that have made extensive use of golden power legislation …

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UK’s CBI business association names BAE Systems chair as president

22 Oct 2025

LONDON (Reuters) -The Confederation of British Industry said on Wednesday that the chair of defence company BAE Systems, Cressida Hogg, will be its next president, succeeding Rupert Soames, a grandson of Winston Churchill with a long career in British industry. Hogg, who will take up the role on January 1, also serves on the board …

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European utilities set for longest winning streak since 1998

22 Oct 2025

MILAN (Reuters) -European utilities stocks extended this month’s rally into a 14th day on Wednesday, heading for their longest winning streak since a record 15-day run in March 1998. Investor sentiment around utilities has turned increasingly positive, driven by a surge in electricity demand linked to the rapid expansion of AI datacentres and the electrification …

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