Reuters UK Business

By Jason Hovet and Gergely Szakacs (Reuters) -Hungary’s manufacturing activity shrank for the first time in 17 months in September, a survey showed on Monday, and output kept falling in the Czech Republic and Poland as high inflation and soaring energy costs sharpened their impact in central Europe. Hungary joined its central European peers in …

Central Europe’s manufacturing strain reaches Hungary Read More »

By Alan Charlish WARSAW (Reuters) – Poland’s central bank is expected to raise its main interest rate by 25 basis points to 7.00% on Wednesday, a Reuters poll showed, as rising inflation forces policymakers to continue tightening despite the risks of an economic slowdown. Central bank governor Adam Glapinski has said rates could stay on …

Polish central bank seen hiking by 25 bps as CPI keeps rising: Reuters Poll Read More »

LONDON (Reuters) – British manufacturing output fell for a third month in a row in September and orders declined for a fourth consecutive month, hurt by falling foreign demand, according to a closely watched survey released on Monday. The S&P Global manufacturing Purchasing Managers’ Index (PMI) rose to 48.4 from August’s 27-month low of 47.3 …

UK manufacturing PMI shows falling output, weak foreign demand Read More »

MILAN (Reuters) – Upmarket Italian food chain Eataly has appointed Andrea Cipolloni, former head of Autogrill Italia and Autogrill Europe, as its new chief executive officer. Last month European private equity firm Investindustrial bought a majority stake in Eataly to accelerate the food chain’s global expansion. Eataly said it aims at “a significant turnover growth, …

Upmarket food chain Eataly appoints former Autogrill exec as CEO Read More »

By Diana Mandia (Reuters) -French plant-based food company Bonduelle reported lower annual profits on Monday, hit by the COVID-19 crisis, bad crops, supply chain disruption and rising inflation. Shares of the group, which provides canned, frozen and fresh processed vegetables as well as ready-to-eat dishes, fell 9% to 10.30 euros in early trade, the lowest …

Bonduelle’s profits fall as droughts, supply crunch weigh Read More »

LONDON (Reuters) -The pound gained on Monday on news Britain would reverse plans to cut the highest rate of income tax, one contentious part of a package of financial measures that last month sent sterling and British government bonds into meltdown. Yields on British government bonds fell, pushing their prices up. The government’s ‘mini-budget’ on …

Sterling gains after British government tax U-turn Read More »

JOHANNESBURG (Reuters) – Endeavour Mining’s operations in Burkina Faso are “unaffected by recent political events”, the gold miner said on Monday after the West African nation’s second military coup of the year on Friday. Endeavour is the biggest mining company in Burkina Faso, with four gold mines – Houndé, Mana, Boungou, and Wahgnion – and …

Burkina Faso miners say work continues despite coup Read More »

PARIS (Reuters) -Strikes are disrupting TotalEnergies’ oil products refining and delivery for a seventh day at four sites throughout France, a CGT trade union representative told Reuters on Monday. Deliveries and refining remain halted at the 240,000 barrel per day (bpd) Gonfreville refinery in Normandy because of the strike while blockages also continue at the …

Seventh day of strikes disrupts French refineries Read More »

(This September 29 story refiles to fixe typo in analyst’s name in 5th and 7th paragraphs) By Ahmad Ghaddar and Rowena Edwards LONDON (Reuters) – A heavy oil refinery turnaround season in Europe this autumn, plus French strike action, is set to push diesel prices higher and tighten supplies ahead of a European Union ban …

Europe braces for heavy oil refinery outages amid tight supplies Read More »