Reuters UK Business

Analysis-Macron’s legacy evaporates as France’s political and fiscal woes mount

By Michel Rose PARIS (Reuters) -In a 2018 interview with Fox News ahead of his first state visit to the United States, a fresh-faced President Emmanuel Macron was asked whether he might back down on reforms amid fierce domestic opposition. “No. Chance,” Macron replied, separating each word for emphasis. Fast forward to 2025: a politically …

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Oil deliveries disrupted by Antwerp port congestion after pilots’ strike, analysts say

By Alban Kacher (Reuters) -Oil deliveries are being disrupted by congestion at the Belgian Port of Antwerp-Bruges after a harbour pilots’ strike, analysts said, with the port authority counting up to 188 vessels still waiting to berth or depart. Analysts said oil deliveries and other cargo flows were still being disrupted even though Flemish sea …

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Hungary working ‘full steam’ on $1.6 billion pension top-up, Orban says

By Gergely Szakacs BUDAPEST (Reuters) -Hungary’s Prime Minister Viktor Orban on Thursday said his government was working “full steam” on a pension top-up, which could cost around $1.6 billion, heightening concerns that pledged deficit cuts are slowing ahead of a 2026 election. Faced with the weakest economic stretch of his 15-year rule, the veteran leader …

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Thales: still working on satellite merger project, no agreement reached at this stage

PARIS (Reuters) -No agreement has yet been reached between France’s Airbus and Thales and Italy’s Leonardo to create a major new European satellite manufacturer, a Thales spokesperson told Reuters on Thursday. “No agreement has been reached at this stage. We are continuing our work. Any further comment would be premature,” the spokesperson said. (Reporting by …

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Sterling hits highest in over a week vs dollar, monetary policy in focus

By Stefano Rebaudo (Reuters) -Sterling climbed on Thursday to its highest level in more than a week against the dollar, as expectations for a more dovish Federal Reserve outweighed concerns about the UK economy and next month’s budget. Meanwhile, growing optimism in France that Prime Minister Sebastien Lecornu could survive a no-confidence vote helped lift …

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Canal+ buys 34% of UGC, says integrating MultiChoice is top priority

By Leo Marchandon (Reuters) -Canal+ has agreed to buy a 34% stake in French cinema operator and producer UGC, with an option to purchase the remaining shares after 2028, although the broadcaster said its main focus was on the integration of MultiChoice after the $2 billion acquisition. The group’s revenue grew 1.2% organically to 4.6 …

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German insurer Munich Re warns of riot risk in slower-growth Europe

FRANKFURT (Reuters) -Tepid economic growth in Europe could result in a growing risk of civil unrest, a top executive with the German insurer Munich Re said on Thursday. Clarisse Kopff, a board member overseeing business in Europe and Latin America, said that lower rates of economic growth in Europe, compared with the United States and …

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UK lenders expect demand for mortgage and consumer credit to flatten

LONDON (Reuters) -British lenders expect to see unchanged demand for mortgages in the last three months of 2025, according to a Bank of England survey published on Thursday that added to other signs of a cooling of the housing market. The BoE’s quarterly Credit Conditions Survey showed lenders reported no change in demand for loans …

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Nestle to cut 16,000 jobs as new CEO ignites ‘turnaround fire’

By Alexander Marrow AMSTERDAM (Reuters) -Nestle will cut 16,000 jobs, new CEO Philipp Navratil said on Thursday, as the world’s largest packaged food company seeks to cut costs and win back investor confidence. The jobs being cut represent 5.8% of Nestle’s around 277,000 employees. Navratil said Nestle had raised its cost savings target to 3 …

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Premier Inn owner Whitbread shares tumble as profit drops and Germany outlook dims

(Reuters) -UK Premier Inn owner Whitbread reported a 7% drop in half-year profit on lower food and beverage sales and lowered profit expectations for its German business after weaker-than-expected demand, sending its shares down as much as 9%.   The hotel operator said the UK market returned to growth in the second quarter, driven by leisure …

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