Reuters UK Business

LONDON (Reuters) – Credit Suisse raised its 2023 UK GDP forecast on Friday, predicting that the UK government’s plan to freeze household energy bills for two years will likely lead to a shallower recession and lower near-term inflation. Economists at the Swiss bank revised up their UK GDP forecast for 2023 to -0.2% from a …

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LONDON (Reuters) -British online fashion retailer ASOS expects full-year profit to be around the bottom of its guidance after weaker than projected August sales, it said on Friday. “Having seen good growth in June and July, sales in August were weaker than anticipated,” it said. “This reflected the impact of accelerating inflationary pressures on consumers …

UK fashion retailer ASOS hit by weak August sales Read More »

LONDON (Reuters) – Britain’s competition watchdog has provisionally cleared London Stock Exchange’s takeover of Quantile Group, it said on Friday. LSEG said in December it had acquired Quantile for up to 274 million pounds ($317 million) to expand its range of post-trade risk management solutions for banks, hedge funds and financial institutions trading derivatives. The …

LSEG takeover of Quantile gets provisional approval from UK watchdog Read More »

By Jan Strupczewski and Jason Hovet PRAGUE (Reuters) – France and Germany pledged on Friday to act together to protect households and companies from soaring energy prices, while also using fiscal policy to fight record high inflation. French Finance Minister Bruno Le Maire and his German counterpart Christian Lindner made a show of unity at …

France, Germany pledge unity to support economy against inflation Read More »

By Foo Yun Chee BRUSSELS (Reuters) – EU countries and Britain granted 227.97 billion euros ($228 billion) in state aid in 2020 to support companies hit by the COVID-19 pandemic, with Poland and Greece topping the list, the European Commission said on Thursday. The Commission, which acts as the competition enforcer in the European Union, …

EU countries, UK handed out 228 billion euros to COVID-hit companies in 2020 Read More »

LONDON (Reuters) – The Bank of England said its banknotes featuring the image of Queen Elizabeth remained legal tender, following the monarch’s death on Thursday. “Current banknotes featuring the image of Her Majesty The Queen will continue to be legal tender. A further announcement regarding existing Bank of England banknotes will be made once the …

Bank of England says banknotes featuring Queen’s image remain legal tender Read More »

FRANKFURT (Reuters) – JPMorgan sees Germany as an “interesting market” for a possible expansion of its consumer business but no decision has yet been made, an executive said on Thursday. Stefan Behr, the chief executive of JPMorgan in Europe, said the U.S. bank was still focused on the digital-only consumer bank it set up in …

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