Reuters UK Business

LONDON (Reuters) – Growth among British businesses slowed sharply in May to its weakest since early 2021 when the country was under a COVID-19 lockdown, according to a survey, although the loss of momentum was less severe than initially reported. The composite S&P Global/CIPS Purchasing Managers Index – spanning services and manufacturing firms – slumped …

UK businesses feel the strain from surging inflation -PMIs Read More »

(Reuters) – Global miner Rio Tinto has teamed up with Salzgitter to assess whether its iron ore products can be used to produce carbon-free steel at the German steelmaker’s SALCOS green steel project, the companies said on Tuesday. Under the agreement, they will explore whether Rio’s iron ore pellets, lump and fines from its mines …

Rio Tinto joins Germany’s Salzgitter to study using its iron ore in green steelmaking Read More »

JOHANNESBURG (Reuters) – The South African government said on Tuesday it was taken aback by Ryanair’s decision to force UK-bound travelers holding the country’s passport to take a test in Afrikaans language to prove nationality, calling the move a “backward profiling system”. The Irish low-cost airline had from last week started forcing UK-bound travelers with …

South Africa ‘taken aback’ by Ryanair’s Afrikaans test to prove nationality Read More »

ZURICH (Reuters) -ABB is delaying the initial public offering of its E-mobility electric vehicles charging business, the Swiss engineering and technology company said on Tuesday, citing “challenging” market conditions. “Current market conditions make it challenging to complete the planned listing of ABB’s E-mobility business in the second quarter,” spokesman Daniel Smith said. “Nevertheless, we constantly …

ABB delays IPO of E-mobility business citing ‘challenging’ market Read More »

By Huw Jones LONDON (Reuters) – Euronext set out on Tuesday a new technology leaders segment to help tech and growth companies develop a pan-European profile for asset managers and other investors. Euronext said its top growth and tech company listings such as ASML, Just Eat Takeaway.com, Tom Tom and Ubisoft now form a new …

Euronext seeks to create European tech profile Read More »

HELSINKI (Reuters) – Finnish forestry firm Stora Enso is considers investing around 400 million euros ($428 million) to convert one of its two existing paper lines to a containerboard line in Belgium, the group said on Tuesday. “Aligned with Stora Enso’s strategic focus on renewable materials, the investment would support the growth opportunity created by …

Finland’s Stora Enso consideering 400 million euro investment in Belgium Read More »

(Reuters) – Spain’s seasonally and calendar-adjusted industrial output rose 2.4% year-on-year in April, official data from the country’s National Statistics Institute (INE) showed on Tuesday. Analysts polled by Reuters expected a 0.2% contraction in April. (Reporting by Joanna Jonczyk-Gwizdala, Editing by Inti Landauro)

LONDON (Reuters) – British Prime Minister Boris Johnson told his cabinet on Tuesday that they must drive supply side reform to lower costs for consumers and government, thanking his senior ministers for their support after he won a confidence vote. “We as Conservatives and Conservative ministers have got to make sure that at every stage …

UK PM Johnson tells cabinet to drive supply-side reform Read More »