Reuters UK Business

By Susan Mathew (Reuters) -European shares rose on Tuesday led by consumer and technology companies, while a rally in oil prices on the prospect of more sanctions against crude exporter Russia lifted energy stocks. The pan-European STOXX 600 index was up 0.3% and was set to post their third straight session of gains as oil …

Consumer, tech lift European shares amid worries over more Russia sanctions Read More »

(Reuters) – British new car registrations fell 14% to record the weakest March since 1998 as semiconductor shortages continued to hit car supplies, although demand for battery electric vehicles touched an all-time high, industry data showed on Tuesday. Soaring inflation in Britain, made worse by rising fuel prices, could also hit demand for new cars, …

UK new car sales see weakest March since 1998 Read More »

LONDON (Reuters) – The British-based subsidiary of Gazprom said Germany’s move to take control of its parent had removed any concerns about the viability and future of its operations, and it would look to rebrand soon. UK-registered Gazprom Marketing & Trading (GMT) buys gas on wholesale energy markets and owns a number of subsidiaries including …

UK-based Gazprom units says German move has secured their future Read More »

By Anna Pruchnicka (Reuters) – DP Eurasia, which runs the Domino’s Pizza brand in Turkey and Russia, said it plans to stay in Russia, but could not give an outlook for the full year because of uncertainties linked to the war in Ukraine and inflation. As many international companies limit their exposure to Russia following …

Pizza company DP Eurasia to stay in Russia, cannot give 2022 outlook Read More »

LONDON (Reuters) – Sterling strengthened marginally against the euro on Tuesday, clinging to gains made on Monday while pulling away from a three-month low hit last week. Sterling was last 0.01% firmer at 83.610 pence against the euro, retaining Monday’s 0.7% gain after the prospect of more sanctions against Russia knocked the euro. Versus the …

Pound consolidates gains vs euro as rate hikes eyed Read More »

(Reuters) – Russian communications regulator Roskomnadzor said on Tuesday it wanted Wikipedia to remove “material with inaccurate information of public interest” about the situation in Ukraine. The regulator accused Wikipedia of hosting false information on what Russia calls its “special operation” in Ukraine and on the actions of Russia’s military too. According to Russian law, …

Russia threatens to fine Wikipedia if it doesn’t delete ‘false information’ Read More »

By Sruthi Shankar (Reuters) -UK’s main equity indexes slipped on Tuesday as investors weighed the prospect of more sanctions against Russia, while bearish brokerage calls hit blue-chip stocks like Vodafone and Lloyds. The export-oriented FTSE 100 slipped 0.1%, while the domestically focussed mid-cap FTSE 250 index fell 0.2%. Global miners such as Rio Tinto and …

Russia sanction worries, broker downgrades keep FTSE 100 under pressure Read More »

(Reuters) – Steel baron Vladimir Lisin, listed by Forbes magazine as Russia’s third richest man, told Kommersant newspaper on Tuesday that Moscow’s plans to charge roubles for its exports would undermine country’s position on global markets. He also criticized the proposed delisting of Russian companies’ depositary receipts from foreign exchanges, saying this would increase risks …

Russian magnate says charging roubles for exports would backfire – newspaper Read More »

LONDON (Reuters) – British services companies enjoyed stronger growth last month than first estimated despite rampant inflation pressures, with business activity rising at the fastest rate in 10 months, a survey showed on Tuesday. The S&P Global/CIPS UK Services PMI rose to 62.6 in March from 60.5 in February, an upward revision from a preliminary …

UK services firms show rapid growth, cost pressures balloon -PMI Read More »