Reuters UK Business

By David Milliken LONDON (Reuters) -Bank of England Chief Economist Huw Pill said he favoured a “steady handed approach” to further tightening of monetary policy by Britain’s central bank, partly due to uncertainty over how high interest rates will need to rise. Pill voted with the majority on the nine-strong Monetary Policy Committee last week …

Bank of England’s Pill backs ‘steady handed approach’ to raising rates Read More »

ANKARA (Reuters) -Turkey’s broadcasting watchdog has given three international news agencies 72 hours to obtain an operating licence or else have access to their platforms blocked, one of its members said on Wednesday. Ilhan Tasci criticised the move by the Radio and Television Supreme Council (RTUK) to request licences from the Turkish language websites of …

Turkey says Deutsche Welle, others must obtain licences or have access blocked Read More »

By Stefano Rebaudo (Reuters) -Sterling steadied against the euro not far from a 1-1/2 month low on Wednesday amid continued deep uncertainty about the future path of the Bank of England’s monetary policy. Bank of England Chief Economist Huw Pill said on Wednesday that it was reasonable for central banks to withdraw from providing detailed …

Sterling flat against euro on uncertainty about BoE future moves Read More »

FRANKFURT (Reuters) – Hopes for more clarity around a possible listing of Volkswagen’s luxury Porsche AG division lifted shares in Europe’s largest carmaker and its top shareholder on Wednesday, traders said. Volkswagen shares rose as much as 7.2% while those in Porsche SE, which holds a 31.4% stake in the carmaker, were up as much …

Shares in Volkswagen and its top investor rise on Porsche listing hopes Read More »

LONDON (Reuters) -Britain’s telecoms regulator said it was not ideologically wedded to retaining four mobile networks, signalling an open-minded approach to a possible tie-up between Vodafone and Three. Vodafone Chief Executive Nick Read last week listed Britain as one market where the company saw an opportunity for mergers, adding that it was pursuing deals in …

UK regulator opens door to mobile network consolidation Read More »

LONDON (Reuters) -Britain’s exit from the European Union has so far made trade more expensive because of delays and red tape, and more border disruptions are likely as passenger numbers recover after the COVID-19 pandemic, a parliamentary committee said on Wednesday. Supporters of Brexit said exiting would allow the United Kingdom the independence to escape …

Brexit has made trade more expensive, accounts committee says Read More »

By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Two top European shippers warned on Wednesday freight costs were likely to remain high well into this year, offering no relief to customers including the world’s biggest retailers, though they said bottlenecks should ease later in the year. Pandemic-related disruption and a surge in consumer demand drove up prices …

Top European shippers warn freight costs to stay high Read More »