Reuters UK Business

(Refiles to add dropped word in headline) ROME/PARIS (Reuters) -A framework agreement between France’s Airbus and Thales and Italy’s Leonardo to create a major new European satellite manufacturer will still require some weeks, a source told Reuters on Monday. The person familiar with the matter said key details remain under discussion and that the boards …

European major satellite venture still needs some time to finalise, source says Read More »

By Gianluca Lo Nostro (Reuters) -Shares of Tefal pan manufacturer SEB plunged 21% on Monday after it cut its annual profit and revenue forecast for the second time this year, saying sales in Europe have been slower than expected and U.S. consumers and business clients have adopted a “wait and see” attitude. SEB, which also …

Tefal maker SEB cuts annual profit forecast as demand weakens, shares drop 21% Read More »

BERLIN (Reuters) -Investor morale in the euro zone improved more than expected in October, a survey showed on Monday, as global economic sentiment brightened despite a U.S. government shutdown that began on October 1. The Sentix index for the euro zone rose to -5.4 in October from -9.2 in September, beating the -8.5 forecast by …

Euro zone investor morale improves more than expected in October Read More »

By Naomi Rovnick LONDON (Reuters) -Asset managers whose companies oversee more than $1.5 trillion are urging the Bank of England to scrap bond sales they believe place unnecessary strain on Britain’s government debt, while they also rack up tens of billions of pounds of taxpayer costs. Reuters spoke to 10 investors who had wanted the …

Top fund managers urge Bank of England to stop selling gilts into rocky debt markets Read More »

ROME (Reuters) -A framework agreement between Italy’s Leonardo and France’s Thales and Airbus for a new European space giant will require some weeks, a source with knowledge of the matter said on Monday. The parties are still considering some key points of the alliance and the boards of the three companies will need to discuss …

Framework deal for European space giant will require some weeks, source says Read More »

(Reuters) -Luxury carmaker Aston Martin on Monday warned of a deepening annual loss due to weaker than expected demand in North America and Asia Pacific and the impact of U.S. tariffs, sending shares 11% lower.     The company said that its annual loss will now exceed 110 million pounds ($147.81 million), marking a sharp deterioration from …

UK’s Aston Martin flags deeper annual loss amid US tariffs and slowing demand Read More »

BUDAPEST (Reuters) -Hungary should not adopt the euro currency as the European Union is “disintegrating” and Hungary should not tie its fate closer to the bloc, Hungarian Prime Minister Viktor Orban said on Monday in an interview with economic news site EconomX. Hungary, which depends for most of its trade on the 27-member bloc and …

PM Orban says Hungary should not adopt euro as EU is ‘disintegrating’ Read More »

(Reuters) -British bank Shawbrook is planning an initial public offering in London, it said on Monday, in what could be one of the city’s biggest listings in years.  In a statement, the alternative lender said the planned IPO would help boost its profile in Britain and fund its growth plans, as well as allowing its …

Shawbrook plans London IPO Read More »