Reuters UK Business

UK firms’ hiring plans are joint weakest since 2020, BoE survey shows

(Corrects paragraphs 1 and 2 to show hiring intentions are the joint weakest since 2020, not the outright weakest. Also changes businesses expectations for inflation in September to 3.4% from 3.5% in paragraph 8 after the BoE corrected its data) LONDON (Reuters) -British businesses have the joint weakest hiring intentions since 2020 and expect the …

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Expanded ties with countries hurt by US tariffs could bolster euro’s global role, ECB’s Villeroy says

FRANKFURT (Reuters) -Europe must act fast to bolster the global role of the euro as the window of opportunity to do so may soon close, and the bloc should seek greater ties with nations most affected by U.S. tariffs to help it achieve that, the French central bank chief said. Erratic U.S. economic policy has …

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FTSE 100 retreats after record high; Tesco gains

(Reuters) -London’s FTSE 100 fell on Thursday, although it touched another record high during the session, dragged down by losses in healthcare and energy stocks, while Tesco shares climbed after the supermarket giant lifted its annual profit outlook. The blue-chip index closed 0.2% lower. Tesco topped the index’s gains, rising 5.2% after raising its full-year …

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European stocks close at record high on tech rally, hopes for Fed rate cut

By Shashwat Chauhan, Amir Orusov and Purvi Agarwal (Reuters) -European shares closed at a record high for a second session on Thursday, driven by a rally in industrials and chip-related stocks, while expectations of U.S. interest rate cuts this month also buoyed sentiment. The pan-European STOXX 600 index was up 0.5% at its record close, …

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Eni signs off on second floating LNG unit offshore Mozambique

MAPUTO (Reuters) -Italian energy group Eni and its partners signed off on Thursday on a project to build a second floating liquefied natural gas platform, Coral North, offshore Mozambique that will make the country a top African LNG producer. A signing ceremony, attended by Mozambique President Daniel Chapo and Eni Chief Executive Officer Claudio Descalzi, …

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Belgium says EU states must share risk to use frozen Russian assets for Ukraine

By Andrew Gray, Jan Strupczewski and Ingrid Melander COPENHAGEN (Reuters) -Belgian Prime Minister Bart De Wever has asked other EU leaders to guarantee they will share the risks if frozen Russian assets held in his country are used to finance loans to Ukraine. At a summit in Copenhagen on Wednesday, many European Union leaders expressed …

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Abu Dhabi, Goldman Sachs invest in Haagen-Dazs maker Froneri at $18 billion valuation

By Anousha Sakoui and Alexander Marrow (Reuters) -Goldman Sachs and the state-linked Abu Dhabi Investment Authority have invested in Haagen-Dazs owner Froneri, in a deal that values the ice cream company at around 15 billion euros ($17.6 billion), including debt.  Froneri is a joint venture between European buyout firm PAI Partners and Swiss packaged food …

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Thyssenkrupp targets October 20 for spin off of warship business, sources say

By Christoph Steitz FRANKFURT (Reuters) -Thyssenkrupp is aiming for October 20 for the spin-off of its defence division TKMS, two people familiar with the matter said, in a deal that analysts say could value the warship builder at up to 2.7 billion euros ($3.2 billion). The company in August said it was hoping to list …

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UK, EU food trade deal could be implemented within a year, EU trade chief says

DUBLIN (Reuters) -An agreement struck between Britain and the European Union in May to reduce friction on the trade of agricultural produce could be implemented within a year with “good political will,” EU trade chief Maros Sefcovic told a conference on Thursday. Sefcovic was responding to a question by the Ireland and Northern Ireland head …

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