Reuters UK Business

DUESSELDORF, Germany (Reuters) -German defence contractor Rheinmetall said on Thursday it plans to sign a preliminary agreement in Hamburg later in the day to build a new ammunition factory in an as-yet unspecified NATO member state. European states have been boosting arms and ammunition production capacity since Russia’s invasion of Ukraine in 2022. Rheinmetall last …

Rheinmetall plans to sign agreement on new ammunition plant in NATO state Read More »

(Reuters) -British pub and restaurant operator Mitchells & Butlers reported a 3.1% rise in fourth quarter like-for-like sales on Thursday, helped by robust demand for food and drinks and cost efficiencies. The owner of brands such as Toby Carvery, Harvester and All Bar One said it has seen strong performance across mid-market pubs and pub …

UK’s Mitchells & Butlers reports 3.1% rise in quarterly like-for-like sales Read More »

BERLIN (Reuters) -Consumer sentiment in Germany is set to rise slightly heading into October, while remaining in negative territory, as households’ brighter view of their income prospects offset the downward trend in recent months, a survey showed on Thursday. The consumer sentiment index, published by the GfK market research institute and the Nuremberg Institute for …

Income prospects boost German consumer sentiment in October, finds GfK Read More »

A look at the day ahead in European and global markets from Stella Qiu After relentlessly pushing higher and higher, global share markets seem to have run out of reasons to rally further as investors come to grips with how stretched valuations are. Wall Street closed lower for a second day and that provided little …

Morning Bid: Stocks take a breather Read More »

By Susanna Twidale LONDON (Reuters) -Britain has signed contracts for two commercial projects to capture and store carbon dioxide emissions which are expected to generate around 500 skilled jobs, the government said on Thursday. Britain has a climate target to reach net-zero emissions by 2050 and has said carbon capture and storage (CCS) will be needed …

Britain signs deals for carbon capture projects creating 500 jobs Read More »

(Reuters) -Britain’s vehicle production dropped 18.2% in August to 38,693 units, industry data showed on Thursday, with attention now on how a cyberattack that has shut Jaguar Land Rover’s plants will hit September production. The outage at Britain’s largest carmaker, Jaguar Land Rover, which produces about 1,000 cars a day across three UK factories, has …

UK car output falls in August as JLR cyberattack threatens September production Read More »