Reuters UK Business

LONDON (Reuters) -A downturn in British factories eased slightly in September but concerns about the government’s November budget, the economy, high energy costs and issues hiring skilled workers are weighing on firms, an industry survey showed on Tuesday. The CBI’s monthly balance for manufacturing new orders fell in September to -27 from -33 in August. …

UK factories downturn eases but tax hike concerns persist, CBI says Read More »

(Reuters) -Bank of England Chief Economist Huw Pill said on Tuesday that he voted last week against a slowdown in the pace of the central bank’s reduction of its government bond stockpile in part because the BoE has other tools to address problems in financial markets.   “I was essentially a dissenter in summary because I …

Bank of England’s Pill says faster bond sales would not stress markets Read More »

FRANKFURT (Reuters) -The supervisory board of Deutsche Bahn on Tuesday voted to appoint Evelyn Palla as the German state-owned rail operator’s CEO, tasking a company insider with the turnaround of a company dogged by under-investment and delayed train services. Palla is currently head of the group’s commuter and short-distance train unit DB Regio and will …

German rail group’s board appoints Evelyn Palla as new CEO Read More »

By Amanda Cooper LONDON (Reuters) -The pound sagged on Tuesday after a survey showed British business activity slowed in early September, as companies reported a loss of momentum and confidence given the rising risk of tax increases later this year. S&P Global’s preliminary UK Composite Purchasing Managers’ Index, covering the services and manufacturing sectors, slowed …

Sterling dips after gloomy PMI surveys Read More »

LONDON (Reuters) – British firms have reported a loss of momentum and confidence ahead of possible new tax increases in finance minister Rachel Reeves’ next budget in November, according to a survey that also showed another drop in hiring. S&P Global’s preliminary UK Composite Purchasing Managers’ Index, covering the services and manufacturing sectors, slowed to …

UK firms lose momentum as they worry about new tax hikes, PMI shows Read More »