Reuters UK Business

Ford recalls nearly 102,000 vehicles over risk of door trim detachment, NHTSA says

(Reuters) – Ford Motor is recalling 101,944 Taurus sedans in the United States due to a defect that could cause door trim to detach while driving, the National Highway Traffic Safety Administration said on Friday. The issue involves the B-pillar trim on the driver and front passenger doors, which may come loose during vehicle operation. …

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UK trading platform IG Group buys Australian crypto exchange

(Reuters) – British online trading platform IG Group said on Friday it had acquired Australian cryptocurrency exchange Independent Reserve for A$178 million ($117.41 million), expanding its digital offerings and presence in the Asia-Pacific region. IG said the deal is expected to be accretive to cash earnings per share in the first full financial year after …

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UK retail sales rise by more than expected in August, ONS says

LONDON (Reuters) – British retail sales rose by a stronger-than-expected 0.5% in August, helped by sunny weather, but sales growth in July was revised slightly down, official figures showed on Friday. Economists polled by Reuters had mostly expected that retailsales volumes would increase by 0.3%. The Office for National Statistics said sales volumes in July …

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German producer prices fall 2.2% y/y in August

(Reuters) -German producer prices fell more than expected in August, decreasing by 2.2% on the year, the federal statistics office reported on Friday. Analysts polled by Reuters had expected a 1.7% decline. The office publishes more detailed data on its website. (Reporting by Anastasiia Kozlova in Gdansk, Editing by Miranda Murray)

Anglo American cuts ‘small number’ of jobs in Australia’s Brisbane

(Reuters) – Anglo American said on Thursday it had cut a “small number” of jobs at its office in Brisbane in Australia and nearby coal mines as part of the miner’s efforts to simplify its operations and adapt to lower coal prices and rising costs. The unspecified number of layoffs in Queensland comes a day …

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German finance minister promises structural reforms in savings push, HB reports

(Reuters) -Germany’s Finance Minister Lars Klingbeil promised far-reaching reforms and budget cuts as his government seeks to plug a looming budget gap, according to an interview with Handelsblatt newspaper published on Friday. The government will “put together a fair overall package of savings and reforms,” ​​Klingbeil said, adding that this would include significant changes to …

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E-commerce firm Pattern, shareholders raise $300 million in US IPO

(Reuters) -Pattern and its existing shareholders raised $300 million in its U.S. initial public offering on Thursday, after the e-commerce firm priced its shares within the marketed range.  This would give the Lehi, Utah-based company a valuation of $2.5 billion. The company had intended to price its IPO between $13 and $15, according to its …

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