Reuters UK Business

UK’s Reeves vents her frustration at leaks of her budget

By David Milliken and Andy Bruce LONDON, Dec 10 (Reuters) – British finance minister Rachel Reeves on Wednesday condemned leaks about key details of her November 26 budget that appeared in media before her annual tax and spending statement to parliament. Britain’s government bond market was rocked by a Financial Times story on November 13 …

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Swiss government to hold press conference on U.S. tariffs

Dec 10 (Reuters) – Swiss Economy Minister Guy Parmelin will hold a press conference on U.S. tariffs at 1600 GMT on Wednesday, his ministry said, after the two countries sealed a preliminary agreement under which Washington would cut tariffs on Swiss goods. Swiss officials have publicly indicated that the official announcement on lowering U.S. tariffs …

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ECB to stay on hold through end of 2026 on expected stable economic outlook – Reuters poll

By Hari Kishan and Pranoy Krishna BENGALURU, Dec 10 (Reuters) – The European Central Bank will leave interest rates unchanged on December 18 and keep them there through next year, according to a majority of economists polled by Reuters, as inflation is expected to stay subdued and the economy resilient. Euro zone inflation rose to …

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Britain’s financial regulator to review pension fees cap in pro-growth reforms

By Phoebe Seers LONDON, Dec 10 (Reuters) – Britain’s financial regulator pledged a series of pro-growth reforms on Wednesday, including possible changes to fee caps for pension schemes, as part of a broader push to channel some retirement savings into higher-risk, potentially higher-reward assets. In a letter to Prime Minister Keir Starmer, Financial Conduct Authority …

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Germany’s 10-year yield hits fresh nine-month high, central banks in focus

By Joice Alves and Alun John LONDON, Dec 10 (Reuters) – Germany’s 10-year borrowing costs hit fresh multi-month highs on Wednesday as traders price out any chance of further European Central Bank rate cuts, while looking ahead to an important Federal Reserve meeting later in the day.  Germany’s 10-year yield rose two basis points to …

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German cabinet approves draft biofuels law, food-based ingredient use to continue

HAMBURG, Dec 10 (Reuters) – Germany’s cabinet approved a draft biofuels law on Wednesday, which will allow continued use of food and animal feed as biofuel ingredients, the environment ministry said in a statement. Germany’s programme to cut greenhouse gases includes blending biofuels, such as biodiesel and bioethanol, with fossil fuels to reduce emissions from …

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Debt-laden William Hill UK owner Evoke explores sale after gambling tax hike

By Yadarisa Shabong and Raechel Thankam Job Dec 10 (Reuters) – William Hill UK and 888 owner Evoke is reviewing strategic options including a potential sale of the company, just weeks after UK tax hikes on online gaming and sports betting forced it to withdraw its medium-term outlook. Shares of the company, which had lost …

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Swatch and Citizen face Italian scrutiny over pricing practices

MILAN, Dec 10 (Reuters) – The Italian competition authority said on Tuesday it had opened two parallel investigations into Swiss watchmaker Swatch and Japan’s Citizen Watch. The probes involve an alleged infringement of European rules on the fixing of retail prices displayed online by the groups’ authorised distributors.  The two companies may be limiting price …

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