Reuters UK Business Archives - Page 430 of 3179

Shares in Sorrell’s S4 Capital hit record low after sales forecast cut again

15 Sep 2025 15 Sep 2025

By DhanushVignesh Babu (Reuters) – Martin Sorrell’s advertising group S4 Capital cut its annual revenue forecast on Monday for the second time this year, hit by companies reducing their marketing budgets amid global economic uncertainty and U.S.-imposed tariffs. Shares in the owner of ad agencies such as Monks and MightyHive fell as much as 14% …

Shares in Sorrell’s S4 Capital hit record low after sales forecast cut again Read More »

Wordline names ex-Alstom finance lead as new CFO

15 Sep 2025 15 Sep 2025

(Reuters) – French payments company Worldline announced on Monday that Srikanth Seshadri, former treasury director for Alstom, has succeeded Gregory Lambertie as Chief Financial Officer of the company. Before joining Worldline, Seshadri was with French train maker Alstom for the past 23 years, where he last served as Head of Treasury & Financing, the group …

Wordline names ex-Alstom finance lead as new CFO Read More »

IG Group Chair Mike McTighe to step down

15 Sep 2025 15 Sep 2025

(Reuters) – British online trading platform IG Group said on Monday that Chairman Mike McTighe will step down by the end of 2025 after five years in the role. McTighe, 71, assumed the role in February 2020 and has since steered the firm during periods of market volatility, leading to a continued growth in client …

IG Group Chair Mike McTighe to step down Read More »

Inflation rates should not diverge in longer term, ECB’s Kocher says

15 Sep 2025 15 Sep 2025

VIENNA (Reuters) -While the European Central Bank’s focus is on average inflation across the euro zone, it is important that countries’ inflation rates not move further apart in the longer term, policymaker Martin Kocher said in an interview published on Monday. “What matters in Frankfurt is how the European economy has evolved and the average …

Inflation rates should not diverge in longer term, ECB’s Kocher says Read More »

UK government, industry to invest over 1.1 billion pounds in maritime sector

15 Sep 2025 15 Sep 2025

(Reuters) – The UK government and industry are planning to jointly invest over 1.1 billion pounds ($1.5 billion) in the maritime sector, the UK government said on Monday. The investment will unlock growth and jobs in coastal communities across the UK, the government said, including in the engineering, green technology and construction sectors. The funding …

UK government, industry to invest over 1.1 billion pounds in maritime sector Read More »

Bank of England to scale back QT, keep rates steady

15 Sep 2025 15 Sep 2025

By David Milliken LONDON (Reuters) -The Bank of England looks set this week to slow the 100 billion-pound-a-year pace at which it reduces its government bond holdings following increased volatility in bond markets, while keeping its main interest rate on hold. Although the central bank views the pace of quantitative tightening as having little impact …

Bank of England to scale back QT, keep rates steady Read More »

Morning Bid: It’s all about central banks this week

15 Sep 2025 15 Sep 2025

A look at the day ahead in European and global markets from Gregor Stuart Hunter Sure enough, you wait ages for a central bank meeting, and then they come along all at once. Okay, yes, fine, we had the ECB last week. But this week sees the U.S. Federal Reserve, the Bank of England, the …

Morning Bid: It’s all about central banks this week Read More »

UK house prices fall while rents rise by least in 4 years, surveys show

15 Sep 2025 15 Sep 2025

LONDON (Reuters) -Asking prices for homes put up for sale in Britain this month showed an annual decline for the first time since January 2024 while average rents increased at the lowest annual rate in four years, two industry surveys showed on Monday. Prices for property put on sale during Rightmove’s September period – which …

UK house prices fall while rents rise by least in 4 years, surveys show Read More »

Swiss bank UBS mulls move to US to avoid new rules, reports New York Post

14 Sep 2025 14 Sep 2025

BERLIN (Reuters) -Swiss bank UBS is considering moving to the United States in response to proposals from the Swiss government on new capital requirements, the New York Post reported at the weekend. Senior UBS executives have met officials in U.S. President Donald Trump’s administration to prepare a strategy shift that could include the acquisition of …

Swiss bank UBS mulls move to US to avoid new rules, reports New York Post Read More »

Citi’s London office overhaul costs hit $1.5 billion

14 Sep 2025 14 Sep 2025

By Iain Withers LONDON (Reuters) – Wall Street bank Citigroup’s bill for refitting its tower in London has risen to $1.5 billion (1.1 billion pounds), the company told Reuters, highlighting the challenges of modernising workplaces to attract employees back to offices. The cost, confirmed by Citi for the first time, is approaching the 1.2 billion …

Citi’s London office overhaul costs hit $1.5 billion Read More »