Reuters UK Business

By Polina Devitt LONDON (Reuters) -Global commodity trading house Gunvor is expanding its precious metals business from trading derivatives into physical metal and has hired specialists in the London and Singapore trading hubs, the company told Reuters. Gunvor’s expansion in the sector coincides with a rally that has seen gold prices rise twofold since late …

Exclusive-Gunvor expands precious metals business into physical trading Read More »

By Kanchana Chakravarty and Siddarth S (Reuters) – Global brokerages expect the European Central Bank to keep interest rates steady for longer, extending into 2026, with some even forecasting the next policy move to be a hike, after the ECB left rates unchanged and maintained an upbeat view on growth and inflation. The ECB held …

Brokerages push back ECB rate cut bets after policy meeting Read More »

FRANKFURT (Reuters) – Germany’s Lufthansa Group said on Friday it was more closely integrating its European subsidiaries, such as Austrian Airlines and Swiss, to improve efficiency and profitability. The units, which include Brussels Airlines, will cede control over network management for short and medium-haul flights, as well as information technology management, to the parent group …

Lufthansa Group is more closely integrating subsidiaries Read More »

(This Sept 11 story has been corrected to say that Dan Coatsworth is an investment analyst at AJ Bell, not the chief investment officer at Moneyfarm, in paragraph 5) By Johann M Cherian and Tristan Veyet (Reuters) – European shares finished higher on Thursday as a rally in defence stocks helped lift the main index, …

STOXX 600 ends higher after ECB’s expected ‘hold’ verdict, defence stock boost Read More »

By Pietro Lombardi MADRID (Reuters) – The Spanish government plans to increase by 62% a cap set on how much companies can invest in power grids through 2030 to draw more investment, Energy Minister Sara Aagesen said on Friday. She said she expects investments tied to the trunk network of 13.59 billion euros ($15.94 billion) …

Spain proposes 62% hike of grid investment cap through 2030 Read More »

By David Milliken LONDON (Reuters) – The British public’s expectation for inflation in around five years’ time rose in August to its highest since May 2019 at 3.8%, according to a Bank of England survey on Friday, which may unsettle some policymakers ahead of next week’s rate decision. The measure of longer-term public inflation expectations …

UK public’s long-term inflation expectations rise to highest since 2019 Read More »

By David Milliken and Suban Abdulla LONDON (Reuters) – Britain’s economy recorded zero monthly growth in July after a sharp drop in factory output, matching expectations for a slower start to the second half of 2025 but still disappointing for the government ahead of November’s budget. After a strong first half to the year, economists …

UK economy makes weak start to second half of the year Read More »