Reuters UK Business

By Shivansh Tiwary and Nathan Gomes (Reuters) -Industrial machinery makers are being battered by steeper costs from U.S. President Donald Trump’s sweeping tariffs, with sluggish demand and high interest rates leaving little room to pass those expenses onto customers. Caterpillar and Deere, both sector bellwethers, have flagged hefty tariff-related hits this year, most of which …

Caterpillar, Deere count the costs of tariffs as soft demand limits pricing power Read More »

MOSCOW (Reuters) -Russia will sell a majority stake in gold producer Uzhuralzoloto it seized from businessman Konstantin Strukov to a unit of state-owned Gazprombank, the Interfax news agency cited the finance ministry as saying on Friday. Foreign companies have grappled with the risk of state seizure since Russia sent troops into Ukraine in February 2022, …

Russia to sell seized stake in gold producer UGC to unit of Gazprombank, Ifax reports Read More »

By Stefano Rebaudo (Reuters) -Sterling rose against a weakening dollar on Friday and was set to end the week higher after upbeat economic data and a hawkish rate cut by the Bank of England. Sterling, which has gained 8.5% this year against the dollar, was last up 0.15% at $1.3549. It hit a session peak …

Sterling climbs versus dollar, on track for weekly rise Read More »

(Reuters) -British Gas owner Centrica said on Friday it has entered into a natural gas agreement with Devon Energy, in which the U.S.-based firm will supply an equivalent to five LNG cargoes per year over a 10-year term from 2028. (Reporting by Ankita Bora in Bengaluru)

(Reuters) -Britain’s Thames Water said on Friday it has drawn the remaining available amount of its first 1.5 billion-pound ($2.03 billion) tranche of its debt lifeline, securing the company’s liquidity needs until at least mid-December. The second tranche of the 1.5 billion-pound super senior facility is expected, if and when it becomes available, to provide …

Britain’s Thames Water completes initial debt lifeline drawdown Read More »

A look at the day ahead in European and global markets from Gregor Stuart Hunter Did you really think that the mighty U.S. stock market was going to be stopped in its tracks by a measly PPI print, even if it was a blowout? Despite the jump in wholesale prices, S&P 500 futures clung to …

Morning Bid: Who’s afraid of a hot PPI? Read More »