Reuters UK Business

BP to update on cost-cutting progress as Elliot increases pressure, FT reports

4 Aug 2025

(Reuters) -BP will announce updates on its $5 billion cost-cutting initiative on Tuesday, amid growing pressure from activist investor Elliott Management to take stronger action to reduce its operating expenses, the Financial Times reported on Monday. Elliott wants BP CEO Murray Auchincloss to add another $5 billion of cost savings to the $4 billion-$5 billion …

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Sterling advances against dollar, euro ahead of BoE policy announcement

4 Aug 2025

By Samuel Indyk LONDON (Reuters) -The British pound climbed against the dollar on Monday, adding to gains from Friday as the U.S. currency dropped following a weak U.S. jobs report, with the focus on the Bank of England’s impending policy announcement later this week. The pound was last at $1.3306 against the dollar, up 0.2% …

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Eurostar services severely disrupted due to French track closure

4 Aug 2025

PARIS (Reuters) -Eurostar warned passengers on Monday to expect severe disruption and cancellations throughout the day on routes to and from Paris, after a section of the French rail network, operated by France’s railway company SNCF, was temporarily closed. The high-speed train operator urged travellers to postpone their journeys if possible. “Passengers can exchange their …

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Polish banks relaxed loan rules due to rate cuts in second quarter, boosting demand, survey shows

4 Aug 2025

WARSAW (Reuters) -Polish banks eased their lending criteria in the second quarter of 2025 due to greater competition and interest rate cuts, spurring demand for loans, the central bank said in a quarterly survey of banks published on Monday. In the second quarter, banks eased their lending criteria for businesses due to increased competition and …

Polish banks relaxed loan rules due to rate cuts in second quarter, boosting demand, survey shows Read More »

UK’s Senior reports 10% rise in profit on civil aerospace and defence demand

4 Aug 2025

(Corrects pounds to dollars conversion of adjusted operating profit in paragraph 3) (Reuters) -British engineering firm Senior reported a 10% rise in first-half adjusted operating profit on Monday, helped by its aerospace division on robust civil aerospace and defence demand. Rising air travel demand, driven by growing disposable income along with increased defence spending amid …

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EU-US trade deal sends euro zone investor sentiment plummeting

4 Aug 2025

BERLIN (Reuters) -Investor sentiment in the euro zone unexpectedly tumbled in August in one of the first indications that the business community is unimpressed with the European Union’s new trade deal with the United States, a survey showed on Monday. The Sentix index for the euro zone turned negative in August, falling to -3.7 from …

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German engineering orders fall 5% in June on tariff uncertainty

4 Aug 2025

BERLIN (Reuters) -German engineering orders fell 5% in June compared with a year earlier, with dips in both domestic and foreign demand reflecting uncertainty caused by trade tensions, engineering association VDMA said on Monday. Domestic and foreign orders both decreased by 5% in June, with a 16% surge in demand from euro zone countries offset …

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Startup firm Pulse Clean Energy gets 220 million pounds to build battery storage across UK

4 Aug 2025

(Reuters) -British startup Pulse Clean Energy said it had secured 220 million pounds ($292.3 million) in financing from six international banks to fund the development of six new battery storage system sites across the UK. In a statement on Monday it did not say where the sites are but said they were “strategically located across …

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Close Brothers pops 30%, Lloyds surge after favourable motor finance ruling

4 Aug 2025

MILAN (Reuters) -Close Brothers shares popped 30% at the open on Monday, after a Supreme Court ruling last week on car finance commissions went largely in favour of banks, although it still left them facing millions of potential compensation claims. Among other UK bank stocks affected, Lloyds rose more than 6% and Barclays gained 1.9%. …

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Norway’s Hammerfest LNG restarts after maintenance

4 Aug 2025

OSLO (Reuters) -Norway’s Equinor restarted its Hammerfest LNG terminal on Sunday, Europe’s largest natural gas export facility, after more than three months of maintenance, a company spokesperson said on Monday. The Hammerfest plant in Arctic Norway, also known as Melkoeya LNG, had been offline since April 22. The facility had initially been scheduled to return …

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