BRUSSELS (Reuters) -The European Commission has started monitoring imports and exports of scrap metal including steel, aluminium and copper after stark industry warnings of shortages and the risk of smelter shutdowns, it said. EU smelters have been struggling for some time to secure supplies of scrap metal, a major input and an integral part of …
EU starts surveillance of scrap metal trade as supplies decline Read More »
By William Schomberg LONDON (Reuters) -British companies are struggling to grow and the job market continues to weaken, but inflation pressures are still lurking in the economy, according to surveys that are likely to keep the Bank of England on course for only gradual interest rate cuts. S&P Global’s preliminary UK Composite Purchasing Managers’ Index …
UK firms struggle but price pressures likely to keep Bank of England on alert Read More »
By Anant Chandak and Shaloo Shrivastava BENGALURU (Reuters) -Britain’s economy will grow at a slow, steady pace this year and next, keeping the Bank of England on course to cut interest rates on August 7 and again in November despite inflation remaining above target in coming months, according to most economists polled by Reuters. After …
By Simon Jessop and Iain Withers LONDON (Reuters) -Britain’s biggest private sector pension scheme plans to step up lobbying of governments, regulators and standard-setters to push for faster action amid a worsening climate outlook, its investment chief told Reuters. The Universities Superannuation Scheme, which manages nearly 78 billion pounds ($105.67 billion), has reduced emissions linked …
Britain’s biggest pension scheme to lobby governments more on climate Read More »
By Clara Denina, Ernest Scheyder and Melanie Burton (Reuters) -Rio Tinto is considering a possible sale of its titanium unit due to weak prices and low returns, three sources said, just as incoming CEO Simon Trott will weigh up a restructuring of the world’s second-largest miner when he takes over next month. Titanium, used to …
Exclusive-Rio Tinto weighs sale of titanium business, sources say Read More »
By Alessandro Parodi (Reuters) -New car sales in Europe fell more than 5% in June, the European Automobile Manufacturers Association (ACEA) said on Thursday, in a reflection of the global challenges faced by automakers. Tesla lost market share for a sixth consecutive month despite a rise in overall sales of electric cars, while the four …
European car sales slump in June as automakers’ woes deepen Read More »
By Elena Fabrichnaya MOSCOW (Reuters) -After recording record profits thanks to robust demand for loans even at sky-high interest rates, Russian banks are now hoping a cycle of rate cuts will nip concerns about rising overdue consumer debt in the bud. Analysts polled by Reuters expect the Bank of Russia to slash borrowing costs by …
Analysis-Russian rate cuts to ease banks’ concerns over rising bad debt Read More »
By Raechel Thankam Job (Reuters) -Kitchen and interior fittings supplier Howden Joinery reported a 4.4% rise in first-half profit on Thursday, helped by price hikes and market share gains, sending the British company’s shares up by more than 10%. The British company, which relies on home repairs, maintenance and improvements, has been expanding its business …
UK’s Howden Joinery’s interim profit growth bolsters shares Read More »
(Corrects source of data to Sustainable Fitch from Fitch Ratings) By Marc Jones LONDON (Reuters) -The amount of “green” bonds sold by governments, banks and companies has slumped by almost a third this year amid the rollback of climate change policies in the United States and Europe, new figures show. Data published by Sustainable Fitch …
Green bond issuance dives almost a third amid climate backtracking Read More »
By Susanna Twidale LONDON (Reuters) -Britain will increase the guaranteed price offered for offshore wind projects in this year’s renewables auction by 11%, government documents showed, amid rising costs for projects due to inflation and supply chain bottlenecks. The Labour government is facing mounting pressure from opposition parties over the affordability of its net-zero plan …
Britain to lift offshore wind auction power price guarantees by 11% Read More »
