Reuters UK Business

UK’s Barratt Redrow misses home completion target, warns of ‘fragile’ buyer confidence

15 Jul 2025

By Raechel Thankam Job (Reuters) -Britain’s largest homebuilder Barratt Redrow on Tuesday missed its annual forecast for home completions and warned confidence among buyers remained “fragile”, sending its shares down almost 13%. The group announced 16,565 home completions for the year ended June 29, below its forecast of 16,800 to 17,200, chiefly due to delays …

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Germany plans AI offensive to catch up on key technologies, document shows

15 Jul 2025

By Andreas Rinke BERLIN (Reuters) -Germany wants to ramp up its use of artificial intelligence by the end of the decade to support Europe’s largest economy and compete on the world stage in key technologies, a document seen by Reuters showed on Tuesday. The race to develop AI is intensifying, with China, the United States …

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German investor morale rises more than expected in July, ZEW finds

15 Jul 2025

By Maria Martinez BERLIN (Reuters) -German investor morale rose more than expected in July, the ZEW economic research institute said on Tuesday, but economists warned that optimism would vanish if the EU does not reach a trade deal with the United States. The economic sentiment index rose to 52.7 points from 47.5 points in June, …

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Britain, Czech Republic to work together on small nuclear plants

15 Jul 2025

(Corrects July 14 story to say Czech Republic is a central European country, not eastern European, in first paragraph) By Susanna Twidale LONDON (Reuters) -Britain and the Czech Republic said on Monday they would work to explore opportunities for small modular nuclear reactors (SMRs), a partnership that could see Rolls-Royce’s SMR business export up to …

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Swedish finance minister says 10% U.S. tariffs the lowest EU can expect

15 Jul 2025

STOCKHOLM (Reuters) -A tariff level of 10% is the best that the European Union can expect from negotiations with the United States, Sweden’s Finance Minister Elisabeth Svantesson said on Tuesday. “We have to reckon on 10% in any case. That’s the lowest we can expect,” Svantesson told reporters. Svantesson said uncertainty about tariffs as well …

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UK regulators propose simplifying senior manager certification rules

15 Jul 2025

LONDON (Reuters) -Britain’s Financial Conduct Authority and Prudential Regulation Authority proposed changes on Tuesday to simplify the senior managers and certification regime in a bid to reduce red tape for financial firms. “We are proposing streamlining the rules, so they work better for industry and support competitiveness… while maintaining the high standards the regime has …

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Thames Water fights to avoid nationalisation after $2 billion loss

15 Jul 2025

By Paul Sandle LONDON (Reuters) -Thames Water reported an annual pretax loss of 1.65 billion pounds ($2.22 billion) on Tuesday and a downturn in its environmental performance, with sewage spills up by a third, as the debt-laden utility seeks to fight off nationalisation. The British company, which said it had sufficient funds to continue operating …

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Germany’s wind power expansion picks up, but targets still missed, says lobby

15 Jul 2025

BERLIN (Reuters) -Germany’s onshore wind power sector recorded its strongest half-year since 2017, but the expansion still falls short of the legally mandated targets, the BWE wind power lobby said on Tuesday. Berlin aims to source 80% of Germany’s electricity from renewable energy by 2030, a goal accelerated by recent reforms and the drop in …

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