Reuters UK Business

German exporters lose market share as competitiveness slips, Bundesbank says

14 Jul 2025

By Maria Martinez BERLIN (Reuters) -German exporters have lost significant ground in global markets since 2021 due mainly to a broad-based deterioration in the country’s competitiveness, the Bundesbank said on Monday. According to the Bundesbank’s monthly report, more than three-quarters of Germany’s export market share losses between 2021 and 2023 resulted from worsening supply-side conditions …

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UK’s CityFibre secures $3 billion to invest in network, M&A

14 Jul 2025

LONDON (Reuters) -British fibre broadband network CityFibre said on Monday it had agreed 2.26 billion pounds ($3.04 billion) of new finance from its shareholders and existing lenders to fund network investment and acquire smaller rivals. “CityFibre is key to the consolidation in this sector,” Chief Executive Greg Mesch told reporters. Secondary, he said, the funds …

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AstraZeneca drug lowers high blood pressure in late-stage study; shares rise

14 Jul 2025

By Pushkala Aripaka and Maggie Fick LONDON (Reuters) -AstraZeneca said on Monday its experimental drug baxdrostat significantly lowered blood pressure in a late-stage trial of patients with treatment-resistant hypertension. The news sent shares of the Anglo-Swedish drugmaker up by almost 2%. The company said it expects peak annual sales for the drug to exceed $5 …

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Broadcom scraps microchip plant investment in Spain, report says

14 Jul 2025

MADRID (Reuters) -U.S. chipmaker Broadcom has pulled out of plans to invest in a microchip plant in Spain as talks with the government have broken down, news agency Europa Press reported on Sunday citing unidentified sources. Spain’s Digital Transformation Ministry and Broadcom did not immediately respond to requests for comment. The Europa Press report did …

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Spaniards struggle to enjoy their own beaches in tourist deluge

14 Jul 2025

By Corina Pons MADRID (Reuters) -International holidaymakers are keeping Spaniards off their own sun-kissed beaches due to ever-rising hotel and rental prices during an unprecedented tourism boom. Spain’s top 25 Mediterranean and Atlantic coast destinations saw local tourism drop by 800,000 people last year whereas foreign visitors rose 1.94 million, according to previously unreported official …

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Asset manager Ashmore reports slower quarterly outflows

14 Jul 2025

(Reuters) -Wealth manager Ashmore on Monday reported lower than expected net outflows in the quarter through June as fewer investors pulled money out of its funds and emerging market equities outperformed developed markets amid a weaker dollar. Shares rose as much as 2.3% after the London-listed wealth manager reported net outflows of $800 million in …

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OPEC projects ‘very strong’ third-quarter oil demand, followed by tight balance, RIA reports

14 Jul 2025

MOSCOW (Reuters) -OPEC, which along with its allies is ramping up oil output, expects “very strong” oil demand in the third quarter and a tight supply-demand balance in the following months, its secretary general said, according to a Russian media report. The eight members of the OPEC+ producer group, comprising the Organization of the Petroleum …

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UK labour market cooled rapidly in June, KPMG/REC survey shows

14 Jul 2025

(Reuters) -Britain’s labour market cooled sharply and the number of people available for work jumped at the fastest pace since the COVID-19 pandemic, according to data that is likely to back up the Bank of England’s plan to stay on its interest rate-cutting path. The Recruitment and Employment Confederation and accountants KPMG said on Monday …

UK labour market cooled rapidly in June, KPMG/REC survey shows Read More »

BHP takes steps with CATL, BYD to use more batteries, cut emissions

14 Jul 2025

MELBOURNE (Reuters) -The world’s biggest listed miner BHP said on Monday it has signed preliminary deals with China battery giants CATL and BYD to explore battery opportunities for mining equipment and transport across its global operations. The companies will jointly research and develop battery solutions for heavy mining equipment and railway locomotives, which in BHP’s …

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Swedish headline 2.8% in June, final Statistics Office data shows

14 Jul 2025

STOCKHOLM (Reuters) -Swedish headline consumer prices rose 0.5% in June from the previous month and were up 2.8% from the same month a year earlier, final figures from the statistics office (SCB) showed on Monday. Stripping out volatile energy prices, a measure the Riksbank is looking at closely, inflation was 3.3% compared to June 2024. …

Swedish headline 2.8% in June, final Statistics Office data shows Read More »

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