Reuters UK Business Archives - Page 722 of 3179

AEB cuts Russia car sales forecast, hopes for recovery with state support

3 Jul 2025 3 Jul 2025

(Reuters) -Industry group AEB on Thursday said it had lowered its forecast for Russia’s 2025 car sales, but said the market was showing early signs of stabilising and that more government support and lower interest rates could support a recovery. Russia’s car market collapsed in 2022 as Western carmakers such as Renault and Volkswagen exited …

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EU allows more power imports from Ukraine, Kyiv says

3 Jul 2025 3 Jul 2025

KYIV (Reuters) -The European Union has increased the maximum capacity of electricity imports from Ukraine by 38.5%, giving Kyiv a chance to earn money to rebuild power facilities destroyed by Russian attacks, Ukraine’s energy ministry said on Thursday. The new limit of 900 megawatt hours will be in place until August 1, and then reviewed …

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UK firms trim year-ahead wage growth expectations, BoE survey shows

3 Jul 2025 3 Jul 2025

LONDON (Reuters) -British businesses have trimmed their expectations for wage growth over the coming year, a Bank of England survey conducted in June showed on Thursday. Firms expected wage growth of 3.6%, down 0.1 percentage points on a three-month moving-average basis, according to the survey. It added that in June, 29% of British businesses expected …

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UK services sector grows at fastest pace since August, PMI shows

3 Jul 2025 3 Jul 2025

LONDON (Reuters) -British services sector activity expanded at the fastest rate in nearly a year in June, and the prices they charged rose at the slowest pace in almost four years, according to a survey on Thursday that is likely to be welcomed by the Bank of England. The S&P Global UK Services Purchasing Managers …

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German services sector stabilises in June, PMI shows

3 Jul 2025 3 Jul 2025

(Corrects paragraph 2 to say final reading was slightly above, not below, preliminary reading) BERLIN (Reuters) -Germany’s services sector showed signs of stabilisation at the end of the second quarter, with business activity experiencing only a marginal decline in June, a survey showed on Thursday. The HCOB final services Purchasing Managers’ Index rose to 49.7 …

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Santander’s bet on Britain with TSB deal shows banks’ need for scale

3 Jul 2025 3 Jul 2025

By Jesús Aguado, Andres Gonzalez and Amy-Jo Crowley MADRID/LONDON (Reuters) -Santander’s plan to buy TSB for 2.65 billion pounds ($3.61 billion) and boost its position in the UK came together only a few weeks ago, after the Spanish bank had been considering a possible exit from Britain, three sources close to the process said. The …

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Akzo Nobel names Fredrik Westin as next CFO

3 Jul 2025 3 Jul 2025

(Reuters) -Dulux paint maker Akzo Nobel said on Thursday it had appointed Fredrik Westin as its chief financial officer from January 1, 2026. Westin will succeed Maarten de Vries, who is completing his second four-year term as finance chief and will retire from Akzo Nobel in April next year. Westin has been CFO at Autoliv, …

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Kongsberg Automotive cuts costs amid weak truck market, affecting 150 jobs

3 Jul 2025 3 Jul 2025

(Reuters) -Kongsberg Automotive expects around 150 roles to be affected by a cost-cutting plan as it looks to streamline operations amid soft truck demand, trade tensions and a weaker market outlook, it said on Thursday. The overhead cost reduction plan is set to save 15 million euros ($17.69 million), with most actions done this year …

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Pluxee books 11% organic rise in 3rd quarter revenue, driven by Latin America

3 Jul 2025 3 Jul 2025

By Dimitri Rhodes and Etienne Breban (Reuters) -French voucher and benefits company Pluxee reported an 11.1% organic rise in its third-quarter operating revenue on Thursday, broadly in line with market expectations, driven by growth in Latin America and other international markets. Benefits providers like Edenred and Pluxee are increasingly relying on tertiary geographies like Latin …

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Ryanair cancels 170 flights, disrupts over 30,000 passengers on French ATC strike

3 Jul 2025 3 Jul 2025

(Reuters) -Ryanair said on Thursday it was forced to cancel 170 flights, disrupting travel for more than 30,000 passengers, due to a nationwide air traffic controller strike in France planned for later in the day and Friday. The disruption comes at the start of Europe’s summer holidays, one of the busiest travel periods of the …

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