Reuters UK Business

UK surveyors report weakest house price growth in nearly a year, RICS survey shows

12 Jun 2025

By Suban Abdulla LONDON (Reuters) -Britain’s housing market lost more steam last month as demand faded from buyers after an increase in property transaction taxes in April and concerns mounted about global trade tensions, a survey showed on Thursday. The Royal Institution of Chartered Surveyors’ monthly house price balance – which measures the difference between …

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Oracle soars after raising annual forecast on robust cloud services demand

12 Jun 2025

By Juby Babu (Reuters) -Oracle raised its annual revenue growth forecast on Wednesday, betting on robust demand for its cloud offerings from companies deploying artificial intelligence, sending its shares up more than 7% after the bell. For fiscal 2026, Oracle expects total revenue to be at least $67 billion, CEO Safra Catz said on a …

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Meta and TikTok challenge tech fees in second highest EU court

11 Jun 2025

By Foo Yun Chee LUXEMBOURG (Reuters) -Meta Platforms and TikTok said a European Union supervisory fee levied on them was disproportionate and based on a flawed methodology as they took their fight with tech regulators to Europe’s second highest court on Wednesday. Under the Digital Services Act that became law in 2022, the two companies …

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Exclusive-Chile’s Codelco to focus on public-private partnerships to boost finances and production, CFO says

11 Jun 2025

By Fabian Cambero SANTIAGO (Reuters) -Chile’s Codelco, the world’s largest copper producer, will focus on more public-private partnerships to buoy finances and improve its capacity to develop new projects amid efforts to boost production, CFO Alejandro Sanhueza told Reuters on Wednesday. A growing global appetite for copper and lithium amid the energy transition has led …

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UniCredit CEO sees slim hopes of BPM deal, says Commerzbank too costly

11 Jun 2025

By Valentina Za MILAN (Reuters) -UniCredit CEO Andrea Orcel said on Wednesday he currently saw little scope to advance his acquisition strategy, given that Commerzbank had become too pricey and Italy was effectively blocking a takeover of Banco BPM. Veteran investment banker Orcel arrived at UniCredit in 2021 vowing to use M&A to speed up …

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Dollar keeps losing market share but euro slow to benefit: ECB study

11 Jun 2025

FRANKFURT (Reuters) -The dollar continued to lose market share as the world’s dominant currency last year but mostly smaller rivals and gold benefited rather than the euro, an ECB report showed on Wednesday. However, an acceleration in the selling of dollar assets since April because of erratic U.S. economic policy provides an opportunity for the …

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EU lending arm triples defence loan plan to 3 billion euros

11 Jun 2025

(Corrects figure on German defence and infrastructure spending plan in paragraph 8 to 500 billion from 500 million) By Marc Jones and Tom Sims LONDON/FRANKFURT (Reuters) -The EU’s lending arm, the European Investment Bank, has tripled a scheme to help fund the bloc’s defence industry to 3 billion euros ($3.43 billion) and signed a deal …

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French central banks trims growth outlook on trade tensions

11 Jun 2025

PARIS (Reuters) -France’s economy will slow more sharply this year than previously expected as U.S. trade tensions hit demand for French exports, the central bank said on Wednesday in its quarterly outlook. After expanding 1.1% last year, the euro zone’s second-biggest economy is set to grow only 0.6% this year, the Bank of France forecast, …

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Investors pull out of US stocks and into Europe and emerging markets

11 Jun 2025

By Patturaja Murugaboopathy (Reuters) -Global investors have moved money from U.S. equities and into European and emerging markets assets, as concerns mount over U.S. fiscal policy, rising debt and the risk that trade tariffs will trigger a recession. Equity mutual funds and exchange-traded funds, or ETFs, domiciled in the United States saw outflows of $24.7 …

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AB Foods holds off bioethanol plant closure decision until June 25

11 Jun 2025

By James Davey LONDON (Reuters) -Associated British Foods will hold off deciding the fate of its under threat Vivergo bioethanol plant in Hull, northern England, until June 25, hoping the government will step in with a support package, it said on Wednesday. The group has warned that last month’s U.S.-UK trade deal, which will see …

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