Reuters UK Business

UK private sector sees weak growth and gloom persist in months ahead, CBI says

LONDON, Dec 2 (Reuters) – Britain’s private sector expects output to slide over the next three months in their gloomiest outlook since May, as cautious consumer spending and cost pressures continue to weigh on businesses, an industry survey showed on Tuesday.  The Confederation of British Industry said the output expectations gauge of its surveys of …

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Ukraine offers bond swap on $3.2 billion GDP warrants in bid to emerge from default

By Karin Strohecker LONDON, Dec 1 (Reuters) – Ukraine launched an offer to investors to swap $3.2 billion of complex and costly GDP warrants for international bonds on Monday, the government said, as it attempts to clear a major remaining hurdle in its push to emerge from sovereign default. Kyiv managed to complete a restructuring …

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Bitcoin falls again after weak November as bearish sentiment goes on

By Amanda Cooper and Caroline Valetkevitch NEW YORK/LONDON, Dec 1 (Reuters) – Bitcoin slumped on Monday, with the world’s largest cryptocurrency down about 6% and on track for its biggest daily percentage fall since early November, as risk aversion drove investors out of digital and other assets. Bitcoin was last down 6% at $85,788 and …

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Swiss, German authorities shut down cryptomixer.io in money laundering crackdown

FRANKFURT, Dec 1 (Reuters) – A group of Swiss and German law enforcement agencies said on Monday they shut down cryptomixer.io, one of the largest platforms to cover up the tracks of bitcoin transfers from illegal activities. Germany’s federal investigation agency BKA said in a statement it worked with regional prosecutors in Frankfurt as well as …

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Exclusive-Nestlé explores sale of Blue Bottle Coffee, sources say

By Abigail Summerville Dec 1 (Reuters) – Swiss food giant Nestlé is working with investment bank Morgan Stanley to review options, including a potential sale, of its Blue Bottle Coffee chain, according to three sources familiar with the matter. The move is part of a broader strategic review under new Chief Executive Philipp Navratil to …

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Black Sea shipping insurance rates rise after Ukraine attacks tankers, sources say

By Jonathan Saul LONDON, Dec 1 (Reuters) – The cost of shipping commodities through the Black Sea climbed on Monday after Ukrainian naval drones hit two tankers heading to a Russian port, with fears of further attacks driving up war risk insurance costs, industry sources said. The Black Sea is crucial for the shipment of …

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Bitcoin hoarder Strategy sharply cuts annual earnings target as crypto slide deepens

By Pritam Biswas and Hannah Lang Dec 1 (Reuters) – Strategy slashed its earnings forecast for 2025 on Monday, citing a weak run in bitcoin, the world’s largest cryptocurrency, and announced plans to create a reserve to support dividend payments. Shares of the largest corporate holder of bitcoin slumped about 8% in afternoon trade. Bitcoin …

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