Reuters UK Business

UK’s Treasury Committee drops OBR’s Hughes from Tuesday’s hearing

LONDON, Dec 1 (Reuters) – Britain’s Treasury Committee said Richard Hughes, who resigned as the head of the fiscal watchdog, would no longer appear to discuss the work of the agency on Tuesday after he quit over the organisation’s early release of key parts of the budget. The session will continue as scheduled on Tuesday …

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Airbus hit by new A320 quality problem after software recall

By Tim Hepher PARIS, Dec 1 (Reuters) – Airbus confirmed on Monday it faced an industrial quality issue with metal panels on some A320-family jets, in its latest challenge after a recall to fix a computer glitch. Reuters exclusively reported earlier that Airbus had found quality problems affecting the fuselage panels of several dozen A320-family …

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E.ON chief urges Germany to deprioritize wind and solar for grid connections

BERLIN, Dec 1 (Reuters) – Germany should give priority to consumers over wind and solar farms for future grid connections, the chief of Europe’s largest energy network operator E.ON said in an interview with German newspaper Sueddeutsche Zeitung, published on Sunday. “The renewables have won — they already deliver more than 60% of our electricity,” …

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Tesla new registrations plummet in key European markets in November

By Alessandro Parodi and Marie Mannes Dec 1 (Reuters) – Tesla registrations in several key European markets plunged in November from a year earlier as the U.S. EV maker continued to struggle to stem market share losses despite rolling out new versions of its best-selling Model Y. Elon Musk’s brand however sold more cars in …

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UK stocks fall, dragged down by industrials; Powell speech in focus

Dec 1, 2025 – UK stocks dipped on Monday, dragged down by losses in industrials stocks, amid a general risk-off global sentiment across markets, with investors monitoring domestic data sets and the U.S. Federal Reserve monetary path. The blue-chip FTSE 100 ended down 0.2%. The domestically focused FTSE 250 lost 0.7%, logging its biggest one-day …

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EU drops complaint against Chinese trade curbs on Lithuania at WTO – document

GENEVA, Dec 1 (Reuters) – The European Union on Monday said it had ended a trade dispute it launched against China in 2022 in which it accused Beijing of discriminatory trade practices against Lithuania. “The European Union (EU) hereby notifies the Dispute Settlement Body that, considering that the key objectives behind this dispute have been …

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Head of UK’s OBR quits over early release of budget report

LONDON, Dec 1 (Reuters) – The head of Britain’s fiscal watchdog, Richard Hughes, submitted his resignation on Monday after his agency inadvertently released the details of Rachel Reeves’ budget early, according to a letter published on its website. (Reporting by Muvija M; writing by Kate Holton; Editing by Rachel Armstrong)

BoE’s Greene sees weaker jobs, consumption as key to any rate cut vote

(Corrects paragraph 2 quote to read “deteriorate”, not “generate”) LONDON, Dec 1 (Reuters) – Bank of England policymaker Megan Greene said on Monday she would need to see more signs of weakening in the labour market and consumption in the economy to warrant voting for an interest rate cut. “I would need to see the …

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HSBC taps French start-up Mistral to supercharge generative-AI rollout

Dec 1 (Reuters) – HSBC said on Monday it had signed a multi-year deal with French start-up Mistral AI to integrate generative artificial intelligence tools across the bank, aiming to speed up automation, lift productivity, and enhance client services. Under the pact, HSBC will deploy Mistral’s commercial models and future upgrades on a self-hosted basis, …

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