Reuters UK Business

By Martin Coulter (Reuters) -Britain’s competition watchdog has closed its existing investigations into Apple and Google’s respective app stores, awaiting new laws governing digital markets. The tech giants have faced scrutiny around the world over the dominance of their respective App Store and Google Play store platforms, which critics say impose unfair charges on app …

UK watchdog shuts down probes into Apple and Google app stores Read More »

By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England will cut interest rates just once more this year, in November, a majority of economists said in a Reuters poll, as British inflation is expected to stay above target. At the August meeting, the Monetary Policy Committee trimmed Bank Rate to 5.00% from a 16-year …

Bank of England to deliver one more rate cut this year, economists say: Reuters poll Read More »

By Joan Faus and Anousha Sakoui BARCELONA/LONDON (Reuters) – Canadian fund Brookfield is in talks with banks to raise funds for its possible takeover bid for beleaguered Spanish drugmaker Grifols, two people familiar with the matter said on Wednesday. Those banks include Bank of America and UBS, one of the people said. Grifols said last …

Brookfield in talks with banks for funding Grifols’ takeover bid, sources say Read More »

By Noor Zainab Hussain (Reuters) – Yacht insurance provider OMAC is the carrier on the hull for the Bayesian, a 56-metre-long (184-ft) sailboat, that was hit by a ferocious storm on Monday, sinking off the northern coast of Sicily, two sources with knowledge of the matter said. The syndicates providing insurance include Travelers Companies Inc, …

Yacht insurance provider OMAC is hull carrier for sunken yacht in Sicily, sources say Read More »

By Pranav Kashyap (Reuters) -European shares edged up on Wednesday buoyed by gains in miners, while investors awaited the minutes of the U.S. Federal Reserve’s July meeting to gauge the direction of global monetary policy. The pan-European STOXX 600 index ticked up 0.2% at 513.11 points. The benchmark snapped a five-day winning streak on Tuesday. …

European shares rise as miners shine; Fed minutes in focus Read More »

By James Davey LONDON (Reuters) – Warm weather and household buying ahead of summer holidays accelerated sales growth at UK supermarkets in August, although No. 3 player Asda continued to struggle, industry data showed on Wednesday. Market researcher NIQ said sales at UK supermarkets grew 5.5% year-on-year over the four weeks to Aug. 10, against …

Sun and holidays boost UK supermarket spending but Asda struggles, says NIQ Read More »

By Andy Bruce LONDON (Reuters) -Britain’s government again borrowed more than expected last month, according to official data released on Wednesday that highlighted the tight financial backdrop for new finance minister Rachel Reeves as she readies her first annual budget. British public sector net borrowing was 3.101 billion pounds ($4.04 billion) in July, the Office …

UK borrows more than expected in July, underlining challenge for Reeves Read More »