Reuters UK Business

Trump pushes EU to cut tariffs or face extra duties, FT reports

23 May 2025

(Reuters) -U.S. President Donald Trump’s trade negotiators are pushing the EU to make unilateral tariff reductions on U.S. goods, saying without concessions the bloc will not progress in talks to avoid additional 20% “reciprocal” duties, the Financial Times reported on Friday. U.S. Trade Representative Jamieson Greer is preparing to tell European Trade Commissioner Maros Sefcovic …

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UK’s AJ Bell forecasts higher 2025 profit margin, shares hit record high

23 May 2025

By Chandini Monnappa and Rishab Shaju (Reuters) -British investment platform AJ Bell on Friday raised its 2025 pre-tax profit margin forecast after a surge in customer activity helped half-year profit rise 12%, sending shares to a record high. Fluctuating tariff policies under U.S. President Donald Trump have heightened market volatility and global recession concerns, leading …

UK’s AJ Bell forecasts higher 2025 profit margin, shares hit record high Read More »

UK removes official accreditation from past producer price data

23 May 2025

LONDON (Reuters) – Britain’s statistics authorities have temporarily removed official status on Friday from producer price data published from November 2020 onwards, following the discovery of calculation errors. Britain’s Office for National Statistics suspended the publication of new producer price data in March after finding an error in how ‘chain-linking’ methods had been coded into …

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Hungarian central bank to leave base rate steady again, eyeing CPI risks: Reuters poll

23 May 2025

By Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank will keep interest rates unchanged again next Tuesday, according to a Reuters poll that expects hardly any loosening in monetary policy through to the end of 2025, due to inflation risks. All 14 analysts surveyed between May 19 and 23 said the base rate would stay …

Hungarian central bank to leave base rate steady again, eyeing CPI risks: Reuters poll Read More »

Pound trades at highest since early 2022, boosted by unease over US assets

23 May 2025

By Amanda Cooper LONDON (Reuters) -The pound traded at its highest in over three years on Friday, heading for its largest weekly gain against the dollar since early April, thanks in part to unexpectedly robust UK retail sales data and to ongoing investor unease around U.S. assets. Sunny weather boosted British consumer spending in April. …

Pound trades at highest since early 2022, boosted by unease over US assets Read More »

Exclusive-Russia’s major exporters cut rail cargo volumes as economy slows, document shows

23 May 2025

By Gleb Stolyarov (Reuters) -Major Russian exporters including Rusal and Gazpromneft have cut the planned volume of commodities like metal and oil products they send by rail, a Russian Railways document seen by Reuters showed, the latest sign of subdued demand as the country’s war economy slows. The state-owned rail monopoly intends to reduce 2025 …

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Poland to cut copper mining tax from 2026, finance minister says

23 May 2025

WARSAW (Reuters) -Poland’s copper mining tax will fall from next year under a new system that will provide deductions related to investment spending, Polish finance minister Andrzej Domanski said on Friday. The tax on mineral extraction, including copper, was introduced in 2012. Poland’s biggest copper miner KGHM paid 3.87 billion zlotys in tax in 2024, …

Poland to cut copper mining tax from 2026, finance minister says Read More »

French consumer confidence falls unexpectedly to 5-month low in May

23 May 2025

PARIS (Reuters) -French consumer confidence fell unexpectedly in May, hitting a five-month low as concerns about the economy and unemployment surged, a monthly survey from the INSEE stats agency showed on Friday. INSEE said its household confidence index fell to 88 from 91 in April, confounding economists’ average expectation in a Reuters poll for an …

French consumer confidence falls unexpectedly to 5-month low in May Read More »

UniCredit says it will appeal in court against Italy’s conditions on Banco BPM bid

23 May 2025

By Valentina Za MILAN (Reuters) -Italian bank UniCredit said on Friday it will appeal in court against the conditions imposed by the government to clear its takeover bid for rival Banco BPM. UniCredit said in a statement it would file the legal complaint “shortly” with the administrative court of Rome’s Lazio region. It said it …

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