AMSTERDAM (Reuters) -ECB policymakers will need to get a clearer picture of the effects of U.S. and EU trade policies on inflation before they can decide whether interest rates need to be cut in June, ECB governing council member Klaas Knot said. “I can’t exclude we will decide to have another rate cut in June, …
ECB’s Knot says inflation picture for June meeting still unclear Read More »
By Ankita Bora and Yadarisa Shabong (Reuters) -British meat producer Cranswick posted annual pretax profit ahead of market forecasts on Tuesday, benefiting from strong demand for pork and poultry as well as its expansion into pet foods. The over 50-year-old firm expanded pig farming and milling operations this past year through acquisition of UK pig …
Cranswick shares hit record high as profit beats market forecasts Read More »
By William Schomberg and Andy Bruce LONDON (Reuters) -Bank of England Chief Economist Huw Pill said the BoE’s pace of interest rate cuts had been too fast given still strong wage pressures on inflation, but his vote this month to keep borrowing costs on hold was likely to prove “a skip” not a halt. The …
BoE’s Pill views quarterly pace of rate cuts as ‘too rapid’ Read More »
LONDON (Reuters) -The Bank of England’s Prudential Regulation Authority clarified its expectations around business conducted within branches of international banks in Britain, introducing a new threshold around deposits covered by the UK’s compensation scheme. The PRA said on Tuesday it was introducing a new indicative threshold of 300 million pounds ($401 million) of total retail …
Bank of England’s PRA clarifies status of international bank branches Read More »
(Reuters) – Britain’s SSP Group on Tuesday launched a cost-cutting drive and a turnaround plan to revive profitability of its food outlet operations in continental Europe, its largest market. As part of plans to boost margins and returns in fiscal year 2026, the owner of Upper Crust, is reviewing its Italian operations and potentially exiting …
SSP in cost-cutting drive amid global uncertainty Read More »
KYIV (Reuters) -An International Monetary Fund monitoring mission started a new review of its $15.5 billion program to Ukraine on Tuesday, with discussions expected to focus on the war-torn economy and budget needs, the lender and Ukrainian officials said. IMF said in a statement that the policy discussions would be part of its eighth review …
IMF begins new review of war-torn Ukraine’s $15.5 billion loan Read More »
By James Davey LONDON (Reuters) -Britain’s food sellers and producers, both large and small, welcomed a deal with the European Union to cut border red tape, saying it would reduce costs and ease trade for both sides. Britain and the EU on Monday agreed to trade with vastly reduced paperwork and border checks on plant …
UK’s food sellers welcome EU deal but fishermen feel betrayed Read More »
By Maria Martinez BERLIN (Reuters) -The wave of new U.S. tariffs has severely dampened the mood among exporters and 42% of companies now expect their export revenues to decline markedly, according to a global survey by Allianz Trade published on Tuesday. The credit insurer surveyed 4,500 exporters in Germany, France, Italy, Spain, Poland, Britain, the …
US tariffs dampen mood of global exporters, study shows Read More »
(Reuters) -Britain’s Smiths Group said on Tuesday annual organic revenue growth would reach the top end of its 6%-8% forecast range, after demand for its baggage-screening kits and explosives detectors helped third-quarter sales jump 10.6%. The engineering company said it expects limited impact from tariffs as a “significant majority” of its products sold in the …
UK’s Smiths Group projects top-end annual sales growth, limited tariff hit Read More »
(Reuters) -British technical products and service distributor Diploma PLC raised its full-year organic revenue growth forecast on Tuesday after first-half sales jumped on strong demand for its cables and wires, sending shares to a record high. The London-based company, which serves customers in industries like aerospace, medical, industrial automation and construction, raised its full-year organic …
Diploma raises annual revenue growth forecast, shares jump Read More »
