Reuters UK Business News

Subscribe to Reuters UK Business News feed Reuters UK Business News is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 16 hours 32 min ago

French car sales lose momentum amid economic gloom

Mon, 03/11/2014 - 09:43
PARIS (Reuters) - French car sales fell back in October as consumers put off big purchases amid weakening economic confidence, the country's CCFA industry association said on Monday.

Alibaba's first earnings to test mettle, investor enthusiasm

Mon, 03/11/2014 - 09:23
SAN FRANCISCO/BEIJING (Reuters) - Alibaba Group Holding Ltd's first full quarterly report card to Wall Street investors on Tuesday will be scrutinised by the hopeful seeking validation for lofty stock price targets and studied by the few sceptics searching for inauspicious signs.

German manufacturing sector rebounds in October after September dip - PMI

Mon, 03/11/2014 - 09:03
BERLIN (Reuters) - German factory activity rebounded in October after shrinking slightly in September for the first time in over a year, although there are signs of weak domestic demand in Europe's largest economy, a survey showed on Monday.

French manufacturing contracts less than first reported in Oct - PMI

Mon, 03/11/2014 - 08:53
PARIS (Reuters) - French factory activity shrank at a much slower pace than initially reported in October, data compiler Markit said on Monday, although the contraction was still slightly faster than in September.

China October PMIs point to cooling economic momentum, growth target at risk

Mon, 03/11/2014 - 08:45
BEIJING (Reuters) - China's economy lost further momentum heading into the fourth quarter as a cooling property market weighed on activity and export demand softened, surveys showed on Monday, putting Beijing's official target for the year at even greater risk.

Xstrata founder Davis bids for Anglo American assets - Sunday Times

Sun, 02/11/2014 - 14:50
LONDON (Reuters) - Mick Davis, the former boss of miner Xstrata , has made an offer for Anglo American assets including copper mines in Chile, Brazilian nickel mines and some coal operations, the Sunday Times reported without citing sources.

Monte Paschi working on 'substantial' capital increase - source

Sun, 02/11/2014 - 12:55
LONDON (Reuters) - Banca Monte dei Paschi di Siena , the oldest surviving bank in the world, is working on a rights issue to fill at least half of a 2.1 billion euro (1.62 billion pounds) capital gap uncovered by a European review of banks, a source with direct knowledge of the matter said.

Oil price tumble could accelerate Repsol deal search

Sun, 02/11/2014 - 09:05
MADRID (Reuters) - Spanish oil firm Repsol is set to accelerate a $10 billion acquisition drive to take advantage of lower U.S. shale valuations in the face of falling oil prices and eventually fill a gap left by the 2012 seizure of its Argentine business.

Wounded Japan PM grapples with tax jinx after BOJ eases

Sun, 02/11/2014 - 07:41
TOKYO (Reuters) - When Prime Minister Shinzo Abe raised Japan's sales tax from April, he was betting he could break a jinx that has doomed leaders who raised the levy to losing their jobs.

European growth as elusive as quicksilver

Sun, 02/11/2014 - 07:04
LONDON (Reuters) - Data from both sides of the Atlantic will give clues in the coming week on just how bad the euro zone economy is and just how sustainable is its U.S. counterpart.

Britain's Islamic finance market widens with government, private moves

Sun, 02/11/2014 - 07:00
(Reuters) - The scope of Britain's Islamic finance market is widening with several initiatives from the government and private sector, although the country is about to lose one of its six full-fledged Islamic banks.

Diageo, Jose Cuervo near deal to swap brands - WSJ

Sat, 01/11/2014 - 21:39
(Reuters) - Diageo PLC is nearing a deal with Jose Cuervo that would give the British liquor company full ownership of Don Julio tequila in exchange for its Bushmills whiskey label, the Wall Street Journal reported on Saturday, citing people familiar with the matter.

Takata discloses air bags with a new flaw were made from 2008-2014

Sat, 01/11/2014 - 17:09
DETROIT (Reuters) - Takata Corp disclosed for the first time that it began making air bags with a recently discovered flaw as early as 2008, in a report to the U.S. National Highway Traffic Safety Administration that the agency released on Saturday.

Putin awards a posthumous Order of Honour on Total's Margerie

Sat, 01/11/2014 - 15:39
MOSCOW (Reuters) - Russian President Vladimir Putin has awarded a posthumous Order of Honour to Christophe de Margerie, chief executive of France's Total oil company, killed when a business jet collided with a snow plough during takeoff at Moscow airport in October.

Kaufhof owner Metro says held talks with Karstadt owner

Sat, 01/11/2014 - 15:18
FRANKFURT (Reuters) - German retail giant Metro AG which owns the Kaufhof chain of department stores, on Saturday said it had held exploratory talks about purchasing rival Karstadt, adding it was not aggressively pursuing a deal.

BNP CEO: French banks should pay only two thirds of bailout contribution

Sat, 01/11/2014 - 12:31
PARIS (Reuters) - French banks should pay only 10 billion euros (7.82 billion pounds) of the 16 billion they are being asked to contribute to a proposed EU bailout fund, BNP Paribas chief executive Jean-Laurent Bonnafé said in an interview in Le Figaro on Saturday.

German pilots won't strike during negotiations with Lufthansa - Focus

Sat, 01/11/2014 - 12:03
FRANKFURT (Reuters) - German pilots' union Vereinigung Cockpit (VC) will abstain from industrial action during negotiations with airline Lufthansa over pay and early retirement benefits, Germany's Focus magazine reported.

Rocket Internet IPO propped up by underwriting bank - filing

Sat, 01/11/2014 - 11:46
FRANKFURT (Reuters) - Proceeds from the listing of Rocket Internet shares were lowered to around 1.4 billion euros (1.09 billion pounds), from an initially targeted 1.6 billion euros, regulatory filings to the Frankfurt Stock Exchange late on Friday show.

KPN's America Movil board member sells part of KPN stake

Sat, 01/11/2014 - 09:41
BRUSSELS (Reuters) - The Chief Financial Officer of Mexico's America Movil has reduced his personal stake in Dutch telecoms group KPN, of which he is a supervisory board member, by more than a quarter, regulatory filings showed on Saturday.

Meyer Burger CEO says no current plans to raise more capital - paper

Sat, 01/11/2014 - 09:37
ZURICH (Reuters) - Swiss solar industry supplier Meyer Burger has no plans to raise further capital at present and it sees signs of a slow recovery in the market, its chief executive said in an interview published on Saturday.