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BusinessUK Factories Take Fright as Budget Adds to Cost Pressures, Survey Shows
UncategorizedUK Business Leaders Struggle to Recognise Cyber Risk as Financial Threat Amid Rising Breaches
BusinessOver Half UK Firms Plan to Raise Prices, Cut Jobs After Budget, BoE Survey Shows
FinanceECB to Cut Rates by 25 Bps on Dec. 12; at Least Four More Likely in 2025- Reuters Poll
UK Construction Grows but House-Building Decline Steepens, PMI Shows
Date: December 5, 2024
LONDON (Reuters) – Activity in Britain’s construction industry picked up in November but growth was lopsided, according to an industry survey that showed weaker residential house-building which is sensitive to high interest rates. The S&P Global/CIPS UK Purchasing Managers’ Index for the construction industry came in at 55.2 last month, up from October’s 54.3. Robust...
Business Leaders Fear Recession, Labour Shortages, World Economic Forum Says
Date: December 5, 2024
LONDON (Reuters) – Business leaders globally are worried about the risk of recession, labour shortages and rising inflation, despite some signs of improvement in economic conditions, a World Economic Forum survey said on Thursday. Extreme weather events are an increasing concern, following a year of record temperatures, severe flooding and wildfires, including in major economies...
UK Firms Jittery About Rise in Labour Costs and Trump Tariffs, Survey Shows
Date: December 5, 2024
By Suban Abdulla LONDON (Reuters) – British companies face a challenging 2025, the British Chambers of Commerce said on Wednesday with an increase in employment costs and potential tariffs on exports likely to hit their investment and trading prospects. The possibility of higher trade tariffs, as proposed by incoming U.S. president Donald Trump, and global...
Euro Zone Business Activity Declines Sharply in November, PMI Shows
Date: December 4, 2024
LONDON (Reuters) – Business activity across the euro zone fell sharply last month as the bloc’s dominant services sector joined the manufacturing sector in contracting, according to a survey which showed a broadbased decline. HCOB’s final composite Purchasing Managers’ Index for the currency union, compiled by S&P Global and seen as a good gauge of...
Russian Services Sector Expands for Fifth Month Running, PMI Shows
Date: December 4, 2024
(Reuters) – Activity across Russia’s services sector expanded for a fifth month running in November and at its fastest pace since January, a business survey showed on Wednesday, driven by a rise in new orders. The S&P Global Purchasing Managers’ Index for Russian services rose to 53.2 in November from 51.6 in October, moving further...
Shift to New UK Job Market Survey May Be Delayed to 2027, Ons Says
Date: December 3, 2024
By Suban Abdulla and William Schomberg LONDON (Reuters) – Britain’s statistics agency cautioned on Tuesday that the shift to its new, improved labour market survey may be pushed back to as late as 2027, dealing a fresh blow to the Bank of England as it tries to assess inflationary pressures in the economy. The Office...