Business News Headlines

FTSE creeps higher; Weir leads on analyst upgrade

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LONDON - Britain's top share index crept up on Tuesday, in cautious trade ahead of a European Central Bank policy decision this week, led by engineering firm Weir Group on an analyst upgrade.

FXpert 9:52am BST

UK construction growth strongest in seven months - PMI

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LONDON - Construction output in Britain grew at its fastest pace in seven months in August, boosting job creation but also putting strain on suppliers, industry data showed on Tuesday.

UK 10:33am BST

Quantitative easing hopefuls may be disappointed as Draghi plays for time

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FRANKFURT - Expectations for further policy action at the European Central Bank's meeting on Thursday are running high after ECB President Mario Draghi pledged to use all available tools to keep prices in check.

12:18pm BST

UK accounting watchdog fines Mazars two million pounds

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LONDON - Britain's accounting watchdog has fined audit and advisory firm Mazars 2 million pounds for failing in 2007 to meet regulatory standards while advising a pension fund.

11:28am BST

Cheap energy pulls down euro zone producer prices drop in July

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BRUSSELS - A drop in the highly volatile energy prices depressed euro zone producer prices in July as expected, underlining disinflationary pressures in the single currency area ahead of the European Central Bank's monetary policy meeting on Thursday.

10:22am BST

UK to deliver budget statement on December 3 - Osborne

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LONDON - The British government will release a half-yearly budget update and new fiscal forecasts on Dec. 3, Chancellor George Osborne said on Tuesday.

UK, 12:29pm BST

Japan's 'Abenomics' feared in trouble as challenges build

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TOKYO - Prime Minister Shinzo Abe's plan for Japan's economy to generate self-sustained growth on the back of his three policy "arrows" of massive monetary easing, spending and reform appears to be faltering - but no magic solution is in sight.

Japan 11:14am BST

UK housebuilder Redrow's full-year profit nearly doubles

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- British housebuilder Redrow Plc's full-year profit soared 91 percent, spurred by the UK government's 'Help-to-Buy' housing scheme and strong consumer sentiment.

8:54am BST

Top pension funds see total assets near $15 trillion - research

LONDON - The world's 300 biggest pension funds saw their combined assets rise 6.2 percent to $14.9 trillion (9.01 trillion pounds) in 2013, research from Pensions & Investments and Towers Watson showed.

11:05am BST

German August car sales down about 0.5 percent -source

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FRANKFURT - Sales of new cars in Germany, Europe's biggest auto market, declined about 0.5 percent in August, an industry source familiar with the matter told Reuters on Tuesday.

11:09am BST
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UK’s strong GDP has a soft centre

The headline - 0.8 percent second-quarter growth - sounds good. But construction shrank and industrial production was weak. Only services were strong. It sounds like a warning of future problems. Expectations of a UK interest rate rise may be delayed, leading the pound down.