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No-deal Brexit will wreak havoc on UK business: Minister

Bloomberg Failure to reach a Brexit deal would wreak havoc on British business, especially manufacturers that rely on just-in-time supply chains. That’s the view of Business Minister Richard Harrington, who in an interview defended the right of companies to openly voice their concerns. “It would be completely disastrous for business in this country,”Harrington said. Four months after Prime Minister Theresa ...

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UK services sector growth hits 8-month high

Bloomberg The UK’s dominant services sector grew at the fastest pace in eight months in June, driving a bounce back in the nation’s economy and boosting the case for a Bank of England rate increase as soon as next month. The unexpected gain in the gauge of activity followed reports this week showing faster growth in manufacturing and construction. IHS ...

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Buoyant euro-area services drive pick-up in growth momentum

Bloomberg The euro area’s services sector expanded at a faster pace than initially estimated in June, as the industry drove a pick-up in the bloc’s growth momentum. A purchasing managers’ index for the region climbed to 55.2 last month, higher than an earlier flash estimate of 55 and up from 53.8 in May, IHS Markit said on Wednesday. The survey ...

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