Thursday , 25 December 2025

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UK housing market slump drags construction activity lower

BLOOMBERG The UK’s construction industry grew more slowly than expected in March as sliding demand for houses cut into activity across the sector. The Construction Purchasing Managers’ Index from S&P Global fell to 50.7 in March — above the crucial no-change reading of 50 but down from 54.6 in February. It missed economists’ expectations of 53.6. While activity on commercial …

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Vodafone fields approaches for $4b Spanish business

BLOOMBERG Vodafone Group Plc’s Spanish business is attracting takeover interest from potential buyers, including Apollo Global Management Inc, people with knowledge of the matter said. The British telecommunications group has been contacted by other financial and strategic suitors interested in the business, according to the people. While it’s not running a formal sale process for the unit, Vodafone would consider …

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S Korea dismisses report of US spying on allies, says ties strong

BLOOMBERG South Korea played down any possibility of a rift with the US over a report that American intelligence agencies had eavesdropped on allies’ discussions about Ukraine, reiterating that its alliance with Washington remains strong. “We will review past precedents and cases from other countries to come up with countermeasures,” and will hold consultations with the US on the issue, …

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