Financial News from Reuters - UK Focus

Latest News

  • Lloyds shareholders question government's sale plan Reuters - UK Focus - 2 hours 21 minutes ago

    Shareholders in Britain's Lloyds Banking Group are calling on the government to rethink plans to sell down its stake in the lender to ensure taxpayers get the best deal. Finance Minister George Osborne has pledged to sell part of the government's remaining shares in the bank to ordinary Britons in a sale reminiscent of …

  • LONDON/DUBAI, Aug 1 (Reuters) - Three members of former al Qaeda leader Osama bin Laden's family were killed when a private jet crashed in southern England on Friday, British police said on Saturday. The Embraer Phenom 300 jet with four people on board was flying from Milan's Malpensa airport to Blackbushe airport in …

  • LONDON/NAIROBI, Aug 1 (Reuters) - Britain's Serious Fraud Office (SFO) has launched a criminal investigation into the British exploration firm Soma Oil and Gas, which has been searching for oil in Somalia. The SFO did not outline the corruption allegations against the company, whose London headquarters were searched on …

  • A sister of former al Qaeda leader Osama bin Laden was killed along with her husband and mother when a private jet crashed in southern England on Friday, Saudi-owned al-Arabiya television reported on Saturday. The Embraer Phenom 300 with four people on board including its Jordanian pilot was flying from Milan's Malpensa …

  • UK's Serious Fraud Office launches investigation into British oil firm Reuters - UK Focus - Sat, Aug 1, 2015 07:44 BST

    Britain's Serious Fraud Office (SFO) has launched a criminal investigation into British exploration firm Soma Oil and Gas, which has been searching for oil in conflict-ridden Somalia. "The SFO confirmed today that it has opened a criminal investigation into SOMA Oil & Gas ... in relation to allegations of corruption in …

  • -- Source link: -- Note: Reuters has not verified this story and does not vouch for its accuracy

  • Tumbling oil prices slam profit at Exxon Mobil, Chevron Reuters - UK Focus - Sat, Aug 1, 2015 00:00 BST

    Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. Earnings at U.S. oil majors Exxon, which were the worst in a decade, and Chevron (Swiss: CVX.SW - news) missed …

  • US STOCKS-Wall Street ends lower as weak oil weighs Reuters - UK Focus - Fri, Jul 31, 2015 21:37 BST

    Wall Street ended on a sour note on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the U.S. Federal Reserve might hold off on an interest rate. Exxon Mobil (Swiss: XOM.SW - news) shares dropped 4.58 percent while Chevron lost 4.89 percent after reporting poor quarterly earnings …

  • Spec net U.S. dollar longs edge up in latest week -CFTC, Reuters Reuters - UK Focus - Fri, Jul 31, 2015 21:25 BST

    Speculators raised their bullish positions on the U.S. dollar a tad earlier this week ahead of the Federal Reserve's policy statement, according to Reuters calculations and data from the Commodity Futures ...

  • Express Scripts excludes 20 more drugs from 2016 coverage Reuters - UK Focus - Fri, Jul 31, 2015 21:24 BST

    Express Scripts Holding Corp , the largest U.S. pharmacy benefit manager, said on Friday that it would exclude about 20 new medications in 2016 from insurance coverage, including two diabetes drugs and a weight loss drug. For the past several years, Express Scripts has been excluding medicines from its coverage list, a …

  • MEDIA-ITV threatens ministers over catch-up reforms -Sky News Reuters - UK Focus - Fri, Jul 31, 2015 21:17 BST

    -- Source link: -- Note: Reuters has not verified this story and does not vouch for its accuracy

  • US STOCKS SNAPSHOT-Wall St ends down driven by energy selloff Reuters - UK Focus - Fri, Jul 31, 2015 21:05 BST

    U.s. stocks declined on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the U.S. Federal Reserve could delay an interest-rate hike this year. The Dow Jones industrial ...

  • TREASURIES-Prices rally on record low increase in Q2 labor costs Reuters - UK Focus - Fri, Jul 31, 2015 21:04 BST

    U.S. Treasuries rallied on Friday after data showed labor costs rose in the second quarter by the smallest margin on record, putting a dent in the argument for the U.S. Federal Reserve to raise interest rates in September. Investors have been building positions that anticipate that the Fed will finally raise U.S. rates …

  • Analysts forecast 235 mln pound H1 pretax profit for takeover target RSA Reuters - UK Focus - Fri, Jul 31, 2015 21:04 BST

    British insurer RSA, the focus of a possible takeover bid by rival Zurich Insurance (Xetra: ZFI1.DE - news) , is expected to post a pretax profit of 235 million pounds ($367 million) for the first half of 2015, according to a poll of analysts supplied by RSA on Friday. Zurich said this week that it was weighing a possible …

  • HSBC close to $4 bln sale of Brazilian unit - FT Reuters - UK Focus - Fri, Jul 31, 2015 20:41 BST

    HSBC Holdings Plc is nearing a sale of its Brazilian unit to Banco Bradesco SA for close to $4 billion, FT reported, citing people familiar with the talks. HSBC may announce the deal when it reports results ...

  • FOREX-Dollar ends July on sour note on weak U.S. labor cost data Reuters - UK Focus - Fri, Jul 31, 2015 20:34 BST

    The dollar fell against a basket of currencies on Friday, ending a decent month on a sour note as a record-low rise in U.S. employment costs in the second quarter dialed back bets the Federal Reserve would raise interest rates later this year. The euro rebounded strongly against the greenback following Thursday's losses …

  • MEDIA-HSBC nears $4 bln sale of Brazilian arm to Bradesco - FT Reuters - UK Focus - Fri, Jul 31, 2015 19:57 BST

    -- Source link: -- Note: Reuters has not verified this story and does not vouch for its accuracy

  • US STOCKS-Wall St mixed; weak results drag on energy stocks Reuters - UK Focus - Fri, Jul 31, 2015 19:43 BST

    Wall Street was mixed on Friday as a drop in energy companies' stocks was offset by expectations the U.S. Federal Reserve may delay an interest-rate hike this year following weak wage data. Exxon Mobil (Swiss: XOM.SW - news) shares fell 3.5 percent while Chevron was down 3.9 percent after reporting poor quarterly earnings …

  • Greece's stock market will reopen on Monday after a five-week shutdown caused by capital controls, but local investors will face restrictions aimed at stemming capital flight, a bourse spokeswoman said on Friday. The Athens Stock Exchange (ASE) has been shut since June 29, when the government closed banks and imposed …

  • Sky Italia agrees to buy Viacom's MTV Italia Reuters - UK Focus - Fri, Jul 31, 2015 18:36 BST

    European pay TV company Sky has agreed to buy Italy's MTV free-to-air channel from U.S. media group Viacom, a move that could pressure local market leader Mediaset. Sky Italia, the Italian arm of Sky, ...

  • Oil producer Afren to be put under administration Reuters - UK Focus - Fri, Jul 31, 2015 18:21 BST

    Oil producer Afren Plc (LSE: AFR.L - news) said its board had decided to put the company into administration as it failed to secure support for a vital refinancing and restructuring plan. Afren said earlier this month talks with bondholders, banks and its partners were scuppered after the company cut its production forecast …

  • US STOCKS-Wall St higher amid wage growth data, earnings Reuters - UK Focus - Fri, Jul 31, 2015 18:16 BST

    Wall Street rose in early afternoon trading on Friday after an historically weak reading of U.S wage growth lent weight to the view that the U.S. Federal Reserve could delay a rate increase. All three major indexes were poised to end the month higher as earnings reports pushed global concerns to the background. Exxon …

  • New Bank of England policymaker says to cut all hedge fund ties Reuters - UK Focus - Fri, Jul 31, 2015 18:02 BST

    New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all links with his previous employer, one of the world's biggest hedge funds, to avoid "any mistaken impression" of a conflict of interest. Vlieghe had wanted to stay part of a long-term incentive plan at Brevan Howard, where he was a partner, …

  • Two Iranian oil companies removed from EU sanctions list Reuters - UK Focus - Fri, Jul 31, 2015 17:39 BST

    The European Union has removed two Iranian oil companies from its sanctions list, the first such action since Iran reached a nuclear agreement with world powers earlier this month, a notice from the British finance ministry said on Friday. Petropars Operation and Management and Petropars Resources Engineering had been …

  • U.S. wage growth brakes in Q2; consumer sentiment slips Reuters - UK Focus - Fri, Jul 31, 2015 17:38 BST

    U.S. labor costs in the second quarter recorded their smallest increase in 33 years as workers earned less in commissions and bonuses, in what appeared to be a temporary wage growth setback against the backdrop of diminishing labor market slack. The job market is fast approaching full employment. "Labor market fundamentals …

  • UK rate path flattens before BoE meeting, after poor U.S. data Reuters - UK Focus - Fri, Jul 31, 2015 17:35 BST

    Gilt prices soared on Friday as a slowdown in U.S. employment costs prompted investors to bet on a slower pace of Bank of England interest rate increases in coming years, just days before the central bank ...

  • July is now fifth busiest high-grade month on record Reuters - UK Focus - Fri, Jul 31, 2015 17:32 BST

    The Bank of America Merrill Lynch Master Index hit its widest levels of the year this week at Treasuries plus 156bp. As a result of broader market volatility due to worries about Greece and Chinese stock markets at the end of June and into July, the first high-grade deal did not price until July 7. Cable services company …

  • LME confirms wider access to electronic platform; rejigs close Reuters - UK Focus - Fri, Jul 31, 2015 17:22 BST

    The London Metal Exchange (LME) on Friday confirmed plans to widen access to its electronic trading system despite some objections and also said it would slightly change the way closing prices are traded. The LME launched a consultation in May on proposals to boost liquidity by making it easier for new members, including …

  • UK's FTSE rises for fourth day, Rolls Royce rallies Reuters - UK Focus - Fri, Jul 31, 2015 16:56 BST

    Britain's top equity index gained ground for the fourth day in a row on Friday, lifted by a rise in the shares of engine maker Rolls Royce and cruise ship company Carnival. The blue-chip FTSE 100 index ...

  • Ireland jails first bankers since financial crisis Reuters - UK Focus - Fri, Jul 31, 2015 16:53 BST

    An Irish court on Friday sentenced three former employees of Anglo Irish Bank to between 18 and 36 months in prison, the first bankers to be jailed since the country's financial crash. The failure of Anglo Irish, which became synonymous with the casino-style lending practices that drove Ireland (Other OTC: IRLD - news) …

  • U.S. activist ValueAct takes stake in Rolls-Royce Reuters - UK Focus - Fri, Jul 31, 2015 16:53 BST

    LONDON/BOSTON, July 31 (Reuters) - U.S. activist investor ValueAct has taken a 5.44 percent stake in British engine maker Rolls-Royce to become the biggest shareholder in the company, raising further pressure on the embattled company. ValueAct crossed the 5 percent threshold at which it needed to alert the company on July …

  • Sterling hit after U.S. numbers, month-end hurts Reuters - UK Focus - Fri, Jul 31, 2015 16:40 BST

    Sterling sank almost 1 percent against the euro in afternoon trade on Friday, weighed down by month-end outflows and poor U.S. wage data that undermined expectations of the first rises in interest rates by major economies later this year. Sterling has hit more than 7-year highs against the euro this month on a revival …

  • After Merck success, work goes on with other Ebola vaccines Reuters - UK Focus - Fri, Jul 31, 2015 16:29 BST

    Scientists and drug companies will continue to research the potential of alternative Ebola vaccines, despite a shot from Merck (Other OTC: MKGAF - news) and NewLink Genetics (Berlin: 4NX.BE - news) proving 100 percent effective in a trial in Guinea. Experts said on Friday different kinds of vaccines were needed that …

  • US STOCKS-Wall St edges up after wage growth data Reuters - UK Focus - Fri, Jul 31, 2015 16:26 BST

    U.S. stocks had been slightly choppy just after the opening bell as investors took cues from weak earnings from oil producers Exxon Mobil (Swiss: XOM.SW - news) and Chevron and depressed commodity prices. Exxon Mobil shares fell 4.1 percent to $79.63 while Chevron was down 3.4 percent at $89.90 after quarterly profits …

  • New Bank of England policymaker says to fully sever hedge fund links Reuters - UK Focus - Fri, Jul 31, 2015 16:23 BST

    New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all financial links with his previous employer, hedge fund Brevan Howard, to avoid any accusations of a conflict of interest. Vlieghe had previously intended to remain part of a long-term incentive plan which would have provided payments …

Next >>