Financial News from Reuters - UK Focus

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  • US STOCKS-Wall St opens higher on data, ECB comments Reuters - UK Focus - 1 hour 6 minutes ago

    The ECB also cut its inflation and growth forecasts for the euro zone in the wake of lower oil prices, weaker growth in China and a strengthening euro. The Fed, which meets on Sept. 16-17, has said it will raise rates when it sees sustained economic recovery.

  • PAI picks banks for listing of Sweden's Perstorp -sources Reuters - UK Focus - 1 hour 16 minutes ago

    STOCKHOLM/FRANKFURT, Sept 3 (Reuters) - Private equity firm PAI is stepping up preparations to sell Swedish chemicals firm Perstorp to take advantage of still-buoyant corporate valuations and has completed its line-up of advisers, several people familiar with the transaction said. The buyout group has picked Morgan Stanley …

  • European shares take lift from Draghi's dovish tone Reuters - UK Focus - 1 hour 19 minutes ago

    European shares rose sharply on Thursday, extending earlier gains as the European Central Bank delivered a dovish message from its first meeting after weeks of market turmoil. Shares rallied as the euro ...

  • Amid outcry, UK's Cameron resists calls to change refugee stance Reuters - UK Focus - 1 hour 22 minutes ago

    Prime Minister David Cameron said on Thursday that Britain would stick to its present course on the issue of Syrian refugees, resisting calls to announce a sharp increase in the numbers to be given sanctuary in Britain. Amid a public outpouring of emotion over the widely published image of a dead Syrian toddler washed …

  • MOVES-HSBC appoints M&A head for MENA region - memo Reuters - UK Focus - 1 hour 30 minutes ago

    HSBC Holdings has appointed Efe Kapanci as the bank's head of mergers and acquisitions in the Middle East and North Africa, according to a company memo seen by Reuters. Kapanci has been with the bank since ...

  • US STOCKS SNAPSHOT-Wall St opens higher on strong U.S. data Reuters - UK Focus - 1 hour 36 minutes ago

    Wall Street opened slightly higher as U.S. data indicated a strengthening economy and the European Central Bank pledged to beef up or prolong its stimulus program. The Dow Jones industrial average rose ...

  • Many of the world's biggest challenges, such as encouraging people to buy life-saving drugs or unpicking deeply rooted sexism, can be tackled by using subtle psychological cues to change the way people behave, according to experts in London. Behavioural economics, also known as "nudging", is about making people more likely …

  • US STOCKS-Wall St set to open higher on strong economic data Reuters - UK Focus - 2 hours 10 minutes ago

    Wall Street was set to open higher on Thursday as weekly jobs data indicated a strengthening labor market, a day ahead of the more critical monthly jobs report, which may feed into the Federal Reserve's interest rate decision. The Fed has said it will raise rates when it sees sustained economic recovery.

  • Shrinking U.S. trade gap shows economy's underlying strength Reuters - UK Focus - 2 hours 12 minutes ago

    While other data on Thursday showed an increase in the number of Americans filing new claims for unemployment benefits, the trend in jobless claims remained consistent with a strengthening labor market. June's trade deficit was revised to $45.2 billion from the previously reported $43.8 billion. Data ranging from consumer …

  • Tackle pollution to stop biggest killer of poor - author Reuters - UK Focus - 2 hours 13 minutes ago

    Policy makers could save millions of lives worldwide with simple, cheap measures to tackle the "low hanging fruit" of dirty air and water, said the author of a new book on pollution. Pollution is the biggest killer in poorer countries, with more people dying because of it than from either wars, malnutrition, smoking, malaria …

  • Euro dips, Europe stocks rise after Draghi comments Reuters - UK Focus - 2 hours 16 minutes ago

    The euro weakened against the dollar, European stocks rose and yields on bonds fell on Thursday after ECB chief Mario Draghi cut growth and inflation forecasts and said the central bank could buy a greater share of individual bonds under its asset-purchase programme. The euro dropped to a two-week low of $1.1155 after …

  • Floods in Myanmar caused by heavy monsoon rains and a cyclone have destroyed crops and killed livestock and will cause food shortages if aid is not provided, though funding so far is inadequate, the U.N. Food and Agriculture Organization said. Some 1.6 million people have been affected and more than 100 killed since June, …

  • Europe must wait at least five years for bank consolidation -CEOs Reuters - UK Focus - 2 hours 26 minutes ago

    Europe will have to wait at least five years before banks begin to consolidate across borders, as they wrestle with low interest rates, regulatory reforms and the need to overhaul technology, bank executives said. Banks face pressures to refocus their business models and cut costs, pushing consolidation down the list of …

  • Reigning English Premier League champions Chelsea FC will team up with Indian IT services group Wipro Ltd to help improve its digital media strategy, the two said a day after rival Manchester United made ...

  • The Swiss drugmaker's generics unit Sandoz said Zarxio, its form of Amgen's white blood cell-boosting product Neupogen, would increase access to an important treatment by offering a "high-quality, more affordable version". U.S. biotech group Amgen had tried to stop the sale of Zarxio, also known as filgrastim-sndz, but …

  • The euro steadied on Thursday, having rallied 1.5 percent on a trade-weighted basis since China devalued the yuan last month, with the focus on whether the rise could prompt the European Central Bank (ECB) to sharpen its language and talk it down. ECB President Mario Draghi will address a news conference at 1230 GMT, having …

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  • LONDON/FRANKFURT, Sept 3 (Reuters) - A drop in capital buffers reported by Dutch insurers has raised concern over how well prepared the broader European industry is for revised rules on the amount of money they need to hold in case of market shocks. Nationalised Dutch insurer ASR said last week its available capital would …

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Sept 3 (Reuters) - It (Other OTC: ITGL - news) 's tempting to mould events to suit your view of how the world should be, and there seems to be plenty of that in the coal debate. Falling imports by China and India, the two largest buyers of the dirty fuel, …

  • Russia's Rosneft said on Thursday China Petrochemical Corporation had the right to buy a 49 percent stake in its subsidiaries that hold the exploration licenses for Russkoye and Yurubcheno-Tokhomskoye ...

  • British finance minister George Osborne said on Thursday that he wished to re-appoint the current head of the country's budget watchdog, Robert Chote, to a second five-year term. Chote is chairman of the ...

  • * The Fed has said it will raise rates when it sees sustained economic recovery. * Near-zero rates allowed the stock market stage a spectacular bull-run since the financial crisis. * Some investors believe that the bout of recent market volatility caused by concerns about China's slowing economy might force the Fed to …

  • UK shares were set for their biggest one-day gain in a week on Thursday, with a profit upgrade from airline easyJet and a report of bid interest in the supermarkets sector adding to a global market recovery. Data showing Britain's services sector recorded its weakest growth in more than two years last month also supported …

  • PARIS/MILAN, Sept 3 (Reuters) - Natalie Massenet, founder and executive chairman of online fashion group Net-A-Porter , said on Thursday it was the right time to leave after she resigned abruptly ahead of the completion of a planned merger with Italy's Yoox. Regarded as the fashion visionary of the soon-to-be-combined …

  • EU mergers and takeovers (Sept 3) Reuters - UK Focus - 3 hours ago

    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Anglo-Dutch oil major Royal Dutch Shell to acquire BG Group NEW ...

  • UK GAS-Prompt prices up on Norwegian outages Reuters - UK Focus - 4 hours ago

    Norwegian gas outages pushed British prompt gas prices up on Thursday, reversing losses seen in early trading and offsetting lower demand for injections. Gas for immediate delivery rose by 1 pence to 41.95 ...

  • German cable operator Kabel Deutschland has applied to delist from the Frankfurt stock market, it said on Thursday, following its acquisition by Vodafone. Kabel Deutschland said it expected trading would ...

  • European shares bounce, focus on ECB meeting Reuters - UK Focus - 4 hours ago

    European shares rose sharply on Thursday, tracking strong gains on Wall Street and ahead of a European Central Bank meeting that investors expect will deliver a boost to markets following recent turmoil. At 1011 GMT, the FTSEurofirst 300 index of top European shares was up 1.5 percent at 1,416.09 points after volatile …

  • Russia's second-biggest mobile phone operator Megafon said on Thursday it had signed a framework agreement with China Development Bank for potential financing of up to $600 million. The financing could ...

  • Finnish state investment firm Solidium said on Thursday it was looking to buy more shares in Metso (Amsterdam: MS6.AS - news) and Outotec (Helsinki: OTE1V.HE - news) , which have both been hit by the slump in the mining sector and have been the subject of takeover speculation. Engineering group Metso rejected a tie-up …

  • British retail investors poured more than 2 billion pounds into equity funds in July, the highest since April 2000, The Investment Association said on Thursday. The investment included 943 million pounds ...

  • HSBC says to rebrand British retail arm 'HSBC UK' Reuters - UK Focus - 4 hours ago

    HSBC Holdings is to rebrand its British business as 'HSBC UK' after a months-long review of what to call the business from 2018. HSBC said after consulting with staff and customers it had decided to keep ...

  • Scotland's plan to introduce a minimum price for alcohol risks breaching European Union law and it should explore other means to protect public health such as increasing tax, a senior adviser to the European Court said on Thursday. Advocate General Yves Bot said in his opinion for court judges that a member state can impose …

  • Former BlueBay fund managers Neil Phillips and Jonathan Fayman are preparing to launch a global hedge fund early next year, a source with direct knowledge of the matter said, as interest in macroeconomic investment stages a strong comeback. The are setting up Glen Point Capital in London, the source and records with Britain's …

  • EasyJet (Other OTC: EJTTF - news) raised its full-year profit outlook on Thursday after record demand for beach holidays and city breaks showed the British low-cost airline was more than meeting a challenge from reinvigorated rival Ryanair. The airline said it was optimistic about its performance, forecasting full-year …

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