Financial News from Reuters - UK Focus

Latest News

  • Oil producer Gulf Keystone Petroleum has reached an agreement with most of its bondholders to make use of a grace period for April coupon payments, it said on Friday. The company, whose main assets are located in Iraqi Kurdistan, has been grappling with low oil prices and slow payments from the Kurdistan Regional Government …

  • Royal Bank of Scotland (LSE: RBS.L - news) reported a sharp rise in losses in the first quarter on Friday and cautioned on the timing of a return to dividend payouts as lower income, restructuring costs and sluggish asset sales underscored the challenges still facing the lender. The latest quarter's results bring the …

  • The yen built further on Friday on a round of strong gains since the Bank of Japan meeting, moving to an 18-month high against the dollar and on course to rack up its biggest weekly gain since the 2008 financial crisis. Poor U.S. growth numbers and the cautious tone taken by the Federal Reserve this week has squeezed hedge …

  • Italian oil and gas group Eni beat operating profit expectations in the first quarter despite swinging to a net loss because of weak oil prices and a charge on its Saipem holding. Adjusted operating profit ...

  • MORNING BID EUROPE-France - getting better? Reuters - UK Focus - 1 hour 0 minutes ago

    Signs of a more solid recovery may start to help Francois Hollande press his main re-election argument that, at last, "things are getting better" but last night's clashes in several cities between protesters and police over planned labour reform laws showed how far he has to go. Scope for some kind of fiscal boost remains …

  • Travel and leisure shares weigh on European equities Reuters - UK Focus - 1 hour 4 minutes ago

    European equities fell sharply in early trading on Friday, with British Airways-owner International Airlines Group and Restaurant Group dragging the travel and leisure index lower after their updates. ...

  • AB InBev offers more SAB Europe assets to win EU deal approval Reuters - UK Focus - 1 hour 19 minutes ago

    Anheuser-Busch InBev , the world's largest brewer, intends to sell the Eastern European brewing assets of SABMiller to secure regulatory approval for its $100 billion-plus takeover of its rival. AB InBev ...

  • AstraZeneca, in earnings trough, doubles down on cancer drugs Reuters - UK Focus - 1 hour 29 minutes ago

    AstraZeneca (NYSE: AZN - news) is increasing its focus on cancer treatments in a drive to streamline operations after underlying earnings, hit by drug patent expiries, fell 12 percent in the first quarter, broadly in line with analyst expectations. Chief Executive Pascal Soriot said on Friday that he would sharpen the …

  • BA-owner IAG slows expansion plans after Brussels attacks Reuters - UK Focus - 1 hour 42 minutes ago

    British Airways-owner International Airlines Group said it would slow the plans it had to fly more routes in the short term, in response to weaker demand from high-margin business-travellers and a general slowdown after the Brussels attacks. IAG Chief Executive Willie Walsh said that while January and February were in …

  • Pearson first quarter sales fall on U.S. contract losses Reuters - UK Focus - 1 hour 45 minutes ago

    Pearson (Xetra: 858266 - news) , the British education company struggling to cope with a downturn in its biggest markets, reported a 4 percent fall in first-quarter underlying sales, hit by the loss of high-profile testing contracts in the United States. Pearson, which sold the Financial Times and its stake in the Economist …

  • Drugmaker AstraZeneca's earnings fall, hit by patent expiries Reuters - UK Focus - 2 hours 7 minutes ago

    AstraZeneca's underlying earnings fell 12 percent in the first quarter, broadly in line with analyst expectations, hit by drug patent expiries. Revenue at the British drug company rose 1 percent in dollar ...

  • British Airways-owner International Airlines Group reported a forecast-beating rise in first-quarter profit, but said that it would moderate its capacity expansion in the short term in response to weaker overall demand. Sticking by its forecast for 2016 profit, IAG, whose portfolio also includes Iberia, Vueling and Aer …

  • Pearson Q1 sales down 4 pct on U.S. and UK weakness Reuters - UK Focus - 2 hours 11 minutes ago

    Pearson Plc, the British education company struggling to cope with a downturn in its biggest markets, reported a 4 percent fall in first-quarter underlying sales due to weak assessment revenues in the ...

  • SYDNEY/SINGAPORE, April 29 (Reuters) - The yen surged to an 18-month peak on Friday as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, hurting prospects for Japanese exporters with a move that rippled through share markets across the Asian region. Perhaps taking advantage of Japan's …

  • RBS losses widen after income takes a tumble Reuters - UK Focus - 2 hours 13 minutes ago

    Part-nationalised Royal Bank of Scotland reported a widening first quarter loss on Friday as lower income, restructuring costs and sluggish asset sales showed the scale of problems still facing the lender. The bank reported an attributable loss of 968 million pounds($1.42 billion), up from 459 million pounds the year before …

  • Spain's Banco Popular posted on Friday a 2.6 percent rise in first quarter net profit from a year earlier, as lower revenues were offset by less provisions for bad loans. The country's sixth-largest lender ...

  • Credit Suisse boss Thiam must show turnaround plan on track Reuters - UK Focus - 2 hours 23 minutes ago

    LONDON/ZURICH, April 28 (Reuters) - Credit Suisse (LSE: 0QP5.L - news) investors want answers from CEO Tidjane Thiam about his turnaround plan in the wake of $1 billion of unexpected trading writedowns at the bank, which has lost more than a third of its value since he joined 10 months ago. Thiam joined last July from …

  • Australian shares ignored Wall Street's downbeat cue to rise on Friday as resources stocks rode a commodity rally higher and banks firmed on hopes of a rate cut. New Zealand shares also gained. Base metals, ...

  • SYDNEY/SINGAPORE, April 29 (Reuters) - The yen set an 18-month high against the dollar on Friday, staying on firm in the wake of the Bank of Japan's decision the previous day to hold off from expanding its monetary stimulus. "I think a combination of follow-through from yesterday's BOJ decision plus the softer dollar tone …

  • The benchmark S&P 500 had its worst day in three weeks, losing 19.34 points, or 0.92 percent, to 2,075.81, the Dow Jones industrial average fell 210.79 points, or 1.17 percent, to 17,830.76 and the Nasdaq Composite dropped 57.85 points, or 1.19 percent, to 4,805.29. Wall Street dipped further late in the day, led by a …

  • This year has seen an unprecedented surge of trading volumes and open interest in Chinese markets as institutional and retail investors pour money into commodities. The take-away is that although Shanghai nickel may be prone to the same day-trading investment crowd flooding other local markets, its success is founded on …

  • Tero Jänne, a restructuring banker at Jefferies LLC, has agreed to join rival investment bank Rothschild Inc, people familiar with the matter said on Thursday. The sources asked not to be identified because ...

  • The BOJ's decision was particularly jarring in the face of soft global demand and after earlier media reports said the central bank intended to cut rates deeper into negative territory. Federal Reserve's decision on Wednesday to hold rates unchanged and its failure to signal strongly that a rate hike was coming at its …

  • HIGHGRADE CLOSE-Two high-grade issuers raise US$3bn Reuters - UK Focus - 11 hours ago

    * Price progression: BP 20bp-25bp, PM 12bp * BP almost 5 times covered * Philip Morris 4 times covered * Citigroup 3.4% 2026 most actively traded * Little/no issuance expected Friday By Mike Gambale NEW ...

  • U.S. stocks closed down on Thursday as the Bank of Japan's shocking call to cap monetary stimulus continued to rattle investors while a late day decline in Apple shares on remarks from billionaire investor ...

  • Stocks had dipped early in the day on the BOJ's decision to hold steady in the face of soft global demand and a rise in the yen, jarring markets particularly after media reports that the central bank would likely go deeper into negative interest rates. Stocks began a modest recovery midday on Facebook's stellar earnings, …

  • The dollar was last down more than 3 percent against the yen, at 108.06 yen, near a 10-day low of 107.93 yen touched earlier and ushering in the dollar's biggest daily decline against the yen since mid-March 2011. The euro was last down 2.8 percent against the yen, at 122.70 yen, after hitting a 10-day low of 122.56 y …

  • U.S. Treasury prices rose on Thursday with the two-year yield hitting one-week lows as news of anemic first-quarter economic growth increased traders' skepticism over whether the Federal Reserve would ...

  • Oil markets jumped 2 percent on Thursday, hitting 2016 highs for a third straight day as a weaker dollar had investors shrugging off record high U.S (Other OTC: UBGXF - news) . Oil prices have surged nearly 80 percent since hitting 12-year lows of around $27 a barrel for Brent in late January and about $26 for U.S. crude …

  • "The economy essentially stalled in the first quarter, but that doesn't mean it is faltering," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. "Some of the restraints to growth are dissipating.

  • LONDON/PARIS, April 28 (Reuters) - French drugmaker Sanofi went public with a $9.3 billion offer to buy Medivation on Thursday, setting up what could be a lengthy takeover battle after the U.S (Other OTC: UBGXF - news) . The decision to target Medivation marks a return to the biotech takeover trail for Sanofi, which …

  • Anglo American (LSE: AAL.L - news) has agreed to sell its niobium and phosphates businesses in Brazil to China Molybdenum for $1.5 billion in cash, it said on Thursday, as it seeks to cut debt in a radical restructuring of the global mining group. Anglo American shares rose more than 8 percent, outperforming the sector …

  • Part-nationalised Royal Bank of Scotland risks missing an end-2017 deadline to sell its Williams & Glyn brand, it said on Thursday, raising doubts about how soon it will be ready to pay dividends and return to private ownership. Selling Williams & Glyn brand was a condition of the bank's rescue during the global financial …

  • Airbus Group (Swiss: AIR.SW - news) prepared investors for a charge on its troubled A400M military aircraft programme and reported a heavy cash impact from delays in civil jet deliveries, sending its shares lower despite a pledge to meet full-year targets. Europe's largest aerospace company gained a 3.5 billion euro …

  • * Forties differentials held unchanged on Thursday, as the impending release of the June loading programmes and a long weekend in London kept activity to a minimum. * Forties diffs are set fall for a second month running in April, having drifted steadily back into negative territory after a brief foray above parity with …

Next >>