Financial News from Reuters - UK Focus

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  • FOREX-Dollar edges down vs yen after BOJ tankan Reuters - UK Focus - 35 minutes ago

    The dollar edged down against the yen in early Asian trade on Wednesday, after the Bank of Japan's tankan survey of business sentiment showed that a weaker currency failed to improve Japanese corporate sentiment. Later in the Asian session, China will release its official manufacturing Purchasing Managers' Index, or PMI. …

  • BUZZ-Australia's Ansell jumps on Microgard deal Reuters - UK Focus - 47 minutes ago

    ** World's No.2 condom maker Ansell Ltd's shares rise as much as 3.9 pct ** Says reached agreement to acquire Microgard Ltd for about $88 mln ** Expects acquisition, including costs, to be marginally dilutive ...

  • Withdrawal capacity at Britain's Rough storage site will be reduced by 5 million cubic metres a day until 0300 local time on April 1, operator Centrica said in a note overnight. The reduction started at ...

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  • US STOCKS-Wall St drops but S&P, Nasdaq register quarterly gains Reuters - UK Focus - 2 hours 35 minutes ago

    U.S. stocks fell on Tuesday as energy and healthcare shares retreated, but the S&P 500 and Nasdaq registered their ninth straight quarterly advance. The S&P's 500 quarterly winning streak was its longest since 1998, while the Nasdaq's was its longest ever. During the session, all 10 S&P 500 sectors declined, with healthcare …

  • Former Fannie Mae CEO Daniel Mudd testified on Tuesday in a $1 billion civil trial over losses the company suffered on mortgage-backed securities and said it did not predict the severe decline in U.S. housing prices during the financial crisis. Mudd appeared in Manhattan federal court after being subpoenaed by Nomura …

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  • The German pilot who crashed a plane in the French Alps last week, killing 150 people, told officials at a Lufthansa training school in 2009 that he had gone through a period of severe depression, the airline said on Tuesday. The statement is potentially damaging for the airline and its CEO Carsten Spohr, who told reporters …

  • Beer mugs and embroidered handkerchiefs are among the everyday items repurposed for World War One propaganda and now on display in Istanbul, showing how the conflict 100 years ago touched ordinary peoples' lives. The show "looks at the vanquished at the onset of the war when they still hoped for victory," said Edhem Eldem, …

  • JP Morgan appoints new head of global FX options Reuters - UK Focus - 3 hours ago

    JP Morgan Chase & Co has promoted Robin Wemyss, its European head of foreign exchange options, to replace global head of foreign exchange options James Ellery, according to an internal announcement seen ...

  • Investors are betting that the U.S. Federal Reserve will raise interest rates this year, while the European Central Bank's one-trillion-euro economic stimulus program is weakening the euro. On Wall Street, energy shares were among the biggest drags, falling in tandem with a decline in crude oil prices, offsetting a lift …

  • U.S. stocks ended down on Tuesday in a retreat from the previous session's sharp rally as energy shares declined and the dollar edged up, but the S&P 500 and Nasdaq registered their ninth straight quarterly rise. The S&P's 500 quarterly winning streak was its longest since 1998, while the Nasdaq's was its longest ever. …

  • U.S. stocks ended near their session lows on Tuesday, in a retreat from the previous session's sharp rally, but the S&P 500 and the Nasdaq Composite posted their ninth consecutive quarter of gains. The ...

  • Indonesia-focused coal mining company Asia Resource Minerals (LSE: ARMS.L - news) (ARMS) aims to complete a recapitalisation programme by the end of June, the company said on Tuesday, as it released a prospectus for its refinancing. The prospectus published by the London-listed mining company, previously know as Bumi, …

  • Teck Resources Ltd on Tuesday poured more cold water on speculation it was in talks to merge with or acquire a rival mining company, saying although it had looked at opportunities none have met its criteria. Teck Chief Executive Don Lindsay said there is nothing he is aware of in the works on Antofagasta (Other OTC: ANFGF …

  • The U.S. Interior Department on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell (Xetra: R6C1.DE - news) a step closer to returning to oil and gas exploration in the Arctic since it suffered mishaps in the region in 2012. Interior's Bureau of Ocean Energy Management will next consider …

  • The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email moves@thomsonreuters.com. STATE STREET CORP The financial services provider said ...

  • British toy store Hamleys opened its largest shop in the world on Tuesday in central Moscow despite an economic downturn in Russia that is forcing buyers to cut back on spending. "We want to open much more in Russia. We consider it a fantastic market for children's toys retail sales, a growing market," Hamley's chief …

  • The euro fell to a 10-day low against the dollar on Tuesday, putting it on track for the worst quarter in its 15-year history, as investors renewed bets the U.S. Federal Reserve would raise rates later this year while the European Central Bank moves to boost the euro zone economy. Meanwhile, the dollar index, which gauges …

  • U.S. Treasury debt prices rose on Tuesday on buying by institutional investors preparing their portfolios for the end of the quarter, a period in which prices of government securities rose. Prices were up in most maturities, with the largest gains in long-dated issues, and were keeping Treasuries on track for a fifth straight …

  • U.S. stocks retreated on Tuesday following the previous session's rally, though major indexes were headed for a positive first quarter, while monetary policy changes and worries about Greece put the euro on track for its biggest quarterly fall. Investors are betting that the U.S. Federal Reserve will raise interest rates …

  • U.S. stocks declined on Tuesday in a retreat from the previous session's sharp rally, but major indexes remained on track for first-quarter gains and the S&P 500 was set for its ninth straight quarterly ...

  • The Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure are to buy a 30 percent stake in Associated British Ports for about 1.6 billion pounds ($2.4 billion). Infrastructure assets are attractive to institutions like pension funds because of the long-term investment opportunity and stable returns that …

  • In the land of the investment banking giants that stalk Europe's equity markets, a group of lesser-known advisory firms are treading on the toes of the big boys. This time last year Cenkos stood 39th but rose to prominence with its work on the June listing of British motoring organisation AA and then took its place at …

  • U.S. stocks declined on Tuesday in a retreat from the previous session's sharp rally, but major indexes remained on track for first-quarter gains and the S&P 500 was set for its ninth straight quarterly ...

  • Hewlett-Packard Co has lodged a claim in London against Michael Lynch and a former colleague for damages of about $5.1 billion over their management of Autonomy, the company it bought in 2011. Autonomy was supposed to be the $11.1 billion centrepiece of a shift into software for HP, but the deal turned sour a year later …

  • British veteran rockers The Rolling Stones are bringing their classic rock'n'roll to the United States in a 15-city tour beginning in May, the band said on Tuesday. Band members Mick Jagger, Keith Richards, Ronnie Wood and Charlie Watts will kick off the "Zip Code" tour in San Diego on May 24 and head east, making stops …

  • U.S. consumer confidence rebounded strongly in March amid optimism over the labor market while house prices increased in January, hopeful signs that a recent sharp slowdown in economic activity was probably a blip. "Rising confidence and home prices adds to the belief that the first-quarter slowdown will be temporary," …

  • The co-pilot of last week's Germanwings plane crash told the Lufthansa flight training school about a previous period of depression, Lufthansa said on Tuesday. Lufthansa said Andreas Lubitz broke off his training for a period of several months. Lufthansa said that it had passed email correspondence to this effect to …

  • The DAX has surged 22 percent in the last three months, while the FTSEurofirst 300 index of top European shares climbed 16 percent, boosted by the European Central Bank's asset-buying scheme which has helped weaken the euro currency. The central prediction from around 50 fund managers and strategists polled by Reuters …

  • PARIS/MILAN, March 31 (Reuters) - Italian online fashion retailer Yoox has agreed to buy Net-a-Porter, its upmarket rival, in an all-share deal that creates an industry leader in the booming online luxury market, with combined sales of 1.3 billion euros ($1.4 billion). Net-a-Porter's (NAP) owner Richemont will receive …

  • UPDATE 1-Credit bureau TransUnion files for IPO Reuters - UK Focus - 8 hours ago

    The company, whose competitors include Equifax Inc (NYSE: EFX - news) and Experian Plc (Other OTC: EXPGF - news) , sells credit reports to lenders which use the data to assess the credit worthiness of borrowers. TransUnion filed for an IPO in 2011 but withdrew the offering in 2012 after it was sold by private equity …

  • Britain's top share index fell sharply on Tuesday, depressed by weaker tobacco and commodity company shares, but managed to make its biggest quarterly gain since 2013. The FTSE was down 118.39 points, ...

  • The return of volatility in global financial markets is expected to provide a boost to investment banking trading revenues in the first quarter after years in the doldrums. The first quarter is typically the strongest period of the year for investment bank income, and revenues for the top firms in the three months is likely …

  • The euro fell to a 10-day low against the dollar on Tuesday, putting it on track for its worst-ever quarter, as investors renewed bets the U.S. Federal Reserve would raise rates later this year while the European Central Bank moves to boost the euro zone economy. Meanwhile, the dollar index, which gauges the greenback …

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