Financial News from Reuters - UK Focus

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  • The United States and the European Union are unlikely to widen economic sanctions on Russia if a tentative cease-fire emerging in eastern Ukraine takes hold, Western diplomats said on Friday. Despite repeatedly saying that new U.S. or EU sanctions on Russia as well as U.S. lethal assistance for Ukraine remain on the table, …

  • The S&P 500 posted its best monthly gain since October 2011 on Friday, but U.S. stocks ended lower for the day as U.S. economic growth slowed more sharply than initially thought in the fourth quarter. The S&P 500 gained 5.5 percent for the month, while the Nasdaq rose 7.1 percent, its best monthly performance since January …

  • U.S. Treasuries appeared on track on Friday for their biggest monthly loss since May 2013 after strength in U.S. economic data over the month boosted expectations the Federal Reserve would take a less dovish stance on monetary policy. Expectations that the Fed could hike rates by mid-year rose this month after a strong …

  • U.S. stocks closed lower on Friday as data showed U.S. economic growth slowed more sharply than initially thought in the fourth quarter, but the S&P 500 posted its best monthly performance since October ...

  • MOVES- PricewaterhouseCoopers, SuMi Trust, DBS Bank Reuters - UK Focus - 1 hour 39 minutes ago

    The following financial services industry appointments were announced on Friday. To inform us of other job changes, email moves@thomsonreuters.com. PRICEWATERHOUSECOOPERS The accounting firm named Brad ...

  • U.S. dollar longs slide to two-month low - CFTC, Reuters Reuters - UK Focus - 1 hour 41 minutes ago

    Speculators further trimmed bets favoring the U.S. dollar, pushing net longs to their lowest in more than two months, according to data from the Commodity Futures Trading Commission released on Friday. ...

  • High-grade market wraps up record February Reuters - UK Focus - 1 hour 46 minutes ago

    By Mike Gambale NEW YORK, Feb 27 - US syndicate desks sold nearly US$40bn in new debt this week, clearing the pipeline for an anticipated US$22bn jumbo deal on Monday from Actavis - the second-largest ...

  • U.S. dollar longs fall to lowest in over 2 months -CFTC, Reuters Reuters - UK Focus - 1 hour 54 minutes ago

    Speculators further trimmed bets favoring the U.S. dollar, pushing net longs to their lowest in more than two months, according to data from the Commodity Futures Trading Commission released on Friday. ...

  • Fed's Fischer says European situation improving -CNBC Reuters - UK Focus - 2 hours 1 minute ago

    Federal Reserve Vice Chairman Stanley Fischer said the European economic situation is improving, and that the U.S. central bank is expected to raise interest rates sometime this year. In an interview with ...

  • FOREX-Dollar flat, set to extend monthly winning streak Reuters - UK Focus - 2 hours 15 minutes ago

    The dollar index initially eased from a one-month high set on Thursday, before ending the day flat at 95.295. Fed Chair Janet Yellen reiterated this stance at her semiannual testimony before Congress this week.

  • U.S. Treasuries set for biggest monthly loss since 2013 Reuters - UK Focus - 2 hours 15 minutes ago

    The U.S. Treasuries market was poised for its worst month in more than 1-1/2 years in February as investors scaled back their safe-haven bond holdings on improving U.S. economic data and bets the Federal Reserve may raise interest rates this year. This is an about-face from a 2.6 percent gain in January which was its biggest …

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  • Motor racing-Button buoyed by McLaren progress Reuters - UK Focus - 2 hours 34 minutes ago

    Jenson Button saw signs of real progress at McLaren on Friday after a day's work where he completed 101 laps of the Circuit de Catalunya in Formula One testing. McLaren, the second most successful team in terms of race wins, have had a woeful pre-season with the start of their new partnership with Honda beset with reliability …

  • U.S. stocks dipped Friday afternoon as data showed U.S. economic growth slowed more sharply than initially thought in the fourth quarter, though the Dow and S&P 500 were on track for their best monthly ...

  • The U.S. Food and Drug Administration approved a hormonal contraceptive device on Friday that gives American women another reversible contraceptive choice as effective as sterilization. The intrauterine device (IUD) device, Liletta, releases the hormone levonorgestrel to inhibit thickening of the womb lining, preventing …

  • British Prime Minister David Cameron vowed on Friday to use all means at his disposal to hunt down militants such as "Jihadi John" after the killer was identified as a Kuwaiti-born computer programming graduate from London. The black-clad militant brandishing a knife and speaking with an English accent was shown in videos …

  • Bank of Ireland Chief Executive Richie Boucher said he had made mistakes in the run-up to the Irish banking crisis and will take full responsibility for them when he appears before a parliamentary inquiry. Parliament is holding the public inquiry into the crisis seven years after the near-collapse of the banking sector, …

  • U.S. stocks were little changed in early afternoon trading on Friday as mixed economic data was offset by some upbeat corporate earnings.

  • U.S. Fed awards $155.00 bln reverse repos Friday Reuters - UK Focus - 4 hours ago

    The U.S. Federal Reserve on Friday awarded $155.00 billion of three-day fixed-rate reverse repurchase agreements to 69 bidders at an interest rate of 0.05 percent, the Federal Reserve Bank of New York ...

  • U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a moderate increase in business inventories and a wider trade deficit, but strong domestic demand brightened the outlook. Gross domestic product expanded at a 2.2 percent annual pace, revised down from the 2.6 percent pace estimated …

  • African Minerals said on Friday its Chinese partner in the Tonkolili iron ore project in Sierra Leone, has taken on some of its multi-million dollar debt and is demanding repayment. A group of banks including Standard Chartered (HKSE: 2888.HK - news) and Citi, which had lent African Minerals $250 million as pre-export …

  • Standard Life Investments , the fund arm of insurer Standard Life, said on Friday it remained unhappy with governance at British companies Sports Direct, Afren and Micro Focus International . The asset ...

  • LONDON/PARIS, Feb 27 (Reuters) - European shares rose on Friday, building on their best start to the year since regional benchmarks began in late 1986, to close at seven-year highs, supported by encouraging earnings reports. The FTSEurofirst 300 index of top European shares closed up 0.4 percent at 1,559.88 points, its …

  • Lloyds Banking Group is paying its first dividend in more than six years after reporting a rise in profit and improvements in its capital strength, a milestone in the bank's recovery after it was bailed out during the financial crisis. Chief Executive Antonio Horta-Osorio said Lloyds, which offered some of the highest …

  • British fuel imports spike as refineries close Reuters - UK Focus - 5 hours ago

    Britain's net imports of petroleum products more than tripled last year after a new wave of refinery closures and capacity cuts left the country unable to meet its demand. They have left Britain increasingly dependent on fuel imports, raising concerns the country will be vulnerable to supply shocks, price spikes and bottlenecks …

  • Britain's top equity index touched a record high on Friday, helped by gains in Asian-focused bank Standard Chartered and International Consolidated Airlines Group. The blue-chip FTSE 100 index at one stage ...

  • Europe's big telecom firms are back to rude financial health after years of poor results and regulatory pressure, drawing crowds of new investors and protests from rivals who worry the formerly state-owned companies may rebuild their monopolies. Germany's Deutsche Telekom (LSE: 0MPH.L - news) and Spain's Telefonica  …

  • Despite the gain on the day, the pound was almost a cent below 8-week highs hit against the dollar a day earlier, with a growing focus on political risks ahead of the election helping cool the past month's stronger mood towards Britain. "Its been an up and down sort of day," said a dealer with one London-based brokera …

  • Arsenal remain a beacon of financial sobriety in the Premier League with an overall profit before tax of 11.1 million pounds ($17.16 million) in 2014 despite a record transfer outlay of more than 90 million pounds. Yet their financial results for the six months ending Nov. 30 last year, published on Friday, show turnover …

  • The dollar index dipped on Friday on month-end selling but remained on track for a record eighth month of gains on improving U.S. data and comments from Federal Reserve officials that bolstered bets for a interest rate rise later this year. Other top U.S. central bank officials signaled the Fed's path towards normalizing …

  • The Dow Jones industrial average fell 16.95 points, or 0.09 percent, to 18,197.47, the S&P 500 gained 0.57 points, or 0.03 percent, to 2,111.31 and the Nasdaq Composite dropped 2.57 points, or 0.05 percent, to 4,985.32.

  • U.S. Treasuries prices were mostly flat on Friday after mixed U.S. economic data created uncertainty over the Federal Reserve's timeline for hiking interest rates. The Chicago Purchasing Management index, a measure of Midwest manufacturing activity, was 45.8 in February.

  • UK's FTSE hits new record high as StanChart rises Reuters - UK Focus - 7 hours ago

    Britain's top equity index hit a record high on Friday, helped by gains in Asian-focused bank Standard Chartered and International Consolidated Airlines Group. The blue-chip FTSE 100 index was up by 0.2 ...

  • Britain's net imports of petroleum products more than tripled last year, according to government figures, after a fresh wave of refinery cuts left the country unable to meet its demand. A Reuters analysis of figures from the Department of Energy and Climate Change (DECC) showed that Britain's net imports of petroleum products …

  • Britain's Royal Mail (LSE: RMG.L - news) postal service said on Friday stamp prices would rise from March 30 as it tries to offset the impact of a steadily falling number of letters to deliver each year. Royal Mail said the price of first and second class stamps would both increase by 1 pence to 63p and 54p respectively. …

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