Financial News from Reuters - UK Focus

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  • The drivers of London's famous black cabs brought the centre of the capital to a standstill on Wednesday in protest against Uber and government regulations they say compromise passenger safety. San Francisco-based Uber, whose investors include Goldman Sachs and Google, has grown rapidly around the world but has faced protests, …

  • Financial stocks help Britain's FTSE bounce back Reuters - UK Focus - 24 minutes ago

    Britain's top share index moved higher on Wednesday, led by financial stocks as banks made up some ground on bargain-hunting after three straight sessions of losses. The blue-chip FTSE 100 index rose 40.11 points, or 0.7 percent to 5,672.30 by the close. The UK banking index rose 1.7 percent after slumping more than 8 …

  • The following are highlights of Federal Reserve Chair Janet Yellen's question-and-answer session on Wednesday before the U.S (Other OTC: UBGXF - news) . House Financial Services Committee, where she delivered the central bank's semi-annual monetary policy report to Congress. "I do not expect that the FOMC is going to …

  • Poland, Hungary, Slovakia and the Czech Republic want to keep Britain in the European Union but London's plans to curb welfare benefits to migrant workers in Britain remain their "primary concern", a joint statement said. The four central European states want to allow Britain to use a mechanism to exclude migrant EU workers …

  • Federal Reserve Chair Janet Yellen said on Wednesday that the U.S. central bank is analyzing the prospect of negative interest rates in the spirit of prudent planning, but it is not a preferred option. ...

  • Businessman Donald Trump has dominated the Republican race and won the party primary in New Hampshire on a wave of voter anger at traditional U.S. politicians. U.S. Senator Bernie Sanders of Vermont, a democratic socialist, swept the Democratic contest in the same state. Christie had poured much of his campaign's resources …

  • Global risks have intensified and could slow the U.S. economy, but "I don't expect the (Federal Open Market Committee) is going to be soon in the situation where it is necessary to cut rates," Yellen said. Yellen's comments are her first in public since the Fed raised rates in December and ended a seven-year stint where …

  • EU-UK deal "very fragile" but Tusk hopeful for summit Reuters - UK Focus - 43 minutes ago

    Negotiations between London and other EU states to help keep Britain in the European Union are "very fragile", European Council President Donald Tusk said on Wednesday, though he said he still hoped for a deal at a EU summit next week. "I am in a process of intensive talks about my proposal for the UK settlement," said …

  • Asahi Group Holdings Ltd is in exclusive talks to buy SABMiller's Peroni, Grolsch and Meantime beer brands for 2.55 billion euros , it said on Wednesday, as the Japanese company aims to offset slow growth ...

  • EU and US strike deal to avoid disrupting derivatives market Reuters - UK Focus - 1 hour 3 minutes ago

    The European Union and the United (Shenzhen: 000925.SZ - news) States agreed on Wednesday to accept each other's derivatives rules in a long-awaited step to avoid splitting the $550 trillion market. The bulk of derivatives are traded in New York and London but for the past three years the EU and United States had been …

  • Stock indexes worldwide rebounded on Wednesday after concerns eased about the banking sector and Federal Reserve Chair Janet Yellen said the U.S. central bank has plenty of flexibility to adjust monetary policy if needed. U.S. financial stocks, which had been hit in recent days on worries over the impact of low interest …

  • Latest poll indicates growing support for British EU exit Reuters - UK Focus - 1 hour 25 minutes ago

    The number of Britons who back remaining in the European Union is level with those wanting to leave in the bloc, with support for an exit growing, according to an opinion poll on Wednesday. The ICM online poll found 42 percent favoured ending Britain's membership of the EU with 41 percent wanting to stay and the remainder …

  • EU's Tusk confident of EU deal for Britain next week Reuters - UK Focus - 1 hour 27 minutes ago

    Talks between Britain and other European Union governments on a deal to keep London in the 28-nation bloc are fragile, the chairman of bloc's leaders said, but added he was confident a deal would be found ...

  • British industrial output suffered its sharpest monthly drop in December since 2012 as warmer than usual weather curbed demand for electricity and gas and manufacturing continued its decline, denting hopes for improvement this year. Industrial output fell 1.1 percent month-on-month in December after a 0.8 percent drop …

  • British industrial output suffered its sharpest monthly drop in December since 2012, driven down by declines in mining, oil and gas extraction and manufacturing, official data showed on Wednesday. The Office for National Statistics also revised down its estimate for industrial output in the fourth quarter to show a 0.5 …

  • Fed chief Yellen testifies to House committee Reuters - UK Focus - 1 hour 29 minutes ago

    For highlights of Federal Reserve Chair Janet Yellen's question-and-answer session on Wednesday before the U.S. House Financial Services Committee, where she delivered the central bank's semi-annual monetary ...

  • Sterling cuts gains against dollar after Yellen's comments Reuters - UK Focus - 1 hour 34 minutes ago

    Sterling weakened against a rising dollar on Wednesday after prepared remarks from U.S (Other OTC: UBGXF - news) . Federal Reserve Chair Janet Yellen suggested that interest rate hikes in coming months remain a possibility. Yellen said there are good reasons to believe the United (Shenzhen: 000925.SZ - news) States …

  • Sterling pares gains against dollar after Yellen's comments Reuters - UK Focus - 1 hour 48 minutes ago

    Sterling weakened against a rising dollar on Wednesday after prepared remarks from U.S (Other OTC: UBGXF - news) . Federal Reserve Chair Janet Yellen suggested that interest rate hikes in coming months remain a possibility.

  • European shares were on course to snap a seven-day losing streak on Wednesday, helped by some solid corporate earnings and a recovery in Deutsche Bank from 30-year lows. Gains were slightly reduced after ...

  • Renewables to grow faster than forecast to 2035 -BP Reuters - UK Focus - 2 hours 7 minutes ago

    Renewable energy (NasdaqGS: REGI - news) will grow more quickly than forecast and provide around 15 percent of world power generation by 2035, oil company BP said on Wednesday. Renewables, including biofuels and wind power, are projected to increase at a rate of 6.6 percent per year, boosting their share of the total …

  • Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going and safeguard the billions already invested in these multi-decade projects. Companies including Husky Energy Inc, MEG Energy (Other OTC: MEGEF - news) Corp …

  • UK could restart Lloyds sale soon if price rises, official says Reuters - UK Focus - 2 hours 18 minutes ago

    Britain's government could rapidly restart sales of state-held shares in Lloyds Banking Group if market conditions normalise and the share price rises, the finance ministry's top civil servant, Nicholas Macpherson, said on Wednesday. Finance minister George Osborne said last month that he was postponing a planned sale …

  • Britain's High Court has ruled against power producers Drax and Infinis in their case brought against the government for not providing enough notice when it announced the removal of a climate change tax exemption last year, Drax said on Wednesday. "(The court) concluded that the government had not provided any specific …

  • Harry Potter to return to bookstores in script for London play Reuters - UK Focus - 2 hours 38 minutes ago

    Harry Potter, the boy wizard hero of a series of best-selling books and hit movies, will return to British and U.S (Other OTC: UBGXF - news) . "Harry Potter and the Cursed Child" depicts the hero as an overworked employee of the Ministry of Magic and father of three children who is grappling "with a past that refuses …

  • Kate Winslet goes "properly evil" for crime thriller "Triple 9" Reuters - UK Focus - 2 hours 40 minutes ago

    With bouffant hair and lots of bling jewellery, Academy Award winner Kate Winslet adds a somewhat different role to her acting repertoire in crime thriller "Triple 9", portraying a "properly evil" mafia boss. "Breaking Bad" actor Aaron Paul portrays a former cop turned gang member in the film, which he called "the darkest …

  • Renewables to grow faster than expected to 2035 -BP Reuters - UK Focus - 2 hours 52 minutes ago

    Renewable energy (NasdaqGS: REGI - news) will grow at a greater annual rate than previously forecast and account for over one third of the growth in global power generation by 2035, oil company BP said on Wednesday. Renewables, including biofuels and wind power, are projected to increase at a rate of 6.6 percent per …

  • U.S. shale oil output to double by 2035 - BP Reuters - UK Focus - 2 hours 52 minutes ago

    In its industry benchmark 2035 Energy Outlook, BP forecast global demand for energy to increase by 34 percent, driven by growth in the world population and economy, with the share of oil declining in favour of gas and renewables. U.S. shale or tight oil production using fracking technology was a key driver behind global …

  • UK to launch review into feasibility of tidal energy Reuters - UK Focus - 2 hours 55 minutes ago

    The British government said on Wednesday it will launch an independent review into tidal lagoon energy this spring to understand how it could contribute to Britain's energy mix in the most cost-effective way. A proposed 1-billion-pound ($1.45 billion) demonstration project to build a tidal energy lagoon in Swansea Bay …

  • Treasury yields increased on Wednesday as stock markets stabilized, reducing demand for safe haven debt, and before the United States is due to sell $23 billion in new 10-year notes. European stocks rebounded as concerns about the health of banks that have hammered shares globally in recent days eased and oil prices recovered …

  • Republican presidential candidate Donald Trump's odds at winning the White House improved significantly after his decisive victory in Tuesday's primary in New Hampshire, online betting site Ladbrokes PLC said on Wednesday. Trump's odds for winning the presidency in the November election are now 9/2, compared to 7/1 following …

  • The dollar rose on Wednesday, climbing from nearly four-month lows against a basket of major currencies, after prepared remarks from Federal Reserve Chair Janet Yellen suggested that the U.S (Other OTC: UBGXF - news) . The dollar rose to a session high against the euro and pared earlier losses against the Japanese yen …

  • Tesco, Britain's biggest retailer, has taken full control of the Harris+Hoole coffee shop chain by buying out its founding investors, it said on Wednesday. The supermarket chain purchased a non-controlling ...

  • World-leading technology company ARM Holdings (LSE: ARM.L - news) said a vote to leave the European Union by the British electorate, the so-called Brexit, would hinder its ability to employ the scientists and engineers it needs. ARM, which designs the chips that power nearly all of the world's smartphones including Apple …

  • LONDON/ROME, Feb 10 (Reuters) - Europe's top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global economy as it struggles to sustain momentum. Wednesday's industrial output data for Britain, France and Italy followed news a day earlier of a …

  • Alternative investment advisory firm Tyndaris plans to launch a global convertible bond fund led by portfolio managers Damien Regnier and Eric Daniel, a source with knowledge of the matter said. The Tyndaris Global Convertible Fund has begun marketing to investors and should start trading in a couple of months, the source …

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