Financial News from Reuters - UK Focus

Latest News

  • U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector. Based on the latest available data, the Dow ...

  • A group of British public sector pension funds has heaped pressure on Barclays (Berlin: BCY.BE - news) ahead of its annual general meeting by saying it has governance concerns over the company's search for a new chairman. As a result, his role in leading the search for a new company chairman was inappropriate, the Local …

  • NEW YORK (Frankfurt: HX6.F - news) , April 23 (Reuters) - U.S. Treasuries yields fell on Wednesday after weak U.S economic data spurred safe-haven bids and traders covered short positions against bonds following a selloff in recent sessions. "You cannot blame the new home sales data on the weather, as the case was in early …

  • NEW YORK (Frankfurt: HX6.F - news) , April 23 (Reuters) - The U.S. Securities and Exchange Commission on Wednesday won an asset freeze against a former Banco Santander SA executive it accused of insider trading ahead of a proposed 2010 takeover of Potash Corp of Saskatchewan Inc. The $3.84 million freeze against Cedric …

  • * Limited reaction to China HSBC flash manufacturing PMI (Updates with late New York (Frankfurt: HX6.F - news) prices) NEW YORK, April 23 (Reuters) - The U.S. dollar weakened against the euro and yen on Wednesday, undermined by a decline in U.S. equity prices and Treasury yields and finding little support from a slower-than-expected …

  • The dollar fell and global equity markets edged lower on Wednesday in response to disappointing U.S. housing data and weak corporate earnings that reversed market momentum after five days of gains in a ...

  • NEW YORK (Frankfurt: HX6.F - news) , April 23 (Reuters) - Goldman Sachs Group Inc , JPMorgan Chase & Co (NYSE: JPM - news) , the London Metal Exchange and warehouse operators want a judge to throw out lawsuits saying that from May 2009 they conspired to reduce the supply and increase the price of aluminum. They argued …

  • MARKET PULSE-Hugoton, Zhone, Unisys, Sodastream, Boeing, Delta Reuters - UK Focus - 1 hour 33 minutes ago

    U.S. stocks declined on Wednesday after a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector. The Dow Jones industrial average fell 25.43 ...

  • US STOCKS-Wall St slips after six-day S&P run; biotechs drop Reuters - UK Focus - 1 hour 45 minutes ago

    U.S. stocks declined on Wednesday after a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector. AT&T Inc fell 3.6 percent to $35 a day after ...

  • South Africa platinum strike talks to continue Thursday Reuters - UK Focus - 1 hour 55 minutes ago

    * Platinum price remains depressed despite strike * Miners get ready for mass meeting - AMCU official (Updates with end of talks) JOHANNESBURG, April 23 (Reuters) - Marathon talks aimed at ending a crippling three-month strike in South Africa's platinum sector will resume on Thursday after the world's top producers and …

  • U.S. new home sales hint at prolonged housing weakness Reuters - UK Focus - 2 hours 19 minutes ago

    "The weak tone of this report is a bitter pill for those, including ourselves, who have been looking for signs of a spring thaw in the housing recovery," said Millan Mulraine, deputy chief economist at TD Securities in New York (Frankfurt: HX6.F - news) . The housing market was slammed by the unusually cold and snowy winter, …

  • Novartis-GSK asset swap offers template for pharma and beyond Reuters - UK Focus - 2 hours 20 minutes ago

    * Asset swaps avoid merger pitfalls LONDON, April 23 (Reuters) - The loud welcome given by investors to this week's deal for Novartis (Xetra: NOT.DE - news) and GlaxoSmithKline (Other OTC: GLAXF - news) to trade more than $20 billion of assets could trigger more pacts in the pharmaceuticals sector and beyond. Such swapping …

  • The dollar fell and global equity markets edged lower on Wednesday in response to disappointing U.S. housing data and weak corporate earnings that reversed market momentum after five days of gains. In ...

  • British over-50s insurer Saga is planning to announce its intention to float next week in a London stock market debut that could value the company at 3 billion pounds ($5.1 billion), two sources familiar with the matter said on Wednesday. The share offer would be the UK's biggest insurance listing for at least five years, …

  • British oil company Soco International will start seismic tests this weekend in Democratic Republic of Congo's Lake Edward, an executive said on Wednesday, despite campaigners' attempts to block exploration in a world heritage site. Conservation group WWF has called on Soco to withdraw from its blocks in UNESCO-protected …

  • European shares snapped a three-day winning streak on Wednesday, with tech stocks hit by disappointing results from Ericsson and chip designer ARM Holdings, raising doubts about the sector's earnings. ...

  • U.S. expansion plans for Associated British Foods and expectations of consolidation in the drugs sector kept Britain's top share index near a two-week high on Wednesday. Clothing and food conglomerate ...

  • U.S. stocks edged lower on Wednesday as weakness in AT&T and biotech names inspired investors to take profits following six straight days of gains, though a rally in Boeing limited losses. The Dow Jones ...

  • STOCKS NEWS EUROPE-UK small caps close higher Reuters - UK Focus - 4 hours ago

    The FTSE Small Cap Index rises 0.2 percent while the junior-listed FTSE AIM All Share Index adds 0.4 percent, outperforming a 0.1 percent drop on the blue-chip index and a 0.6 percent fall from the mid-caps. ...

  • U.S. stocks edged lower on Wednesday as weakness in AT&T and biotech names inspired investors to take profits following six straight days of gains, though a rally in Boeing limited losses. AT&T Inc fell ...

  • Global equity markets edged lower on Wednesday after five days of gains after disappointing U.S. housing data and as corporate earnings were not strong enough to sustain a rally, while the price of government ...

  • A 42-year-old woman has been arrested on suspicion of murder after the bodies of three children were found at the house of a South African banker in a suburb of southwest London, police said on Wednesday. Neighbours leaving flowers and tributes outside the house told reporters that the family had carried out extensive …

  • * Trust will sell renewable power for the first time LONDON, April 23 (Reuters) - Britain's conservation charity the National Trust switched on its first large-scale renewable energy project on Wednesday and launched a new trading company to sell its power to the country's national grid. Sales from the Hafod y Llan hydroelectric …

  • * Telia chief repeats Spanish unit Yoigo too small * Vodafone could be interested depending on regulator view * Telia repeats sees flat sales, profit margins in 2014 * Sees slightly greater risk of slower equipment sales

  • Output has been cut at Buzzard, Britain's biggest North Sea oilfield, by about 50,000 barrels per day for four days of maintenance, a trade source said on Wednesday. The oilfield is the biggest contributor ...

  • BUZZ-European tech stocks: please reboot Reuters - UK Focus - 5 hours ago

    Heightened expectations are colliding with lackluster results at Europe's blue chip technology companies although modestly better prospects for some may help in the longer term. ** Over past week ASML, ...

  • Britain's benchmark FTSE 100 index needs more evidence of growth in corporate profits to break out of its recent trading range and challenge record highs of around 7,000 points, says Old Mutual Global Investors (OMGI) fund manager Richard Buxton. "We're churning around in a trading range of 6,200 to 6,800," says Buxton, …

  • * Euro zone businesses enjoy best month in nearly three years * Deflation fears remain in euro zone NEW YORK/LONDON April 23 (Reuters) - The U.S. manufacturing sector expanded in April and the euro zone private sector started the second quarter on its strongest footing since 2011, while the pace of decline in Chinese …

  • Sterling fell against the dollar and the euro on Wednesday after Bank of England minutes highlighted a growing debate between policymakers about slack in the economy and the medium-term inflation outlook. Sterling eased to $1.6795 against the dollar in afternoon trade, from around $1.6823 before the minutes were released. …

  • U.S. stocks dipped at the open on Wednesday despite upbeat corporate earnings as buyers appeared scarce following the longest streak of daily gains on the S&P 500 so far this year. The Dow Jones industrial ...

  • Azeri state energy company SOCAR's shipyard and British oil major BP (LSE: BP.L - news) have signed a $378 million deal to design and build a subsea construction vessel for the Shah Deniz II gas project, BP said on Wednesday. Azerbaijan's biggest gas field, Shah Deniz is being developed by consortium partners BP, Statoil …

  • U.S. stocks edged lower on Wednesday as strong results from Boeing failed to inspire investors to keep pushing equities higher following six straight days of gains. Better-than-expected corporate earnings ...

  • Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dealing a setback to the housing market recovery. The Commerce Department said on Wednesday sales dropped 14.5 percent to a seasonally adjusted annual rate of 384,000 units, declining for a second consecutive month. The housing …

  • * Juncker wants 5-year freeze on new EU members * Warns London not to block extra power for euro zone BRUSSELS, April 23 (Reuters) - Britain should get a fair hearing for its concerns about the European Union but must not block extra powers for the euro zone, Jean-Claude Juncker, a leading candidate to take one of the …

  • Prime Minister David Cameron's ex-media chief told a London court on Wednesday he had not tried to cover up phone-hacking at the Rupert Murdoch paper he once edited, but said he had not offered detectives any information either. Andy Coulson, who was Cameron's head of communications until 2011, is on trial accused of conspiracy …

Next >>