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FTSE 100 climbs ahead of Hunt’s fiscal plans
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ITV shares jump on reports it could sell stake in production arm
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UK’s Hargreaves Lansdown CEO Hill to step down
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How Britain’s pension scheme hedge became a trillion pound gamble
Credit Agricole and CACEIS to buy RBC Investor Services’ Europe unit
Date: October 17, 2022
PARIS (Reuters) – CACEIS, the asset servicing business owned by French bank Credit Agricole and Spanish bank Santander, has struck a preliminary deal to buy the European asset servicing business of RBC Investor Services. The acquisition, due to be completed by the end of the third quarter in 2023, would result in CACEIS having about...
UK housing market shows strains from “mini-budget”: Rightmove
Date: October 17, 2022
LONDON (Reuters) – Britain’s housing market lost momentum this month after Prime Minister Liz Truss’s economic plans upset financial markets and triggered a repricing of the mortgage market, data from property website Rightmove showed on Monday. Asking prices for homes coming to the market rose by 7.8% year-on-year in October, the smallest increase since January....
Broadcom banking on early EU approval of $61 billion VMware deal
Date: October 17, 2022
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom will seek early European Union antitrust approval of its proposed $61 billion buy of cloud computing company VMware by pointing to competition from Amazon, Microsoft and Google, people familiar with the matter said. Announced in May, the deal is the second biggest globally so far...
Analysis-G7 fails to reach intervention deal to ease pain of soaring dollar
Date: October 17, 2022
By Leika Kihara WASHINGTON (Reuters) – Japan and other countries facing the fallout from a soaring U.S. dollar found little comfort from last week’s meetings of global finance officials, with no sign that joint intervention along the lines of the 1985 “Plaza Accord” was on the horizon. With a strong push from Japan, finance leaders...
Euro zone bond yields fall as ECB policymaker flags recession risk, gilts eyed
Date: October 14, 2022
By Stefano Rebaudo (Reuters) -Euro zone bond yields fell on Friday after a European Central Bank (ECB) policymaker flagged recession risks and investors grew wary of pricing in more aggressive monetary tightening. The ECB is prepared for a possible technical recession paired with high inflation, Vice-President Luis de Guindos said. Investors will also focus on...
Royal Mail warns of thousands of job cuts as it slides into red
Date: October 14, 2022
By Yadarisa Shabong (Reuters) -Royal Mail could cut up to 10,000 jobs and the loss-making business warned of more layoffs if planned strikes go ahead, as the company that is locked in a dispute with its largest union flags even deeper losses this year, sending shares 10% lower. The Communication and Workers Union (CWU), representing...