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WPP boosts sales outlook but falls short of investors’ expectations
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A regulatory double act: why the US & UK must collaborate
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Hargreaves Lansdown shares hit 2.5 month high on profit beat
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Sterling creeps lower vs dollar after BoE’s gloomy outlook
European shares fall as energy stocks weigh; focus on U.S. jobs data
Date: August 5, 2022
By Bansari Mayur Kamdar (Reuters) – European shares edged lower on Friday as crude prices continued to weigh on energy stocks, with all eyes on U.S. jobs data expected later in the day. The pan-European index STOXX 600 was down 0.1% amid worries that the U.S. Federal Reserve’s aggressive pace of rate hikes would slow...
Ukraine and Russia: What you need to know right now
Date: August 5, 2022
(Reuters) – Three grain ships left Ukrainian ports while the first inbound cargo vessel since Russia’s invasion was due in Ukraine later in the day to load, as Kyiv called for the safe passage deal to be extended to other cargoes such as metals. ECONOMY/DIPLOMACY * A Turkish bulk carrier is expected to arrive in...
Allianz shells out 140 million euros to shut U.S. fund unit after fraud
Date: August 5, 2022
By Tom Sims and Alexander Hübner FRANKFURT (Reuters) -Allianz spent around 140 million euros ($143.11 million) on restructuring to wind down a U.S. funds unit at the centre of a multi-billion fraud, the German insurer disclosed on Friday, an expense that added to a worse-than-expected 23% fall in quarterly profit. Allianz in May agreed to...
Dollar edges higher ahead of U.S. jobs data
Date: August 5, 2022
By Samuel Indyk LONDON (Reuters) – The U.S. dollar edged higher on Friday, attempting to recoup some losses after its sharpest daily drop in more than two weeks, as traders turned their attention to U.S. jobs data for further clues about the strength of the economy. The U.S. dollar index, which measures the greenback against...
Tullow Oil abandons Guyana well after dismal drilling results
Date: August 5, 2022
By Muhammed Husain (Reuters) -Africa-focused Tullow Oil said on Friday it would abandon its drilling operations at an exploration well offshore Guyana after results showed the well bore water, sending its shares lower. The group, which holds 37.5% of the Kanuku block where the Beebei-Potaro exploration well lies, said it would work with its joint...
Jittery markets see bond funds enjoy largest weekly inflows since Nov 2021
Date: August 5, 2022
By Lucy Raitano LONDON (Reuters) – Bond funds recorded their largest weekly inflow since late 2021 while equity funds were sold off, suggesting investors are becoming increasingly risk adverse against a darkening outlook for the global economy. Investors put $11.7 billion into bonds in the week to Wednesday – the biggest such inflow into fixed...