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InvestingIthaca Energy Closes in on London’s Biggest 2022 Listing
Top StoriesFrankfurt Steps up Efforts to Shift Euro Clearing From London
TradingShell Helps Prop up FTSE 100
TradingFTSE 100 Dips as Stronger Pound and Mixed Earnings Weigh
Factbox-Dominic Raab Returns to Government as Deputy PM Under Sunak
Date: October 26, 2022
LONDON (Reuters) – British lawmaker Dominic Raab was appointed deputy prime minister and minister of justice on Tuesday, returning to the roles he held for a year until September. Here are five facts about Raab: – Raab, 48, lost his roles as deputy prime minister and justice minister when Liz Truss entered Downing Street earlier...
FTSE 100 Slips on Stronger Pound; PM Race Takes Focus
Date: October 24, 2022
By Johann M Cherian (Reuters) -UK’s FTSE 100 fell on Monday as a stronger pound and weaker oil prices weighed on the blue-chip index, while investors kept a close watch on the race for Britain’s next prime minister. The exporter-heavy FTSE 100 fell 0.7% as the pound gained, with Rishi Sunak set to become Britain’s...
UK North Sea Firm Ithaca Energy Plans London Listing
Date: October 18, 2022
By Ron Bousso, Carolyn Cohn and Lucy Raitano LONDON (Reuters) -North Sea oil and gas producer Ithaca Energy said on Tuesday it is planning a London listing, stoking hopes for a fourth quarter recovery in a stock market overshadowed by Britain’s dismal economic outlook. The initial public offering (IPO) will test investors’ appetite for oil...
FTSE 100 Climbs Ahead of Hunt’s Fiscal Plans
Date: October 17, 2022
By Sruthi Shankar (Reuters) -London shares rose for a third consecutive session on Monday as investors awaited new finance minister Jeremy Hunt’s fiscal plans that would seek to restore market confidence in Prime Minister Liz Truss’s government. The blue-chip FTSE 100 index gained 0.5%, while the domestically focussed FTSE 250 index climbed 0.6%. The pound...
London’s FTSE 100 Falls for Sixth Day as Financials Extend Losses
Date: October 12, 2022
By Sruthi Shankar (Reuters) – Financial stocks led Britain’s blue-chip index lower on Wednesday as gilts continued their selloff, while Barratt Developments’ disappointing results deepened worries for the battered housing sector. The FTSE 100 fell 0.9% extending losses for a sixth straight session, while the midcap FTSE 250 index dropped 1.7%. The pound rose 1.1%...
FTSE 100 Falls for Fifth Session, Eyes on BoE Moves to Stem Bond Rout
Date: October 11, 2022
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) -Britain’s main stock indexes fell on Tuesday, as geopolitical risks and the prospect of higher interest rates hit global markets, with investors focussing on fresh measures by the Bank of England (BoE) to try to stem the rout in government bonds. The central bank, battling to stabilise...