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Top StoriesMiners Drag FTSE 100 Lower Ahead of U.S. Jobs Data
Top StoriesLondon’s Battersea Power Station Reborn as Office and Shopping Hub
Top StoriesLondon Stocks Slide After Three-Day Rally; Tesco Falls on Forecast Cut
Top StoriesUK Tax Reversal Does Little to Calm London Stocks
China’s Sinopec Intends to De-List ADSs From London Stock Exchange
Date: October 3, 2022
(Reuters) – China Petroleum and Chemical Corp, the world’s biggest oil refiner by capacity, said on Monday it intended to de-list its American Depositary Shares (ADSs) trading on the London Stock Exchange (LSE). The firm, known as Sinopec, said its board had already approved the de-listing of ADSs from the LSE, which are intended to...
London Stocks Pare Losses as Bank of England Steps in to Buy Bonds
Date: September 28, 2022
By Johann M Cherian and Bansari Mayur Kamdar (Reuters) – UK stocks pared some of their sharp losses on Wednesday after the Bank of England said it would start a temporary programme of bond purchases to stabilise the market and added that it would postpone the planned start of its gilt sale programme. The blue-chip...
Eurostar London Terminal Capacity Down 30% After Brexit, Says CEO
Date: September 28, 2022
LONDON (Reuters) – Eurostar’s peak capacity in London has fallen by 30% due to post-Brexit checks on travellers using the high-speed rail link between Britain and mainland Europe, the train operator’s boss has said. New border checks on British citizens introduced after Brexit have caused a “significant increase” in processing times at train stations, Eurostar...
London’s FTSE 100 Kept Afloat by Gains in Consumer Staples
Date: September 26, 2022
By Johann M Cherian and Susan Mathew (Reuters) -London’s mid-cap index closed at near two-year lows on Monday as investors fretted about Britain’s new economic plan, but a pound at record lows and gains in consumer staples stocks helped stem falls in the bluechip index. The mid-cap index extended losses to the third straight session...
UK Watchdog Clarifies post-Brexit Conditions for Share Trading Licences
Date: September 22, 2022
By Huw Jones LONDON (Reuters) – Britain’s financial watchdog set out plans on Thursday to clarify which operators must be licensed to trade stocks and bonds in its latest post-Brexit move to keep London’s capital market competitive. Britain’s new Prime Minister Liz Truss has promised to “unshackle” the City of London from European Union rules...
Polymetal Shares Down as Gold Miner Scraps Final Dividend
Date: September 22, 2022
MOSCOW (Reuters) – Russian gold and silver producer Polymetal said on Thursday it had decided to cancel the final dividend for 2021 and recommended no interim dividend payment for 2022 due to lower cash flows, sending its shares in London down 11%. Polymetal has not been directly targeted by Western sanctions imposed on Moscow since...