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Top StoriesHealthcare, Consumer Staples Weigh on London’s FTSE 100
Top StoriesLondon’s Long-Delayed Crossrail to Open on May 24
Top StoriesUK’s FTSE 100 Falls Ahead of Fed Decision as Miners Decline
Top StoriesEnergy Shares Lift London’s FTSE 100; Miners Weigh
Strong Pound Drags Export-Heavy FTSE 100 Lower, Offsets Bp Boost
Date: May 3, 2022
By Bansari Mayur Kamdar (Reuters) – UK’s FTSE 100 started the holiday-shortened week lower on Tuesday, as a strong sterling weighed on export-oriented stocks and offset upbeat results from oil major BP. After a bank holiday on Monday, the blue-chip index edged 0.2% lower, while the domestically focussed mid-cap index slipped 0.1%. The pound climbed...
UK Competition Watchdog Sets Deadline for Lseg Takeover of Quantile
Date: May 3, 2022
LONDON (Reuters) – Britain’s competition watchdog said on Tuesday that the London Stock Exchange Group and Quantile Group have until May 10 to offer acceptable undertakings to avoid an in-depth investigation into their merger. LSEG said in December it had acquired Quantile for up to 274 million pounds ($343.49 million) to expand its range of...
Standard Chartered Leads FTSE 100 Higher in Earnings-Driven Session
Date: April 28, 2022
By Devik Jain (Reuters) -London’s FTSE 100 climbed on Thursday, driven by strong earnings updates from firms including Whitbread and Standard Chartered, although Sainsbury hit the bottom of the index after warning of a drop in annual profit due to the cost-of-living crisis. The blue-chip index rose 0.8%, while the domestically focused mid-cap FTSE 250...
Britain Says EU Will Struggle to Shift Euro Clearing From London
Date: April 26, 2022
By Huw Jones LONDON (Reuters) – Britain’s financial services minister said on Tuesday that the European Union would find it hard to replace London for clearing trillions of euros in derivatives, and that the limited shift in activity so far was not gathering pace. After Britain left the bloc, Brussels said it wants to build...
Ease Rules to Make London More Competitive, Industry Officials Say
Date: April 26, 2022
By Huw Jones and Carolyn Cohn LONDON (Reuters) – Rules are becoming more flexible for financial firms after Brexit but more needs to be done to cut red tape and keep London globally competitive, senior industry officials said on Tuesday. Following its departure from the European Union, Britain faces industry and lawmaker calls to...
FTSE 100 Snaps 3-day Losing Streak; Ab Foods Slumps on Earnings Update
Date: April 26, 2022
By Devik Jain (Reuters) -London’s FTSE 100 climbed on Tuesday after a three-day selloff, as shares of miners and homebuilders rose, while HSBC Holdings and Associated British Foods slid following earnings updates. The blue-chip index added 0.6% after closing at its lowest since March 18 on Monday. Glencore led gains among miners with its 1.9%...