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InvestingFinancial Stocks Lift FTSE 100 Higher; Resource Stocks Cap Gains
Top StoriesFTSE 100 Slips as Stronger Pound, Energy Stocks Weigh
Top StoriesRenting Office Space in London to Become Costlier in 2023 – J.P. Morgan
InvestingGloomy Economic Data Pulls UK Shares Lower
Consumer Staples Lift UK’s FTSE 100 to Fourth Week of Gains
Date: April 1, 2022
By Devik Jain (Reuters) -London’s FTSE 100 rose on Friday and marked its fourth consecutive weekly gains with consumer staples and miners leading advances, while sports good retailer Frasers jumped after unveiling a new share buyback plan. The blue-chip FTSE 100 closed 0.3% higher, with Reckitt Benckiser Group climbing 3.1% after Barclays raised its price...
Moscow Says Firms’ Foreign-Listed Depositary Receipts Will Be Forced to Return to Russia
Date: April 1, 2022
(Reuters) – Russian companies whose depositary receipts are traded abroad will be obliged to return to Russia, unless other solutions arise, Economy Minister Maxim Reshetnikov said on Friday. Several major Russian companies have listings abroad, which has always been a matter of prestige for them. But since Russia began what it calls a “special military...
FTSE 100 Notches Best Week in Over Year
Date: March 18, 2022
By Amal S and Sruthi Shankar (Reuters) -British stocks ended near session highs on Friday, and the blue-chip index clocked its best weekly performance in over a year as investors digested negotiations over the Ukraine-Russia conflict and a dovish outlook from the Bank of England this week. The FTSE 100 closed up 0.3%, while domestically...
Exclusive-Abramovich Handed Chelsea Director Control of Firm on Day of Ukraine Invasion – Filings
Date: March 18, 2022
By Andrew MacAskill and Paul Sandle LONDON (Reuters) – Russian businessman Roman Abramovich transferred a company he controlled with tens of millions of dollars of investments to a director of English soccer club Chelsea on the day Russia invaded Ukraine, UK corporate filings showed. It was the second time Chelsea owner Abramovich moved assets to...
European Financial Institutions Turn Their Back on Russia
Date: March 14, 2022
By Tom Sims, Simon Jessop and Paul Arnold FRANKFURT/LONDON/ZURICH (Reuters) – Deutsche Bank reversed course and said it would pull out of Russia completely while the London Stock Exchange suspended all its services in the country as Western governments impose sanctions over the invasion of Ukraine. Deutsche, which had faced stinging criticism from some investors...
FTSE 100 Weighed Down by Banks and Oil Firms; Rio Tinto Slumps
Date: March 10, 2022
By Amal S and Shashank Nayar (Reuters) – London’s FTSE 100 fell on Thursday with heavyweight financial and oil shares leading declines, along with miner Rio Tinto after it severed all ties with Russian businesses and also traded ex-dividend. The blue-chip FTSE 100 closed down 1.3% at 7,099.09 points, with oil heavyweights Shell and BP,...