By David Milliken LONDON (Reuters) – British business confidence began to feel the impact of the Omicron variant of coronavirus this month, alongside further upward pressure on prices and staffing costs, a survey showed on Tuesday. Lloyds Bank said its monthly business confidence survey, conducted between Nov. 26 and Dec. 10, held steady at 40% …
UK businesses feel pressure from Omicron – Lloyds survey Read More »
(Reuters) – UK-based Barclays Plc said on Monday it had received approval from Australia’s prudential regulator to operate as a foreign bank in the country, as the lender continues its expansion into high-growth markets. Barclays, Britain’s third-biggest bank by market value, in August pumped money into its India arm to tap rising corporate and investment …
Barclays gets Australian banking licence in expansion push Read More »
By Kirstin Ridley LONDON (Reuters) – A man convicted in Britain over how oil contracts were secured in post-occupation Iraq lodged an appeal on Monday, in another potential blow to one of the Serious Fraud Office’s (SFO) most high-profile bribery cases. Paul Bond, 69, received a three-and-a-half year jail sentence in March after an investigation …
Former oil executive appeals British Unaoil bribery conviction Read More »
By Chavi Mehta (Reuters) – Business software maker Oracle Corp said on Monday it would buy Cerner Corp for $28.3 billion in its biggest ever deal, gaining access to a trove of data from one of the biggest healthcare IT firms in the United States. Cerner shareholders will receive $95 in cash for each share …
Oracle to buy Cerner for $28.3 billion in healthcare sector push Read More »
By James Davey LONDON (Reuters) -The number of shoppers on Britain’s high streets fell by 2.6% over the weekend as the highly contagious Omicron variant of coronavirus kept people at home, market research company Springboard said on Monday. Shopper numbers plunged 8.5% in central London on Dec. 18 and Dec. 19, compared with the number …
Weekend shopper numbers on UK high streets suffer Omicron hit Read More »
PARIS (Reuters) – France’s champagne producers are preparing to toast record annual sales, an unexpectedly brisk turnaround from last year’s pandemic-related troubles that is making them confident they can withstand the onset of the Omicron variant. Sales in 2021 are expected to top 5.5 billion euros ($6.2 billion), above a previous peak of 5 billion …
Champagne to pop sales record as demand flows again Read More »
By Anisha Sircar and Shashank Nayar (Reuters) -European stocks ended lower on Monday in their worst session for three weeks amid a wider equities sell-off, with investors fretting over the spectre of tighter pandemic curbs hitting the global economy as cases of the Omicron coronavirus strain surge. The pan-European STOXX 600 dropped -1.4% to its …
European stocks drop as Omicron worries intensify Read More »
By Bansari Mayur Kamdar (Reuters) -UK shares tracked a slide in global equity markets on Monday as concerns around a surge in cases of the Omicron coronavirus variant in Europe and the United States dented investor sentiment. After falling to a two-week low in early trading, the blue-chip FTSE 100 index recouped some early declines …
UK shares fall as Omicron concerns hit commodity, travel stocks Read More »
By Abhinav Ramnarayan LONDON (Reuters) -The Bank of England said on Monday it was fining Standard Chartered 46.55 million pounds ($61.51 million) for misreporting its liquidity position to the regulator and for failings in its controls. The Prudential Regulation Authority (PRA) said the fine related to when the regulator was concerned from late 2017 about …
StanChart fined $61.5 million for misreporting liquidity position Read More »
LONDON (Reuters) -The British pound fell to a three-day low on Monday, struggling to hold above $1.32 against the dollar as a risk-off mood swept through financial markets and as pressure grew on policymakers to slow the spread of the Omicron coronavirus variant. Britain has reported record levels of COVID-19 cases, with officials warning that …
