LONDON (Reuters) – Money market bets on a 15 basis point UK rate hike next week fell further to around 40% on Thursday, compared to 46% on Wednesday and nearly 70% at the beginning of last week, according to Refinitiv data. Britain’s decision to impose restrictions to slow the spread of the Omicron coronavirus variant …
By Paul Sandle and Muvija M LONDON (Reuters) -Rolls-Royce expects cost cuts to keep cash outflows below its guidance of 2 billion pounds ($2.6 billion) this year, although the aero-engine maker’s hopes of a recovery in long-haul flying face a new challenge from the Omicron coronavirus variant. The British company said on Thursday its large …
Rolls-Royce limits cash burn even as long-haul recovery stutters Read More »
LONDON (Reuters) – Long-term inflation expectations among members of the British public fell in recent weeks to the lowest level since May, a survey showed on Thursday. Inflation expectations in five years’ time fell to around 3.6% after peaking at around 4.4% in September, according to the survey of consumers from BofA Global Research. The …
UK public inflation expectations fall to lowest since May: BofA survey Read More »
(Reuters) – Britain’s Wise Plc said on Thursday former Netflix Chief Financial Officer David Wells will take on the role of chairman at the money transfer company with immediate effect, succeeding founder Taavet Hinrikus. Wells has been a senior director since July 2019 at Wise, which listed on the London Stock Exchange this year, and …
Ex-Netflix CFO David Wells to be chair of UK finance firm Wise Plc Read More »
(Reuters) -British transport group Go-Ahead said an independent review revealed “serious errors” by its London and Southeastern railway franchise, LSER, which led to it overcharging the country’s transport department in contracts over several years. Go-Ahead’s shares tumbled 22% by 0925 GMT, as it once again pushed back the release of its financial results for the …
Go-Ahead review reveals Southeastern rail overcharged Britain, shares slump Read More »
By Kate Abnett BRUSSELS (Reuters) – The European Union has passed the first part of its rulebook on climate friendly investments, which from next year will define which activities can be labelled as green in sectors including transport and buildings. The first section of the EU’s sustainable finance taxonomy will apply from Jan. 1 2022, …
EU passes first chunk of green investment rules, contentious sectors still to come Read More »
By James Davey LONDON (Reuters) -British sportswear and fashion group Frasers reported a 61.7% rise in first-half core earnings, driven by a strong performance from its shops as they reopened after COVID lockdowns, plus the opening of new Flannels stores and online growth. Shares in the group, formerly called Sports Direct and controlled by founder …
UK retailer Frasers profit jumps on strong reopening after lockdown Read More »
ZURICH (Reuters) -Swiss financial supervisor FINMA is in touch with Credit Suisse about a coronavirus quarantine violation by its chairman, the watchdog said on Thursday. “We are in contact with the bank regarding the matter,” a spokesperson said in response to an enquiry, declining further comment. Chairman Antonio Horta-Osorio broke COVID-19 rules during a recent …
Swiss watchdog reviews Credit Suisse chairman’s quarantine violation Read More »
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – European Central Bank policymakers are homing in on a temporary increase in the regular bond purchase scheme that would still significantly reduce overall debt buys once a much larger pandemic-fighting scheme ends in March, sources told Reuters. The move, to be discussed at a meeting of …
Exclusive-ECB governors home in on temporary, limited bond purchase boost -sources Read More »
(Reuters) – UK online furniture retailer Made.com said on Thursday increased supply chain disruptions were expected to delay up to 45 million pounds ($59.41 million) of revenue to 2022, hitting its current year forecasts. Worsening industry-wide supply chain disruptions in recent months were negatively impacting the timing of stock intake and as a result deferring …
UK’s Made.com says supply chain issues pushing more revenue into 2022 Read More »
