LONDON (Reuters) – British house prices rose by 0.2% in annual terms in August, the smallest such increase since April 2012, official data showed on Wednesday. It followed a 0.7% annual increase in July, the Office for National Statistics said. House prices increased by a seasonally-adjusted 0.2% on the month in August, partially reversing a …
UK house prices rise by smallest annual rate since 2012 – ONS Read More »
By Aby Jose Koilparambil (Reuters) -UK homebuilder Barratt said on Wednesday it expects the housing market to remain difficult over the coming months and refrained from providing a full-year profit forecast, citing the “uncertain” outlook. The UK’s largest homebuilder reiterated annual home building targets would be 20% lower than last year as affordability issues, stoked …
UK homebuilder Barratt flags ‘uncertain’ outlook amid tough mortgage market Read More »
By Huw Jones LONDON (Reuters) – Investors will not be protected under European Union cryptoasset market rules until at least the end of 2024, and even then they should still be ready to lose all their money, the bloc’s securities watchdog said on Tuesday. The EU was the first jurisdiction in the world to approve …
EU securities watchdog warns investors over crypto market protections Read More »
By Julia Payne and Kate Abnett LUXEMBOURG (Reuters) -European Union countries’ energy ministers struck a deal to reform power market subsidies, Spain’s energy minister said on Tuesday, defusing a stand-off between France and Germany over the future competitiveness of industrial sectors. The European Commission proposed changes to the EU’s electricity market in March after EU …
EU countries break deadlock on power market subsidies Read More »
By Marcelo Teixeira and Nigel Hunt NEW YORK (Reuters) – Prices for cocoa, the main ingredient used to make chocolate, rose to the highest ever on Tuesday as demand for the beans appears to be holding well despite the constant increase in costs, experts said. Financial investors were said to be the main driver of …
Prices for chocolate-making ingredient cocoa hit all-time highs Read More »
SAN JOSE (Reuters) – The Council of the European Union on Tuesday added the Indian Ocean island state of Seychelles and the Caribbean countries of Belize and Antigua and Barbuda to a list of 16 nations and territories deemed “non-cooperative” for tax purposes. “All three jurisdictions were found to be lacking with regard to the …
EU adds Belize, Seychelles, Antigua and Barbuda to tax havens list Read More »
BRUSSELS (Reuters) – The European Commission said on Tuesday it would step up its scrutiny of the business practices of social media influencers, a market estimated to be worth some 20 billion euros ($21.16 billion), to protect customers. The Commission will work in the coming weeks with national authorities to screen online posts to identify …
European Commission to step up scrutiny of influencers’ business practices Read More »
By Pablo Mayo Cerqueiro, Amy-Jo Crowley and Iain Withers (Reuters) -Brookfield, through its affiliate Brookfield Reinsurance, is weighing entering Britain’s burgeoning pension insurance industry and is open to an acquisition to bolster growth, three people familiar with the matter told Reuters. The company is scanning the market for potential deals to access the bulk annuities …
Exclusive-Brookfield weighs move into UK pension insurance market -sources Read More »
By Khushi Singh and Bansari Mayur Kamdar (Reuters) -Britain’s FTSE 100 rose on Tuesday after latest figures showing a weakening labour market lifted investor sentiment ahead of highly awaited inflation data later this week. The blue-chip FTSE 100 gained 0.6%, while the mid-cap index closed 1.0% higher. AstraZeneca was up 2.7% as Guggenheim raised its …
FTSE 100 climbs on pharma boost, UK CPI in focus Read More »
By Sarah Young LONDON (Reuters) -Rolls-Royce said on Tuesday it would cut up to 2,500 jobs as its new chief executive seeks to build a more efficient business, the latest boss to attempt to revamp one of Britain’s most prestigious engineering companies. Over the last decade, Rolls-Royce, whose engines and systems are used on the …
Rolls-Royce to cut up to 2,500 jobs in latest efficiency drive Read More »
