By Amruta Khandekar (Reuters) -European stocks were flat on Tuesday as a slew of downbeat earnings reports countered a boost from healthcare and energy shares amid a slight pullback in concerns about risks from the Middle East conflict. The pan-European STOXX 600 index was almost unchanged at 449.52 points by 8:36 GMT after a modest …
European shares flat amid downbeat earnings reports; UK stocks outperform Read More »
(Reuters) – Shares in Jupiter Fund Management hit a record low on Tuesday after the firm reported bigger than expected net outflows in its third quarter as it grapples with muted retail investor appetite and volatile markets amid high inflation. Jupiter reported net outflows of 1 billion pounds ($1.22 billion) for the period to Sept. …
Fund manager Jupiter’s assets under management fall in third quarter Read More »
By Eva Mathews (Reuters) – St. James’s Place said on Tuesday it would revamp its fee structure to reduce overall ongoing charges for existing investments following pressure from UK financial regulators seeking to increase protections for savers and pension investors. Last week, the FTSE 100 wealth manager said it was evaluating options in response to …
UK’s St James’s Place revamps fees after regulator pressure Read More »
By Elizabeth Howcroft and Tom Wilson LONDON (Reuters) – Cryptocurrency issuer Tether has frozen 32 crypto wallet addresses containing a combined $873,118 it said were linked to “terrorism and warfare” in Israel and Ukraine, the company said on Monday. Israeli police said last week they had frozen crypto accounts used to solicit donations for Hamas …
Tether freezes crypto linked to ‘terrorism and warfare’ in Israel and Ukraine Read More »
By Victor Goury-Laffont (Reuters) -Belgium’s Umicore said on Tuesday it had cut its net capital expenditure target for 2026 after receiving grants including C$1 billion ($734.05 million) from the Canadian government to build a battery materials plant. Umicore expects total net capital expenditure between 2022 and 2026 to reach 3.8 billion euros ($4.01 billion). The …
Umicore cuts net investment target as grants help offset planned spending Read More »
By David Milliken LONDON (Reuters) – Growth in British workers’ regular pay – which is being watched closely by the Bank of England – slowed from a previous record high and job vacancies also declined, official figures showed on Tuesday, in a sign that the labour market is losing momentum. British average earnings, excluding bonuses, …
UK regular pay growth slows for first time since January Read More »
By Supantha Mukherjee STOCKHOLM (Reuters) -Ericsson on Tuesday said it expected the uncertainty impacting its mobile networks business to persist into 2024, after reporting a fall in third-quarter revenue as demand for 5G equipment fell in North America. The Swedish telecom equipment maker’s shares fell 9% in early trade to lows last seen in 2017, …
Ericsson says telecoms uncertainty to persist into 2024, shares fall Read More »
FRANKFURT (Reuters) – The European Central Bank will need some time, possibly until next spring, before it can be confident that inflation is returning to its 2% target, ECB chief economist Philip Lane told a Dutch newspaper. The ECB has raised rates at each of its past ten meetings to curb runaway price growth but …
ECB ‘quite some distance’ from rate cuts -ECB chief economist Read More »
(Reuters) – Cryptocurrency exchange Binance said on Monday it will stop accepting new customers in the United Kingdom, in compliance with new regulation restricting promotions from overseas digital asset firms in the country. New users in the UK will not be able to register on the platform from 5 PM local time (4 PM GMT), …
Crypto exchange Binance to stop accepting new users in UK Read More »
By Huw Jones LONDON (Reuters) – Britain’s financial watchdog signalled on Monday that its plans to merge the London Stock Exchange’s two categories of company listings and dilute some shareholder rights were poised to go ahead in a bid to make the City more globally competitive. Government and regulators have come under pressure from the …
UK watchdog signals go-ahead to radical overhaul of company listings Read More »
