LONDON (Reuters) -London underground rail staff will go on strike from July 23-28 in a long-running dispute over pensions, job cuts and working conditions, trade union RMT said on Thursday. Over 10,000 workers are eligible to strike but the strikes will affect different sections of the Tube network and grades of workers on different days, …
ZURICH (Reuters) -UBS’s flagship global wealth management business on Thursday announced a raft of management changes triggered by the Swiss bank’s takeover of Credit Suisse. Several former Credit Suisse managers have got jobs in the changes which affect roughly 180 executives and mainly take effect from July 17. Former Credit Suisse executive Michael Marr will …
UBS overhauls leadership at wealth management division Read More »
By Huw Jones and Iain Withers LONDON (Reuters) -British regulator the Financial Conduct Authority (FCA) said on Thursday that banks need to accelerate rate rises for savers, but said it was not up to the watchdog to dictate pricing. Politicians and consumer campaigners have been heaping pressure on British lenders to raise rates for savers …
UK banks must accelerate rate rises for savers, says watchdog Read More »
By David Milliken and Andy Bruce LONDON (Reuters) -British house building fell in June at the sharpest pace in more than 14 years, apart from two months early in the COVID-19 pandemic, as higher borrowing costs dampened demand and weighed on the broader construction sector, a survey showed on Thursday. The S&P Global/CIPS construction Purchasing …
By Shashwat Chauhan and Shristi Achar A (Reuters) -The UK’s FTSE 100 touched a more than three-month low on Thursday, in tandem with a sell-off in global equities, as jitters around rising interest rates held firm and as Sino-U.S. tensions further dampened the mood. The blue-chip FTSE 100 closed down 2.2%, having hit its lowest …
UK’s FTSE 100 hits three-month low as rate hike worries grip Read More »
LONDON (Reuters) -British companies’ expectations for selling price inflation cooled slightly in June and reached their lowest level since early last year, according to a survey by the Bank of England which is under pressure to bring down high inflation. Expectations for output price inflation in the coming year fell to 5.3% in the three …
UK companies lower their expectations for price growth: BoE survey Read More »
LONDON (Reuters) – Bitcoin hit its highest level in 13 months on Thursday rising as much as 3.28% to $31,500. The world’s largest cryptocurrency has recently found support due to plans by fund managers, including BlackRock – the world’s largest asset manager – to launch a U.S.-listed spot bitcoin exchange-traded fund(ETF). Nasdaq refiled its application …
By James Davey LONDON (Reuters) -British electricals retailer Currys said it wouldn’t pay a final dividend and would be prudent in its planning, including reducing payments to its pension scheme, as it is concerned about the economic outlook in its markets. The group also reported a 38% fall in 2022-23 profit, hurt by the weak …
UK’s Currys drops dividend on uncertain economic outlook Read More »
BRUSSELS (Reuters) – Retail sales in the euro zone were unchanged in May, Eurostat said on Thursday, as increased spending on non-food items offset declines for food and automotive fuel. Retail sales volumes in the 20 nations sharing the euro currency were unchanged from April and were 2.9% lower year-on-year. That compared with average forecasts …
Euro zone retail sales flat in May, still down year-on-year Read More »
PARIS (Reuters) – Coty said on Thursday there will be no discussion of a Gucci licence deal in the next five years. “There will be no discussion on the renewal of any of our licences before at least 5 years,” Coty CEO Sue Naby told journalists in response to a question about whether Kering could …
Coty CEO says Gucci licence deal not under discussion for next five years Read More »
