Reuters UK Business

LONDON (Reuters) – Bank of England policymaker Michael Saunders, who has backed a bigger interest rate rise than most of his colleagues, said Bank Rate could reach 2% or higher during the next year in order to curb inflation expectations after the recent surge in prices. Saunders said he did not regard financial market forecasts …

BoE’s Saunders says Bank Rate could top 2% in next year Read More »

By Sruthi Shankar (Reuters) -UK’s main stock indexes hit more than two-week highs on Monday, as an upbeat global mood lifted economically sensitive sectors, while shares of Haleon, spun off from drugmaker GSK, debuted on the London Stock Exchange. European and Asian stock markets tracked a Wall Street rally on Friday, when better-than-expected earnings and …

UK shares touch over 2-week high, GSK spin-off Haleon lists on LSE Read More »

By Susan Mathew (Reuters) -European shares hit three-week highs on Monday, tracking gains in global equities, even as investors are seen staying cautious ahead of a European Central Bank policy meeting and a scheduled resumption of Russian gas flows via the Nord Stream 1 pipeline. The pan-European STOXX 600 index rose 1.4% in broad-based buying, …

European shares jump over 1% as cyclicals advance Read More »

BERLIN (Reuters) -Embattled German gas importer Uniper, the subject of consultations between the German and Finnish governments, has drawn down its 2 billion euro ($2.03 billion) credit facility from Germany’s state-owned KfW bank, it said on Monday. Uniper said it took the step due to disruptions in the supply of Russian gas and the corresponding …

Uniper draws down 2 billion euro KfW credit facility Read More »

BERLIN (Reuters) – Embattled German utility Uniper said it is in close contact with its banks and the German government with the goal of ensuring the company’s financial stabilisation. (Reporting by Matthias Inverardi, Writing by Miranda Murray, Editing by Rachel More)

MOSCOW (Reuters) – The Russian central bank said on Monday it had provided banks with 1 billion roubles ($17.64 million) at a one-year repo auction, as it seeks to help lending institutions manage their liquidity. The central bank will hold a one-month repo auction later on Monday, with the limit for both auctions set at …

Russian central bank sells 1 billion roubles at one-year repo auction Read More »

BERLIN (Reuters) – Embattled German utility Uniper said that how long a 2 billion euro ($2.02 billion) credit facility it drew down earlier Monday would depend on how the market develops. ($1 = 0.9879 euros) (Reporting by Matthias Inverardi, Writing by Miranda Murray, Editing by Rachel More)

By Tim Hepher and David Shepardson FARNBOROUGH, England (Reuters) -Boeing will seek to shore up its troubled 737 MAX 10 and 777X jetliners with orders officially worth over $15 billion from Delta Air Lines and Lufthansa this week, as the aerospace industry swelters at its largest event since COVID-19. Industry sources said the U.S. planemaker, …

Boeing set to ignite sweltering Farnborough Airshow Read More »