By Suban Abdulla and William Schomberg LONDON (Reuters) -British workers’ pay grew at the weakest pace since 2022 and the jobless rate nudged higher, according to official data on Tuesday which prompted expectations that the Bank of England could bring forward a cut in interest rates. However, Tuesday’s figures also suggested that a downturn in …
By Vera Dvorakova and Izabela Niemiec (Reuters) -Shares of Swedish gold trading platform Guldbrev Holding opened at 20.5 Swedish crowns ($2.15) per share on their market debut on the Nasdaq First North exchange on Tuesday, slightly above the 20 crowns they had been priced at during the heavily oversubscribed initial public offering (IPO). WHY IT’S …
Gold trading platform Guldbrev lists in Stockholm amid record high gold prices Read More »
(Corrects third paragraph of story from Monday, October 13 to reflect L&G has named a new CFO) LONDON (Reuters) – Britain’s Legal & General said on Monday it had hired finance and retail veteran Scott Wheway to become its new chairman from next May, succeeding John Kingman as the FTSE 100 insurer undergoes wider board …
Britain’s L&G hires Wheway as new chair, Kingman to step down Read More »
(Reuters) -London-based digital finance firm Revolut’s UK banking licence is being held up due to regulators’ concerns over whether its risk controls can keep pace with the rapid growth of its overseas operations, the Financial Times reported on Tuesday. Revolut received a UK banking licence with some restrictions in 2024, which was a step forward …
Revolut’s UK banking licence held up on concerns over global risk controls, FT reports Read More »
BERLIN (Reuters) -Shares in Volkswagen were trading 1.2% higher after markets opened on Tuesday, as the German automaker appeared to reassure investors over headwinds from tariffs and weakness in its luxury brands before releasing third-quarter results. “The company appeared to me to be comfortable with current market expectations for the quarter,” Pal Skirta, an analyst …
Volkswagen shares up as investors reassured in pre-close call Read More »
(Reuters) -British homebuilder Bellway raised its dividend and announced a 150-million-pound ($199.20 million) share buyback on Tuesday after its annual pretax profit beat expectations, buoyed by strong demand during the spring selling season. The group, however, has flagged a slower start to its new fiscal year, citing weak consumer sentiment and affordability concerns ahead of the …
British homebuilder Bellway raises dividend, launches buyback after upbeat annual profit Read More »
(Corrects hyperlink in paragraph 1) (Reuters) -British lender Close Brothers said on Tuesday it expects to take an additional charge of about 135 million pounds ($179.86 million) in relation to the motor finance mis-selling scandal, taking its total provision to about 300 million pounds. The additional provision is expected to reduce its Common Equity Tier …
Close Brothers lifts motor finance charge by about $180 million Read More »
(Reuters) -Emerging markets specialist investor Ashmore said on Tuesday its outflows declined further in the first quarter, as its core markets proved to be resilient against the traditionally inflated U.S. market amid global volatility. Wealth managers focused on emerging markets and the UK have emerged on the better-faring side of the market onslaught brought on …
UK’s Ashmore further narrows outflows on resilient emerging markets Read More »
BERLIN (Reuters) -German inflation rose slightly in September to 2.4%, the federal statistics office said on Thursday, confirming preliminary data. Inflation, or consumer prices harmonised to compare with other European Union countries, stood at 2.1% year-on-year in August. The statistics office gives more detailed monthly data on its website. (Reporting by Friederike Heine, editing by …
German final inflation confirmed at 2.4% in September Read More »
By Leo Marchandon and Noemie Naudin (Reuters) -French advertising firm Publicis on Monday raised its full-year organic growth forecast for the second time, highlighting artificial intelligence products as its main growth driver. “It is artificial intelligence that allows us to accelerate our clients’ growth and to accelerate our own,” CEO Arthur Sadoun said in a …
France’s Publicis says AI drives its growth, raises yearly forecast again Read More »
