LONDON (Reuters) – Bank of England Deputy Governor Jon Cunliffe said the crisis triggered by Russia’s invasion of Ukraine would add to the risks already raised by a shift to higher interest rates which has led to sharp moves in financial markets. “The heightened perception of geopolitical risks, and the potential impacts on growth and …
BoE’s Cunliffe says Russia crisis will add to risks from rates shift Read More »
LONDON (Reuters) -The surge in energy prices caused by Russia’s invasion of Ukraine will hurt British economic growth as well as raising short-term inflation pressures, Bank of England policymaker Silvana Tenreyro said on Wednesday. Tenreyro said it was too soon to know how the trade-off would play out, and that policymakers would begin to review …
Ukraine invasion worsens UK inflation trade-off – BoE’s Tenreyro Read More »
CHICAGO (Reuters) -General Electric Co on Wednesday said it has temporarily paused support of airlines in Russia to be consistent with the sanctions imposed by the United States, the United Kingdom and the European Union. The Boston-based company did not specify what support it was pausing and did not immediately respond to a request for …
GE says it temporarily paused support of airlines in Russia Read More »
(Reuters) – London-focused office-space provider Workspace Group said on Wednesday it plans to buy commercial property firm McKay Securities for about 272 million pounds ($361.7 million) amid a shift to hybrid working as economies open up. The cash-and-stock deal values each of McKay’s share at 297 pence, Workspace said, with each McKay shareholder getting 209 …
Workspace to buy McKay Securities for $362 million Read More »
LONDON (Reuters) – Russia’s invasion of Ukraine will not have a dramatic impact on airline bookings in eastern Europe so long as the war does not escalate and spread, Ryanair boss Michael O’Leary said on Wednesday. Asked about the impact of the war on demand to fly to and around eastern Europe, O’Leary told reporters: …
Ryanair’s O’Leary says bookings can withstand Ukraine crisis Read More »
(Reuters) – Sterling edged higher against the euro on Wednesday, with investors focusing on market bets about UK and euro zone rate hikes amid concerns about the economic impact of the war in Ukraine. The pound lost ground versus a rising dollar as investors continued to rush into safe-haven assets. News about the conflict dampened …
Sterling edges higher vs euro, focus on repricing of rate hikes Read More »
By Tom Sims and Carolyn Cohn FRANKFURT/LONDON (Reuters) – European banks traded lower on Wednesday after two days of steep losses to hit their lowest in nearly 11-months as the crisis in Ukraine drags on, and after the European arm of Russia’s Sberbank was forced to close. An index of leading European bank stocks was …
European bank shares slide further; Russia’s Sberbank exits Europe Read More »
LONDON (Reuters) -The next 12 months will be “very difficult” for most airlines after Russia’s invasion of Ukraine pushed up oil prices above $100 a barrel, Ryanair boss Michael O’Leary said on Wednesday as he reassured that the Irish airline was comfortably hedged. “I think it’s going to be very difficult for most airlines for …
Ryanair boss predicts tough months ahead as war pushes up fuel prices Read More »
By Yoruk Bahceli (Reuters) – Euro zone bond markets stabilised on Wednesday after a dramatic repricing a day earlier, when traders slashed their bets on ECB rate hikes this year, coming to terms with the economic implications of Russia’s invasion of Ukraine. Euro zone money markets are now pricing in less than 20 basis points …
Euro zone bonds stabilise after slashing ECB rate hike bets Read More »
(Reuters) – UK’s FTSE 100 rose on Wednesday, bucking a gloom in global markets, as commodity-linked stocks surged along with a jump in oil and metal prices as the Ukraine crisis fans fears about supply shortages. The commodity-heavy FTSE 100 rose 0.8% by 0827 GMT, while UK’s midcap index climbed 0.7%. Oil majors Shell and …
FTSE 100 bucks global gloom as commodity stocks surge Read More »
