Reuters UK Business

By William Schomberg and Andy Bruce LONDON (Reuters) -Fast-rising inflation is pushing up the British government’s debt interest bill sharply, limiting finance minister Rishi Sunak’s options to help ease a cost-of-living squeeze when he delivers his budget next month. Data published on Tuesday showed a smaller-than-usual budget surplus in January, a month when income-tax revenues …

UK’s mounting inflation bill curbs Sunak’s leeway for budget Read More »

(Reuters) – Britain’s biggest retail stockbroker Hargreaves Lansdown reported a 20% drop in half-year profit on Tuesday, hurt by easing market volatility following a year of retail trading frenzy, sending its shares 13.6% lower in early trade. The British fund supermarket reported net additions of 48,000 clients, compared with 84,000 a year earlier. Still, assets …

UK’s Hargreaves profit slides on easing market volatility, shares sink Read More »

By Simon Jessop and Jan Strupczewski BRUSSELS (Reuters) – The European Commission will unveil on Wednesday a proposal to make large companies operating in the European Union check that their suppliers from around the world do not use slave or child labour and that they respect environmental standards, a draft of the law showed. The …

EU draft law would require firms to check suppliers for human rights, environmental ethics Read More »

LONDON (Reuters) – Tech-dominated “growth” stocks are still not cheap despite some sharp falls over the last six months, analysts at U.S. investment bank JPMorgan cautioned on Monday. The so-called FAANGs have seen some of their COVID-era surges cut back this year, with Facebook down 38%, Apple down 5.7%, Amazon down 8.5% and Netflix and …

‘Growth’ stocks still not cheap, cautions JPMorgan Read More »

(Reuters) -Barclays Plc is preparing to name Anna Cross as group chief financial officer in the coming months, the first woman to be appointed to the role, Sky News reported on Monday. Cross will replace Tushar Morzaria, who has held the role since 2013. The Sky News report did not say why Morzaria is stepping …

Barclays lines up Anna Cross as first female finance chief – Sky News Read More »

By Huw Jones LONDON (Reuters) – Requiring regulators to keep the financial sector globally competitive following Brexit must not bring back the damaging booms and busts of the past, a senior Bank of England official said on Monday. Britain’s finance ministry has said it will add a formal objective for the central bank and the …

Don’t create booms and busts with post-Brexit reforms, Bank of England says Read More »

By Huw Jones LONDON (Reuters) -The European Union’s 19 trillion euro ($21.6 trillion)investment funds industry is failing to exploit the bloc’s single market, saddling investors with high costs and opaque selling practices, the European Court of Auditors said in a critical report on Monday. A full review of EU investment fund rules is needed by …

EU investment funds need overhaul to exploit single market, says report Read More »