LONDON (Reuters) – The Bank of England raised interest rates to 0.5% on Thursday and nearly half of its policymakers wanted a bigger increase to contain rampant price pressures, as the British central bank warned inflation will soon top 7%. In a surprise split decision, four of the nine members of the Monetary Policy Committee …
Bank of England hikes rates to contain inflation; pound jumps Read More »
By Emma-Victoria Farr LONDON (Reuters) – Credit Suisse has hired a senior Oliver Wyman adviser as vice chairman of investment banking and capital markets, according to a memo seen by Reuters. A bank spokesperson confirmed the appointment. The Swiss bank, which has suffered a string of scandals and a recent leadership overhaul, has appointed Michael …
Credit Suisse hires Oliver Wyman adviser as investment banking vice chair – memo Read More »
LONDON (Reuters) – Bank of England Governor Andrew Bailey and other top officials from the British central bank were speaking to reporters on Thursday after they raised the BoE’s benchmark interest rate for the second time in two months, taking it to 0.5%. GOVERNOR ANDREW BAILEY ON FURTHER RATE INCREASES: “The MPC judges that if …
BoE’s Bailey: do not assume long march upwards for rates Read More »
LONDON (Reuters) – British Prime Minister Boris Johnson said on Thursday he hoped that inflationary pressure would subside once the world economy regained momentum and global supply chain problems eased. “What I hope and believe is eventually, as the world economy gets its momentum back, the inflationary pressures will start to subside,” Johnson told reporters. …
UK PM Johnson: I hope inflation will ease once global economy picks up Read More »
By Valentina Za and Giuseppe Fonte MILAN (Reuters) – The board of state-owned Italian bank Monte dei Paschi (MPS) will meet on Monday to discuss the future of Chief Executive Guido Bastianini, after sources said his position was at risk. Sources close to the matter told Reuters on Sunday that Italy’s Treasury, which owns 64% …
Monte dei Paschi to decide CEO’s future on Monday Read More »
FRANKFURT (Reuters) – The European Central Bank kept policy unchanged as expected on Thursday, curbing stimulus over the coming months but maintaining plenty of support for the economy even after inflation unexpectedly hit a fresh record high. After the ECB extended support measures only in December, policy change was not expected to be on the …
ECB keeps policy unchanged as expected despite record inflation Read More »
FRANKFURT, Feb 3 (Reuters) – Following is the statement from the European Central Bank following its policy meeting. The Governing Council confirmed the decisions taken at its monetary policy meeting last December. Pandemic emergency purchase programme (PEPP) In the first quarter of 2022, the Governing Council is conducting net asset purchases under the PEPP at …
By Juliette Portala (Reuters) -Compass Group, the world’s largest catering firm, said on Thursday its first-quarter revenue was near pre-pandemic levels and stuck to its annual forecast, lifting its shares. The British company, which serves office workers, students, old-age homes and armed forces across 45 countries, said four of its five main business sectors had …
Caterer Compass feeds share price rise with strong revenue recovery Read More »
LONDON (Reuters) – Sterling rose to its highest level in two years versus the euro on Thursday while gilt yields shot higher after the Bank of England raised its benchmark interest rate to 0.5% to contain rampant price pressures. The majority of the nine members of the Monetary Policy Committee, including Governor Andrew Bailey, voted …
Sterling surges, yields jump after cbank raises interest rates Read More »
LONDON (Reuters) – Hackers are hitting Britain where it hurts by targeting some of its favourite savoury snacks, with the likes of Hula Hoops, KP Nuts, Butterkist popcorn and Nik Naks in their cyber sights. The company behind those brands, KP Snacks, has revealed it has been hit by a cyber-attack which could hit supplies …
Hackers hold Hula Hoops hostage in cyber-raid on Britain’s KP Snacks Read More »
