LONDON (Reuters) -The Bank of England held interest rates at a 15-year peak on Thursday, as it kept up its fight against the highest inflation among the world’s big rich economies, and stressed that it did not expect to cut them any time soon. The Bank Rate was held at 5.25% for the second meeting …
Bank of England keeps rates at 15-year high, gilts rally Read More »
(Removes extraneous material in paragraph 14) By Harry Robertson LONDON (Reuters) -British bonds were on track for their best day in more than a month on Thursday and stocks jumped after the Bank of England held interest rates steady for a second consecutive meeting. Bonds and stocks were already trading higher after the Federal Reserve …
UK bonds, stocks surge as BoE keeps rates on hold Read More »
LONDON (Reuters) – British Prime Minister Rishi Sunak and U.N. Secretary-General Antonio Guterres agreed on the need to scale up delivery of humanitarian aid to Gaza, the prime minister’s office said on Thursday. “The leaders … discussed the worsening humanitarian situation in Gaza and agreed on the importance of urgently scaling up the delivery of …
UK’s Sunak and UN’s Guterres agree on need to scale up humanitarian aid to Gaza Read More »
By William Schomberg LONDON (Reuters) – The Bank of England looks set to hold borrowing costs at a 15-year high on Thursday and signal that it does not plan to cut them anytime soon as it remains locked in a battle against the most elevated inflation rate among the world’s rich economies. Despite strain in …
Bank of England set to keep rates at 15-year high despite slowdown signs Read More »
(Reuters) – Hikma Pharma on Thursday forecast core operating margin growth for its generics business at the upper end of its earlier guidance for this year, helped by strong revenue from its sodium oxybate generic drug. The drugmaker’s generics business is now expected to post core operating margin growth of around 20%, the top-end of …
UK’s Hikma sees margin growth at top end of outlook range for generics arm Read More »
By James Davey LONDON (Reuters) -British supermarket group Sainsbury’s forecast full-year profit at the upper half of previous guidance as it reported slightly better-than-expected flat profit for the first half, saying it was gaining volume from all its food competitors. The group, which has a 15% share of Britain’s grocery market, trailing only Tesco, also …
UK’s Sainsbury’s more confident on annual profit and well set for Christmas Read More »
(Reuters) -Haleon missed market estimates for third-quarter revenue on Thursday, as the world’s largest consumer healthcare firm grappled with weak demand for its painkillers, digestive health and vitamin supplements in North America. Consumer health companies and their essential, daily-use products are typically the last to face a demand impact by an economic slowdown, but high …
Advil maker Haleon misses revenue estimates as North America demand drags Read More »
(Reuters) -UK’s Smith+ Nephew on Thursday forecast annual revenue growth at the higher end of its guided range of 6-7% and named ad group WPP’s former finance boss John Rogers as its new chief financial officer. Strong sales from wound management and orthopaedics is likely to drive up underlying revenue growth for 2023, above analysts’ …
UK’s Smith+ Nephew expects rev growth at higher end of guidance; names new CFO Read More »
LONDON (Reuters) – Britain on Wednesday published a “Bletchley Declaration”, agreed with countries including the United States and China, aimed at boosting global efforts to cooperate on artificial intelligence (AI) safety. The declaration, by 28 countries and the European Union, was published on the opening day of the AI Safety Summit hosted at Bletchley Park, central …
Britain publishes ‘Bletchley Declaration’ on AI safety Read More »
By Huw Jones LONDON (Reuters) -PayPal has been registered to offer cryptoasset activities in Britain, the Financial Conduct Authority said on its website, as the global payments giant builds a post-Brexit base in Britain. While the crypto market in Britain awaits its first set of rules, companies that want to offer cryptoassets must show the …
PayPal gets crypto green light in UK as sets up post-Brexit base Read More »
