GO
Loading...

United Kingdom

More

  • GLOBAL MARKETS-German survey props up European shares Thursday, 23 Oct 2014 | 4:59 AM ET

    *Mixed morning in Europe after Asia shares slide. LONDON, Oct 23- Stock markets in Europe recovered from a poor start on Thursday after a batch of more optimistic than expected surveys of German and euro zone purchasing managers leavened an otherwise shaky mood. Concerns over growth, banks and a beckoning era of deflation in Europe were at the heart of a stock...

  • *Michelin, Unilever fall, flag weak EM demand. Michelin and Unilever cited poor demand from emerging markets as the former cut its full-year revenue goal and the latter reported weaker-than-expected quarterly sales. Unilever's London- listed shares were down 2.4 percent, while Michelin shed 3.6 percent.

  • European economic survey in surprise improvement Thursday, 23 Oct 2014 | 4:33 AM ET

    LONDON— A stronger than anticipated European economic survey has raised hopes in the markets that the recent slowdown may be coming to an end. Financial information company Markit says Thursday that its composite purchasing managers' index for the 18- country eurozone— a broad gauge of business activity— rose to 52.2 points in October from 52.0 in September.

  • Tesco chair resigns after accounting scandal Thursday, 23 Oct 2014 | 4:25 AM ET

    LONDON— The chairman of Tesco, the world's second-biggest retailer behind Walmart, has resigned amid an accounting scandal in which the company admitted it had overstated its profits. Richard Broadbent announced his resignation Thursday as the company reported a 99 percent drop in first-half net income to 6 million pounds. Tesco launched an investigation...

  • LONDON, Oct 23- European stocks fell early on Thursday as weak results from French tyre-maker Michelin and consumer goods group Unilever added to a subdued tone for global equities overnight. Unilever fell 3 percent in London by 0705 GMT after it reported a weaker-than-expected 2.1 percent rise in third-quarter sales on Thursday as a slowdown in emerging...

  • DIARY - Top economic Events to Nov 4 Wednesday, 22 Oct 2014 | 8:01 PM ET

    Treasury Under Secretary David Cohen speaks on "Disrupting ISIL's Money Trail" before the Carnegie Endowment for International Peace in Washington- 1400 GMT. LONDON- Bank of England Deputy Governor Ben Broadbent gives a speech on monetary policy outlook to Society of Business Economists- 0805 GMT. OTTAWA- Bank of Canada Governor Stephen Poloz and Senior...

  • Wall Street fell as Boeing Co and Biogen Idec tumbled after their results disappointed investors, the two biggest drags on the S&P 500.. The retreat on Wall Street pulled MSCI's gauge of global equity performance lower, but European stocks closed higher, largely driven by earnings. GlaxoSmithKline rose 2.6 percent in London after saying it expects an Ebola...

  • As virus spreads, insurers exclude Ebola from new policies Wednesday, 22 Oct 2014 | 12:31 PM ET

    As a result, new policies and renewals will become costlier for companies opting to insure business travel to West Africa or to cover the risk of losses from quarantine shutdowns at home, industry officials told Reuters. "What underwriters are doing at the moment is they're generally providing quotes either excluding or including Ebola- and it's much more...

  • METALS-Copper pressured by strong dollar, growing supplies Wednesday, 22 Oct 2014 | 12:23 PM ET

    *China copper output up 4.9 pct in Sept, new record. *LME week industry gathering continues in London. LONDON, Oct 22- Copper prices edged lower on Wednesday, pressured by a rise in the dollar against the euro and concerns about growing supplies in the market, though prospects of fresh monetary policy measures in Europe and China limited falls.

  • *Exploring IPO of minority stake in ViiV Healthcare. LONDON, Oct 22- GlaxoSmithKline, battered by weak U.S. drug sales and a bribery scandal in China, is looking to float its fast-growing HIV drugs business as part of a recovery plan that includes a fresh round of cost cutting. As a standalone company ViiV Healthcare would be among the top 40 companies in London's...

  • UPDATE 2-Total names refining boss to replace de Margerie Wednesday, 22 Oct 2014 | 11:38 AM ET

    PARIS, Oct 22- French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week. The world's fourth largest oil company also named Thierry Desmarest, a former Total CEO, as non-executive chairman. Total's choice of a man from the downstream business...

  • Both Yahoo Inc and Broadcom beat revenue expectations late Tuesday, putting the benchmark S&P 500 on track for its biggest five-day rally since December 2011. Yahoo rose 5.9 percent, Broadcom jumped 6.8 percent and GlaxoSmithKline rose 3.6 percent in London after saying it expects a vaccine against Ebola to be ready later this year. Both Yahoo and Broadcom...

  • *Libyan official calls for OPEC output cut. "The large crude oil build is the dominant feature of the report, making it bearish overall," said John Kilduff, partner at Again Capital LLC in New York. Brent has tumbled from $115 in June on abundant supply and concerns that slowing economic growth in Europe and China would hit oil demand.

  • EDINBURGH, Oct 22- European shares nudged higher on Wednesday, supported by a raft of positive corporate earnings and mild inflation data from the United States which may encourage the U.S. However, the session was volatile, with euro zone banks under pressure after Spain's Efe news agency reported that several European lenders might fail EU bank stress tests.

  • *Exploring IPO of minority stake in ViiV Healthcare. LONDON, Oct 22- GlaxoSmithKline, battered by weak U.S. drug sales and a bribery scandal in China, set out a bold recovery plan on Wednesday, including an initial public offering of part of its fast-growing HIV and AIDS drugs business. As a standalone company ViiV Healthcare would be among the top 40 companies in...

  • BUSINESS-NEWS-SCHEDULE AT 1230 GMT / 8.30 AM ET Wednesday, 22 Oct 2014 | 9:05 AM ET

    LONDON- European shares slip and the euro hit a one-week low as reports that at least 11 banks could fail a region-wide financial health check this weekend offset hopes of corporate bond buying by the ECB. MADRID/ VIENNA- The European Central Bank cautions against speculation over the outcome of its stress tests after a media report says at least 11 banks have...

  • STRASBOURG, France, Oct 22- The European Union will have a new executive in place next month led by Jean-Claude Juncker following its approval in a vote by the European Parliament on Wednesday. Addressing the chamber before his European Commission was approved by 423 votes to 209, the former Luxembourg premier warned that voters were losing patience with EU...

  • Oct 22- With the closest known U.S. cases of Ebola diagnosed about 160 miles away in Dallas, Cary Griffin is taking no chances. For many, the three cases of Ebola diagnosed in the United States so far since late September represent a new potential disaster and a reason to run to the store. Chad Huddleston, an anthropologist at the University of Southern Illinois at...

  • LONDON, Oct 22- Sterling and the euro suffered in another choppy day on currency markets on Wednesday, the single currency trading briefly below $1.27 for the first time in a week after a news report that raised concerns over European banks. That followed a Reuters report on Tuesday that the European Central Bank was looking at buying corporate bonds to add to the...

  • PARIS, Oct 22- French oil major Total on Wednesday appointed refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman. The nominations at the head of the world's fourth-largest integrated oil company came less than 48 hours after the brutal death of Chairman and CEO Christophe de Margerie in a plane crash...