(Reuters) - British Steel Chief Executive Officer Ron Deelen is poised to resign from his position, the Financial Times reported on Tuesday. Deelen will retire from the second-largest UK steelmaker at the end of the month to pursue new plans, the report said https://on.ft.com/38PxJX9, citing people familiar with the matter. ...
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LONDON (Reuters) - Britons could see around 1.4 billion pounds ($1.9 billion) of their energy payments returned under new proposals from regulator Ofgem that would limit the amount of credit suppliers can hold onto. Typically, households pay fixed monthly direct debits for their energy supply, with credit built up over the summer months when consumption is lower and then run down in...
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BUDAPEST (Reuters) - Manchester City marched into the quarter-finals of the Champions League for the fourth straight season after a 2-0 win over Borussia Moenchengladbach on Tuesday that completed a 4-0 aggregate victory. First-half goals from Kevin De Bruyne and Ilkay Gundogan secured a comfortable victory in another impressive display from Pep Guardiola's...
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By John McCrank NEW YORK (Reuters) - The recent trading frenzy around GameStop Corp (NYSE:GME) and other so-called "meme" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday. "The regulatory structure of the U.S. equity markets, in my mind, is flawed," Jeff Sprecher, chief executive of New York...
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By Costas Pitas LONDON (Reuters) - Uber (NYSE:UBER) will give workers' rights, including the minimum wage, from Wednesday to all of its more than 70,000 British drivers after the ride-hailing app lost a Supreme Court case last month in a blow to gig economy companies and a victory for unions. In a case led by two former Uber drivers, an employment tribunal...
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(Reuters) - Facebook Inc (NASDAQ:FB) said on Tuesday it was launching a corporate human rights policy and a fund aimed at supporting human rights defenders facing online threats. Facebook said the fund, the size of which was not disclosed, will provide offline aid to the defenders facing critical threats, and support new digital security efforts beginning in Asia later this...
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Investing.com – U.K. equities were higher at the close on Tuesday, as gains in the Fixed Line Telecommunications, Pharmaceuticals & Biotech and Real Estate Investment Trusts REITs sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 added 0.83%. The biggest gainers of the session on the Investing.com United Kingdom 100 were British Land Company...
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(Reuters) - JPMorgan Chase & Co (NYSE:JPM) is planning to have its summer interns working from offices in London and New York City, a person familiar with the matter said on Tuesday. The bank is expecting interns in sales and trading and investment banking segments to join office around June when the internship program begins, the person said, but cautioned that the...
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By Yasin Ebrahim Investing.com – The Dow snapped a five-day winning streak Tuesday on weakness in cyclical stocks, while tech gave up some gains after U.S. bond yields bounced off lows as investors fretted over the Federal Reserve's decision due Wednesday. The Dow Jones Industrial Average fell 0.39%, or 127 points, the S&P 500 was down 0.2% after hitting a record intraday high of...
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Anthony Cheung of AmplifyLIVE discusses the upcoming Federal Reserve interest rate decision with Samuel Indyk of UK.investing.com. They discussed what is expected on interest rates and the asset purchase program, how the Federal Reserve Chairman Jerome Powell might address the move in yields and whether the Fed’s Dot Plot and Summary of Economic Projections will show any change. The two also discussed the...
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