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More QE not necessarily BoE’s first choice, Broadbent says By Reuters

LONDON (Reuters) - Buying more government bonds may not be the Bank of England's first choice if it needs to provide further stimulus to Britain's economy, Deputy Governor Ben Broadbent said on Friday, after the BoE asked banks to be prepared for negative rates. Broadbent said in an interview with CNBC that he did not want technical barriers to stop the BoE...

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Sterling on track for fourth week of gains after BOE statement By Reuters

By Joice Alves LONDON (Reuters) - Sterling edged higher against the dollar and the euro on Friday after the Bank of England avoided sub-zero rates for now, putting the pound on track for its fourth week of gains versus the dollar. Focusing on the prospects for a post-lockdown rebound, the Bank of England gave British lenders at least six months of breathing...

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UK fraud office loses Supreme Court case against KBR over overseas documents By Reuters

LONDON (Reuters) - The UK Serious Fraud Office (SFO) on Friday lost a Supreme Court case against U.S. engineering, procurement and construction company KBR Inc over whether it has the power to compel foreign businesses to hand over documents held overseas. In a judgment that will hamper cross-border criminal investigations, senior judges said they unanimously disagreed with a 2018 lower court ruling...

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Former Gatwick owner joins Blackstone, Cascade for Signature Aviation bid By Reuters

(Reuters) - The former owner of London's Gatwick Airport has joined forces with Blackstone (NYSE:BX) and Bill Gates' Cascade to bid for Signature Aviation in an offer valuing the private jet services firm at $4.73 billion, the companies said on Friday. The cash offer of $5.62 is to buy all of Signature's shares other than the 19.01% owned by or controlled by...

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Energy prices set to soar for millions of Britons from April By Reuters

By Susanna Twidale LONDON (Reuters) - Energy prices for millions of Britons will likely rise from April after the energy regulator said it would increase its cap on the most widely used tariffs by around 9.2%. A cap on electricity and gas bills came into effect in January 2019 and was aimed at ending what former British Prime Minister Theresa May called...

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British retailer French Connection receives takeover approaches By Reuters

LONDON (Reuters) - Struggling British fashion retailer French Connection is in takeover talks with two possible suitors, it said on Friday. The group said it had received one approach from Spotlight Brands in conjunction with Gordon Brothers International and another from Go Global Retail in conjunction with HMJ International Services Ltd. French Connection said the talks were at a very early...

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