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Bank of England urges banks to keep the lending taps open By Reuters

LONDON (Reuters) - The Bank of England called on lenders on Friday to provide enough credit to companies to see them through the coronavirus crisis as the government prepares to scale back its lending guarantee schemes. "It is in banks’ collective interest to continue to support viable, productive businesses, rather than seek to defend capital ratios by cutting lending, which would...

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UK’s Octopus Energy to acquire sister renewables company By Reuters

By Nina Chestney LONDON (Reuters) - British energy supplier Octopus Energy Group said on Friday it would acquire its sister company and clean energy investor Octopus Renewables, making it one of the biggest renewables operators and investors in Europe. Octopus Energy Group did not give a value for the deal, but said it would manage Octopus Renewables’ European portfolio of assets, worth...

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Commodity gains push European stocks to 1-week high By Reuters

(Reuters) - European stocks rose on Friday, helped by gains in commodity-linked companies as investors balanced worries about surging coronavirus cases with the prospect of a strong U.S. economic recovery. The pan-European STOXX 600 index rose 0.8% by 0810 GMT, hitting a one-week high. The benchmark was on course for its fourth straight weekly rise. Mining and oil & gas stocks were...

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Recovery optimism pushes UK stocks higher; Smiths Group shines By Reuters

(Reuters) - British shares rose on Friday as higher February retail sales added to global economic recovery optimism, while Smiths Group (LON:SMIN) jumped after reporting better-than-expected half-year profit. The blue-chip FTSE 100 index was up 0.7%, with mining stocks including Rio Tinto (LON:RIO), Anglo American (LON:AAL) and BHP Group gaining between 2.3% and 2.6%. [MET/L] Oil...

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United Internet AG Earnings, Revenue miss in Q1 By Investing.com

United Internet AG reported on Friday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations. United Internet AG announced earnings per share of €0.22 on revenue of €1.38B. Analysts polled by Investing.com anticipated EPS of €0.6281 on revenue of €1.41B. United Internet AG shares are down 0% from the beginning of the year and...

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Engineering firm Smiths Group sees better second half after profit beat By Reuters

(Reuters) - Smiths Group (LON:SMIN) on Friday forecast improving trends for the second half of the fiscal year after the British engineering firm reported a better-than-expected profit and added that it was on track to separate its medical unit by the fourth quarter. The company, whose baggage screening kit and explosive detectors are a common sight in airports, said headline...

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