8:00 - 19:00

Working hours MON. - FRI.

 

News

UK inflation sleeping not dead, says BoE’s Haldane By Reuters

LONDON (Reuters) - Inflation risks in Britain's economy are sleeping, not dead, and the economy is likely to recover robustly this year, Bank of England chief economist Andy Haldane said in an interview published on Wednesday. "You can never speak of inflation being dead; it's only ever sleeping. And therefore to think you’ve somehow tamed the beast forever would be fanciful," Haldane...

Continue reading

Low corporation tax not the best way to attract investment, Sunak says By Reuters

LONDON (Reuters) - Low corporation tax rates might not be the best way to attract capital investment, British finance minister Rishi Sunak said on Wednesday after announcing the country's first hike to the rate in nearly half a century. Sunak said that the decision to hike corporation tax to 25% from 19% was no judgment on the merits of his Conservative...

Continue reading

Stellantis waiting for UK government support on Vauxhall plant – report By Reuters

PARIS (Reuters) - Any investment by carmaker Stellantis in its Vauxhall plant is dependent on support from the British government for the operation, Chief Executive Carlos Tavares said on Wednesday in an interview with Les Echos newspaper. "An investment of this type, on top of what is already planned for continental Europe, does not make industrial sense as we have enough capacity...

Continue reading

Volkswagen CEO tweets, Musk-style, on market-cap milestone By Reuters

By Thyagaraju Adinarayan and Christoph Steitz LONDON/FRANKFURT (Reuters) - When the market value of Germany's Volkswagen (DE:VOWG_p) briefly rose above the 100-billion-euro mark on Wednesday for the first time since 2015, the boss of the normally staid carmaker took to Twitter, Elon Musk-style, to crow about it. VW shares soared as much as 6% after investment bank UBS raised its price target...

Continue reading

Britain eyes London as global carbon offset market hub By Reuters

By Susanna Twidale LONDON (Reuters) - Britain is taking steps to establish London as a global hub for the trade of voluntary carbon offsets, finance minister Rishi Sunak said on Wednesday. The market for carbon offsets is expected to soar over the next few years as companies seek to buy carbon credits to help meet their climate targets and compensate for emissions...

Continue reading

ECB’s Weidmann Says Size of Yield Increases Not Too Worrying By Bloomberg

(Bloomberg) -- The recent rise in euro-area bond yields isn’t yet particularly worrying, according to European Central Bank Governing Council member Jens Weidmann. At the same time, the Frankfurt-based institution stands ready to ramp up the pace of buying under its Pandemic Emergency Purchase Program if needed, he said, stressing that officials are committed...

Continue reading

Be creative in keeping City of London competitive, UK govt tells Bank of England By Reuters

LONDON (Reuters) - Brexit is opening a new chapter for Britain to think "creatively" about keeping the UK an attractive location for international financial services companies, Britain's finance minister Rishi Sunak told the Bank of England. Britain left the EU's single market on Dec. 31 and its trade deal with the bloc does not cover cross-border financial services. "This will present...

Continue reading

Dollar Tree Earnings beat, Revenue misses In Q4 By Investing.com

Dollar Tree (NASDAQ:DLTR) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations. Dollar Tree announced earnings per share of $2.13 on revenue of $6.77B. Analysts polled by Investing.com anticipated EPS of $2.12 on revenue of $6.8B. Dollar Tree shares are down 8.41% from the beginning of the year and are trading...

Continue reading

Biggest Inflation-Hedged ETF Suffers Record $944 Million Outflow By Bloomberg

(Bloomberg) -- The world’s biggest inflation-protected bond ETF has been hit by its largest outflow on record, the latest sign that the cross-asset reflation frenzy is cooling. Investors just pulled $944 million from BlackRock Inc.'s (NYSE:BLK) $26.3 billion iShares TIPS exchange-traded fund (NYSE:TIP), according to data compiled by Bloomberg. That’s by far the largest withdrawal in the more than 17-year history of the product,...

Continue reading
en_GBEnglish