By Guy Faulconbridge and Kate Holton LONDON (Reuters) - Britain said on Thursday that global supply bumps meant its vaccine roll-out would be slower than hoped in coming weeks but it expected deliveries to increase again in May, June and July. British health officials warned on Wednesday that the world's fastest big economy...
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LONDON (Reuters) - Britain's Serious Fraud Office (SFO) said on Thursday it had closed its criminal investigation into the UK subsidiaries of KBR Inc, a U.S.-listed engineering, procurement and construction company after a "thorough investigation". "The evidence in this case did not meet the evidential test as defined in the code for crown prosecutors," it said in a brief statement. ...
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By Joice Alves LONDON(Reuters) - Sterling edged higher against the euro on Thursday ahead of a Bank of England meeting expected to maintain the central bank's 895 billion-pound bond-buying programme, but it stabilised against the dollar amid a rise in bond yields. The pound rose 0.3% to 85.51 pence at 0945 GMT. It was flat against the dollar at $1.3963, after touching...
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By Brenna Hughes Neghaiwi and Rachel Armstrong ZURICH (Reuters) - Credit Suisse (SIX:CSGN) is overhauling its asset management business amid regulatory investigations into its dealings with collapsed Greensill Capital, the bank said on Thursday, warning the scandal could hit its results and client confidence. Switzerland's second-biggest bank and its asset...
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By Muvija M (Reuters) - National Grid (LON:NG) will buy England's largest electricity distribution business WPD from U.S.-based PPL for 7.8 billion pounds ($10.9 billion) as it positions itself for a climate-driven transition from gas to electric power. London-listed National Grid, which took over the English and Welsh power networks in 1990, also said on Thursday it would sell Rhode...
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By Tony Munroe and Pei Li (Reuters) - On Tuesday, Chinese livestreaming e-commerce came under scrutiny. On Thursday, it was "deepfakes". And earlier this month, Chinese authorities imposed fines on operators of community group buying platforms. Beijing is making good on its threats to clamp down on the sprawling "platform economy", with President...
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(Reuters) - UK stocks rose on Thursday, led by a rally in mining and bank stocks, while investors looked to the Bank of England's policy meeting for forecasts around the pace of Britain's economic recovery from the COVID-19 pandemic. The blue-chip FTSE 100 index climbed 0.1%, with mining stocks including Rio Tinto (LON:RIO), Glencore (LON:GLEN) Plc and BHP...
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LONDON (Reuters) - Portugal will welcome British tourists from May 17 if they have a vaccination certificate or evidence of a recent negative COVID-19 test, said the country's tourism minister, adding to hopes for a travel recovery in Europe this summer. "We do hope to welcome all British holidaymakers from May 17," Portugal's tourism minister Rita Marques told BBC Radio on...
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By Samuel Indyk Investing.com – The Bank of England is set to announce its latest monetary policy decisions on Thursday at 12:00GMT. Released alongside the decision will be the minutes from the meeting which will show how members of the Monetary Policy Committee (MPC) voted on interest rates and the bond buying programme. The Committee is expected to vote 9-0 to keep both...
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LONDON (Reuters) - British Airways-owner IAG (LON:ICAG) said it planned to raise about 1 billion euros ($1.20 billion) through a bond issue, strengthening its finances to help it survive the pandemic in case the travel downturn lasts longer than expected. Airlines are counting on a travel restart this summer after a year of minimal income due to restrictions, but rising case...
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