Bank of England Governor Bailey is scheduled to hold a press conference at 13:00GMT following the interest rate decision. Watch live below. ...
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By Andy Bruce, David Milliken and William Schomberg LONDON (Reuters) - Britain's banks need at least six months to prepare for any cut in interest rates below zero, the Bank of England said as it kept its stimulus programmes on hold ahead of what it hopes will be an economic recovery later this year. The pound jumped by more than half a...
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Philip Morris (NYSE:PM) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Philip Morris announced earnings per share of $1.26 on revenue of $7.44B. Analysts polled by Investing.com anticipated EPS of $1.21 on revenue of $7.38B. Philip Morris shares are up 1% from the beginning of the year and are trading at $80.25...
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Alexion (NASDAQ:ALXN) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Alexion announced earnings per share of $2.96 on revenue of $1.59B. Analysts polled by Investing.com anticipated EPS of $2.58 on revenue of $1.52B. Alexion shares are down 4.63% from the beginning of the year and are trading at $156.10 , down-from-52-week-high.They are...
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By Jan Schwartz and Christoph Steitz FRANKFURT (Reuters) - Europe needs to stump up cash to boost its chip industry, a board member of the continent's largest carmaker Volkswagen (DE:VOWG_p) said, pointing to a global semiconductor shortage that has highlighted dependence on foreign players. "We won't produce chips ourselves," Markus Duesmann, Volkswagen's board member in charge of research & development and head...
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By Ritvik Carvalho LONDON (Reuters) - Sterling fell to its weakest in two and a half weeks against the dollar on Thursday before a Bank of England meeting on caution about the possibility of negative rates, although a majority of analysts do not expect them to be introduced anytime soon. Money market pricing shows the likelihood of negative rates being introduced as...
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LONDON (Reuters) - Britain's media regulator on Thursday revoked China Global Television Network's (CGTN) licence to broadcast after it concluded that the Chinese Communist Party had ultimate editorial responsibility for the channel. "Our investigation showed that the licence for China Global Television Network is held by an entity which has no editorial control over its programmes," Ofcom said. "We are unable to...
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By Geoffrey Smith Investing.com -- It might be expecting a bit too much from a Finn in the middle of a six-month winter to join in a chorus of “to the moon!!!” but the message from Nokia (NYSE:NOK) on Thursday is really not one that deserves rocket-ship emojis. The Finnish maker of telecoms equipment, whose last hot streak was back in the 1990s, has...
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By Paul Sandle LONDON (Reuters) - BT called for British government support on business rates and a new deal from the regulator to allow billions of pounds of investment in fibre to drive a post-COVID recovery. The country's biggest broadband and mobile operator has been making its case to Ofcom, which will publish...
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By Julie Zhu, Yingzhi Yang and Kane Wu (Reuters) - Ant Group Co plans to spin off its consumer-credit data operations, people with knowledge of the matter said, a concession to aggressive regulators that should help the Chinese fintech giant get its massive public share sale back on track. Hiving off the treasure trove of data on more than 1 billion...
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