(Reuters) - 1/BREXIT AND BOE When the Bank of England announced a 150 billion pound increase in stimulus last month, it probably didn't anticipate acting again soon. If a Brexit trade deal had been signed by now, as expected, that would have been sufficient to shield the economy. But it hasn't quite gone that way. Another Brexit deadline looms...
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By Sarah Young LONDON (Reuters) -British engineering company Rolls-Royce (LON:RR) downgraded this year's cash outflow forecast and warned of a challenging outlook as the slump in air travel continues. But the company stuck to its guidance to turn cash flow positive during the second half of next year, saying that its deep cost-cutting plans were on track and would help turn...
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BERLIN (Reuters) - German Economy Minister Peter Altmaier promised to investigate after it emerged that the head of the body that regulates auditors had traded in Wirecard stock just weeks before the payment services company collapsed amid massive fraud allegations. As head of audit regulator APAS, Ralf Bose was responsible for regulating EY, which audited Wirecard's accounts for years until it collapsed following...
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Investing.com – India equities were higher at the close on Friday, as gains in the Public Sector Undertakings, Oil & Gas and Power sectors propelled shares higher. At the close in NSE, the Nifty 50 gained 0.26%, while the BSE Sensex 30 index added 0.30%. The biggest gainers of the session on the Nifty 50 were Oil And Natural Gas Corporation...
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LONDON (Reuters) - Bank of England Governor Andrew Bailey said on Friday that the COVID-19 pandemic and the coming shift in trading arrangements between Britain and the European Union were downside risks to financial system. "Although there have been encouraging developments on vaccines, the (Financial Policy Committee), consistent with its remit, is focused on the range of downside risks that remain," Bailey said...
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LONDON (Reuters) - Britain said on Friday it would cut the self-isolation period for COVID-19 to 10 days from 14, in a change which will apply to both those presumed to have been in contact someone with the virus within the country, and those arriving from abroad. The shorter self-isolation period will begin from Dec. 14 and apply in England, Scotland...
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LONDON (Reuters) - Britain's Heathrow Airport, which during the pandemic has lost its crown as the busiest airport in Europe, posted an 88% fall in passenger numbers in November and said one of its terminals would stay shut until the end of next year. The pandemic has choked air travel and ongoing restrictions across the world along with England's second lockdown in November...
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LONDON (Reuters) - Black employees at Lloyds (LON:LLOY) are paid nearly a fifth less on average than their colleagues, according to an ethnicity pay gap report published by the bank on Friday. The median pay gap for Black staff was 19.7% this year, while the gap for all Black, Asian and Minority Ethnic...
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By Peter Nurse Investing.com - U.S. stocks are seen opening lower Friday, as lawmakers continue to prevaricate over a new coronavirus relief package while the economic outlook weakens. At 7:05 AM ET (1205 GMT), the Dow Futures contract fell 223 points, or 0.7%, S&P 500 Futures traded 30 points, or 0.8%, lower, and Nasdaq 100 Futures dropped 95 points, or 0.8%. These cash...
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By Huw Jones LONDON (Reuters) - The Bank of England said on Friday it would review the test that borrowers must pass if they want a mortgage, raising the prospect of obtaining home loans more easily. The BoE introduced a tougher "affordability" test in 2014 to ensure that borrowers do not become a...
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