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Analysis: Brexit trade deal sparks relief but UK market will bear scars

By Tommy Wilkes LONDON (Reuters) - Britain's trade agreement with the European Union removes a 4-1/2-year old fear of crashing out of the bloc without trading arrangements in place, but it will take UK financial markets years to lose their Brexit-inflicted scars. The "no-deal Brexit" risk has weighed on Britain's growth and investment...

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Ex-Japan PM Abe says sorry over political funding case

By Yoshifumi Takemoto TOKYO (Reuters) - Former Japanese Prime Minister Shinzo Abe on Thursday apologized for denying allegations that his office may have possibly violated Japan's strict political funding laws and admitted he was unaware what his office had done. Abe said he will correct his false statements in parliament on Friday, marking a...

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UK employers group CBI welcomes Brexit deal, calls for action now

LONDON (Reuters) - The Confederation of British Industry welcomed the announcement of a post-Brexit trade deal struck with the European Union, but said steps needed to be taken immediately to avoid disruption to business when a transition period ends in seven days' time. "Coming so late in the day, it is vital that both sides take instant steps to keep trade...

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‘What’s the alternative?’ SolarWinds boosts security firms’ bottom lines

By Paresh Dave OAKLAND, Calif. (Reuters) - Cybersecurity providers including FireEye Inc and Microsoft Corp (NASDAQ:MSFT) could not prevent a huge network breach disclosed this month by numerous U.S. agencies and companies, yet their shares are soaring for a second straight week. The months-long penetration exposed weaknesses in security tools as well as network management programs, most notably SolarWinds Corp's Orion...

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Sterling awaits Brexit deal confirmation, approaches 2-1/2-year high

LONDON (Reuters) - Sterling extended gains on Thursday and appeared set for another push higher as traders waited confirmation that Britain and the European Union had finally clinched a deal to govern their trading relationship when the Brexit transition ends on Dec. 31. The currency has strengthened 1.4% versus the dollar since Reuters reported around 1330 GMT on Wednesday, quoting sources, that a...

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European stocks futures jump on signs Brexit deal almost at hand

(Reuters) - European stock futures surged on Thursday as a Brexit trade deal seemed almost at hand, with just a week left for Britain's final exit from the European Union. After months of wrangling, and amid warnings of no deal, Britain and the European Union were on the cusp of striking a narrow trade agreement, sources in London and Brussels said, swerving away...

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UK stocks jump with Brexit trade deal in sight

(Reuters) - UK shares rose on Thursday as Britain and the European Union inched closer to striking a post-Brexit trade deal, averting a chaotic separation with only seven days left for the transition period to expire. The blue-chip FTSE 100 rose 0.4% by 0809 GMT with a jump in sterling keeping gains in check. Brexit-sensitive banks and homebuilders were among the top gainers...

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British bank shares bounce on reports of Xmas Eve Brexit breakthrough

LONDON (Reuters) - Shares in Britain's largest banks surged in early trading on Thursday on reports that the UK and the European Union were on the cusp of securing an eagerly-anticipated trade deal, soothing months of worry about Britain's economic prospects in 2021. Lloyds Banking Group (LON:LLOY) saw its stock climb by 5.1% by 0827 GMT, while taxpayer-backed NatWest Group jumped by 2.7%....

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