By Yoruk Bahceli (Reuters) – Germany is leading the biggest rally in global bond markets since March’s banking rout as cooling inflation and a weakening economy suggest European Central Bank rate hikes are nearing an end. Borrowing costs, or bond yields, in the benchmark euro area issuer are down at least 20 basis points (bps) …
Analysis-Germany leads big bond rally as inflation finally heads down Read More »
By Amanda Cooper LONDON (Reuters) – The pound edged up on Thursday, taking advantage of a dip in the dollar after Federal Reserve officials indicated the central bank might skip a rate hike this month, while UK data painted a picture of an increasingly gloomy economy. Data from the Bank of England (BoE) showed British …
Sterling strengthens against dollar as chances of Fed ‘skip’ rise Read More »
(Reuters) – One lucky punter who believed 14 years ago that Josh Tongue would one day play for England and placed a cheeky bet will win 50,000 pounds ($63,000) when the fast bowler makes his international debut against Ireland on Thursday. Tim Piper had watched Tongue play when he was just an 11-year-old and placed …
Cricket-Punter lands 50,000 pounds windfall from 14-year-old bet on Tongue debut Read More »
(Reuters) – England’s team bus was held up by ‘Just Stop Oil’ protesters when it was headed to Lord’s ahead of the first day of their one-off test against Ireland on Thursday, England batter Jonny Bairstow said. Bairstow posted a photo on social media from inside the bus showing protesters and police officers in the …
Cricket-England team bus blocked by Just Stop Oil protesters ahead of Ireland test Read More »
(Reuters) -British water utility Pennon Group’s annual profit plummeted 88%, the company said on Thursday, squeezed by the driest summer in decades, extreme rainfall and harsh cold winter at a time when it grapples with high costs. The results come as the British water industry faces scrutiny from lawmakers, regulators and public over under-investments in …
UK water utility Pennon’s profit dries up as extreme weather takes toll Read More »
By William Schomberg LONDON (Reuters) – British lenders approved fewer loans for house purchases in April than in March and the value of new mortgage lending also dropped, according to Bank of England data that added to signs of a fresh slowdown in the housing market. Lenders gave the green light to 48,690 new mortgages …
UK lenders approve fewer mortgages in sign of new housing slowdown Read More »
By Eva Mathews and Helen Reid (Reuters) -Dr Martens shares dropped more than 10% on Thursday after the British bootmaker warned investments would hit profit margins this financial year and the consumer backdrop in the United States “was the toughest in the world at the moment”. The U.S. is the company’s second-largest market and weakness …
LONDON (Reuters) – Britain’s opposition Labour Party suspended lawmaker Geraint Davies on Thursday following allegations, first reported by Politico, of inappropriate behaviour towards younger female colleagues. Politico said five women had told them Davies subjected them to “unwanted sexual attention” – both physical and verbal – after coming into contact with them through his work …
UK’s Labour suspends lawmaker after report of inappropriate behaviour Read More »
(Reuters) – After a career spent navigating the toughest opponents on the court, 20-times major winner Roger Federer will now help commuters navigate the open road, as the newest voice of driving app Waze. The retired, polyglottic tennis star can offer directions in English, French, or German, and is the first person to record custom …
Tennis-Federer serves up directions as latest voice on Waze navigation app Read More »
DUBLIN (Reuters) – Irish manufacturing activity shrank at its fastest pace in three years in May on sharp falls in output and new orders that reflected contractions in its global peers’ markets, a survey showed on Thursday. The AIB S&P Global manufacturing Purchasing Managers’ Index (PMI) fell to 47.5 from 48.6 in April, holding below …
Irish manufacturing activity shrinks at fastest in 3 years in May Read More »
