By Pratyush Thakur (Reuters) – Arconic Corp has agreed to be bought by Apollo Global Management Inc in a take-private deal valued at about $5.2 billion, the U.S. aerospace supplier said on Thursday. Apollo will pay $30 for each Arconic share held, representing a premium of 35.6% as of close on Feb. 27, a day …
Apollo to take aerospace supplier Arconic private in $5.2 billion deal Read More »
By Alexander Marrow (Reuters) -The Russian rouble climbed sharply to a more-than-one-month high on Thursday, gaining for a fifth straight session, as oil prices steadied after a recent slide, somewhat countering the impact of reduced foreign currency supply. By 1326 GMT, the rouble had firmed 1.6% against the dollar to 77.94, its strongest mark since …
Russian rouble soars to one-month high as oil prices halt slide Read More »
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – Shell on Thursday posted first-quarter net profit of $9.65 billion as strong earnings from trading and higher liquefied natural gas (LNG) sales offset cooling energy prices, while extending its large share repurchase programme. The stronger-than-expected profits followed a string of forecast-beating results from rivals including BP …
Shell posts $10 billion profit as trading offsets lower energy prices Read More »
By David Milliken LONDON (Reuters) -The number of mortgages approved by British lenders jumped in March to its highest since October, but remained lower than before then-Prime Minister Liz Truss’s September mini-budget triggered a lending crunch. Lenders approved 52,011 mortgages for house purchase in March, up sharply from 44,126 in February and well above the …
UK lenders approve highest number of mortgages since October: BoE Read More »
MANCHESTER (Reuters) -Manchester City’s Erling Haaland scored his record-breaking 35th Premier League goal of a stupendous season to help secure a 3-0 victory against West Ham United that sent his side back to the top of the table on Wednesday. The marauding Norwegian ended some stubborn West Ham resistance when he dinked a delicate chip …
Soccer-Haaland breaks Premier League record as Man City reclaim top spot Read More »
By Suban Abdulla LONDON (Reuters) -Britain’s services sector kicked off the second quarter with its fastest growth in a year, boosted by new orders, but it passed the cost of rising wage bills on to consumers, adding pressure on the Bank of England to keep raising interest rates. The final S&P Global/CIPS UK Services Purchasing …
UK businesses raise prices to pass on higher wage costs: PMI Read More »
By Kirstin Ridley LONDON (Reuters) – Britain’s markets regulator pledged on Thursday to share more information with whistleblowers on how it was dealing with their reports and improve how it used tip-offs in an effort to restore confidence in the agency. The Financial Conduct Authority (FCA) said whistleblowers had reported concerns in a survey that …
UK regulator pledges to improve whistleblower feedback Read More »
By Samuel Indyk LONDON (Reuters) – The British pound was steady against the dollar on Thursday having hit an 11-month high overnight after the Federal Reserve raised rates but signalled an end to its tightening cycle is in sight. The U.S. central bank raised its benchmark rate by a quarter point but dropped from its …
Sterling hits 11-month high vs dollar as Fed signals rate hike pause Read More »
LONDON (Reuters) -The Bank of England set out plans on Thursday to halve fines for regulatory breaches in certain cases where institutions and individuals cooperate early with its investigations, in order to speed up its enforcement processes. The BoE is not the main body responsible for policing misconduct in Britain’s financial markets, but its Prudential …
Bank of England sets out plans to halve fines for early cooperation Read More »
MANCHESTER, England (Reuters) – British companies’ predictions for wage growth in the coming 12 months cooled in April to their lowest level for seven months, and their expectations for inflation also eased, a Bank of England survey showed on Thursday. The BoE’s monthly Decision Maker Panel showed companies expected wage growth in the coming year …
UK companies see cooler wage growth and inflation: BoE survey Read More »
