Tag Archives: Economic Events

The British pound has dropped below $1.14 for the first time since 1985 as a combination of dollar strength and recession warnings weighed on the U.K.’s currency. Sterling fell as low as $1.135 at 8:50 a.m. London before rising slightly to $1.1378, marking a fresh 37-year low. It followed the …

LONDON — European stocks are expected to open around the flatline on Thursday amid market concerns around the region’s inflation outlook. The U.K.’s FTSE index is seen opening 6 points lower at 7,281, Germany’s DAX 2 points lower at 16,248, France’s CAC 40 down 3 points at 7,155 and Italy’s FTSE …

LONDON — European stocks advanced on Wednesday, looking to shrug off market nerves after a rate-induced sell-off in the U.S. in the previous session. The pan-European Stoxx 600 climbed 0.8% in early trade, with retail stocks adding 1.2% to lead gains while oil and gas stocks dropped 0.8%. Europe investors …

* Parcel volume up 38%, letters drop 33% * Says restructuring plans underway * Reiterates outlook for 2020-21 (Rewrites throughout, adds detail, shares) By Yadarisa Shabong and Pushkala Aripaka July 21 (Reuters) – Britain’s Royal Mail said its parcel shipments rose 38% in April-June as lockdowns drove a surge in …

(Adds details on volumes, context) July 21 (Reuters) – Britain’s Royal Mail said on Tuesday it had shipped 117 million more parcels in the June-ended quarter than last year, as people and businesses shifted to online sales during the coronavirus-led lockdown. The company has had a turbulent few years with …

* FTSE 100 down 0.2%, FTSE 250 down 0.7% * Tullow Oil sinks after cutting output view * Financials weigh on main index * Coca-Cola HBC outperforms * Royal Mail jumps on court ruling (Adds news items, analyst comment, updates to closing prices) By Muvija M and Shashwat Awasthi Nov …

ROYAL MAIL: UK's Royal Mail Plc has written to the Communications Workers Union (CWU) saying it will enter into talks “without preconditions” if the … Source link

* FTSE 100 down 0.4%, FTSE 250 down 1.2% * UK indexes ease after Friday’s rally * Sophos jumps on buyout deal, leads peer Avast higher * Royal Mail drops as threat of Christmas strike looms (Adds news items, analyst comments, updates share prices) By Shashwat Awasthi Oct 14 (Reuters) …

Sept 20 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times British travel company Thomas Cook Group Plc’s chances of survival are in the balance as it struggles to …

* FTSE 100 down 0.1%, FTSE 250 up 0.1% * Fed meeting conclusion eyed * Kingfisher falls after earnings report * IAG outshines * Sirius Minerals steepest mid-cap faller (Adds news items, analyst comment, updates to closing prices) By Yadarisa Shabong and Muvija M Sept 18 (Reuters) – London’s main …