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FTSE lags after sterling surge

LONDON Britain's top equity index was steady on Monday, underperforming European markets after a jump in the value of sterling, which some attributed to talk of a transitional deal for Britain to leave the European Union.

Recent Business News

UK inflation expectations rise at fastest rate since 2011 - Barclays

LONDON Public expectations for inflation in Britain in one year's time have risen at their sharpest rate in more than five years following the sharp fall in sterling since June's Brexit vote, a quarterly survey published by Barclays showed on Monday.

4:05pm GMT

Top ECB officials pledge continued support to euro zone economy

FRANKFURT/MUNICH The European Central Bank needs to continue supporting the euro zone economy with its ultra-loose policy, two of its top officials said on Monday, cementing expectations for an extension of the ECB's bond-buying scheme next month.

7:00pm GMT

Nissan to sell 41 percent stake in Calsonic Kansei to KKR - Nikkei

Nissan Motor Co will sell 41 percent of its stake in auto parts supplier Calsonic Kansei Corp to U.S. buyout firm KKR & Co , the Nikkei reported.

8:41pm GMT

OPEC experts' meeting makes progress on output talks

VIENNA/DUBAI OPEC experts have made some progress on the first day of a two-day meeting to nail down details of their plan to cut oil output, OPEC sources said on Monday, with some expressing optimism about the prospect of a final deal.

7:11pm GMT

Brexiteer Odey's fund loses 369 million euros

LONDON Hedge fund manager Crispin Odey lost about 369 million euros (313.03 million pounds) in the year to Nov. 14 despite being one of the biggest financial winners of Britain's vote to leave the European Union.

8:30pm GMT
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