LONDON Investors said U.S. Treasuries were the "most crowded" trade for the first time in Bank of America Merrill Lynch's (BAML) fund manager survey, reflecting the market's lurch toward safe-haven assets as money managers recalibrate the interest rate outlook.
LONDON/BENGALURU Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company's sales this year. | Video
LONDON British money manager Neil Woodford cut his stakes in at least 21 companies this week as he frees up cash to meet a rush of redemption requests that forced him to suspend his flagship fund.
Construction and services group Kier's shares fell 40% to their lowest level in two decades on Monday after a profit warning from the British firm, whose mounting debts also fuelled fears of a dividend cut and another funding-raising.
LONDON Britain's FTSE 100 will only manage modest gains in the second half of the year as the nation's tortuous exit from the European Union hangs over the market, deterring investors from scooping up attractively cheap shares, a Reuters poll found.
MILAN/LONDON European shares are seen moving sideways until end-2019 and making just modest gains thereafter, a Reuters poll showed, as investors shy away from big bets on a region whose export-oriented economy makes it vulnerable to trade war risks.
Britain's FTSE 100 held its gains on Friday after Prime Minister Theresa May announced her resignation date as head of her party in a widely expected move that nevertheless raises the prospect of a successor likely to seek a more hardline Brexit deal.
LONDON Shares in Britain's housebuilders and retailers tumbled and sterling slid on Wednesday after multiple media reported rumours Prime Minister Theresa May's ministers could oust her in a row over her latest deal to exit the European Union.
LONDON, May 22 Shares in Britain's housebuilders
and retailers tumbled and sterling slid on Wednesday after
multiple media reported rumours Prime Minister Theresa May's
ministers could oust her in a row over her latest deal to exit
the European Union.
LONDON British utility stocks are trading at a growing discount to euro zone peers as investors fear the country's deepening political crisis could trigger a general election that ushers in renationalisation of the industry, worth $76 billion (£59.9 billion).