Edition:
United Kingdom

Helen Reid

U.S. Treasuries 'most crowded' as investors flee risk: BAML survey

18 Jun 2019

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.

Broadcom's $2 billion warning rattles global chip sector

14 Jun 2019

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

Under fire fund manager Woodford in scramble to sell stakes

07 Jun 2019

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.

Kier profit warning, rising debt doubts trigger share slump

03 Jun 2019

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.

Brexit debacle will continue to hinder FTSE 100 after strong 2019 - Reuters poll

30 May 2019

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.

European shares seen treading water, but forecast range wide - Reuters poll

30 May 2019

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.

UK stocks shrug off May's exit, but Brexit risk lurks

24 May 2019

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.

Brexit-sensitive stocks, sterling hit by deepening political turmoil

22 May 2019

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.

UPDATE 1-Brexit-sensitive stocks, sterling hit by deepening political turmoil

22 May 2019

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.

Investors slap discount on UK utilities amid election worries

23 May 2019

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).

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