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Updated: 22 hours 51 min ago

FTSE hit by weaker tobacco shares, geopolitical tension

Mon, 21/07/2014 - 18:25
LONDON (Reuters) - Britain's top share index fell on Monday, with tobacco stocks hit by a multi-billion-dollar fine against RJ Reynolds in the United States and retailers slipping after a profit warning from Tesco.

UK watchdog should take tough line in bank competition probe -MPs

Mon, 21/07/2014 - 18:10
LONDON (Reuters) - Britain's competition watchdog should take a hard line and be prepared to shake up the banking industry to improve services for customers, a leading lawmaker said on Monday, saying he was fed up with years of inaction.

Three new non-executive directors to join Bank of England

Mon, 21/07/2014 - 18:01
LONDON (Reuters) - Three new non-executive directors have been appointed to the Bank of England's governing body, Britain's finance ministry said on Monday.

Opel Vauxhall to woo budget clients with low-end cars -source

Mon, 21/07/2014 - 17:47
FRANKFURT (Reuters) - Opel plans to build a range of entry-level cars to recapture the type of budget customer who in the past bought its Chevrolet brand, a person familiar with the matter said on Monday.

UK ultra-long gilts sag after government pension reform

Mon, 21/07/2014 - 17:29
LONDON (Reuters) - Prices of ultra-long British government bonds fell slightly on Monday after the government said more workers than originally planned would be able to cash in pension savings early, potentially reducing demand for long-dated debt.

Investors start pricing in Scotland vote risk for sterling

Mon, 21/07/2014 - 17:20
LONDON (Reuters) - Currency investors began on Monday to show a glimmer of concern over the risks a surprise from Scotland's September vote on independence might pose to sterling, having appeared complacent over the issue so far.

BNP case spurs calls for whistleblower incentives in banking

Mon, 21/07/2014 - 15:52
NEW YORK (Reuters) - BNP Paribas SA’s $9 billion (5.27 billion pounds) settlement with U.S. authorities, aided by internal whistleblowers, has spurred calls for federal banking regulators to protect and reward individuals who report wrongdoing by banks.

Analysis - A Fox-Time Warner deal would give Murdoch new heft in China

Mon, 21/07/2014 - 06:04
(Reuters) - Rupert Murdoch's plan to buy Time Warner would help the Twenty-First Century Fox chairman make larger inroads in China, a fast-growing market that media moguls are finding hard to crack.

Yum, McDonald's apologise in China food supplier safety scare

Mon, 21/07/2014 - 04:53
SHANGHAI (Reuters) - U.S. fast food chains McDonald's Corp and KFC-parent Yum Brands Inc apologised to Chinese consumers on Monday and said they will stop using a Shanghai meat supplier after Chinese regulators shut the firm down over food safety concerns.

Trading firms raised early concerns about Barclays' dark pool - WSJ

Mon, 21/07/2014 - 04:49
(Reuters) - Trading firms and employees raised concerns about high-speed traders at Barclays Plc's "dark pool" months before the United States accused the bank of favouring its high-frequency trading clients, the Wall Street Journal reported, citing people familiar with the firms.

Asian stocks shade firmer, upbeat on U.S. earnings

Mon, 21/07/2014 - 04:28
SYDNEY (Reuters) - Asian stocks were a fraction firmer on Monday as investors set aside geopolitical concerns for the moment to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week.

Is Germany still the champion?

Mon, 21/07/2014 - 04:23
BRUSSELS (Reuters) - A week on from its World Cup football victory, Germany may return to centre stage, though this time not with fan celebrations but concerns over the health of Europe's economic motor.

Huawei's H1 revenue up 19 percent year-on-year at $22 billion

Mon, 21/07/2014 - 04:10
TAIPEI (Reuters) - Huawei Technologies Co Ltd, the world's No. 2 telecom equipment maker, said on Monday it will achieve sustainable growth in 2014 after posting a 19 percent jump in first-half revenue to 135.8 billion yuan (13 billion pounds).

China's rich look abroad as home prices fall, others stay put

Mon, 21/07/2014 - 03:31
BEIJING (Reuters) - Rattled by falling home prices, some of the wealthiest Chinese are paring their property investments and turning to private equity or overseas holiday homes, a sign of fading hopes that the once red-hot market can bounce back any time soon.

Asking prices for UK homes fall for first time in 2014 - Rightmove

Mon, 21/07/2014 - 00:11
LONDON (Reuters) - Asking prices for houses in Britain have fallen for the first time this year although they are likely to pick up more speed before the end of 2014, property website Rightmove said on Monday.

Britain to detail pensions overhaul with tax, annuity reforms

Mon, 21/07/2014 - 00:02
LONDON (Reuters) - Britain will on Monday publish new rules for the pensions industry giving retirees greater access to their savings and free financial advice, fleshing out reforms announced earlier this year that shook the share value of British insurers.

China's rich look abroad as home prices fall, others stay put

Sun, 20/07/2014 - 22:11
BEIJING (Reuters) - Rattled by falling home prices, some of the wealthiest Chinese are paring their property investments and turning to private equity or overseas holiday homes, a sign of fading hopes that the once red-hot market can bounce back any time soon.

UK's Serious Fraud Office may announce FX probe by end-July -

Sun, 20/07/2014 - 19:29
NEW YORK (Reuters) - The Serious Fraud Office, the UK's main anti-fraud agency, could announce a formal investigation into alleged manipulation of the global foreign exchange market by the end of this month, the reported on Sunday, citing people familiar with the situation.

Striking South African metalworkers lower wage demand - unions

Sun, 20/07/2014 - 17:59
JOHANNESBURG (Reuters) - Labour unions representing striking South African metalworkers have submitted a lower wage demand to employers, union representatives said on Sunday, to try to end the walkout battering Africa's most developed economy.

BSkyB could buy Sky Deutschland, Italia in next fortnight - Sunday Times

Sun, 20/07/2014 - 14:48
LONDON (Reuters) - BSkyB could agree a deal in the next two weeks to buy Rupert Murdoch's Sky Italia and his stake in Sky Deutschland, the Sunday Times reported.