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Updated: 10 hours 18 min ago

FTSE rallies, U.S. data eases concerns over China

Thu, 27/08/2015 - 17:19
LONDON (Reuters) - The FTSE 100 rose on Thursday, recouping all of its losses from this week's bruising sell-off after strong U.S. data calmed global markets rocked by concerns over Chinese growth.

U.S. second-quarter GDP growth revised sharply higher to 3.7 percent

Thu, 27/08/2015 - 16:40
WASHINGTON (Reuters) - The U.S. economy grew faster than initially thought in the second quarter on solid domestic demand, showing fairly strong momentum that could still allow the Federal Reserve to hike interest rates this year.

One in 65 adults in Britain is now a millionaire - study

Thu, 27/08/2015 - 16:32
LONDON (Reuters) - Millionaires are on the increase in Britain, according to a study which found that one in 65 adults is now worth over seven figures, 41 percent more than five years ago.

Ukraine reaches 'win-win' deal with creditors on $18 billion debt

Thu, 27/08/2015 - 16:15
KIEV (Reuters) - Ukraine reached what its finance minister called a "win-win" deal with its largest group of creditors to ease repayments on its $18 billion (11.7 billion pounds) debt, winning breathing space for an economy drained by the cost of fighting with pro-Russian separatists.

ECB faces inflation headache even as lending bounces

Thu, 27/08/2015 - 15:58
FRANKFURT (Reuters) - Lending to euro zone firms grew at the fastest pace since early 2012 last month but the European Central Bank may still come under pressure to ramp up its stimulus measures as falling oil prices and a slowdown in China curb inflation.

Oil services firms beat expectations, tough times loom

Thu, 27/08/2015 - 15:35
LONDON/BANGALORE (Reuters) - Oil and gas service companies have fared better than expected in the first half of the year despite a weak market, thanks to deep-pocketed Middle Eastern customers and stringent cost cuts.

Morningstar cautions on size of Standard Life's 44 billion pounds GARS fund

Thu, 27/08/2015 - 15:23
LONDON (Reuters) - Standard Life Investments' flagship GARS fund, home to the savings of thousands of Britons, may be getting so big that its ability to outperform by picking individual stocks is being affected, a leading research firm has warned.

Syngenta management faces pressure to appease investors

Thu, 27/08/2015 - 15:02
FRANKFURT (Reuters) - Syngenta management faced pressure on Thursday to offer tangible rewards to shareholders after the Swiss pesticides company turned its back on a deal with unwanted American suitor Monsanto .

First BoE rate hike to come in early 2016, but conviction wavering - Reuters poll

Thu, 27/08/2015 - 14:46
LONDON (Reuters) - The Bank of England is still expected to raise its benchmark interest rate from a record low of 0.5 percent early next year but economists in the latest Reuters poll are now less certain about the timing.

Aldermore doubles profit as lending grows

Thu, 27/08/2015 - 14:41
(Reuters) - Aldermore Group Plc's profit more than doubled in the first half of the year, beating expectations, as the up-and-coming British bank issued more mortgages and loans to small and medium-sized businesses.

Iran to offer South Pars oil project at London conference

Thu, 27/08/2015 - 14:30
DUBAI (Reuters) - Iran will offer a project to extract oil from its South Pars gas field, the world's largest, along with three other gas fields at a conference in London later this year, an Iranian official was cited as saying by Iran's Press TV on Thursday.

Apple fast closing in on wearable device maker Fitbit - IDC

Thu, 27/08/2015 - 14:24
(Reuters) - Apple Inc, which launched the Apple Watch in June, is within striking distance of leader Fitbit Inc in the wearable devices market, market research firm IDC said.

ESM's Regling says Greek debt relief possible, but no haircut

Thu, 27/08/2015 - 14:16
BERLIN (Reuters) - The head of the European Stability Mechanism said on Thursday that options for easing Greece's debt burden included extending loan maturities, suspending interest payments and transferring central bank profits, but he ruled out a debt "haircut".

'Black swan' hedge fund Qbasis cashes in on market ructions

Thu, 27/08/2015 - 13:57
LONDON (Reuters) - Qbasis, a hedge fund which more than doubled clients' money during the 2008 financial crisis, is cashing in again by exploiting fresh turmoil in global markets.

Ten automakers are sued over 'deadly' keyless ignitions

Wed, 26/08/2015 - 19:54
(Reuters) - Ten of the world's biggest automakers were sued on Wednesday by U.S. consumers who claim they concealed the risks of carbon monoxide poisoning in more than 5 million vehicles equipped with keyless ignitions, leading to 13 deaths.

Stock markets diverge, commodities fall as China jitters persist

Wed, 26/08/2015 - 19:12
NEW YORK (Reuters) - Wall Street advanced on Wednesday while European shares and commodities fell as investors balanced strong U.S. economic data and policy comments with fears about China's slowing economy.

Market turmoil makes September rate hike 'less compelling' - Fed's Dudley

Wed, 26/08/2015 - 19:09
NEW YORK (Reuters) - An interest rate hike next month seems less appropriate given the threat posed to the U.S. economy by recent global market turmoil, an influential Federal Reserve official said on Wednesday.

Tata Steel to mothball Wales plant as tough markets persist

Wed, 26/08/2015 - 18:36
LONDON (Reuters) - Tata Steel , Britain's largest steelmaker, said on Wednesday it will mothball a plant in south Wales as tough markets persist, forcing the company to focus on higher-value products.

Monsanto drops pursuit of Swiss agribusiness rival Syngenta

Wed, 26/08/2015 - 18:22
(Reuters) - U.S. agribusiness leader Monsanto Co. on Wednesday abandoned efforts to acquire Swiss rival Syngenta AG , which had rejected its recently sweetened offer.

FTSE falls on China fears, commodity sell-off

Wed, 26/08/2015 - 18:15
LONDON (Reuters) - FTSE sank on Wednesday, not far from its lowest closing levels since the end of 2012, as fears about Chinese growth gnawed and a commodities sell-off rattled markets across Europe.