London
Stellantis to shut its van factory in Luton, England
Generic stock pictures of the Astra assembly line at Vauxhall’s plant in Ellesmere Port, Cheshire. Picture date: Tuesday July 6, 2021. Peter Byrne – Pa Images | Pa Images | Getty Images European auto-maker Stellantis said on Tuesday it planned to shut its Vauxhall van factory in Luton, southern England, putting more than 1,000 jobs […]
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Hedge fund bets on a key oil and gas supply chain stock, saying it could rise over 300%
London-based hedge fund Granular Capital has revealed a renewed interest Borr Drilling , saying the offshore drilling company’s shares could increase by up to 300% or 400%. Granular is the largest shareholder of Borr Drilling, which provides offshore drilling vessels for hire to large companies in the oil and gas industry on a fixed-term basis […]
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London’s historic art scene is getting a tech upgrade
The United Kingdom’s historic art scene has embraced technology such as artificial intelligence, as it evolves to compete with growing markets such as China. While the United States and China hold the number one and two spots respectively, the U.K.’s contribution to the art market is nothing to be sniffed at – holding 17% of […]
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U.S. embassy in London reopens after suspicious ‘hoax’ item found
A police officer stands in front of the U.S. Embassy, amid ongoing investigation following an incident in London, Britain, November 22, 2024. Mina Kim | Reuters British police said on Friday that a suspicious package left outside the U.S. embassy in London, which was blown up in a controlled explosion, was a hoax device, according […]
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Apple and Google could face a competition probe over their huge mobile ecosystems in the UK
Omar Marques | Lightrocket | Getty Images LONDON — Apple and Google could face a competition investigation into their dominance of mobile web browsers and apps in the U.K. The U.K.’s Competition and Markets Authority issued a report Friday with a provisional decision from an independent inquiry group tasked by the regulator with carrying out an […]
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Europe markets open up 0.6%; UK retail sales miss sends sterling lower
Europe markets open firmly in the green The U.K.’s FTSE 100 index was trading 0.7% higher at 8:20 a.m. London time. Germany’s DAX was up 0.52%, France’s CAC was 0.49% higher and Italy’s FTSE MIB was up 0.51%. All sectors were in the green, with tech stocks among the best performers, up 1.1%. — Katrina […]
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Three global stocks to own in 2025, according to Barclays
The outlook for equity markets looks “decent” going into 2025, according to Barclays, as central banks cut interest rates and the global economy remains resilient. “Given limited valuation uplift for frothy parts of the market, global equities may struggle to deliver outsized risk-adjusted returns again in 2025. But they still screen favorably vs. bonds, cash […]
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Russia-U.S. tensions hit global markets as Putin lowers the threshold for a nuclear strike
Russian President Vladimir Putin speaks during a plenary session of the Valdai Club on Nov. 7, 2024 in Moscow, Russia. Contributor | Getty Images News | Getty Images Global stocks fell and investors fled to safe-haven assets on Tuesday, as global markets reacted to escalating tensions between the world’s two largest nuclear powers: Russia and […]
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Doubts mount over Britain’s ambitious growth plans — with warnings of further tax rises possible
Chancellor Rachel Reeves gives a speech at the Treasury on July 8, 2024 in London, England. Pool | Getty Images News | Getty Images LONDON — Doubts are mounting over the Labour government’s flagship growth and investment agenda, with one analyst warning further tax rises could be coming as soon as next year. U.K. Finance […]
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Bank of England set for second cut after Labour reveals tax-hiking budget
Trump’s election could speed up 2025 rate cuts, UBS says Former US President Donald Trump arrives during a “Get Out The Vote” rally in Greensboro, North Carolina, US, on Saturday, March 2, 2024. Bloomberg | Bloomberg | Getty Images President-elect Donald Trump’s victory in the U.S. election could speed up the pace of Bank of […]
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