United Kingdom
Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
The BP logo is displayed outside a petrol station on January 30, 2025 in Warrington, United Kingdom. Nathan Stirk | Getty Images News | Getty Images British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion through 2027 as part of a fundamental strategic reset. The beleaguered […]
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Trump’s trade war could have a clear winner: The UK
General view of the City of London skyline, the capital’s financial district, in October. Sopa Images | Lightrocket | Getty Images Global markets were hit with fresh volatility this week after U.S. President Donald Trump confirmed plans to impose tariffs on imports from three of America’s biggest trading partners. Trump on Monday agreed to pause […]
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Oil giant Shell raises dividend despite full-year profit miss
A Shell logo is displayed on May 03, 2024 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil giant Shell on Thursday reported a significant drop in annual profit, citing higher exploration write-offs, lower trading margins and weaker crude prices over the final three months of the year. Shell posted […]
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Volatile borrowing costs stir memories of UK’s pensions crisis — but insiders say this time, it’s a ‘nice opportunity’
Pensioners walk along the pier in Deal, UK, on Thursday, Oct. 3, 2024. Bloomberg | Bloomberg | Getty Images A sharp spike in U.K. borrowing costs this year triggered memories of the 2022 “mini-budget” crisis, which rocked the country’s pension funds and led to emergency market intervention by the Bank of England. But this year, […]
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UK finance minister backs expansion of London’s Heathrow Airport to boost struggling economy
British Airways Boeing 787-8 Dreamliner aircraft spotted flying on final approach over the roofs of the houses of Myrtle avenue for landing at London Heathrow Airport LHR in the UK. Nurphoto | Nurphoto | Getty Images U.K. Finance Minister Rachel Reeves on Wednesday unveiled plans to deliver a shot in the arm for the country’s […]
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British firms have been plagued by profit warnings and sliding output — and many aren’t hopeful for an imminent recovery
A woman walks along Waterloo Bridge past the City of London skyline, the capital’s financial district, as the sky clears following several weeks of mostly gloomy weather. (Photo by Vuk Valcic/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images British businesses are expecting more price rises, further hiring cutbacks and continued output […]
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Here’s why Trump’s pursuit of Greenland is really about the control over the Arctic
President Donald Trump has reiterated his desire to buy Greenland, and refused to rule out using military or economic coercion to achieve his goal of controlling the autonomous territory of Denmark. . However, the United States isn’t the only country with an eye on the region. In 2018, a Chinese state-owned company bid roughly $550 […]
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UK’s Reeves says she will take action to meet fiscal rules
British Chancellor of the Exchequer Rachel Reeves listens during the 11th China-UK Economic And Financial Dialogue on January 11, 2025 in Beijing, China. Pool | Getty Images News | Getty Images British finance minister Rachel Reeves said on Saturday that she would take action to ensure that the government meets its fiscal rules announced in […]
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Ubisoft drops 8% after appointing advisors to review strategic options; European markets trade lower
European markets opened lower on Friday, as investors monitor economic data and ongoing turbulence in the U.K.’s debt markets. The pan-European Stoxx 600 index was down 0.1% shortly after the opening bell, with most sectors and major bourses in negative territory. London’s FTSE 100 shed more than 0.1% during early morning deals. Shares of Ubisoft […]
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Want to invest in the UK? Barclays names 3 stocks to buy — giving 2 over 40% upside
There may be some questions about the strength of the U.K. economy right now, but Barclays continues to see investment opportunities in the country, naming small- and mid-cap stocks it is betting on right now. The benchmark FTSE 100 index logged returns of 5.7% in 2024, significantly below its U.S. counterparts, with the S & […]
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