8:00 - 19:00

Working hours MON. - FRI.

 

News

Prenatal test developed with Chinese military stores gene data By Reuters

By Kirsty Needham and Clare Baldwin (Reuters) -A prenatal test taken by millions of pregnant women globally was developed by Chinese gene company BGI Group in collaboration with the Chinese military and is being used by the firm to collect genetic data, a Reuters review of publicly available documents found. The report is the first to reveal that the company collaborated with the People's Liberation Army (PLA) to develop and improve the test, taken in early pregnancy, as well as the scope of BGI's storage and analysis of the data. The United States sees BGI's efforts...

Continue reading

Whirlpool Gains As JPMorgan, Goldman Reiterate Confidence By Investing.com

Dhirendra Tripathi Investing.com – Whirlpool (NYSE:WHR) rose more than 2.5% in Wednesday’s premarket trading as two banks, Goldman Sachs (NYSE:GS) and JPMorgan (NYSE:JPM), reiterated their faith in the company’s stock. The $280 target at Goldman Sachs represents an upside of almost 29% for the Whirlpool stock. JPMorgan has a $278 target for the consumer durable stock. Goldman Sachs analyst Susan Maklari tracked appliance prices across four major retailers to better assess the competitive and promotional environment around the July 4 holiday. The analyst said Whirlpool’s promotional discounts were the least at 6%, down from 10% a...

Continue reading

Financial regulators attempt to align rules on climate risks By Reuters

By Huw Jones LONDON (Reuters) - Global regulators published a blueprint on Wednesday to give a "sense of direction" to proliferating initiatives for tackling climate-related financial risks before they fragment markets. The Financial Stability Board (FSB), which coordinates financial rules for the G20 group of nations, said its "roadmap" seeks to coordinate approaches to disclosures by companies and plug gaps in the data needed to spot financial stability "vulnerabilities" and develop tools to address them. The roadmap attempts to align rules still in the planning stage between now and 2023 to avoid more divergences between various...

Continue reading

Two offshore wind firms to invest in northeast England hub By Reuters

By Nina Chestney LONDON (Reuters) - Two offshore wind manufacturers will invest more than 180 million pounds ($249 million) in an offshore wind hub on the northeast coast of England, and get funding from a state-backed scheme, the British government said on Wednesday. In March, the government announced investment to establish two new ports on the Humber and on Teesside to enable manufacturers to build the next generation of offshore wind projects. Britain has more offshore wind capacity installed than any other country and it powers over 7.5 million homes a year. By 2030, Britain aims...

Continue reading

Online betting firm 888 says revenues fell after UK reopening By Reuters

By Pushkala Aripaka (Reuters) - British online betting firm 888 on Wednesday signalled that a reopening of outdoor venues after coronavirus lockdowns was hurting daily revenues in the country, as people spend less time indoors and online. Shares in the London-listed firm fell as much as 5% to 392 pence in morning trading as investors looked past news that 888 now expects annual profit to be "slightly ahead" of last year and focused instead on a recent dip in revenues in the United Kingdom. Since May 17, when British retail and leisure spaces reopened to customers,...

Continue reading

Wise direct listing set to value the fintech firm at $11 billion By Reuters

By Abhinav Ramnarayan and Thyagaraju Adinarayan LONDON (Reuters) -Wise shares were indicated to open at 800 pence on Wednesday, which would give the financial technology company a market capitalisation of 8 billion pounds ($11 billion), according to Refinitiv prices. An auction process has begun to determine the price of Class A Wise shares ahead of their official London trading debut and the indicated price was 800 pence at 0745 GMT. The bid-ask spread in the auction was as wide as 450 pence to 1000 pence. Wise shares, which are officially due to start trading at...

Continue reading

UK housing boom may derail post-Brexit trade dreams By Reuters

By Andy Bruce LONDON (Reuters) - History suggests Britain's house price surge could threaten hopes of post-Brexit export-powered growth, if finance minister Rishi Sunak uses the housing market to fuel the economy like his predecessors did. Stoked by his tax break on property purchases and a pandemic-driven rush for larger houses as more people work from home, house prices are rising at the fastest annual rate - at 13.4% in June - since 2004, lender Nationwide says. The housing market holds totemic importance in Britain as a driver of wealth. Adjusted for inflation, house prices in...

Continue reading

UK financial regulators consider diversity and inclusion targets By Reuters

LONDON (Reuters) - Financial firms in Britain may need specific targets to improve diversity and inclusion in their workforce, the Bank of England and Financial Conduct Authority said on Wednesday. "The regulators believe that increased diversity and inclusion will advance their statutory objectives by resulting in improved governance, decision-making and risk management within firms, a more innovative industry, and products and services better suited to the diverse needs of consumers," the BoE and FCA said in a joint statement. ...

Continue reading

UK’s Countryside to focus solely on Partnerships business in strategic rejig By Reuters

(Reuters) - Countryside Properties will focus solely on its more successful Partnerships business and scale back building of private homes, the UK housebuilder said on Wednesday, in an effort to return more cash to shareholders. The company's Partnerships business delivers buildings in partnership with housing associations, public bodies andinstitutional private rental operators, while its Housebuilding unit is focused on building private homes for owner-occupiers in the Home Counties region, the area comprising counties surrounding London. The decision follows a strategic review of the potential separation of the Housebuilding business. The company said a new Partnerships region...

Continue reading

British recruiters signal pick-up in hiring as pandemic curbs ease By Reuters

(Reuters) - British recruiters PageGroup and Robert Walters Plc reported jumps in quarterly profit on Wednesday, clearest signs yet of a recovery in a sector hammered by the COVID-19 pandemic last year. Both flagged increased hiring in their key markets, especially in June, and raised their forecasts for annual profit. Recruiters around the globe were hammered last year as the pandemic-driven financial crisis forced most firms to halt new hiring. However, a ramp-up in vaccinations and the re-opening of some economies have encouraged most companies to resume recruiting. "Strength of our performance in H1, and notably...

Continue reading
en_GBEnglish