LONDON (Reuters) - Lloyds Banking Group (LON:LLOY) has hired David Gledhill, a former executive of Singapore's DBS Bank, as group chief operating officer. Britain's biggest domestic bank said in a statement that Gledhill would join in August this year, subject to regulatory approval. ...
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LONDON (Reuters) - More government support for businesses is likely if there is a delay to easing Britain's lockdown restrictions, junior health minister Edward Argar said on Monday (NASDAQ:MNDY). British Prime Minister Boris Johnson is expected to announce later on Monday that the end of COVID-19 restrictions due on June 21 will be delayed following concern about the rapid rise of infections from the Delta variant of the coronavirus. "Were he (the PM) to make an announcement that he's delaying it, I would expect him to address that issue as well at...
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PARIS (Reuters) - Michel Barnier, the European Union's former Brexit negotiator, said on Monday (NASDAQ:MNDY) that the reputation of the United Kingdom was at stake regarding tensions over Brexit. EU politicians have accused British Prime Minister Boris Johnson of not respecting engagements made regarding Brexit. Growing tensions between Britain and the EU threatened to overshadow the Group of Seven summit on Sunday, with London accusing France of "offensive" remarks that Northern Ireland was not part of the UK. "The United Kingdom needs to pay attention to its reputation," Barnier told France Info radio....
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LONDON (Reuters) - Mobile and broadband operator Vodafone (LON:VOD) has selected six partners to build Europe's first commercial open RAN (radio access network), it said on Monday (NASDAQ:MNDY). It said Dell Technologies, NEC Samsung (LON:0593xq), Wind River, Capgemini Engineering and Keysight Technologies would help it build one of the largest Open RAN networks in the world. Vodafone said the partnerships would build on its new Open RAN lab in Newbury, southern England, and its planned digital skills hubs in Malaga, Spain, and Dresden, Germany. Mobile operators and governments want to...
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By Sagarika Jaisinghani (Reuters) - European shares hit a record high on Monday (NASDAQ:MNDY) as investors bet on global central banks sticking to an accommodative stance on monetary policy even as the post-pandemic economic recovery gathers pace. The pan-European STOXX 600 was up 0.3% after ending Friday with its fourth consecutive weekly gain. Germany's DAX also hit an all-time high, while the UK's FTSE 100 scaled its highest since February 2020 ahead of a decision by the government on whether to delay England's reopening from a third national lockdown. After the European Central Bank...
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By Devik Jain (Reuters) - London's FTSE 100 index climbed on Monday, helped by gains in heavyweight financials and energy stocks, while investors awaited the government's decision on whether it would delay England's complete reopening from a third national lockdown. The blue-chip index rose 0.4%. Oil majors BP (LON:BP) and Royal Dutch Shell (LON:RDSa) gained 0.9% and 1.5% respectively, tracking crude prices. Shell was also reviewing its holdings in the largest U.S. oil field for a potential sale, Reuters reported, marking a key moment in its shift away from fossil fuels as it...
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FRANKFURT (Reuters) - The euro zone economy is at a turning point but its recovery must be firm and sustainable before the European Central Bank can debate clawing back emergency support, ECB President Christine Lagarde told Politico in an interview. The ECB last week agreed to maintain an elevated pace of bond purchases to keep borrowing costs ultra low and policymakers did not even entertain questions about tapering support, even as growth rebounds faster than earlier predicted. "I am not suggesting that the pandemic emergency purchase programme (PEPP) is going to stop on...
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By Toby Sterling AMSTERDAM (Reuters) - Philips, the Dutch medical equipment company, on Monday (NASDAQ:MNDY) said it would recall ventilators and "CPAP" breathing devices globally because of a foam part that might degrade and be inhaled. The company said that though the matter would cause "revenue headwinds" in its sleep & respiratory care division, that would be compensated by strength in other businesses. It left its full year financial guidance of "low-to-mid-single-digit" comparable sales growth unchanged. Philips had first disclosed the issue, for which it then took a 250 million euro ($303 million) charge,...
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(Reuters) - Britain's over-50s holidays group Saga Plc said on Monday (NASDAQ:MNDY) its motor and home policy sales were 2% lower for the four months to May 31 from last year, but customer loyalty and demand for its tours business remained high through repeated lockdowns. The company said its cruise business will resume on June 27, subject to government restrictions and expects tours bookings to represent 60% of revenue targets for 2021/22. ...
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(Reuters) - Upmarket British retailer Ted Baker (LON:TED) on Monday (NASDAQ:MNDY) reported an underlying loss for the pandemic-hit fiscal 2021 and warned that its first-quarter revenue for the current year fell 20% due to coronavirus restrictions during the period. The British company, which has had a number of operational and management setbacks over the past two years, reported an underlying pretax loss of 59.2 million pounds ($83.53 million)for the year ended January 30, compared to a 4.8 million pound profit the previous year. ($1 = 0.7088 pounds) ...
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