03 March

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Biggest Inflation-Hedged ETF Suffers Record $944 Million Outflow By Bloomberg

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(Bloomberg) -- The world’s biggest inflation-protected bond ETF has been hit by its largest outflow on record, the latest sign that the cross-asset reflation frenzy is cooling. Investors just pulled $944 million from BlackRock Inc.'s (NYSE:BLK) $26.3 billion iShares TIPS exchange-traded fund (NYSE:TIP), according to data compiled by Bloomberg. That’s by far the largest withdrawal in the more than 17-year history of the product,...

03 March

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Britain’s NatWest privatisation target delayed to 2026 By Reuters

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LONDON (Reuters) - The British government has said it will need an extra year to fully return state-backed lender NatWest to private hands, targeting 2026 to sell its majority ownership of the bank. NatWest - formerly Royal Bank of Scotland (LON:NWG) - remains 62% taxpayer-owned as a legacy of its state bailout in the 2007-09 financial crisis. The government has managed...

03 March

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UK’s Prince Philip is “slightly improving”, Duchess Camilla says By Reuters

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LONDON (Reuters) - Britain's Prince Philip, the 99-year-old husband of Queen Elizabeth who is beginning a third week in hospital, is "slightly improving" although it "hurts at moments", Camilla, the Duchess of Cornwall said on Wednesday. Philip, the Duke of Edinburgh, was admitted to hospital on Feb. 16 after he felt unwell to receive treatment for an unspecified, but not COVID-19-related, infection....

03 March

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UK offers ‘super deduction’ to temper 25% corporation tax hike By Reuters

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LONDON (Reuters) - Britain will raise corporation tax to 25% from 19% from 2023 to help pay for the cost of the COVID crisis but tempered the tax rise with a "super deduction" to spur investment, finance minister Rishi Sunak said on Wednesday. "The government is providing businesses with over 100 billion pounds of support to get through this pandemic so it...

03 March

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Britain’s Sunak freezes personal tax thresholds until 2026 By Reuters

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LONDON (Reuters) - Britain will freeze the amount of money that people can earn tax-free and also the threshold for the higher rate of income tax until 2026, finance minister Rishi Sunak said on Wednesday. Sunak said that while a basic income tax rate of 20% and a higher income tax rate 40% would not be increased, the thresholds for the "personal...

03 March

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Britain has condemned Khashoggi murder, PM Johnson says By Reuters

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LONDON (Reuters) - Britain has condemned the murder of journalist Jamal Khashoggi, Prime Minister Boris Johnson said on Wednesday. "We've condemned the murder of Jamal Khashoggi, we continue to call for a full investigation into the causes of his death," Johnson said when asked whether Britain would suspend arms sales to Saudi Arabia in light of the conflict and humanitarian crisis in...

03 March

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Lyft Rises Premarket; Nordstrom and Dollar Tree Fall By Investing.com

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By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Wednesday, March 3rd. Please refresh for updates. Lyft (NASDAQ:LYFT) stock rose 4.5% after the ride hailing company raised its outlook, citing a return to stronger rideshare demand sooner than expected. The company said the week ending Feb. 28 was the company’s best week...

03 March

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Britain to review surcharge on bank profits By Reuters

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LONDON (Reuters) - Britain's finance minister Rishi Sunak has said the government will review the surcharge levied on bank profits, in a bid to keep the UK competitive with rival financial centres in the United States and the European Union. Sunak said in his Budget statement on Wednesday he was launching the review so that the combined tax burden on banks did...

03 March

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Interim UK study finds one dose of COVID shots reduces hospitalisation By Reuters

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LONDON (Reuters) - One dose of either Pfizer-BioNTech's or AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine helps to prevent disease severe enough to require hospitalisation of people in their 80s with other illnesses, interim data from a UK study showed on Wednesday. The findings, from an ongoing surveillance project funded by Pfizer (NYSE:PFE) and...

03 March

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India shares higher at close of trade; Nifty 50 up 2.19% By Investing.com

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Investing.com – India equities were higher at the close on Wednesday, as gains in the Metals, Banking and Carbon sectors propelled shares higher. At the close in NSE, the Nifty 50 rose 2.19%, while the BSE Sensex 30 index climbed 2.28%. The biggest gainers of the session on the Nifty 50 were Tata Steel Ltd (NS:TISC), which rose 5.66%...

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News

Biggest Inflation-Hedged ETF Suffers Record $944 Million Outflow By Bloomberg

Britain’s NatWest privatisation target delayed to 2026 By Reuters

UK’s Prince Philip is “slightly improving”, Duchess Camilla says By Reuters

UK offers ‘super deduction’ to temper 25% corporation tax hike By Reuters

Britain’s Sunak freezes personal tax thresholds until 2026 By Reuters

Britain has condemned Khashoggi murder, PM Johnson says By Reuters

Lyft Rises Premarket; Nordstrom and Dollar Tree Fall By Investing.com

Britain to review surcharge on bank profits By Reuters

Interim UK study finds one dose of COVID shots reduces hospitalisation By Reuters

India shares higher at close of trade; Nifty 50 up 2.19% By Investing.com

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