01 March

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English roadmap out of lockdown on track despite Brazil variant, health minister says By Reuters

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LONDON (Reuters) - England's planned route out of lockdown, starting with the reopening of schools next week, can proceed despite six reported cases of a Brazilian coronavirus variant of concern, health minister Matt Hancock said on Monday. Hancock said that there was no evidence a sixth person who has had the Brazilian coronavirus variant and is not accounted for had broken quarantine...

01 March

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Summer vacations abroad still uncertain, UK health official says By Reuters

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LONDON (Reuters) - It is still uncertain whether people in Britain will be able to enjoy summer foreign holidays, England's deputy chief medical officer Jonathan Van-Tam said on Monday. "We are still in a zone of great uncertainty about what the virus will do next," Van-Tam told a media conference when asked if people would be able to go overseas for their...

01 March

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UK business interruption insurance anguish far from over By Reuters

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By Carolyn Cohn LONDON (Reuters) - Insurers in Britain have begun making interim payments or settlement offers to businesses disrupted by the COVID-19 pandemic after a high-profile January court case, but concerns have been raised about low payouts, with one business offered as little as 13 pounds ($18.14). The UK Supreme Court dismissed appeals by insurers that said business interruption insurance...

01 March

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English health authority says vaccines 80% effective at preventing hospitalisations in over-80s By Reuters

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LONDON (Reuters) - The Pfizer (NYSE:PFE) and AstraZeneca (NASDAQ:AZN) vaccines are more than 80% effective at preventing hospitalisations from COVID-19 in those over 80 after one dose of either shot, Public Health England (PHE) said on Monday, citing a pre-print study. PHE said the real world study, with data generated from Britain's vaccine rollout, also found that protection against symptomatic...

01 March

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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 1.68% By Investing.com

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Investing.com – U.K. equities were higher at the close on Monday, as gains in the Oil Equipment Services & Distribution, Life Insurance/Assurance and Travel & Leisure sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 added 1.68%. The biggest gainers of the session on the Investing.com United Kingdom 100 were International Consolidated Airlines Group S.A. (LON:ICAG),...

01 March

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Greensill Capital in trouble as Credit Suisse suspends funds By Reuters

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By Tom Bergin and Silke Koltrowitz ZURICH/LONDON (Reuters) - Supply chain finance firm Greensill Capital could file for insolvency within days, the Wall Street Journal reported on Monday, after Credit Suisse (SIX:CSGN) earlier said it had suspended $10 billion of funds that backed the London-based company's lending operations. Greensill, backed by Japan's Softbank Group, has appointed Grant Thornton for...

01 March

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Britain’s financial watchdog bosses take pay cut after LCF report By Reuters

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LONDON (Reuters) - Executive committee members of Britain's Financial Conduct Authority face pay cuts and no bonuses in future following a highly critical report into the collapse of London Capital & Finance (LCF) investment fund, the FCA's chair said on Monday. "We decided that consequences that flow from this should be collective," Charles Randell told parliament's Treasury Select Committee. Current Bank of...

01 March

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Investors Poured Record $86 Billion Into Equity ETFs in February By Bloomberg

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(Bloomberg) -- When faced with a spike in Treasury yields and a tech sector pullback that erased $1 trillion from stock prices, exchange-traded fund investors decided to pour more money into equities. Despite the recent turmoil in the bond market, the S&P 500 Index extended a rally from its March 2020 lows to more than 70% and ETFs tracking stocks notched their best...

01 March

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UK “very hopeful” for Vauxhall factory’s future as investment decision looms By Reuters

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LONDON (Reuters) - Britain is "very hopeful" that a good outcome can be found for the Vauxhall car factory, business minister Kwasi Kwarteng said on Monday, as its owners weigh up Brexit and electrification in a major investment decision. Parent company PSA said in 2019 it wanted to keep open the Ellesmere Port plant, which employs 1,000 people, by making the...

01 March

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FTSE 100 jumps as bond rout eases, Sterling steady, Bitcoin bounces By Investing.com

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By Samuel Indyk Key Points FTSE 100 begins the month on the front foot Homebuilders jump ahead of budget Bitcoin rallies, $50,000 in sight Bond rout subsides for now Investing.com – The FTSE 100 began the month on the front foot and had its best day since February 15th as the rout in the bond market subsided for now. Further supporting stocks in...

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News

English roadmap out of lockdown on track despite Brazil variant, health minister says By Reuters

Summer vacations abroad still uncertain, UK health official says By Reuters

UK business interruption insurance anguish far from over By Reuters

English health authority says vaccines 80% effective at preventing hospitalisations in over-80s By Reuters

U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 1.68% By Investing.com

Greensill Capital in trouble as Credit Suisse suspends funds By Reuters

Britain’s financial watchdog bosses take pay cut after LCF report By Reuters

Investors Poured Record $86 Billion Into Equity ETFs in February By Bloomberg

UK “very hopeful” for Vauxhall factory’s future as investment decision looms By Reuters

FTSE 100 jumps as bond rout eases, Sterling steady, Bitcoin bounces By Investing.com

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