25 February

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Britain’s financial watchdog refreshes its top ranks By Reuters

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LONDON (Reuters) - Britain's financial watchdog announced five new appointments on Thursday to refresh its top ranks after a critical report and to speed up decision-making as the financial sector adapts to Brexit. The Financial Conduct Authority (FCA) said Stephanie Cohen will be its new chief operating officer, with Jessica Rusu becoming its first chief data, information and intelligence officer. Sarah Pritchard...

25 February

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China denies requiring U.S. diplomats to take anal swab tests By Reuters

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BEIJING (Reuters) - China's foreign ministry denied on Thursday that U.S. diplomats in the country had been required to take anal swab tests for COVID-19, following media reports that some had complained about the procedure. U.S. media outlet Vice on Wednesday cited a State Department official as saying the test was given in error and that China had said it would stop...

25 February

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Sterling steadies above $1.41 as risk currencies gain By Reuters

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By Ritvik Carvalho LONDON (Reuters) - A rally in risk currencies on Thursday helped Britain's pound steady near $1.41, a day after it hit its highest levels in nearly three years. Sterling surged to $1.4295 on Wednesday, as analysts maintained a positive outlook on the currency. Bets that Britain's vaccine rollout will enable a quicker reopening of its economy and relief...

25 February

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Head of EY Germany to step down amid Wirecard scandal – FT By Reuters

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BERLIN (Reuters) - Hubert Barth, the head of EY in Germany, the auditor which approved the books of collapsed payment services firm Wirecard, is set to step down, the Financial Times reported on Wednesday. The newspaper said Barth is expected to take on a new role at EY. A spokesman for EY Germany declined to comment. In December, German prosecutors opened an...

25 February

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Britain’s Centrica eyes transformation after losses, dividend pause By Reuters

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By Susanna Twidale and Nina Chestney LONDON (Reuters) - Britain’s largest energy supplier Centrica (LON:CNA) will outline a new longer-term strategy in the second half of the year, it said after it posted a 362 million pound loss from continuing operations for 2020 and paused its dividend. The British Gas owner...

25 February

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FTSE 100 climbs as recovery bets boost mining, energy stocks By Reuters

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By Shivani Kumaresan (Reuters) - London's FTSE 100 rose on Thursday, helped by mining and energy stocks that tracked higher commodity prices, while Standard Chartered (LON:STAN) dropped after its annual profit more than halved due to the impact of the COVID-19 pandemic. The commodity-heavy FTSE 100 index was up 0.4%, with mining stocks, including Rio Tinto (LON:RIO), ...

25 February

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On a retro style milk truck, London entrepreneur chases a ‘zero waste’ future By Reuters

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By Natalie Thomas LONDON (Reuters) - Heralded by the whirr of its underpowered electric engine and the clink of bottles stacked in crates on the back, Ella Shone's 'Topup Truck' started life ferrying morning milk to the doorsteps of bleary-eyed Londoners. Twenty years on, and the light vehicle known as a 'milk float'...

25 February

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Miners, banks lead European markets higher as Fed calms inflation woes By Reuters

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(Reuters) - European shares rose on Thursday, led by sectors deemed to benefit from a broader economic recovery as the U.S. Federal Reserve signalled it would maintain a loose monetary policy, while Standard Chartered (LON:STAN) fell as its annual profit slumped. The British lender lost 2.8% even as it restored its dividend and reaffirmed its long-term profit goals in a...

25 February

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BAE Systems eyes more growth after 2020 beat By Reuters

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LONDON (Reuters) - British defence company BAE Systems (LON:BAES) forecast another year of growth in 2021, helped by a new order for Typhoon jets and strong demand in its electronic systems unit, after it beat expectations with a 2% rise in annual earnings per share. For 2021, BAE said that it expected underlying earnings per share would rise by between 3%...

25 February

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Geely and Volvo to launch powertrain venture after merger scrapped By Reuters

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By Yilei Sun and Helena Soderpalm BEIJING/STOCKHOLM (Reuters) - China's Geely Automobile and its Swedish sister company Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations and expand cooperation on electric vehicles, the companies said. A year ago the two said they were planning to merge,...

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News

Britain’s financial watchdog refreshes its top ranks By Reuters

China denies requiring U.S. diplomats to take anal swab tests By Reuters

Sterling steadies above $1.41 as risk currencies gain By Reuters

Head of EY Germany to step down amid Wirecard scandal – FT By Reuters

Britain’s Centrica eyes transformation after losses, dividend pause By Reuters

FTSE 100 climbs as recovery bets boost mining, energy stocks By Reuters

On a retro style milk truck, London entrepreneur chases a ‘zero waste’ future By Reuters

Miners, banks lead European markets higher as Fed calms inflation woes By Reuters

BAE Systems eyes more growth after 2020 beat By Reuters

Geely and Volvo to launch powertrain venture after merger scrapped By Reuters

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