Britain hikes bank tax to 6%
Britain's finance minister is to increase the bank tax to 6%.
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Britain's finance minister hikes bank tax to 6%
Britain is to increase a tax surcharge on banks to 6%, finance minister John Healey said on Wednesday as part of his first budget announcement, resisting intense lobbying pressure from lenders in recent months which had argued any such increase could curb lending.The tax hike comes via an increase…
UK's FTSE 100 logs strongest week in six months on defensive — sector rally
(Updates to markets close) Oct 16 (Reuters) — Britain's blue-chip stocks had their best week in six months, as investors flocking to defensive sectors offset a rout in AI-linked stocks, while finance minister John Healey's reassurances on fiscal discipline also helped risk appetite. The export-heavy FTSE 100 closed 0.3
UK stocks set for weekly gains as investors seek shelter in defensive sectors
(For a Reuters live blog on US, UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Oct 16 (Reuters) — Britain's main stock indexes were heading for weekly gains on Friday, as investors sought refuge in defensive sectors from a rout in AI-linked equities globally, while a dip in bond yields boost
POLL — UK's Healey should rebuild fiscal headroom to about £15 — 16 billion, Reuters poll shows
By Andy Bruce Oct 15 (Reuters) — British finance minister John Healey should rebuild his depleted headroom against the fiscal rules to about £15-16 billion ($20-21 billion) at this month's budget to keep bond investors onside, a Reuters poll of economists showed on Thursday. Headroom, the buffer by which the government
UK stocks close higher as weaker sterling boosts export — heavy sectors
(Updates after market close) Oct 14 (Reuters) — UK stocks ended higher on Wednesday, supported by a rise in healthcare and consumer staples sectors, which gained on a weaker sterling after data showed US inflation came in hotter than expected. The blue-chip FTSE 100 index closed up 0.7% at 10,724.86 points, while the m
FOREX — Euro struggles as investors await US CPI data, Fed speakers
Euro dips against the dollar, hits 16-month low versus sterling Eyes on US CPI data due at 1230 GMT Global finance chiefs in Bangkok for IMF, World Bank meetings (Updates with early US prices) By Sruthi Shankar Oct 14 (Reuters) — The euro struggled to gain traction against the dollar on Wednesday as investors awaited U
FOREX — Dollar eases as investors await CPI data, Fed speakers
(Updates with London morning prices, changes analyst's comment) By Rocky Swift and Sruthi Shankar Oct 14 (Reuters) — The dollar fell further from 18-month highs against the euro on Wednesday as investors awaited US inflation data and comments from Federal Reserve policymakers for fresh clues on the pace of monetary pol