Posted by support on October 26, 2016

LONDON (Reuters) - Lloyds Banking Group (L:LLOY) on Wednesday reported third-quarter profits largely unchanged from a year ago, confounding initial expectations of a sharp squeeze on earnings caused by Britain's surprise vote to quit the European Union.
Underlying pretax profits were 1.9 billion pounds, slightly under the 1.97 billion pounds booked in the corresponding period a year ago.

Posted by support on October 26, 2016

LONDON (Reuters) - Britain backed a $22 billion (18.06 billion pounds) expansion of London's Heathrow Airport on Tuesday, ending 25 years of indecision with an ambitious plan to boost global trade links following the vote to leave the European Union.
Heathrow, Europe's busiest airport, defeated a proposal from smaller rival Gatwick to secure the first new full-length runway to be built near London in 70 years after environmental and political protests scuppered previous attempts.

Posted by support on October 19, 2016

BRUSSELS (Reuters) - Theresa May's first EU summit was never going to be easy but Thursday's encounter in Brussels may be a thoroughly bleak affair now that fellow leaders feel she has taken a hard line on breaking away from the European Union.
The British prime minister caught the other 27 off guard on Oct. 2 when, having campaigned to stay in the bloc, she thrilled her Conservatives' conference in Birmingham with rousing pledges to start Brexit talks by March, curb immigration and reject EU court rulings -- a recipe, EU leaders said, for "hard Brexit".

Posted by support on October 19, 2016

BRUSSELS (Reuters) - Theresa May's first EU summit was never going to be easy but Thursday's encounter in Brussels may be a thoroughly bleak affair now that fellow leaders feel she has taken a hard line on breaking away from the European Union.
The British prime minister caught the other 27 off guard on Oct. 2 when, having campaigned to stay in the bloc, she thrilled her Conservatives' conference in Birmingham with rousing pledges to start Brexit talks by March, curb immigration and reject EU court rulings -- a recipe, EU leaders said, for "hard Brexit".

Posted by support on October 18, 2016

(Reuters) - Netflix Inc (NASDAQ:NFLX) added over 50 percent more subscribers than expected in the third quarter as original shows such as "Stranger Things" drew new international viewers and kept U.S. customers despite a price hike, sending its shares soaring 20 percent in late trade.
The company broke a two-quarter trend of disappointing subscription growth. Netflix, which has spent heavily to expand outside its home market, also said that it was on track to start harvesting "material global profits" next year, even as it raised spending on original programming.

Posted by support on October 14, 2016

LONDON (Reuters) - Britain's financial watchdog has found no widespread failures by insurers over the level of information given to customers in poorer health about the pensions they were buying, it said on Friday.
The Financial Conduct Authority (FCA) conducted a sector-wide study of sales of so-called enhanced annuities. These policies, a form of pension that pays out until death, typically offer people in poor health higher payouts than standard annuities because policyholders have shorter life expectancy.

Posted by support on October 14, 2016

DUBAI/TOKYO (Reuters) - Saudi Arabia and Japan's SoftBank Group said they will create a technology investment fund that could grow as large as $100 billion (81.72 billion pounds), aiming to create one of the world's largest private equity funds.
The plan is part of a series of dramatic business initiatives launched by Riyadh this year as Saudi Arabia, its economy hurt by low oil prices, deploys huge financial reserves in an effort to move into non-oil industries.

Posted by support on October 13, 2016

LONDON (Reuters) - British investment company Hargreaves Lansdown (LON:HRGV) said new business growth slowed in the three months to end-September, taking the shine off a record quarter for assets and profits.
The group, which focuses mainly on UK retail investors, was also cautious on its outlook, which contributed to a fall in its shares of more than three percent.
"Despite the higher stock market levels, investor confidence has fallen and there remains much uncertainty about the future economic environment weighing on investors' minds," it said in a statement.

Posted by support on October 13, 2016

LONDON (Reuters) - A legal bid to force the British government to seek parliamentary approval before starting the formal process of leaving the European Union begins on Thursday, with ministers calling it an anti-democratic tactic to delay Brexit.
Prime Minister Theresa May has said she will trigger Article 50 of the Lisbon Treaty, the mechanism by which Britain begins a two-year process to exit the European Union, by the end of March next year and there will be no parliamentary vote beforehand.

Posted by support on October 10, 2016

The oil ministers of Iran and Iraq will not attend informal talks between OPEC and non-OPEC producers in Turkey this week, sources familiar with the matter said on Sunday.
OPEC sources and the Russian energy minister had said on Thursday that ministers from the two countries would be among representatives of OPEC states at the meeting in Istanbul, which is hosting the World Energy Congress.

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