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Reuters - 3 days ago

FTSE 100 rises ahead of key central bank meetings

UPDATE 1-FTSE 100 rises ahead of key central bank meetings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.1%, FTSE 250 up 0.2% Playtech leaps after hiking core profit forecast Phoenix Group down on halting SunLife sale BoE rate cut helps boost UK housing market but concerns remain Sterling gains ahead of UK inflation data, BoE meeting this week Fed monetary policy meeting, due Wednesday Updated at 1545 GMT By Khushi Singh

Reuters - 3 days ago

European shares end marginally lower on tech drag; Fed in focus

UPDATE 2-European shares end marginally lower on tech drag; Fed in focus For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window France's Rexel jumps after rejecting $9.4 bln QXO bid UK insurer Phoenix falls on halting sale of unit SunLife STOXX 600 down 0.2% Updated at 1600 GMT By Shubham Batra and Shashwat Chauhan Sept 16 (Reuters) - Europe's STOXX 600 closed slightly lower on Monday as losses in heavyweight technology shares weighed on the in

Reuters - 3 days ago

Tepid start for STOXX as miners weigh

LIVE MARKETS-Tepid start for STOXX as miners weigh STOXX 600 up 0.1% Miners down after China data M&A activity provides lifts Week's cenbank meetings loom Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com TEPID START FOR STOXX AS MINERS WEIGH The STOXX 600 .STOXX has kicked off the week hovering around flat, last up 0.1% after mostly flashing red for the first hour of trading.

Reuters - 3 days ago

UK insurer Phoenix falls on halting sale of unit SunLife

BUZZ-UK insurer Phoenix falls on halting sale of unit SunLife ** Shares in Phoenix Group PHNX.L down 2.7% at 561p, top loser on FTSE 100 index .FTSE ** The British insurer halts sale process of its SunLife business due to market uncertainty ** Says "Given the current uncertainty in the protection market, the Board ....will focus on enhancing the va

Reuters - 3 days ago

Weak start for Europe ahead of packed week

LIVE MARKETS-Weak start for Europe ahead of packed week Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com WEAK START FOR EUROPE AHEAD OF PACKED WEEK European stocks are heading for a lacklustre start to what promises to be an eventful week, as traders gear up for policy decisions from the Fed, the Bank of England, and the Bank of Japan, as well as some key data.

Reuters - 3 days ago

UK Stocks-Factors to watch on Sept 16

UPDATE 1-UK Stocks-Factors to watch on Sept 16 Updates futures, adds new items in bullets 1, 2 and 9 Sept 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Monday, with futures FFIc1 down 0.15%. * PHOENIX GROUP: British insurer Phoenix Group PHNX.L reported its first-half earnings and total cash ahead of market expectations on Monday, boosted by its pensions and savings business, but halted the sale process of its SunLife business due to market uncertainty.

Reuters - 3 days ago

UK insurer Phoenix halts SunLife sale on regulatory uncertainty

UPDATE 2-UK insurer Phoenix halts SunLife sale on regulatory uncertainty Britain's financial watchdog examining pure protection insurance Shares fell 2.8% as SunLife news overshadowed strong results Phoenix's H1 cash generation and profit surpassed expectations Adds CEO comments in paragraphs 3,5, background and shares throughout By Yadarisa Shabong Sept 16 (Reuters) - British insurer Phoenix Group PHNX.L has stopped the sale process of its SunLife business, it said on Monday, citing regulatory

Reuters - 3 days ago

Phoenix Group Targets £900 Mln Of IFRS Adj Operating Profit In 2026

BRIEF-Phoenix Group Targets £900 Mln Of IFRS Adj Operating Profit In 2026 Sept 16 (Reuters) - Phoenix Group Holdings PLC PHNX.L : PHOENIX GROUP HLDGS - 2024 INTERIM RESULTS PHOENIX : DECLARED AN INTERIM DIVIDEND WHICH IS A 2.5% YEAR-ON-YEAR INCREASE PHOENIX GROUP HOLDINGS PLC - REPORTS HY IFRS LOSS AFTER TAX OF £646M PHOENIX : ON TRACK TO DELIVER

Reuters - 3 days ago

UK insurer Phoenix posts 15% rise in profit, halts sale of SunLife

UK insurer Phoenix posts 15% rise in profit, halts sale of SunLife Sept 16 (Reuters) - British insurer Phoenix Group PHNX.L on Monday reported a 15% jump in operating profit in the first half of the year on strength in its pensions and savings business. The group, however, said it has halted the sale process of its SunLife business, citing current uncertainty in the market.

Reuters - 6 days ago

UK corporate earnings week ahead

DIARY-UK corporate earnings week ahead Sept 13 (Reuters) - Diary of U.K (.FTSE) corporate earnings for the week ahead UK EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 16-Sep-2024 NTS PHNX.L Phoenix Group Holdings PLC Half Year 2024 Phoenix Group Holdings PLC Earnings Release 17-Sep-2024 BMO KGF.L Kingfisher PLC Half Year 2025 Kingfisher PLC Earnings Release 19-Sep-2024 06:00 NXT.L Next PLC Half Year 2024 Next PLC Earnings Release ** All times are listed in BMO - 'Before market

Reuters - 6 days ago

Europe's STOXX 600 corporate earnings week ahead

DIARY-Europe's STOXX 600 corporate earnings week ahead Sept 13 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 16-Sep-2024 13:30 BARN.S Barry Callebaut AG Barry Callebaut AG EUDR Investor Webinar 16-Sep-2024 NTS PHNX.L Phoenix Group Holdings PLC Half Year 2024 Phoenix Group Holdings PLC Earnings Release 17-Sep-2024 BMO KGF.L Kingfisher PLC Half Year 2025 Kingfisher PLC Earni

Reuters - 1 week ago

BMW, Legrand, Sodexo

EUROPE RESEARCH ROUNDUP- BMW, Legrand, Sodexo Sept 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Legrand and Sodexo, on Wednesday. HIGHLIGHTS * BMW BMWG.DE : HSBC cuts target price to EUR 85 from EUR 109 * Kion Group AG KGX.DE : JP Morgan raises to overweight from neutral * Legrand LEGD.PA : JP Morgan raises to overweight from neutral * Phoenix PHNX.L : Peel Hunt cuts target price to 650p from 690p * Sodexo EXHO.PA : JP M

Reuters - 3 weeks ago

Britain should raise pension contributions to plug 'gender gap', consultant Mercer says

Britain should raise pension contributions to plug 'gender gap', consultant Mercer says By Huw Jones LONDON, Aug 28 (Reuters) - The minimum amount that workers and employers in Britain put into pension pots should be raised to help plug a retirement cash gap between men and women, and boost investment in productive assets, pensions consultant Mercer said on Wednesday.

Reuters - 4 weeks ago

Gulf shares mixed in early trade, Powell's speech awaited

MIDEAST STOCKS-Gulf shares mixed in early trade, Powell's speech awaited By Md Manzer Hussain Aug 22 (Reuters) - Stock markets in the Gulf were mixed in early trading on Thursday after the minutes from the most recent meeting of the U.S Federal Reserve cemented expectations for a September rate cut. The Fed's minutes showed policymakers in the U.S.

Reuters - 4 weeks ago

Tether to launch stablecoin pegged to UAE's dirham

UPDATE 2-Tether to launch stablecoin pegged to UAE's dirham Adds context and details in paragraphs 2-4, 10, 12, 15 & 17 By Federico Maccioni and Catherine Cartier DUBAI, Aug 21 (Reuters) - Cryptocurrency company Tether said on Wednesday it would launch a new stablecoin pegged to the United Arab Emirates (UAE) dirham as it taps demand for the Gulf currency and seeks to offer alternatives to the U.S.

Reuters - 4 weeks ago

Tether to provide stablecoin pegged to UAE's dirham

Tether to provide stablecoin pegged to UAE's dirham DUBAI, Aug 21 (Reuters) - The world's largest stablecoin, Tether, said on Wednesday it plans to provide a new stablecoin pegged to the United Arab Emirates (UAE) dirham as it taps demand for the Gulf currency and seeks to offer alternatives to the U.S. dollar. The stablecoin will be launched in collaboration with Abu Dhabi-listed cryptomining and blockchain conglomerate Phoenix Group PHX.AD , the companies announced during an event in Dubai.

Reuters - 4 weeks ago

Britain's insurers told to demonstrate better value for customers

UPDATE 2-Britain's insurers told to demonstrate better value for customers Adds industry reaction in paragraph 6 By Huw Jones LONDON, Aug 21 (Reuters) - Some of Britain's car, home and other insurers are still unable to show they provide good outcomes for consumers, the country's financial watchdog said on Wednesday, a year after the introduction of tougher protections for p olicyholders .

Reuters - 2 months ago

Royal London prepares to enter bulk annuity market

Royal London prepares to enter bulk annuity market By Huw Jones LONDON, Aug 2 (Reuters) - British pensions, investment and life insurance company Royal London said on Friday it was finalising preparations to enter within months the 'bulk annuity' or pensions insurance market, a fast-growing sector attracting more regulatory scrutiny. Royal London reported that first half group operating profit rose to 144 million pounds ($183.36 million), up 13% from 127 million in the same period last year.

Reuters - 2 months ago

British Business - Aug 1

PRESS DIGEST-British Business - Aug 1 Aug 1 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - British insurer Phoenix Group PHNX.L and fund firm Schroders SDR.L have agreed to launch a private markets investment firm, with the aim of investing up to 20 billion pounds ($25.71 billion) into unlisted assets over the next decade.

Reuters - 2 months ago

Financial Times - Aug 1

PRESS DIGEST-Financial Times - Aug 1 Aug 1 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Thames Water breaches licence conditions with fresh rating downgrade - Huw Edwards pleads guilty to accessing indecent images of children - Rio Tinto chief warns over 'big risk' of large acquisition - Phoenix and Schroders team up for private markets venture Overview - Thames Water has had its cr

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