- FTSE 100 falls to lowest since November, led by Anglo
Britain’s top share index saw early gains evaporate on Wednesday, with mining stocks like Anglo American still under pressure despite a stabilisation in metal prices.
- Bank of England FPC shows differences over bank risk buffers
Bank of England policymakers differed last month on how soon they might increase the amount of capital banks must hold against economic downturns, the central bank said on Wednesday.
- British Chambers of Commerce downgrades UK growth forecasts
The British Chambers of Commerce on Wednesday downgraded its British growth forecasts for the next three years on the back of weaker trade and manufacturing, which have been dragged by a slowdown in the global economy.
- Analysis – Biggest 2016 risk may be the one just behind us: oil
The biggest financial risk in 2016 may be the one that’s been on stage all year.
- Dow Chemical and DuPont in merger talks – sources
Dow Chemical Co and DuPont are in talks to merge, creating a chemicals giant with a market value of more than $120 billion that could then break up into different businesses, people familiar with the matter said on Tuesday.
- Bank of England joins IFSB Islamic finance body
The Bank of England has joined the Islamic Financial Services Board (IFSB), one of the main standard-setting bodies for Islamic finance, the second Western regulator to do so after Luxembourg.
- British insurer RSA sells Russian operations
RSA Insurance Group <RSA.L> is selling its Russian operations, Intouch Insurance, to Russian pension fund Blagosostoyanie for around 5 million pounds cash, the British insurer said on Wednesday, as part on an ongoing restructuring plan.
- Anglo to keep Australian coal mines not already up for sale
A number of Anglo American Plc operated coal mines in Australia will be spared from a far-reaching global restructuring underway that could lead to 85,000 job losses and billions of dollars in asset sales.
- Adidas CEO says to stay until end of contract in 2017
HERZOGENAURACH, Germany – Adidas. Chief Executive Herbert Hainer plans to stay until the end of his contract in March 2017 even though the board is looking for a successor, saying he expects bumper sales in his last full year in office.
- Ashtead raises profit expectations after strong first half
British industrial equipment hire group Ashtead raised its annual earnings forecast on Tuesday thanks to strong demand in the United States, building on a 21 percent rise in pretax profit in the first half of its financial year.