Better-than-expected growth data gave the pound a boost on Wednesday, but that came at the expense of U.K. stocks, weighed by major oil companies and a poor debut for a highly anticipated initial public offering. U.K. gross domestic product rose 1.3% in the final quarter of 2020, versus the previous …
Read More »: Mining stocks have surged in a struggling U.K. market — and have 2 more tailwinds
It’s been a pretty impressive 12 months for the world’s leading miners. The FTSE 350 mining index 156995, -0.22% — which includes diversified mining giants Rio Tinto RIO, -0.13%, BHP Group BHP, +0.35%, Anglo American AAL, -0.23%, and Glencore GLEN, -0.33% — has returned 46% to shareholders over the last year, according to …
Read More »: As stay-at-home trading booms, Tastytrade gets snapped up for $1 billion by U.K. broker
IG Group has agreed to buy U.S. online brokerage Tastytrade for $ 1 billion, in a move that gives the U.K.-listed spread betting company a foothold in the world’s largest derivatives market. The deal — the biggest ever acquisition for FTSE 250-listed IG Group IGG, -9.46% — comprises $ 300 …
Read More »: Boris Johnson government hails ‘new start’ as U.K. completes its departure from EU
LONDON (AP) — Britain’s long and sometimes acrimonious divorce from the European Union ended Thursday with an economic split that leaves the EU smaller and the U.K. freer but more isolated in a turbulent world. Britain left the European bloc’s vast single market for people, goods and services at 11 …
Read More »: U.K. approves coronavirus vaccine AstraZeneca made with Oxford
AstraZeneca on Wednesday said the coronavirus vaccine it’s developed with Oxford University has been approved by the U.K. government. AstraZeneca AZN, +1.05% AZN, +3.31% said the COVID-19 vaccine has been approved for emergency supply in the U.K. so that vaccinations may begin early in the new year. It said the …
Read More »: U.S. to require all air passengers arriving from U.K. to test negative for COVID-19
Starting Monday, the U.S. will require all air passengers coming from the U.K. to have a negative COVID-19 test within 72 hours of their departure, the CDC announced late Thursday night. In a statement, the U.S. Centers for Disease Control and Prevention said President Donald Trump will sign the order …
Read More »: U.K. and EU scrap another deadline and go ‘the extra mile’ to strike a trade deal
U.K. Prime Minister Boris Johnson and Ursula von der Leyen, the president of the European Commission, agreed on Sunday after a phone call that they should go “the extra mile” to try to find a compromise on a trade deal. In a joint statement, the two leaders acknowledged that “deadlines …
Read More »Economic Report: U.K. unemployment rate reaches higher-than-expected 4.5%
Members of the public walk past the Cineworld cinema in Leicester Square on October 05, 2020 in London, England. Dan Kitwood/Getty Images The U.K. jobless rate jumped to 4.5% in the June to August period, the Office for National Statistics reported on Tuesday. The unemployment rate was higher than the …
Read More »Economic Report: U.K. economy records slowest GDP rise since pandemic
People walk through a crowded shopping street in Birmingham, central England on August 22, 2020. justin tallis/Agence France-Presse/Getty Images The U.K. economy grew 2.1% in August, according to data released Friday that showed the slowest monthly gain since the initial lockdowns. The gain in gross domestic product leaves the U.K. …
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