Showing results for "First UK"
business
UK Inflation Falls Less Than ExpectedUK inflation cooled less than expected last month, fueling doubt about when the Bank of England can start cutting interest rates. The Consumer Prices Index rose 2.3% from a year ago in April, the Office for National Statistics said Wednesday. Bloomberg’s Lizzy Burden reports.May 22, 2024
markets
Citigroup Fined Over $444 billion Fat-Finger Trading BlunderCitigroup has been fined £61.6 million ($79 million) by UK regulators for failures after a London staffer’s fat-finger trade caused a flash crash in European stocks in 2022. The trader had intended to sell a basket of equities valued at $58 million but made an inputting error while entering the order that resulted in a basket valued at $444 billion being created, according to the FCA. Bloomberg Radio hosts Stephen Carroll and Tom Mackenzie discuss with our EMEA head of finance and investing Tom Metcalf. (Source: Bloomberg)May 22, 2024
markets
BC Partners-Backed Springer Nature Adds Banks for German IPOSpringer Nature, the private equity-backed academic publisher, has added a raft of banks for a renewed listing attempt that could give it a market value of as much as €7 billion ($7.6 billion), according to people familiar with the matter.May 22, 2024
markets
Nvidia Earnings Preview, UK Inflation Figures Tempers Rate Cut Bets | Daybreak: Europe 05/22/2024Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show with Tom Mackenzie, we looked at Nvidia's upcoming earnings, the growing divergence between the Fed and ECB, plus UK inflation. (Source: Bloomberg)May 22, 2024
industries
British Land Weighs New Office Projects as London Demand SoarsThe amount of office space in the City of London that’s under offer to lease is at its highest in almost a quarter of a century, prompting developer British Land Co. to weigh bringing forward new projects to capture booming demand.May 22, 2024