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* Britain's banks expect $22 bln in bad loans* Pandemic, Brexit, interest rates drive underperformance* Cost-cutting likely in face of rising loan lossesBy Iain Withers and Lawrence WhiteLONDON, Aug 5 (Reuters) - Britain's banks took a gloomier view...
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UK DIRECTOR DEALINGS SUMMARY: LSEG HR Head Jones Sells 10,000 Shares
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(Sharecast News) - Could a French telecoms billionaire be circling BT's Openreach arm? The mutter from the City gutter is that the secretive Patrick Drahi has set his sights on the division that maintains Britain's telephone lines and internet cables. Drahi, a powerful dealmaker, now resides in Switzerland but made his fortune in France building telecoms groups Altice. The rumour claims that one of the Altice companies Drahi controls - perhaps Altice USA - has secured financial backing from heavyweight bankers at JP Morgan with a view to paying £20billion for the unit. - Mail on Sunday
Read moreLONDON MARKET CLOSE: Stocks Down As European Data Gives Reality Check
Read more(Adds banking reaction, credit impact of forbearance)By Huw JonesLONDON, July 31 (Reuters) - Britain's banks may need to consider longer-lasting support for customers who continue to face difficulties with loan repayments after COVID-19 relief mea...
Read more(Adds more detail)By Huw JonesLONDON, July 31 (Reuters) - Britain's banks may need to consider introducing "sustainable forbearance" for customers who continue to face difficulties with loan repayments after COVID-19 relief measures end in the aut...
Read more* Bank sets aside 2.1 bln pounds in bad loan provisions in Q2* Charges push lender into first-half loss of 770 mln pounds* Bank forecasts worst-case GDP drop of 17% (Adds shares, investor reaction, quote)By Iain Withers and Lawrence WhiteLONDON, Ju...
Read more* Bank sets aside 2.1 bln pounds in bad loan provisions in Q2* Charges push lender into first-half loss of 770 mln pounds* Bank forecasts worst-case GDP drop of 17% (Adds details, context)By Iain Withers and Lawrence WhiteLONDON, July 31 (Reuters) ...
Read moreLONDON MARKET CLOSE: Stocks Sink As US Economy Hit By Historic Decline
Read more(Sharecast News) - Tullow Oil: Berenberg downgrades to hold with a target price of 40.0p.
Read more* Major banks eye September office return for thousands of staff* Employer offerings include Friday night drinks, car/bike parking* Some banks taking advice on pandemic-proofing office hubsBy Sinead CruiseLONDON, July 30 (Reuters) - Investment bank...
Read moreUK BROKER RATINGS SUMMARY: Berenberg Downgrades Tullow Oil To Hold
Read more* Bellwether bank makes 2.4 bln stg loss provision* Posts pretax loss of 602 mln stg, income falls* Says support of the economy will come at cost* Ramps up worst-case economic assumptions (Adds analyst, CEO comments)By Iain Withers and Sinead Cruise...
Read more* Bellwether bank makes 2.4 bln stg loss provision* Posts pretax loss of 602 mln stg, income falls* Says support of the economy will come at cost* Ramps up worst-case economic assumptions (Adds details, analyst comment)By Iain Withers and Sinead Cru...
Read moreLONDON MARKET CLOSE: Stocks Mixed As Market Awaits Dovish Fed Decision
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