First-half results from grocer J Sainsbury were ahead of market forecasts, but analysts at Shore Capital decided to stay on the fence on the back of continued uncertainties facing companies in the sector. "Whilst we applaud Sainsbury's greater capital discipline, the focus on debt reduction and stre
Read moreUK equities pulled back from a six-week high on Wednesday as a string of disappointing corporate earnings and a gloomier outlook by the Bank of England dampened sentiment. News of a massive fine in the banking sector also caused blue-chip lenders to fall sharply on London's stock market. The FTSE 1
Read moreInvestec maintained its 'buy' recommendation on Barclays after agreeing with the bank's logic in deciding "not to play" in Wednesday's otherwise predictable "round one" of regulatory settlements for forex rigging. After the UK's Financial Conduct Authority (FCA) and the US's Commodity Futures
Read more(Adds UK minister, Treasury committee members) LONDON, Nov 12 (Reuters) - Five of the world's biggest banks will pay almost $3.4 billion in penalties to British, U.S. and Swiss authorities for alleged manipulation of foreign exchange rates. Here are reactions to the fines: GEORG
Read moreLONDON, Nov 12 (Reuters) - Britain's Financial Conduct Authority said Barclays was the only bank it was still investigating in relation to alleged manipulation of currency markets. "Barclays is the only bank that we are currently investigating from an enforcement perspective," FCA director
Read moreLONDON, Nov 12 (Reuters) - Banks that have been fined for attempting to manipulate currency markets should "think hard" about the bonuses they will be handing out to staff, Britain's Financial Conduct Authority said on Wednesday. Clive Adamson, director of supervision at the FCA, told a new
Read moreUK stocks declined on Wednesday, snapping a five-day winning streak that sent the FTSE 100 to a six-week high, as investors digested a wave of corporate earnings and awaited the Bank of England's (BoE) Inflation Report. News of a massive fine across the UK banking sector was also dragging high stree
Read moreLONDON, Nov 12 (Reuters) - European banking shares fell on Wednesday after global regulators imposed penalties totalling $3.4 billion on five major banks in a landmark settlement over allegations of price fixing in the foreign exchange market. Shares in Barclays featured among the biggest l
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