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Finance

Finance

Pound caught in three-day slide as dollar rallies broadly

Bermuda Broadcasting Newsdesk -
Growth in British business activity cooled this month and inflation pressure built, a survey showed on Wednesday International News via Reuters: The pound fell for a...
Finance

Sterling steady after report says Iran may reopen Hormuz

Bermuda Broadcasting Newsdesk -
The disruption of the crucial shipping route has strained global oil supplies and posed a serious challenge for nations such as the UK, which...
Finance

UK indexes climb as banks lead gains, oil prices retreat

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index rose 0.73% to 10,737.66 points by 0932 GMT after declining almost 1.5% in the last session International News via Reuters: London shares climbed...
Finance

Pound dips as focus stays on interest rates

Bermuda Broadcasting Newsdesk -
Sterling fell 0.1% to $1.338. It was also down slightly against the euro, with the single currency up 0.1% at 85.78 pence International News via...
Finance

London’s FTSE 100 retreats as financials weigh; Airtel Africa tumbles

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index closed 1.4% lower at 10,659.13 points, logging a small weekly gain International News via Reuters: London's FTSE 100 pulled back from...
Finance

US, UK companies cut FX hedges to lowest since 2024, survey shows

Bermuda Broadcasting Newsdesk -
The average hedge ratio fell from 57% to 46%, the lowest level since tracking began in the first quarter of 2024, when the survey...
Finance

Sterling ticks up after UK retail sales beat expectations

Bermuda Broadcasting Newsdesk -
Retail sales volumes rose 0.5% from July, beating economists' forecasts in a Reuters poll for a 0.2% fall International News via Reuters: The pound rose slightly...
Finance

London’s FTSE 100 retreats as banks, energy weigh but eyes weekly rise

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index fell 0.6% to 10,751.57 points by 0953 GMT, poised for its biggest weekly jump since late July International News via...
Finance

FTSE indexes gain after BoE holds rates steady, pauses gilt sales

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index closed 1.2% higher at 10,816.14 points, while the midcap FTSE 250 climbed 1.2% to 24,352.14 points International News via Reuters: The...
Finance

Sterling steady after UK inflation, eyes turn to BoE

Bermuda Broadcasting Newsdesk -
The headline consumer price index rose to 3.1% in August compared with a year ago, its highest level since March, official figures showed just...
Finance

UK regulator bans former law firm owner for unlawful client money transfers

Bermuda Broadcasting Newsdesk -
The Financial Conduct Authority (FCA) said Nurul Miah, who was the non-legal manager of Kingly, dishonestly caused or allowed more than £28 million ($37.73...
Finance

Sterling pinned at one-month lows as oil stays high, Fed rate hike expected 

Bermuda Broadcasting Newsdesk -
Sterling eased 0.2% to $1.347, hovering near its lowest since August 7 International News via Reuters: The pound was stuck at its lowest level in more...
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