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Defensive Stocks Lead Rebound in FTSE 100

FTSE 100 set to snap 3week losing streak British retail sales dip in May Consumer confidence in the UK hits record low FTSE 100 and FTSE 250 add 1.2 each June 24 Reuters UK39;s FTSE 100 rose on Friday, lifted by defensive stocks at the end of a choppy week that saw investor anxiety over […]
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European Stocks Eye Weekly Gains as Defensives, Tech Shine

STOXX 600 set to break 3week losing streak Tech stocks lead morning gains Zalando plunges after profit warning June 24 Reuters European stocks rose on Friday, led by defensive and technology names, as investors pivoted to safer bets amid growing worries that tighter monetary policies and surging inflation will cause a global recession. The panEuropean […]
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Dollar Stumbles as Rate Path Fuels Recession Worries

TOKYO, June 24 Reuters The U.S. dollar slipped against its major peers on Friday, on course for its first weekly decline this month as investors continue to assess the path for Federal Reserve policy and whether aggressive rate hikes would trigger a recession. The safehaven currency also lost support amid improved market sentiment, which saw […]
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Rouble Stays near 7yr Peaks, OFZ Bonds Climb Higher

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine June 24 Reuters The Russian rouble stabilised near sevenyear peaks on Friday, supported by capital controls and high prices for Russian exports, such as oil and gas, while OFZ government bond prices climbed higher. At 0715 GMT, the […]
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Tesla Sued by Former Employees over Mass Layoff

June 21 Reuters Former Tesla Inc employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a mass layoff violated federal law as the company did not provide advance notice of the job cuts. The lawsuit was filed late on Sunday in Texas by two workers who said they […]
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Barclays Strikes Deal to Buy Mortgage Lender Kensington

LONDON, June 24 Reuters Barclays has struck a deal worth around 2.3 billion pounds 2.8 billion to buy specialist lender Kensington Mortgage Company, extending its reach in Britain39;s housing market. The acquisition represents one of Barclays39; biggest recent transactions and a sizeable bet on the property market. British house prices have continued to rise in the […]
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Ryanair Cabin Staff Strike Cancels Dozens of Flights in Europe

Surging inflation causing labour unrest across Europe Some Ryanair cabin crew demanding better conditions Budget airline says does not expect widespread summer disruption Other airlines face strikes amid struggles with staff shortages LISBONBRUSSELS, June 24 Reuters Some cabin crew at Ryanair went on strike in Belgium, Spain and Portugal on Friday in a dispute over […]
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