General view of the Bank of England building in London. Sopa images | Light rocket | Getty Images It keeps the central bank’s policy rate at a 16-year high of 5.25%, where it has been since August 2023. Seven members of the Monetary Policy Committee voted in favor of maintaining it, while two members favored … Read more
Sun Jun 2, 2024 7:29 PM EDT CNBC Pro: Profits at these five global banks will remain high despite an ECB rate cut, Berenberg says Despite a rate cut expected this week, profits at a handful of major European banks will remain robust, according to Berenberg. One of the lender’s shares could rise more than … Read more
51 minutes ago Mining shares tumble after Anglo American rejects BHP’s takeover bid Mining shares tumbled on Wednesday afternoon after Anglo American rejected a third takeover proposal from rival BHP Group, as the companies agreed to extend the deadline for talks by a week. Anglo shares initially rose before paring gains to 0.65% at 4.10pm … Read more
Marks & Spencer shares are rising after the British retailer posted a 58% annual profit increase Marks & Spencer shares rose on Wednesday, reaching levels last seen in early 2018, according to LSEG data. The company’s shares were last up 7.3% at 10:59 a.m. London time. Stock Chart IconStock chart icon Marks and Spencer The … Read more