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The King will set out the government’s agenda in Parliament, but the political plotting continues. Source link
JPMorgan CEO Jamie Dimon attends an interview with Reuters in Detroit, Michigan, U.S., Nov. 5, 2025. Emily Elconin | ReutersJP Morgan may reconsider a planned multibillion-dollar office tower in London if U.K. Prime Minister Keir Starmer is ousted, the bank’s CEO Jamie Dimon said on Wednesday. Speaking to Bloomberg in Paris, the head of America’s biggest bank said that while a change in leadership would not change JP Morgan’s fundamental strategy, it could force the lender to rethink its future in the U.K. capital. JP Morgan announced late last year that it would build a new three-million square foot tower…
European shares rise as oil prices slip on fragile US-Iran ceasefire Source link
SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in Tokyo, Japan Feb. 3, 2025. Kim Kyung-Hoon | ReutersSoftBank booked a yearly gain of $46 billion at its Vision Fund driven mainly by the huge rise in value of its investment in OpenAI. The Japanese giant has invested more than $30 billion in OpenAI, with its investment gains in the company totalling $45 billion in the year ended March. In the three months to the end of March, the Vision Fund saw a gain of around $20 billion, which was nearly all…
Traders work on the floor of the New York Stock Exchange during morning trading on April 20, 2026 in New York City. Michael M. Santiago | Getty ImagesLONDON — European stocks are expected to open higher on Wednesday, bouncing back from losses in the previous session.The U.K.’s FTSE index is seen opening 0.6% higher, Germany’s DAX up 0.5%, France’s CAC 40 up 0.6% and Italy’s FTSE MIB 0.7% higher, according to data from IG.Earnings reports come from Allianz, Deutsche Telekom, Zurich Insurance, Eon, Merck, RWE, Hapag-Lloyd and Porsche on Wednesday.German automation giant Siemens has launched a new 6 billion euros ($7.04…
SCHOTT Pharma reaffirms guidance amid weak polymer syringe demand Source link
The prime minister tells the cabinet he will get on with governing in the face of growing calls for him to resign.The BBC’s Henry Zeffman says Keir Starmer is putting out a “tough message” to Labour MPs that no leadership challenge has been triggered. Source link
U.K. Prime Minister Keir Starmer.Wpa Pool | Getty Images News | Getty ImagesThis report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchNext month will mark a decade since Britain voted to leave the European Union but, as last week’s local elections demonstrate, the vote continues to cast a long shadow.The results highlighted the extent to which the governing Labour Party’s support has fractured along lines echoing the referendum.Labour’s younger voters, chiefly in London and university cities, defected in many cases to the pro-EU Green Party.But even larger numbers of socially conservative white working-class voters in Wales, Scotland…
The conflict in the Middle East has weighed heavily on the world’s biggest luxury stocks , but Barclays sees a buying opportunity with the sector now offering the best value in a decade. Barclays sees upside in “self-help stories” such as LVMH and Gucci-owner Kering , as well as “favors companies” with higher exposure to the jewelry and American consumers, the bank wrote in a note published on Monday. It came as Barclays transfers coverage of luxury stocks to analyst Viktoria Petrova, who predicts the sector will return to about 3% revenue growth this year, then stabilize at 4% growth…
Siemens Q2 profit misses forecasts, orders surge Source link