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☆ BMO promotes Alan Tannenbaum to head capital markets division
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

A Bank of Montreal (BMO) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. Tannenbaum joined BMO in 2010 and has held multiple leadership roles, most recently leading global investment and corporate banking, where he worked with corporate, government and financial sponsor clients worldwide. Before then, he headed the global corporate finance solutions group, where he was responsible for capital raising activities. CEO Darryl White said Tannenbaum is "well-positioned to capture new growth opportunities" for BMO Capital Markets. Brad Chapin will take over for Tannenbaum as global head, investment and corporate banking on an interim basis, BMO said.

Persons: Chris Wattie, Alan Tannenbaum, Dan Barclay, Tannenbaum, Darryl White, Barclay, White, Brad Chapin, Nivedita Balu, Jonathan Oatis Organizations: of Montreal, BMO, REUTERS, Companies Bank of Montreal, Bank of Montreal, BMO Capital Markets, Lehman Brothers, Thomson Locations: Ottawa , Ontario, Canada, TORONTO, London, New York, Toronto

☆ Gene editing offers chickens some protection against bird flu -study
▼ + stars: | 2023-10-10 | by ( Tom Polansek | ) www.reuters.com time to read: +3 min

Test tubes labelled "Bird Flu" and eggs are seen in this picture illustration, January 14, 2023. Flu viruses hijack proteins like ANP32 inside cells to help themselves replicate, and the edits in chickens were designed to stop the growth of bird flu. However, they have not bred chickens with three edits yet, said Helen Sang, who previously studied genetically modifying chickens against bird flu at the University of Edinburgh. Unlike genetic modification, which introduces foreign genes, gene editing alters existing genes. The technology is considered to be less controversial than genetic modification and is more lightly regulated in some countries.

Persons: Dado Ruvic, Wendy Barclay, Barclay, Helen Sang, Sang, Tom Polansek, Jamie Freed Organizations: REUTERS, Rights, U.S, Imperial College of London, Nature Communications, University of Edinburgh, European Union, Thomson Locations: Britain, France, U.S

☆ The superyacht version of a 'French palace' is being put up for sale for $23 million by the Barclay family
▼ + stars: | 2023-10-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The UK's billionaire Barclay family is looking to sell the "Lady Beatrice," a 197-foot-long superyacht. The Barclay family, which owns The Telegraph media group, has put up the "Lady Beatrice" for sale for 22 million euros, or $23.2 million, according to a listing by its broker, Edmiston. One writer on autoevolution, a car and transportation site, was so impressed that they called the superyacht "the floating version of a French palace." The Barclay family is known to be very private. AdvertisementAdvertisementEdmiston and the Barclay family did not immediately respond to requests for comment from Insider outside regular business hours.

Persons: Barclay, Beatrice, —, Beatrice Cecelia Taylor, Frederick, David Barclay, David, Sunday Times Rich, Forbes, Hiroko, Frederick's Organizations: The Telegraph, The Times, Service, Telegraph, Lloyds Banking Group, Sunday Times, Bloomberg

☆ UK looks to limit strike impact as doctors take coordinated action
▼ + stars: | 2023-09-19 | by ( Kylie Maclellan | ) www.reuters.com time to read: +3 min

Junior doctors hold placards during a strike, amid a dispute with the government over pay, in London, Britain April 11, 2023. Senior doctors, known as consultants, began a 48-hour walkout on Tuesday and will be joined by junior doctors on Wednesday. They are due to hold three further days of joint strike action next month. Doctors have said they will operate Christmas Day levels of service, providing emergency care. In July, junior doctors were awarded a 6% pay rise and 1,250 pounds ($1,547) for 2023/24, but the British Medical Association trade union says they are still facing a pay cut in real terms.

Persons: Maja Smiejkowska, we've, Steve Barclay, Rishi Sunak, Vishal Sharma, Sunak, Barclay, Kylie MacLellan Organizations: REUTERS, Sky News, Health Service, British Medical Association, BMA, RPI, Times Radio, Thomson Locations: London, Britain, England, France, Italy

☆ Strong retail sales in the face of stubborn inflation bodes well for two of our consumer stocks
▼ + stars: | 2023-09-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

This week's government economic data revealed pockets of durable consumer spending despite sticky inflation, signaling a favorable quarter ahead and further upside for two of our retail stocks. Since Amazon is the largest e-commerce retailer, the government data suggests Amazon sales in the third quarter should be positive sequentially. Case for Costco Strong August retail sales numbers also bode well for Costco which essentially sells most items listed in the government's dataset. According to Jim, Costco has been doing so well because "the consumer seems very intrigued by bargains," as they've dealt with high inflation for over a year. For August, Costco said U.S. sales rose 2.8% from a year ago, slightly edging out the year-over-year, inflation-adjusted 2.5% gain in U.S. retail sales overall, reported by the Commerce Department.

Persons: we're, Morgan Stanley, Amazon's, Jim Cramer, bode, Jim, Jefferies, Costco's Kirkland, Jim Cramer's, Robert Nickelsberg Organizations: Texas, Costco, Amazon, Deal, Management, Commerce Department, Jefferies, Telsey Advisory, CNBC, Costco Wholesale, Getty Locations: U.S, Colchester , Vermont

☆ Three Stock Lunch: Oracle, Papa John's and United Healthcare
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree Stock Lunch: Oracle, Papa John's and United HealthcareDavid Katz, Matrix Asset Advisors chief investment officer, joins 'Power Lunch' to discuss the latest Barclay's Oracle upgrade, how to trade Papa John's after it was moved from mid-cap to a small-cap index and end of year projections for United Healthcare.

Persons: Papa John's, United Healthcare David Katz, Papa Organizations: United Healthcare, Matrix Asset Advisors, Oracle

☆ Novo Nordisk, the maker of Wegovy and Ozempic is now Europe's most valuable company
▼ + stars: | 2023-09-05 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —Novo Nordisk has dethroned Bernard Arnault’s luxury goods giant LVMH as Europe’s most valuable company. At the close of trading Monday, Novo Nordisk (NVO) had a market capitalization of 2.96 trillion Danish krone ($428 billion). “We are just scratching the surface,” Novo Nordisk CEO Lars Fruergaard Jørgensen told CNN’s Meg Tirrell in a recent interview. Novo Nordisk has raked in almost 49 billion Danish krone ($7 billion) in profit over the first six months of this year, up 30% from the same period in 2022. Booming sales of its drugs have led to an influx of US dollars into Denmark’s economy, pushing up the value of the Danish krone.

Persons: Bernard, Wegovy, Louis Vuitton, Hennessy, —, “, Steve Barclay, Carsten Snejbjerg, Lars Fruergaard Jørgensen, CNN’s Meg Tirrell, …, ” Organizations: London CNN — Novo Nordisk, Novo Nordisk, Louis, Health Service, Health, Social Care, Nordisk, Nordisk's, Bloomberg, Getty, World Health Organization, Danish krone, European Central Bank, Novo, UBS, Wegovy Locations: Danish, Ozempic, Wegovy, United States, Copenhagen, Denmark, Denmark’s, Novo Nordisk’s

☆ Walker Cup: United States fights back to beat Great Britain and Ireland
▼ + stars: | 2023-09-04 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —The United States drew first blood in a month of international golf battles, fighting back to defeat Great Britain and Ireland at the 49th Walker Cup on Sunday. It’s certainly the pinnacle of my golfing life,” McCoy, who suffered a bruising 16.5 - 9.5 defeat in his sole Walker Cup playing appearance in 2015, told reporters. Robert Perry/APFirst blow landedIt’s a boost for American golf ahead as it seeks to avenge defeats in a Solheim Cup and Ryder Cup doubleheader later this month. Typically staged in alternative years, the postponement of the 2020 Ryder Cup due to the coronavirus pandemic means both the women’s and men’s events will be played across a two-week period. Team USA will hold home advantage in its bid to make it five in a row at the 50th Walker Cup at Cypress Point, California, in September 2025.

Persons: Mike McCoy, “, It’s, ” McCoy, …, Robert Perry, Stuart Wilson’s, England’s John Gough, –, Gordon Sargent, Nick Dunlap, Sargent, Dunlap, Barclay Brown, Oisin, ” Scotland’s Wilson, They’ll, they’ve, They’ve, ” Wilson's, Finca, Italy’s Marco Simone Golf Organizations: CNN, United States, Walker, Sunday, ”, Ireland, Dunlap, Solheim, Ryder, Country Club, Team USA Locations: Great Britain, Ireland, Andrews, Scotland, Spain, Cypress Point , California

☆ UK's Lloyds in talks with Barclay family, Carlyle over Very Group - FT
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsSept 1 (Reuters) - Britain's Lloyds Banking Group (LLOY.L) is in talks with the Barclay family and U.S. private equity firm Carlyle (CG.O) over Very Group, an online retailer and financial services provider, the Financial Times reported on Friday. "The Very Group continues to perform well and is operating as normal with robust liquidity," a Very Group spokesperson said in an e-mail. Lloyds and Carlyle did not immediately respond to Reuters' requests for comment. The Barclay family could not be immediately reached. Reporting by Pushkala Aripaka and Saikeerthi in Bengaluru; Editing by Shailesh Kuber and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Barclay, Carlyle, Pushkala Aripaka, Shailesh Kuber, Maju Samuel Organizations: Lloyds Bank, REUTERS, Lloyds Banking Group, Financial Times, Telegraph, Lloyds, Thomson Locations: Saikeerthi, Bengaluru

☆ Goldman Sachs sees Salesforce rallying more than 50% after strong earnings
▼ + stars: | 2023-08-31 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Salesforce 's latest earnings have Goldman Sachs even more excited for the tech stock's future. A day earlier, Salesforce reported fiscal second-quarter earnings and revenue that beat expectations , while also issuing better-than-forecasted guidance for the current quarter. Goldman Sachs analyst Kash Rangan raised his price target on Salesforce by $15 to $340 per share, implying upside of 58.1%. His price target would mark a continuation of this year's rally, with the stock already up more than 62% in 2023. "Salesforce delivered strong results, even despite the negative investor sentiment heading into the print," he said.

Persons: Salesforce, Goldman Sachs, Kash Rangan, Rangan, couldn't, Brad Sills, Brad Zelnick, Lenschow, — CNBC's Michael Bloom Organizations: Microsoft, Adobe, Intuit, Autodesk, of America, Deutsche Bank Locations: CY24, reaccelerating

☆ The market has reacted to Powell's comments neutrally, says former Dallas Fed President Fisher
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market has reacted to Powell's comments neutrally, says former Dallas Fed President FisherRichard Fisher, Barclay's senior advisor and former U.S. Federal Reserve Bank of Dallas president, joins 'Halftime Report' to discuss the market reaction to Powell's Jackson Hole remarks, Fed Chair Powell's professional expertise, and the economy's strength.

Persons: Fisher Richard Fisher, Barclay's, Powell's Jackson Organizations: Dallas Fed, U.S . Federal Reserve Bank, Dallas

☆ Schonfeld's growing pains: Ryan Tolkin reckons with his greatest challenge yet as returns dry up at the $13 billion hedge fund
▼ + stars: | 2023-08-23 | by ( Alex Morrell | ) www.businessinsider.com time to read: +14 min

When it was raising fresh money from investors in 2020, one slide on the pitch deck for the hedge fund Schonfeld Strategic Advisors got to the heart of the issue: "Why Schonfeld?" A hedge fund recruiterAmid the weakness, the fund has begun to prune costs. Steve Schonfeld (class of 1977) and Brad Tolkin (class of 1976) attended Roslyn High School in Roslyn Heights, New York. Tolkin told Insider in 2019 that the firm's goal was no less than becoming "the premier equities hedge fund globally." While Steven Schonfeld's 20% annual-return goals would've been ambitious for any sizable hedge fund, returns have also lagged behind peers.

Persons: Israel Englander, Ryan Tolkin, Steve Schonfeld, hasn't, It's, Schonfeld, Quita Ramirez, Trina Geatz, who've, Tolkin, Goldman Sachs, Andrew Fishman, Goldman Sachs —, Steven Schonfeld's, Ryan Tolkin's, Brad Tolkin, Brad, Jeff, Alex Morrell Steve, CJ, Sean, Ryan, Brad Tolkin's, Steven Schonfeld, Ryan —, who's, Steve, Michael Gelband, Michael Englander, Izzy Englander's, Steven, Sharpe, Fishman, Michael Nagle, Colin Lancaster, would've, Brevan Howard, ExodusPoint Organizations: Citadel, Duke, Goldman, Long, Newsday, Schonfeld Securities, Roslyn High School, American Express, Cleveland Cavaliers, Jewish, —, Bloomberg, Strategic Partners, Equity, Schonfeld, Nasdaq, Management Locations: Israel, Miami, Stamford , Connecticut, Manhattan, Delta, Duke, Long Island, Roslyn Heights , New York

☆ Daily Mail in talks with investors over potential bid for Britain's Telegraph
▼ + stars: | 2023-08-12 | by ( ) www.reuters.com time to read: +1 min

A clock face is seen outside of the London offices of the Daily Mail newspaper in London, Britain, April 28, 2018. REUTERS/Toby Melville/File PhotoAug 12 (Reuters) - The Daily Mail and General Trust has registered its interest with British bank Lloyds (LLOY.L) for a potential bid for The Telegraph, a spokesperson told Reuters on Saturday. Individual external investors would be unlikely to own more than 20% of the Telegraph titles if they formed part of a consortium with the Daily Mail proprietor, the report added. Last month, the Telegraph and Spectator appointed investment bank Goldman Sachs (GS.N) and law firm Linklaters to advise on their sale. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Giles ElgoodOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, Rothermere, Barclay, Goldman Sachs, Linklaters, Kanjyik Ghosh, Giles Elgood Organizations: Daily Mail, REUTERS, General Trust, Lloyds, The Telegraph, Sky News, DMG, Telegraph, Daily, Sunday Telegraph, Spectator, Thomson Locations: London, Britain, Bengaluru

☆ New York to pay $13 million to protesters arrested during George Floyd protests
▼ + stars: | 2023-07-20 | by ( Rachel Nostrant | ) www.reuters.com time to read: +3 min

[1/3] Protesters march following the verdict in the trial of former Minneapolis police officer Derek Chauvin, found guilty of the death of George Floyd, in Brooklyn, New York City, New York, U.S., April 20, 2021. REUTERS/Jeenah Moon/File PhotoNEW YORK, July 20 (Reuters) - The city of New York has agreed to pay $13 million to hundreds of people arrested during the 2020 George Floyd demonstrations, according to attorneys for the plaintiffs, who said it was the largest class action settlement ever paid to protesters in the United States. The city agreed Wednesday to pay $9,950 to each of the more than 1,300 protesters arrested by New York police officers during various protests between May 28 and June 4, 2020, according to a release by the attorneys for the plaintiffs. "The City and NYPD remain committed to ensuring the public is safe and people’s right to peaceful expression is protected," it said. In a separate settlement in March, New York agreed to pay an estimated $7 million to more than 300 people arrested during a June 4, 2020, demonstration in New York's Bronx borough.

Persons: Derek Chauvin, George Floyd, Floyd, Black, Remy Green, Colleen McMahon, Savitri Durkee, Rachel Nostrant, Aurora Ellis Organizations: REUTERS, New York, City, NYPD, New York Police Department . People, U.S, Protesters, Barclay's, Thomson Locations: Minneapolis, Brooklyn , New York City , New York, U.S, New York, United States, New York City, City, Brooklyn, , New York, New York's Bronx

The NYPD will pay $13 million to settle allegations of widespread brutality at George Floyd protests in 2020. An image from citizen cellphone video compiled in a class action lawsuit alleging NYPD misconduct during George Floyd protests in the summer of 2020. An image from citizen cellphone video compiled in a class action lawsuit alleging NYPD misconduct during George Floyd protests in the summer of 2020. An image from citizen cellphone video compiled in a class action lawsuit alleging NYPD misconduct during George Floyd protests in the summer of 2020. Complicating this, the NYPD brought in officers from specialized units that more typically handle terrorism or riot situations, Cohen said.

Persons: George Floyd, Elena Cohen, Cohen, Mott, Plaintiff Dara Pluchino, Pluchino, Wylie Stecklow, Gideon Orion Oliver, Beldock Levine, Hoffman, Mott Haven kettling Organizations: Service, NYPD, New, Cohen & Green, Barclay Center, Police, Barclay, Force, Research, Human Rights Watch Locations: Wall, Silicon, New York City, York City, Mott Haven, Bronx, Queens , New York, Brooklyn

☆ UK's BMA union willing to cancel strikes for suitable pay offer
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +2 min

[1/2] Junior doctors hold placards during a strike, amid a dispute with the government over pay, in London, Britain April 11, 2023. REUTERS/Maja Smiejkowska/File PhotoJuly 3 (Reuters) - The British Medical Association (BMA), which represents about 45,000 junior doctors in England, said on Monday its members were willing to cancel strikes if the government presented them with a suitable pay offer. Separately, BMA's consultants committee also called on the government last month asking for a credible pay offer, to avoid strikes on July 20 and 21. The consultants committee said it is willing to cancel strikes if a suitable offer is presented. The BMA has said the latest pay offer of a 5% increase for 2023/24 was not credible since it was "nowhere near addressing pay erosion over the last 15 years."

Persons: Maja Smiejkowska, Vivek Trivedi, Rishi Sunak, Vishal Sharma, Steve Barclay, Barclay, Lavanya Ahire, Robert Birsel, Jacqueline Wong Organizations: REUTERS, British Medical Association, BMA, BMA Junior, British Health, Times, of Health, Social, Thomson Locations: London, Britain, England, Bengaluru

☆ How many followers you need on Instagram to get paid
▼ + stars: | 2023-07-03 | by ( Sydney Bradley | Shriya Bhattacharya | ) www.businessinsider.com time to read: +3 min

Instagram influencers share how many followers they needed to get paid and how much they earn. With a few thousand followers on Instagram these days, it's easy to ask yourself: When can I start making money? Many Instagram influencers get paid with less than 10,000 followers. For instance, Tess Barclay, a Toronto-based nano influencer who creates lifestyle content, started earning money with a few thousand Instagram followers. Check out 7 top brands that work with micro influencers on Instagram, TikTok, and moreToday, Instagram influencers no longer need hundreds of thousands of followers to start earning cash.

Persons: Instagram, influencers, Tess Barclay, Barclay Organizations: Live Locations: Toronto

☆ How to create an influencer media kit to pitch brands
▼ + stars: | 2023-06-28 | by ( Amanda Perelli | Nathan Mcalone | ) www.businessinsider.com time to read: +4 min

Read the simple one-page media kit nano influencer Tess Barclay uses to get deals with brands like Princess Polly and Ana LuisaBut influencer media kits can also be longer. Entrepreneur and YouTuber Marina Mogilko runs three successful YouTube channels and uses a media kit to pitch her business to brands. Read the the exact 24-page media kit a YouTuber with millions of subscribers uses when she reaches out to brandsMogilko uses a 24-page media kit. Marina MogilkoYouTuber media kit examplesRoberto Blake Roberto BlakeInstagram influencer media kit examplesAlexa Collins Alexa Collins. TikToker media kit examples:

Persons: Macy Mariano, It's, Influencers, Tess Barclay, Princess Polly, Ana Luisa, Jour'dan Haynes, Garnier, Burger King, Read Haynes, YouTuber Marina Mogilko, Marina Mogilko, Roberto Blake Roberto Blake Instagram, Collins Alexa Collins Organizations: Media, YouTube, Brands Locations: Toronto

☆ Tesla's value is dismissing fundamental challenges, says Barclay's Dan Levy
▼ + stars: | 2023-06-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's value is dismissing fundamental challenges, says Barclay's Dan LevyDan Levy, senior autos analyst at Barclays, joins 'The Exchange' to discuss the decision to downgrade Tesla, growing competition in the EV space, and more.

Persons: Barclay's Dan Levy Dan Levy Organizations: Barclays

☆ Telegraph’s $750 million price implies vanity contest
▼ + stars: | 2023-06-08 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +4 min

That’s the only way to explain a possible 600 million pound ($748 million) price tag for the Britain’s Telegraph Media Group (TMG). EBITDA hit 40 million pounds, up 5%, based on UK filings, while borrowings were minimal. Lloyds reckons the price tag could be as high as 600 million pounds, according to media reports. On that basis, TMG’s value including debt would be just over 100 million pounds. Japanese media group Nikkei bought the Financial Times in 2015 for 2.5 times the previous year’s revenue.

Persons: Liz Truss, Hannah McKay, Nick Hugh, EBITDA, Barclay, Sir Frederick Barclay, David, TMG, AlixPartners, Italy’s Agnelli, B.UK, Liam Proud, Oliver Taslic Organizations: Sunday Telegraph, British, Conservative Party, REUTERS, Reuters, Britain’s Telegraph Media, Spectator, Lloyds Banking Group, Lloyds, Daily, Nikkei, Financial Times, Economist Group, Telegraph Media, Telegraph, Sky News, Thomson Locations: Birmingham, Britain, Bermuda

☆ Telegraph’s $750 mln price implies vanity contest
▼ + stars: | 2023-06-08 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +3 min

That’s the only way to explain a possible 600 million pound ($748 million) price tag for the Britain’s Telegraph Media Group (TMG). EBITDA hit 40 million pounds, up 5%, based on UK filings, while borrowings were minimal. Lloyds reckons the price tag could be as high as 600 million pounds, according to media reports. Japanese media group Nikkei bought the Financial Times in 2015 for 2.5 times the previous year’s revenue. Follow @pamela_msg on TwitterCONTEXT NEWSReceivers chosen by Lloyds Banking Group could put the Telegraph Media Group up for sale after its Bermuda-based parent company B.UK failed to repay bank loans.

Persons: Nick Hugh, EBITDA, Barclay, Sir Frederick Barclay, David, TMG, AlixPartners, Italy’s Agnelli, B.UK, Liam Proud, Oliver Taslic Organizations: Reuters, Britain’s Telegraph Media, Sunday Telegraph, Spectator, Lloyds Banking Group, Lloyds, Daily, Nikkei, Financial Times, Economist Group, Conservative Party, Telegraph Media, Telegraph, Sky News, Thomson Locations: Bermuda

☆ Telegraph faces sale after UK lender takes control of owners
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - The Telegraph group of newspapers could be sold after the Bank of Scotland appointed receivers for shares of the publisher's owners who failed to repay loans by the bank, restructuring group AlixPartners said on Wednesday. No operational changes are expected for the media businesses or their employees, and "neither the Telegraph Media Group (TMG) nor The Spectator are entering administration," AlixPartners added. The Barclay family owns shares of B.UK Ltd, a holding company within the Penultimate Investment Holdings Limited (PIHL) Group that indirectly owns Telegraph Media Group Limited (TMG) and The Spectator magazine. AlixPartners said the receivers may reach a resolution which could involve the Telegraph and Spectator businesses being sold. Sky News reported on Tuesday that Lloyds was set to launch a 600 million pound ($745.4 million) auction of the Telegraph newspapers and The Spectator magazine.

Persons: AlixPartners, Alastair Beveridge, Ben Browne, Barclay, Aidan Barclay, Howard Barclay, Philip Peters, Rigel Mowatt, Gokul Pisharody, Bharat Govind Gautam, Chiara Ellsei, Chris Reese, Richard Chang Organizations: Telegraph, Bank of Scotland, Lloyds Banking Group, Telegraph Media, B.UK Ltd, Investment Holdings, Group, Telegraph Media Group, Spectator, The Spectator, Sky News, Lloyds, Thomson Locations: Bengaluru

☆ Dollar sags as Fed bets ebb, debt bill passes; Aussie soars
▼ + stars: | 2023-06-02 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

The Australian dollar surged after an increase in the minimum wage stoked bets for the central bank to raise rates again next week. A day earlier, Fed Governor Philip Jefferson had said that "skipping a rate hike at a coming meeting would allow the committee to see more data before making decisions about the extent of additional policy firming." "Maybe they hike in June, maybe in July, or maybe they don't hike any more." Money markets currently see about 29% odds of a hike, down from near 70% earlier in the week. Traders currently lay about one-third odds on a quarter-point rate hike on Tuesday.

Persons: Patrick Harker, Philip Jefferson, Shinichiro Kadota, Christine Lagarde, Joe Biden, Monday's, Ray Attrill, NAB's, Kevin Buckland, Sam Holmes Organizations: U.S, Federal Reserve, Australian, Philadelphia Fed, Barclay, European Central Bank, National Australia Bank, Traders, Thomson Locations: TOKYO, U.S, Tokyo

☆ UK government says it is meeting with food bosses over high prices — but denies it will impose caps
▼ + stars: | 2023-05-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The government is reportedly in discussions with supermarkets over voluntary price caps on some items. "The government is not considering imposing price caps. Any scheme to help bring down food prices for consumers would be voluntary," a government spokesperson told CNBC by email. "We know the pressure households are under with rising costs and while inflation is coming down, food prices remain stubbornly high. That's why the prime minister and the chancellor have been meeting with the food sector to see what more can be done."

☆ UK govt to ask supermarkets to cap prices of basic food items - Telegraph
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, May 28 (Reuters) - The British government is looking at plans to have retailers cap the prices of basic food items such as bread and milk, the Telegraph reported, as the cost of such essentials continued to rise in the double digits. However, asked about such price controls, health minister Steve Barclay told BBC TV it was "not my understanding" on Sunday. 10 Office is in talks with supermarkets on a deal similar to one in France where major retailers charge the "lowest possible amount", the Telegraph reported on Saturday. Major supermarkets such as Tesco and Sainsbury's have announced price cuts on some food items in recent weeks. High food prices are a direct result of the soaring cost of energy, transport, and labour, as well as higher prices paid to food manufacturers and farmers," BRC's Andrew Opie said.

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