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☆ UK economic recovery picks up steam, overtaking 'sick man' Germany — for now
▼ + stars: | 2023-09-29 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Bloomberg | Bloomberg | Getty ImagesLONDON — The U.K.'s economic performance since the start of the Covid-19 pandemic has surpassed that of France and Germany, according to new data revisions published on Friday. A previous ONS estimate in August had suggested that U.K. GDP was still 0.2% below pre-pandemic levels, making it the slowest recovery among advanced economies. British Finance Minister Jeremy Hunt said in a statement Friday said the revised data "once again proves the doubters wrong." Still a 'flatlining economy' The U.K. economy has proven surprisingly resilient so far. "Unfortunately this snapshot of economic data is not significant enough to change the overall picture of a flatlining economy," said PwC economist Jake Finney.

Persons: Germany —, Jeremy Hunt, Jake Finney Organizations: Bloomberg, Getty, National Statistics, British, IMF, Bank of England Locations: Canary, London, France, Germany, British, Europe, Italy

☆ London hotspots brightened with colourful new artwork
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Sarah Mills/File photo Acquire Licensing RightsLONDON, Sept 28 (Reuters) - Busy spots in London are being brightened up by the work of British-born artist and designer Adam Nathaniel Furman who is on a mission to create quality background art. "I have a great passion for colourful interventions in public space that are beautifully crafted," Furman said. In the London Bridge area, another of Furman's projects "A Thousand Streams" is taking shape on a long concrete wall being decorated with an intricate handmade mosaic. Furman designed the piece for the London School of Mosaic, whose volunteers are working on it with completion expected in 2024. As for the future, Furman would like to add to the landscapes of cities around the world, saying it is often artwork people value in their surroundings the most.

Persons: Adam Nathaniel Furman, Sarah Mills, Furman, Alison Williams Organizations: REUTERS, London School of Mosaic, Thomson Locations: Canary Wharf, London, Britain

☆ London is suffering an office market 'recession.' Meta just paid $181 million to dump a lease
▼ + stars: | 2023-09-27 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —London’s office market has plunged into a “rental recession,” with the share of empty space hitting its highest level in three decades, investment bank Jefferies said in a note Wednesday. Packing upOn Monday, British Land said Meta had agreed to pay £149 million ($181 million) to break its lease on a 310,000-square-foot office near London’s Regent’s Park. More bankers are reportedly leaving the area as UBS (UBS) begins relocating staff working for Credit Suisse to its main London office in the City. Regulators have been watching the commercial real estate market closely for any sign that spiraling vacancy rates and falling rents could become the source of the next financial crisis. The downturn in office rentals stands in stark contrast to London’s residential rental market where demand is high and supply chronically low.

Persons: London CNN —, Jefferies, Michael Prew, Meta, Clifford Chance, Banks Organizations: London CNN, The, City of, Jefferies, CNN, Derwent London, “, HSBC, UBS, Credit Suisse, City . Credit Suisse, Regulators, Investment, Hamptons Locations: The New York, City, City of London, London, Canary Wharf, London’s, Canary

☆ ‘Rental recession’: London office vacancies hit 30-year high
▼ + stars: | 2023-09-27 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: 1 min

Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. LONDON — London's office market is in a "rental recession," according to financial services company Jeffries, who reported that vacancies in the capital's business hub had hit a 30-year high. Jeffries analysts estimated there had been a 20% contraction in London office usage as working from home and hybrid working, as well as a move toward green offices, continue to be a priority. It said the level of vacancies was also above the tipping point at which rents would typically start to fall, apart from in the case of sustainability-focused buildings. Flexible, co-working and serviced offices take up around 9% of London's space and have moved into some of the vacant spaces, Jeffries said.

Persons: Jeffries Organizations: LONDON Locations: Canary, London

☆ London office market in 'rental recession' as vacancies hit 30-yr high - Jefferies
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

LONDON, Sept 27 (Reuters) - London's embattled office market is in 'rental recession' as volumes of empty space across the capital's West End, City and Canary Wharf business districts hit a 30-year high, analysts at Jefferies said on Wednesday. Utilisation has shrunk and landlords are losing pricing power as tenants offload surplus space," the analysts said. Jefferies estimated West End vacancies of 7%, with rates in the City and Canary Wharf at 10% and more than 20% respectively, with the tipping point for a rental recession historically around 8%. Long-term Canary Wharf resident HSBC (HSBA.L) recently announced it would be relocating to the City but is expected to lease 30% less space at its new home, according to the note. "Investment market liquidity is receding on rent uncertainty and squeezing developer profits," the note said.

Persons: Jefferies, Derwent, Segro, Morgan Stanley, Sinead Cruise, Iain Withers Organizations: Securities, Portland Estates, Royal, Barclays, JPMorgan, HSBC, Investment, Thomson Locations: City, Canary Wharf, London, Canary, Wharf

☆ 'One of the cheapest stocks': Bank of America just upgraded these 3 luxury names in Europe
▼ + stars: | 2023-09-26 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Bank of America upgraded three luxury stocks that are bucking the negative trends afflicting the broader sector in Europe. The investment bank expects profit margins to decline by one percentage point for the sector even as third-quarter revenue is seen growing modestly. Meanwhile, the investment bank upgraded Ermenegildo Zegna and Pandora to buy, and Hugo Boss to neutral from underperform. The investment bank believes a similar pattern will likely emerge in Europe with spending on the continent peaking early this year. Despite Pandora shares' 45% rally this year, the Bank of America analyst still considers it "one of the cheapest stocks in all of Consumer Discretionary."

Persons: Prada, Tod, Pandora, Hugo Boss, Ashley Wallace, Wallace, Pandora Wallace Organizations: of America, Bank of America, underperform, Zegna Bank of America Locations: Europe, United States, U.S, China

☆ Why you should be traveling to Europe in fall, not summer
▼ + stars: | 2023-09-25 | by ( Terry Ward | ) edition.cnn.com time to read: +9 min

And now it’s fall, when the continent really comes into its own as the leaves – and visitor numbers – start to drop. A recent report from luxury travel network Virtuoso named Paris, London and Florence as the most booked cities for fall travel. “Fall is one of the best times to visit Europe because of the vast variety of interests [the season] can cater to,” says Mina Agnos, president of luxury travel company Travelive. If you’re ready for a different take on Europe this fall, we’ve got ideas. Fall also means it’s harvest time in Rebland – an area southwest of Baden-Baden famous for its Riesling.

Persons: ”, Mina Agnos, foodies, Brian Young, we’ve, Sérgio Duarte, Octant, Val, Culinarium Urtijei, Christopher Hill, Holger Leue, it’s, Jack Ezon, Samantha Pearson, Notte Bianca, Valery Bareta, Belle, Caracalla Organizations: CNN, EMEA, G, Gran Canaria, UNESCO, ADLER, Mallorca Locations: Europe, Paris, London, Florence, Spain, Portugal, Turkey, Croatia, Greece, Sicily, Slovenia, Gibraltar, Tenerife, Ibiza, Mallorca, Gran, Alentejo, Douro, Val Gardena, Dolomites, Italy, Northern Italy, South, Ortisei, Romania, Brasov, Baia Mare, Saxon, Moșna, Mallorcan, Pollença, Palma . Thessaloniki, Thermaic, Santorini, Greece’s, Balkans, Mount Olympus, Thessaloniki, Malta Malta, Malta, Gozo, Comino, Valletta, Madeira, Morocco, Terrabona, Funchal, Savoy, Baden, Germany Baden, Black, Friedrichsbad

☆ Citi warns UK staff of cuts as hundreds of roles could be affected - memo
▼ + stars: | 2023-09-22 | by ( Anousha | ) www.reuters.com time to read: +3 min

FILE PHOTO: Staff enter the Citigroup building in London's financial district of Canary Wharf November 18, 2008. “We anticipate that the reviews may lead to a reduction in roles in some parts of the business, and changes to some other roles. In some cases, colleagues may be placed at risk of redundancy,” James Bardick, UK Citi Country Officer, told employees in the memo seen by Reuters. Technology staff working on overlapping functions were also at risk of being laid off, Reuters reported. Kristine Braden, CEO of Citibank Europe, is leaving the company after 25 years as part the organisational change, according to an internal memo seen by Reuters.

Persons: Kevin Coombs, James Bardick, we’re, Jane Fraser, Bardick, Fraser, Kristine Braden Organizations: Citigroup, Reuters, Staff, REUTERS, Citi Country, Citi, Bankers, U.S, London Consultation, United States Citi, Technology, Citibank Locations: Canary, BRITAIN, Britain, North Ireland, North America, London, Belfast, Citibank Europe

☆ Socialists would win Spain election over conservative PP, poll shows
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

Spain's Prime Minister Pedro Sanchez arrives to address the 78th Session of the U.N. General Assembly in New York City, U.S., September 20, 2023. Most parties - except PSOE - and rival private pollsters have questioned the agency's neutrality and methodology. The new poll gives third place to the left-wing alliance Sumar at 11.9% and fourth to the far-right Vox with 11.1%. Should those efforts to woo the pro-independence parties prove to be unsuccessful, a repeat election would be held in mid-January. Reporting by David Latona; Editing by Andrei Khalip and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Pedro Sanchez, Eduardo Munoz, Vox, Alberto Nunez Feijoo, David Latona, Andrei Khalip, Barbara Lewis Organizations: Spain's, General Assembly, REUTERS, Rights, Spain's Socialists, People's Party, for Sociological Studies, CIS, Socialist Party, PSOE, Thomson Locations: New York City, U.S, Rights MADRID, Sumar, Navarre, Catalan, Basque, Madrid

While the Florida governor had acknowledged that human-induced climate change was real earlier in his career, he has since backed away from that position, a shift that was apparent on Wednesday. "We will unleash American energy dominance as a way to stop inflation and achieve $2 gas in 2025," DeSantis said on Wednesday. DeSantis' speech, which was meant to broadly lay out his energy policy, comes as his campaign is in need of a boost. In addition to expanding fossil fuel production, DeSantis called for significant investments in so-called critical minerals, including the creation of a Critical Mineral Strategic Reserve. DeSantis said he would seek to require plaintiffs to pay compensation when they bring spurious litigation against energy projects.

Persons: Ron DeSantis, Mike Pence, Vivek Ramaswamy, Nikki Haley, Brian Snyder, DeSantis, Donald Trump's, Joe Biden, Harold Hamm, Dan Eberhart, Donald Trump, Gram Slattery, Sabrina Valle, Richard Valdmanis, James Oliphant, Timothy Gardner Organizations: U.S, South Carolina, Republican, REUTERS, Rights, Energy, Democrat, Continental Resources, Environmental Protection Agency, Republicans, Securities and Exchange Commission, Reserve, Thomson Locations: Florida, Milwaukee , Wisconsin, U.S, Midland , Texas, Texas, Colorado, California, Iowa

While the Florida governor had acknowledged that human-induced climate change was real earlier in his career, he has since backed away from that position. "We will unleash American energy dominance as a way to stop inflation and achieve $2 gas in 2025," DeSantis said on Wednesday. DeSantis' speech, which is meant to broadly lay out his energy policy, comes as his campaign is in need of a boost. The Florida governor has slid in the polls for months, and he now sits 37 points behind former President Donald Trump, according to the latest Reuters/Ipsos poll. In addition to expanding fossil fuel production, DeSantis called for significant investments in so-called critical minerals, including the creation of a Critical Mineral Strategic Reserve.

Persons: Ron DeSantis, Mike Pence, Vivek Ramaswamy, Nikki Haley, Brian Snyder, DeSantis, Harold Hamm, Dan Eberhart, Donald Trump, Gram Slattery, Sabrina Valle, Richard Valdmanis, James Oliphant, Timothy Gardner Organizations: U.S, South Carolina, Republican, REUTERS, Rights, Continental Resources, Environmental Protection Agency, Republicans, Reserve, Thomson Locations: Florida, Milwaukee , Wisconsin, U.S, Midland , Texas, Texas, Colorado, California

☆ Republican Hopeful DeSantis Attacks EVs, Emission Goals in Energy Plan
▼ + stars: | 2023-09-20 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +3 min

Taken as a whole, the plan represents a doubling down on pledges DeSantis and most of his Republican opponents have made on the campaign trail to jettison limits on fossil fuel production and consumption. While the Florida governor had acknowledged that human-induced climate change was real earlier in his career, he has since backed away from that position. The Florida governor has slid in the polls for months, and he now sits 37 points behind former President Donald Trump, according to the latest Reuters/Ipsos poll. DeSantis' plan calls on pensions and government accounts to eliminate environmental, social or governance considerations, known as ESG, from consideration when making investment considerations, a plan which tracks closely with moves he made as Florida governor. In addition to expanding fossil fuel production, DeSantis' plan calls for significant investments in so-called critical minerals, including the creation of a Critical Mineral Strategic Reserve.

Persons: Gram Slattery WASHINGTON, Ron DeSantis, DeSantis, Harold Hamm, Dan Eberhart, Donald Trump, Gram Slattery, Sabrina Valle, Richard Valdmanis, James Oliphant, Timothy Gardner Organizations: Republican, Continental Resources, Environmental Protection Agency, Republicans, Reserve Locations: Midland , Texas, Florida, Texas, Colorado, California

Cinven, CPP Investments, EQT, Evercore and Morgan Stanley declined to comment. Hotelbeds' shareholders had been considering a private sale as an alternative to an IPO, the people said. Should it list in Spain, Hotelbeds' would be one of the largest IPOs the country has seen in recent years. Majorca-based Hotelbeds offers travel agencies, airlines and tour operators access to hotel rooms worldwide in what it describes as a "bedbank". Hotelbeds said it had its best fortnight ever in booking revenue earlier this year, recording a booking per second at peak times.

Persons: Nacho, Evercore, Morgan Stanley, Cinven, Hotelbeds, Andres Gonzalez, Pablo Mayo, Anousha Sakoui, Nick Zieminski Organizations: REUTERS, Reuters, Investments, Pablo Mayo Cerqueiro, Thomson Locations: Santa Cruz, Canary, Spain, Madrid, Majorca, London

☆ The United Auto Workers strike could be the canary in the coal mine for Biden's reelection pitch to working-class voters
▼ + stars: | 2023-09-17 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

The UAW union late last week went on strike to pressure the "Big Three" to raise worker wages. The strength of President Biden's economic message could hinge on the outcome of the strike. Biden has sought to sharpen his 2024 economic pitch, but voters aren't fully sold on his message. AdvertisementAdvertisementBiden is now sitting in the Oval Office, and the United Auto Workers strike is giving him the most challenging labor crisis of his presidency, as the economic pitch for his reelection bid could sink or swim depending on the outcome. And over the last — the past decade, auto companies have seen record profits, including the last few years, because of the extraordinary skill and sacrifices of the UAW workers," he said at the White House.

Persons: Biden's, Biden, Joe Biden, —, Julie Su, Gene Sperling, Susan Walsh, Adam Wren, Denny Butler, Donald Trump, Butler Organizations: UAW, aren't, Service, Teamsters, Wall Street, United Auto Workers, — Ford, General Motors, Detroit automakers, Ford, AP, White, Democratic Party Locations: Wall, Silicon, Pittsburgh, Wayne , Michigan, Wentzville , Missouri, Toledo , Ohio, Michigan, Kokomo, Ind

☆ I'm an American who moved to Paris, and I'm never coming back. Healthcare is one reason why.
▼ + stars: | 2023-09-16 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +6 min

Amanda Rollins, 34, moved from Massachusetts to Paris six years ago. I I kept studying French all through school: I was in AP French in high school, and president of the French club. Amanda Rollins Courtesy of Amanda RollinsI'm in the process right now of asking for citizenship. AdvertisementAdvertisementWe have free healthcare here, so since I've moved here, my health is no longer a budget item for me. Amanda Rollins in Paris.

Persons: Amanda Rollins, Rollins, France, Amanda Rollins I'm, I've, Amanda Rollins That's, — I'm Organizations: Service, AP French, Paris Locations: Massachusetts, Paris, Wall, Silicon, France, Seine, Europe, Barcelona, Italy, Canary Islands, Boston

☆ FTSE 100 climbs nearly 1% as China data boosts miners
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummary FTSE 100 climbs 0.9%, FTSE 250 adds 0.3%Sept 15 (Reuters) - UK's FTSE 100 extended gains on Friday, driven by miners following better-than-expected economic data from China, while the prospects of global central banks nearing the end of their monetary tightening cycle further boosted risk sentiment. The blue-chip FTSE 100 index (.FTSE) climbed 0.9% by 0705 GMT, after it hit a six-week high in the previous session. Tracking metal prices higher, miners (.FTNMX551020) gained 0.9% after the data from top consumer, China, was published. Reporting by Siddarth S in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, Siddarth, Sherry Jacob, Phillips Organizations: London Stock Exchange, REUTERS, Investors, U.S . Federal Reserve, Bank of, European Central Bank, Thomson Locations: Canary Wharf, London, Britain, China, Bank of England, Bengaluru

London CNN —Four players from Real Madrid’s reserve teams are being investigated by police after a mother alleged videos of a sexual nature involving her 16-year-old daughter were circulated without her consent. Three players were arrested and later released after their mobile phones were seized, according to a statement issued by Spain’s Guardia Civil. The daughter was in a consensual relationship with a player, the statement added. Police sources told CNN that the videos were shared by the players. “When the club has detailed knowledge of the facts, we will take the appropriate measures,” the statement added.

Persons: Spain’s, San Bartolomé de, “, ” Organizations: London CNN —, Real Madrid’s, Guardia Civil, CNN, Real Madrid, Real Madrid C, Civil Guard, ” Castilla Locations: Spain’s Guardia, San Bartolomé, Canary, Castilla, Real

☆ FTSE 100 inches higher on Fed pause bets; ECB decision on watch
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 up 0.3%, FTSE 250 flatSept 14 (Reuters) - UK's FTSE 100 opened higher on Thursday after U.S. inflation data bolstered bets that the Federal Reserve will keep interest rates steady next week, while Melrose and Unite Group fell in ex-dividend trading. The exporter-heavy FTSE 100 index (.FTSE) edged up 0.3% in early trade, while the domestically focussed FTSE 250 index (.FTMC) was flat. Shares of real estate firm Unite Group (UTG.L), product testing company Intertek Group (ITRK.L) and aerospace supplier Melrose (MRON.L) declined between 0.5% and 1.5% as they traded ex-dividend. Reporting by Siddarth S in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, Siddarth, Subhranshu Sahu Organizations: London Stock Exchange, REUTERS, Federal Reserve, Melrose, Unite Group, European Central Bank, Unite, Intertek, Thomson Locations: Canary Wharf, London, Britain, Bengaluru

☆ Italy's Lampedusa 'in crisis' with thousands of migrant arrivals - mayor
▼ + stars: | 2023-09-14 | by ( Yara Nardi | ) www.reuters.com time to read: +4 min

Migrants wait at the port to be transferred to the mainland, on the Sicilian island of Lampedusa, Italy, September 14, 2023. "In the past 48 hours, around 7,000 people have arrived in Lampedusa, which has always welcomed them with open arms," mayor Filippo Mannino told Italy's RTL 102.5 radio. "We stand ready to support Italy and this is what we are doing," a Commission spokesperson said. Preliminary data from Spain, another country on the EU's southern flank, showed the number of migrant arrivals to the Canary Islands more than trebled to 2,891 people in the first two weeks of September. Matteo Villa, a migration data analysis expert from the ISPI think tank in Milan, told Reuters migrant arrivals to Italy this year are close to the record registered in 2016, when more than 180,000 people came.

Persons: Yara, Lampedusa, Filippo Mannino, Giorgia, Matteo Salvini, Meloni, Matteo Villa, Gavin Jones, Alvise Armellini, Federico Maccioni, Corina Pons, Keith Weir, Janet Lawrence Organizations: REUTERS, European Commission, European Union, RTL, Thomson Locations: Lampedusa, Italy, North Africa, Tunisia, Malta, Sicily, Europe, Italian, Budapest, Brussels, Spain, Senegal, Milan, Tunis, Rome, Madrid

☆ Three Real Madrid youth players arrested over sexual video with minor
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

MADRID, Sept 14 (Reuters) - Spanish police arrested on Thursday three Real Madrid youth players for allegedly distributing a sexual video featuring a minor, with the arrests heightening the furore about sexism and macho behaviour in Spanish soccer. The case stems from a complaint filed by the mother of a 16-year-old girl in the Canary Islands regarding an alleged recording of sexual relations, police said. Police said the three had been detained at the Real Madrid sports complex in Madrid and a fourth player was being investigated. One of those arrested is a reserve team player and two play for the third team. Real Madrid issued a statement saying only that a total of four youth team players had been questioned by police "in connection with a complaint about an alleged release of a private video via WhatsApp" messaging system.

Persons: Luis Rubiales, Spain's, Jenni Hermoso, Rubiales, El, Elena Rodriguez, Fernando Kallas, Joan Faus, David Latona, Andrei Khalip, Alexandra Hudson Organizations: Spanish, Real Madrid, Police, Alexandra Hudson Our, Thomson Locations: MADRID, Madrid

☆ Analysis: Investors call 'peak pessimism' for beaten-up UK stocks
▼ + stars: | 2023-09-13 | by ( Naomi Rovnick | ) www.reuters.com time to read: +6 min

"It feels like we've passed the peak of pessimism about the UK," said Daniel Lockyer, senior fund manager at 7 billion-pound investment and advice group Hawksmoor Investment Management, which increased its exposure to UK companies in August. Consumer stocks are outperforming as investors bet on the UK cost of living crisis becoming less intense. Reuters Graphics Reuters GraphicsLeigh Himsworth, UK fund manager at Fidelity International, said he was "trying to pick off UK retailers we can buy", while it was also "time to pick up some of the (UK) real estate sector." But while noting good economic reasons to call an upturn for UK stocks, fund managers also stressed the need for further steps from policymakers to revive interest in British equities. Premier Miton is lobbying policymakers to introduce a new tax-efficient investment vehicle for UK stocks.

Persons: Toby Melville, we've, Daniel Lockyer, Morningstar, Martin Walker, Walker, Samuel Tombs, Reuters Graphics Reuters Graphics Leigh Himsworth, Spencer, Neil Birrell, Premier Miton, Miton, Savvas Savouri, Naomi Rovnick, Dhara Ranasinghe, Sharon Singleton Organizations: London Stock Exchange, REUTERS, Inflation, LONDON, Apple, FTSE, Investment Management, Global, Reuters, Bank of England, Reuters Graphics Reuters Graphics, Fidelity International, Premier, Fidelity, Thomson Locations: Canary Wharf, London, Britain, U.S, COVID, outflows

Workers walk through the Canary Wharf financial district, ahead of a Bank of England decision on interest rate changes, in London, Britain, August 3, 2023. The unemployment rate rose, the number of people in work fell sharply and vacancies dipped below 1 million for the first time in two years, the Office for National Statistics (ONS) said on Tuesday. Yet if incoming data doesn't turn definitively, another hike to a terminal rate of 5.75% is absolutely on the table." The unemployment rate rose to 4.3% in the three months to July from 4.2% a month earlier, its highest since the three months to the end of September 2021, the ONS said. Including bonuses, pay rose by 8.5% compared with the 8.2% consensus, boosted in part by backdated pay for healthcare workers.

Persons: Toby Melville, BoE, Hugh Gimber, they've, Andrew Bailey, Jeremy Hunt, Andy Bruce, David Milliken, Sachin Ravikumar, David Holmes Organizations: Bank of, REUTERS, Bank of England, National Statistics, Morgan Asset Management, Thomson Locations: Bank of England, London, Britain

☆ LSEG appoints Charlie Walker as deputy CEO of London Stock Exchange
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: 1 min

London Stock Exchange Group signage is seen outside offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Sept 11 (Reuters) - The London Stock Exchange Group (LSEG.L) said on Monday that it had appointed Charlie Walker as deputy CEO of its main bourse, amid a period of rolling reforms to make the market more attractive to investors and company listings. Walker will report to London Stock Exchange plc CEO Julia Hoggett, the company said in a statement, and continue to oversee the group's primary markets business. Reporting by Iain Withers, Editing by Huw JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, Charlie Walker, Walker, Julia Hoggett, Iain Withers, Huw Jones Organizations: London Stock Exchange, REUTERS, Thomson Locations: Canary Wharf, London, Britain

☆ Miners boost FTSE 100 on China optimism; Vistry jumps
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 up 0.6%, FTSE 250 adds 0.4%Sept 11 (Reuters) - The UK's exporter-heavy FTSE 100 index opened higher on Monday boosted by miners after positive China data signalled stability in the world's second-largest economy, while Vistry shares jumped after the homebuilder kept its annual profit outlook. The blue-chip FTSE 100 index (.FTSE) rose 0.6% in early trade, while the mid-cap FTSE 250 index (.FTMC) was up 0.4%. Vistry Group (VTYV.L) jumped 14.4% after the British homebuilder said it would merge its affordable-housing business 'Partnerships' with its Housebuilding operations, while maintaining its annual profit forecast. Reporting by Siddarth S in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, British homebuilder, Pascal Soriot, Siddarth, Rashmi Organizations: London Stock Exchange, REUTERS, Vistry, AstraZeneca, The Mail, Barclays, Reuters, Thomson Locations: Canary Wharf, London, Britain, China, British, Bengaluru

☆ FTSE 100 falls on worries about U.S. rates; Melrose jumps
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 down 0.4%, FTSE 250 off 0.3%Sept 7 (Reuters) - UK's FTSE 100 opened lower on Thursday after stronger-than-expected U.S. economic data rekindled concerns that interest rates would stay higher for longer, while aerospace supplier Melrose Industries rose on an upbeat profit outlook. The blue-chip FTSE 100 index (.FTSE) fell 0.4% in early trade, while the mid-cap FTSE 250 index (.FTMC) slipped 0.3%. Wall Street's main indexes tumbled on Wednesday after data showed the U.S. services sector unexpectedly gained steam in August, indicating sticky price pressures. GLOB/MKTSFurther weighing on the exporter-heavy FTSE 100, data showed China's exports and imports fell in August as the twin pressures of sagging overseas demand and weak consumer spending squeezed businesses in the world's second-largest economy.

Persons: Toby Melville, Smith, Siddarth, Subhranshu Sahu Organizations: London Stock Exchange, REUTERS, Melrose Industries, Prudential, Thomson Locations: Canary Wharf, London, Britain, U.S, Bengaluru

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