EUROPE

High-flying easyJet drives up FTSE; Sky in focus

MILAN (Reuters) – A rally of more than 6 percent in airline easyJet following a trading update drove the FTSE 100 higher on Tuesday, while Sky was in focus after the competition watchdog suggested ways that could make a Fox takeover acceptable. The FTSE rose 0.2 percent by 0913 GMT, slightly underperforming the broader European market as strength in the ...

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High-flying easyJet drives up FTSE; Sky in focus

MILAN (Reuters) – A rally of more than 6 percent in airline easyJet following a trading update drove the FTSE 100 higher on Tuesday, while Sky was in focus after the competition watchdog suggested ways that could make a Fox takeover acceptable. The FTSE rose 0.2 percent by 0913 GMT, slightly underperforming the broader European market as strength in the ...

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UK public finances boosted by EU credit, surging VAT receipts

LONDON (Reuters) – Britain’s budget deficit fell by much more than expected last month, helped by an unusually large credit from the European Union and the strongest value-added tax receipts on record. Tuesday’s data will help finance minister Philip Hammond to meet his goal to lower public debt to help the world’s sixth-biggest economy withstand any shocks in the years ...

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UK public finances boosted by EU credit, surging VAT receipts

LONDON (Reuters) – Britain’s budget deficit fell by much more than expected last month, helped by an unusually large credit from the European Union and the strongest value-added tax receipts on record. Tuesday’s data will help finance minister Philip Hammond to meet his goal to lower public debt to help the world’s sixth-biggest economy withstand any shocks in the years ...

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Lloyds Bank readying Berlin base ahead of Brexit – source

LONDON (Reuters) – Lloyds Banking Group (LLOY.L) aims to get its Berlin branch ready for business in Europe by the end of the year ahead of Britain leaving the European Union, according to a person with knowledge of the matter. Lloyds this month filed an application with Germany’s financial regulators to convert its local branch into a subsidiary, the person ...

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Lloyds Bank readying Berlin base ahead of Brexit – source

LONDON (Reuters) – Lloyds Banking Group (LLOY.L) aims to get its Berlin branch ready for business in Europe by the end of the year ahead of Britain leaving the European Union, according to a person with knowledge of the matter. Lloyds this month filed an application with Germany’s financial regulators to convert its local branch into a subsidiary, the person ...

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UK regulator puts brake on Murdoch's $15.7 billion Sky deal

LONDON (Reuters) – Rupert Murdoch’s $15.7 billion (11.26 billion pounds) takeover of Sky is not in the public interest and should be blocked unless a way is found to prevent the media tycoon from influencing the network’s news output, Britain’s regulator said. The initial ruling complicates a separate plan by Walt Disney Co to buy the majority of Murdoch’s assets, ...

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Netflix shares hit record high after blockbuster results

(Reuters) – Shares in Netflix Inc (NFLX.O) rose 9 percent to a record high in premarket trading on Tuesday after the video streaming service trounced Wall Street targets for new subscribers in the fourth quarter. At least eight brokerages raised their price targets for the company’s shares by as much as $50. Analysts at RBC Capital Markets and KeyBanc were ...

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Police sought Secrets Act probe of Reuters reporters an hour after their arrest

YANGON (Reuters) – Myanmar police sought permission from the nation’s president to go ahead with an investigation into whether two Reuters journalists had breached the Official Secrets Act only an hour after arresting them last month, a Yangon court heard on Tuesday. The two reporters, Wa Lone, 31, and Kyaw Soe Oo, 27, had worked on Reuters coverage of a ...

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Dividing UK government, Johnson demands boost to health funding

LONDON (Reuters) – Foreign minister Boris Johnson will press Prime Minister Theresa May on Tuesday to boost funding for Britain’s public health service to try to revive the fortunes of her Conservative Party and grab back the domestic agenda. At a regular meeting of top ministers that will discuss what is widely portrayed as a health crisis in Britain, Johnson ...

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