Political News
S&P reaffirms AA rating on UK, outlook clouded by Brexit
Standard&Poor's reaffirmed its rating on the United Kingdom's long-term sovereign debt but warned of the potential impact on the economy from the uncertainty around the Brexit negotiations and their eventual outcome.
London close: FTSE lower as UK, US growth in Q1 disappoints, sterling up
Stocks in London drifted to a lower close on Friday as a rise in sterling weighed on blue chips and both UK and US preliminary economic growth data disappointed investors on both sides of the Atlantic.
Commodities: Crude rises on reports of Russia compliance with Opec output limits
Crude-oil futures are higher on Friday as traders liked reports Russia has complied with Opec output limits, and also on hopes the cartel will extend its production cut pledge.
Controversial Garden Bridge project collapses on mayoral letter
London’s controversial and costly Garden Bridge project was down the gurgler on Friday, as the capital’s mayor Sadiq Khan formally withdrew support for the project.
UK energy firms say planned Tory price cap will harm investment, jobs
The UK energy industry came out swinging on Friday as it attacked Conservative Party plans to introduce price caps.
EU leaders prepare Brexit clause for reunified Ireland membership
Northern Ireland could be allowed fast-track access to EU membership in the event of its reunification with the rest of the island, as European leaders prepare to thrash out their negotiating stance for upcoming Brexit talks with the UK government.
Trump warns of 'major' North Korea conflict as China weighs in
US President Donald Trump has warned that the country is prepared for a "major conflict" with North Korea as tensions between the two states rise another notch over the latter’s nuclear and missile programs.