The UK stock market and the pound are already pricing in a mountain of political risk. Equities listed in London are under-owned by global investors and sterling is flirting with multi-decade lows. But, if Boris Johnson manages to get the election he wants, could a fractious campaign actually make things …
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Fears of an escalation of hostilities with workers’ unions delivered a blow to investors in Royal Mail on Tuesday. The former state postal monopoly has reached a “cliff’s edge” in its relationship with the Communication Workers Union, analysts at JP Morgan said, adding that the outcome of mediation was uncertain. Workers’ …
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Hopes of stimulus from major world economies had previously buoyed equities. Investors are awaiting minutes from the Fed’s meeting on Wednesday, along with any hints from Chairman Jerome Powell ahead of the central bank’s economic symposium in Jackson Hole, Wyoming, which begins Friday. Finnish central bank governor Olli Rehn said …
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High-yielding FTSE 100 income stock Imperial Brands (IMB) has changed its dividend policy and announced plans for a £200 million share buyback programme. The company will stick with its target of a 10% rise in its dividend this year, ending September 30, but thereafter will adopt a flexible approach to …
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Investors placed bets on William Hill on hopes that a mega casino deal in the US will help the bookie tap America’s emerging sports betting market. Caesars Entertainment, which owns Caesars Palace in Las Vegas, was snapped up by Eldorado Resorts on Monday in a $17.3bn (£13.6bn) tie-up that will …
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