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23 Feb

Rio Tinto rides iron ore gains to post record profit, pay $17 billion dividend

Rio Tinto posted on Wednesday its best ever annual profit and a record full-year dividend of $16.8 billion, boosted by higher iron ore prices and strong demand from top consumer China.

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23 Feb

UPS loses $2 billion euro claim for EU veto on TNT bid

LUXEMBOURG (Reuters) -The world's No. 1 logistics company, United Parcel Service Inc, on Wednesday lost its court fight for a record 1.74-billion euro ($2 billion) compensation claim from EU antitrust regulators for blocking its 2013 bid for Dutch rival TNT.

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23 Feb

EU court rejects UPS $2 billion claim for EU veto on TNT bid

Europe's second top court on Wednesday rejected world No. 1 logistics company United Parcel Service Inc's record 1.74-billion-euro ($1.98 billion) compensation claim from EU antitrust regulators for blocking its 2013 bid for Dutch rival TNT.

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23 Feb

Metro Bank's annual loss narrows, cautious on outlook

(Reuters) -Metro Bank said on Wednesday its annual loss narrowed and it has put aside 5.3 million pounds ($7.2 million) to resolve an investigation by Britain's financial regulator into the high street lender's 2019 accounting blunder.

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23 Feb

UK in most challenging time for monetary policy since 1992: BoE's Broadbent

Britain is in the midst of its most challenging period for monetary policy since it started to target inflation 30 years ago, Bank of England Deputy Governor Ben Broadbent said on Wednesday.

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23 Feb

London's Heathrow records lowest annual passenger numbers since 1972

LONDON (Reuters) -London's Heathrow airport, Britain's busiest, saw its lowest number of passengers since 1972 last year and suffered wider losses as the coronavirus pandemic slashed demand for business travel and holidays.

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23 Feb

Broker Peel Hunt flags profit miss on delay in investment banking deals

British broker Peel Hunt said on Wednesday it expected full-year earnings to miss analyst views, hurt by deal delays in its investment banking unit and a slowdown in its trading division, sending its shares more than 13% lower in early trade.

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