FTSE 100 Live: UK Stocks Set to Rise as Focus on Barclays, Astra Earnings
Money transfer firm Wise won the backing of its shareholders to shift its primary listing out of London, despite some dissent about the move from certain investors.
And in a potential boost, lender Shawbrook has added further banks to its possible IPO, where it may seek a valuation of about £2 billion, Pablo Mayo Cerqueiro and Swetha Gopinath report. It was taken private back in 2017, so it would mark a return for the group to public markets.
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- Yahoo
Amine Adli to Bournemouth is considered a ‘done deal'
Bournemouth are set to complete the signing of Bayer Leverkusen attacker Amine Adli (25). According to , the Moroccan's move to the Premier League club is considered a 'done deal' after both parties reached an agreement for a €30m transfer. Bournemouth will pay an initial €21m plus €9m in add-ons, some of which may be unachievable. Plettenberg further reports that a realistic total is around the €27m fee. Bayer Leverkusen have also given the green light for Adli to undergo a medical. The former Toulouse player – who also had interest from Sunderland and Marseille – has already provided one assist for B04 this season during their DFB Pokal win against Sonnenhof Großaspach. Adli's move to Bournemouth comes just hours after it was reported that the Bundesliga side are closing on an agreement with Manchester City to sign Argentine midfielder Claudio Echeverri on a season-long loan without an option to buy, beating Borussia Dortmund to sign the 19-year-old. GGFN | Daniel Pinder
Yahoo
an hour ago
- Yahoo
Dollar Moves Lower with T-Note Yields
The dollar index (DXY00) on Wednesday fell by -0.05%. The dollar fell from a 1-week high on Wednesday and turned slightly lower on a decline in T-note yields. Also, political risks and concerns about Fed independence weighed on the dollar after President Trump called for Fed Governor Lisa Cook to resign amid a probe into two personal mortgages. FHFA Director Pulte wrote a letter to Attorney General Bondi suggesting Ms. Cook may have committed a criminal offense by allegedly falsifying bank documents and property records to acquire more favorable loan terms. The dollar initially moved higher on Wednesday after EUR/USD fell to a 1-week low when ECB President Lagarde said she sees slower growth in the Eurozone. The weakness in stocks on Wednesday has also boosted some liquidity demand for the dollar. In addition, the dollar has support due to speculation that last week's stronger-than-expected July PPI report could keep the Fed from cutting interest rates at next month's FOMC meeting, as expectations for a -25 bp Fed rate cut in September fell to 84% area from 93% before the report. More News from Barchart What Will Powell Reveal About Interest Rate Cuts on August 22? And How Will Markets React? Dollar Recovers as Stocks Falter Signs of Peace Progress in Ukraine Boosts the Euro and Weighs on the Dollar Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Wednesday's minutes of the July 29-30 FMC meeting were hawkish and supportive of the dollar. The minutes showed that most policymakers judged the upside risk to inflation as a greater risk than weaker employment, saying the labor market was 'solid' but inflation remained 'somewhat elevated.' Federal funds futures prices are discounting the chances for a -25 bp rate cut at 84% at the September 16-17 FOMC meeting and at 55% for a second -25 bp rate cut at the following meeting on October 28-29. EUR/USD (^EURUSD) on Wednesday rose by +0.08%. The euro recovered from a 1-week low on Wednesday and posted modest gains after the dollar retreated when President Trump said Fed Governor Lisa Cook 'must resign' now due to allegations of mortgage fraud. The euro initially moved lower on Wednesday on comments from ECB President Lagarde, who said the Eurozone economy is likely to see slower growth this quarter, with questions over global trade remaining despite recent trade deals with the US reducing uncertainty. President Trump is pushing for a summit between Presidents Putin and Zelenskiy soon, and European leaders are discussing a plan to send British and French troops to Ukraine as part of a peace agreement. The outcome could have macroeconomic implications regarding tariffs and oil prices, and could, of course, have significant consequences for European security. Swaps are pricing in an 8% chance of a -25 bp rate cut by the ECB at the September 11 policy meeting. USD/JPY (^USDJPY) on Wednesday fell by -0.28%. The yen moved higher on Wednesday due to weakness in the dollar. Also, higher Japanese government bond yields have strengthened the yen's interest rate differentials and boosted the yen after the 10-year JGB bond yield rose to a 16-year high on Wednesday of 1.621%. In addition, lower T-note yields on Wednesday were supportive of the yen. Wednesday's Japanese economic news was mixed for the yen as Jun core machine orders unexpectedly increased, but July exports posted their largest decline in almost 4.5 years. Japanese trade news was mixed as Jul exports fell -2.6% y/y, weaker than expectations of -2.1% y/y and the largest decline in almost 4.5 years. However, Jul imports fell -7.5% y/y, a smaller decline than expectations of -10.0% y/y. Japan Jun core machine orders unexpectedly rose +3.0% m/m, stronger than expectations of a decline of -0.5% m/m. December gold (GCZ25) on Wednesday closed up +29.80 (+0.89%), and September silver (SIU25) closed up +0.441 (+1.18%). Precious metal prices recovered from early losses on Wednesday and moved higher due to a weaker dollar and lower T-note yields. Also, an increase in US political uncertainty and concerns about Fed independence boosted safe-haven demand for precious metals after President Trump called for Fed Governor Lisa Cook to resign amid allegations of mortgage fraud. Gold continues to have safe-haven support related to US tariffs and geopolitical risks, including the conflicts in Ukraine and the Middle East. Fund buying of precious metals continues to support prices after gold holdings in ETFs rose to a 2-year high last Friday, and silver holdings in ETFs reached a 3-year high on Tuesday. Precious metals initially moved lower on Wednesday as signs of progress in peace talks over Ukraine have curbed some safe-haven demand. Also, Wednesday's hawkish UK July CPI report may keep the BOE from cutting interest rates and is bearish for precious metals. Concerns over industrial metals demand are bearish for silver prices after ECB President Lagarde said the Eurozone economy is likely to see slower growth this quarter. UK Jul CPI rose +3.8% y/y, stronger than expectations of +3.7% y/y and the fastest pace of increase in 1.5 years. Jul core CPI also rose +3.8% y/y, stronger than expectations of +3.7% y/y. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Los Angeles Times
an hour ago
- Los Angeles Times
Fox News hosts were determined to help Trump stay in office after 2020 election, legal filing says
The 2020 presidential election is history, but a legal dispute over Fox News' reporting on President Trump's false claims of voter fraud is heating up. A motion for summary judgment by voting equipment company Smartmatic filed Tuesday in New York Supreme Court laid out in detail how phony allegations that it manipulated votes to swing the election to Joe Biden were amplified on Fox News. The motion also described how the Fox News Media hosts who are defendants in the suit — the late Lou Dobbs, Jeanine Pirro and Maria Bartiromo of Fox Business — were allegedly committed to helping Trump prove his fraud theories so he could remain in office. 'I work so hard for the President and the party,' Pirro wrote in a text to Ronna McDaniel, then chair of the Republican National Committee. Pirro left Fox News in May to become U.S. attorney for the District of Columbia. Smartmatic is suing Fox News for $2.7 billion in damages, claiming that the network's airing of the false statements hurt the London-based company's ability to expand its business in the U.S. Fox News settled a similar suit from Dominion Voting Systems for $787.5 million in 2023. The motion alleged that on-air hosts repeated the fraud claims even though executives and producers were told they were false. The Fox News research department, known as the 'Brainroom,' allegedly informed network producers that Smartmatic's role in the 2020 election was limited to Los Angeles County and that the company's software was not used in Dominion voting machines, another false claim made on the air. Fox News maintains the network's reporting on President Trump's false claims were newsworthy and protected by the 1st Amendment. But part of the company's legal strategy has been focused on minimizing the damage claims. Fox News has asserted that any problems Smartmatic has experienced in attracting new business are rooted not in its reporting but in the federal investigation into the company's activities with overseas governments. Last year, Smartmatic's founder, Roger Alejandro Piñate Martinez, and two other company officials were indicted by the U.S. attorney's office and charged with bribing Philippine officials in order to get voting machine contracts in the country in 2016. While the Trump camp's assertions that the election was fixed were not believed throughout Fox News and parent company Fox Corp., the conservative-leaning network gave continued to give them oxygen to keep its audience tuned in, the motion alleged. The motion described a 'pivot' that occurred on Nov. 8, 2020, when then-Fox News Executive Chairman Rupert Murdoch and his son Lachlan asked Fox News Media Chief Executive Suzanne Scott to address the decline in the network's ratings after Biden was declared the winner of the election. The network also looked at research to evaluate why viewers were leaving. 'The conclusion reached based on performance analytics: give the audience more election fraud,' the court document stated. Such thinking, the filing said, permeated the company, already in a panic over losing viewers to right-leaning network Newsmax. The upstart outlet saw a ratings surge after Biden's win due to its unwavering support of Trump's claims. 'Think about how incredible our ratings would be if Fox went ALL in on STOP THE STEAL,' Fox News host Jesse Watters said in a text to his colleague Greg Gutfeld. Throughout November and December 2020, the three hosts named in the suit, Dobbs, Pirro and Bartiromo, repeatedly featured Trump's attorneys Rudolph Giuliani and Sidney Powell as guests. They spread the falsehoods that Smartmatic software was used in Dominion voting machines and altered millions of votes. Smartmatic's work in Los Angeles during the 2020 election was meant to be an entry point for the company to expand its domestic business. The company's defamation suit claims that Fox News obliterated those efforts by presenting the false fraud claims. But Fox News believes that issues with Smartmatic's $282-million contract with Los Angeles County could help advance its case. On Aug. 1, federal prosecutors filing a legal brief alleging that taxpayer funds from the county went into a slush fund held by a shell company to help pay for its illegal activities. Federal prosecutors handling the case involving Smartmatic's business in the Philippines said they plan to detail similar alleged schemes out of L.A. County and Venezuela to show that the bribery fits a larger pattern. Fox News attorneys have filed a brief asking for county records that they believe will help bolster their case. The network is also expected to try to get the Smartmatic indictments in front of the court to raise doubts about the company's reputation. A Smartmatic representative said Fox News' records request is a diversion tactic. 'Fox lies and when caught they lie again to distract,' a Smartmatic representative said in a statement. 'Fox's latest filing is just another attempt to divert attention from its long-standing campaign of falsehoods and defamation against Smartmatic.' The company added that it abided with the law in Los Angeles County and 'every jurisdiction where we operate.' Smartmatic's Tuesday court filing also included information that contradicted public statements Fox News made at the time. The document alleged that Fox News fired political analyst Chris Stirewalt and longtime Washington bureau executives Bill Sammon for their involvement in calling the state of Arizona for Biden on election night. The early call of the close result in the state upset the Trump camp and alienated his supporters. At the time, Fox News said Stirewalt departed as part of a reorganization and Sammon retired. But the motion said Rupert Murdoch himself signed off on the decision to sever Stirewalt and Sammon from the company in an effort to assuage angry viewers who defected. The motion cited a communication from Dana Perino, co-host of Fox News show 'The Five,' describing a phone call with Stirewalt after his dismissal. 'I explained to him — you were right, you didn't cave, and you got fired for doing the right thing,' Perino said. Both Sammon and Stirewalt now work in the Washington bureau of NewsNation, the cable news network owned by Nexstar Media Group.
