Canada markets closed
  • S&P/TSX

    19,999.59
    -144.45 (-0.72%)
     
  • S&P 500

    4,166.45
    -55.41 (-1.31%)
     
  • DOW

    33,290.08
    -533.37 (-1.58%)
     
  • CAD/USD

    0.8021
    -0.0073 (-0.90%)
     
  • CRUDE OIL

    71.50
    +0.46 (+0.65%)
     
  • BTC-CAD

    43,148.08
    -1,932.05 (-4.29%)
     
  • CMC Crypto 200

    888.52
    -51.42 (-5.47%)
     
  • GOLD FUTURES

    1,763.90
    -10.90 (-0.61%)
     
  • RUSSELL 2000

    2,237.75
    -49.71 (-2.17%)
     
  • 10-Yr Bond

    1.4500
    -0.0610 (-4.04%)
     
  • NASDAQ

    14,030.38
    -130.97 (-0.92%)
     
  • VOLATILITY

    20.70
    +2.95 (+16.62%)
     
  • FTSE

    7,017.47
    -135.96 (-1.90%)
     
  • NIKKEI 225

    28,964.08
    -54.25 (-0.19%)
     
  • CAD/EUR

    0.6758
    -0.0036 (-0.53%)
     

PRESS DIGEST- Financial Times - May 11

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.

BENGALURU, May 11 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- UK consumer spending rises above pre-pandemic levels for first time in 2021 https://on.ft.com/3y0FHrj

- UK employers lose 2 bln stg in unspent apprenticeship levy funds https://on.ft.com/3fcjyOa

- Pound hits highest level since February as election results dim risks https://on.ft.com/3y3UXnm

- Metro Bank calls for looser rules on small banks to aid UK recovery https://on.ft.com/2SIPS3N

- Boris Johnson moves ahead with reopening after election triumph https://on.ft.com/3hidZQT

Overview

- Britain's consumer spending rose above pre-pandemic levels in April for the first time this year, buoyed by many sectors reopening and older people booking holidays, according to payments card data.

- British employers have lost £2bn over the past two years in apprenticeship levy funds that they have been unable to spend, exposing weaknesses in the government's flagship training policy, according to analysis by a business group.

- The British Pound has rallied to its highest level against the dollar since February after the Conservative party tightened its grip on power and the prospects of a referendum in the near future on independence for Scotland dimmed.

- Metro Bank's chief executive has urged regulators to take advantage of a "unique moment" to boost competition by loosening rules for small banks, warning that the sector’s current weakness will hamper the Britain's recovery from the coronavirus crisis.

- Boris Johnson will cap a resounding set of election victories in England by announcing a significant reopening of the economy on May 17, but as the threat of Covid-19 eases he faces new political danger in Scotland. (Compiled by Bengaluru newsroom)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting