UK Job and Wages Data Sparks Investor Concerns

UK job and wages data exceed expectations, leading to a decline in London shares and awaited US inflation data. The Bank of England's Governor mentioned potential higher reserve levels for British banks. Tui AG reports a record first-quarter with a narrowed pretax loss and increased revenue, while Ultimate Products faces a 4.1% revenue decline. Kistos Holdings progresses with the upgrade of the Joutun FPSO, expecting first oil by the end of Q4 2024. Standard Chartered reportedly provided banking services to a Chinese company trading with US-sanctioned Iranian firms, Arak Petrochemical and Bandar Imam Petrochemical.