Saudi Arabia's government then decided to nationalise part of Aramco.
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Commitments to re-nationalise utilities and expand public ownership of industry followed.
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His manifesto promised to nationalise industries, empower trade unions and boost public spending.
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EU state-aid rules could thwart his plans to nationalise or subsidise industries.
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There are specific commitments to nationalise the Royal Mail, energy, rail and water companies.
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It ended badly, in hyperinflation, slump and a failed bid to nationalise the banks.
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Opposition leader Jeremy Corbyn has vowed to nationalise rail operators if he wins power.
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RAIL Labour wants to nationalise the rail industry within five years of winning power.
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Plans to nationalise energy, rail and mail services smack more of Venezuela than western Europe.
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Labour's plans to nationalise some utilities are already having an impact on corporate debt prices.
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Meanwhile, Labour leader Jeremy Corbyn is promising to nationalise vast swathes of the UK economy.
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Kolomoisky has challenged the authorities' decision to nationalise PrivatBank, which he said was done without justification.
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Spending by outside groups tends to nationalise races, too, forcing every candidate into familiar partisan templates.
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The Labour party, meanwhile, has cooled on plans to nationalise or break up RBS, Reynolds said.
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Its achievement was to nationalise a patchwork system and make it free at the point of delivery.
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The Corbynites want to nationalise the "crown jewels" that the Thatcherites privatised: the utilities and British Rail.
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He promised to nationalise rail, water and energy companies while taxing high earners to fund public services.
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Sechin helped him nationalise much of the Russian oil industry and was appointed Rosneft CEO in 2012.
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ENERGY Labour wants to nationalise the energy networks which transport electricity and gas to homes and businesses.
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If Clark rejects this as unpalatable ahead of European Parliament elections this week, he could nationalise the operations.
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His threat to nationalise the Saint-Nazaire yard (rather than cede control to Fincantieri) is a retrograde step.
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The leader of the opposition Labour Party, Jeremy Corbyn, has pledged to nationalise water, mail and rail companies.
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Germany and Spain announced similar initiatives this week, while France said it could nationalise big companies if necessary.
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The ruling African National Congress (ANC) party then proposed at a policy conference to nationalise the central bank.
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The party wants to nationalise railways, energy and water utilities, Royal Mail, and part of the telecom network.
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Jeremy Corbyn, Labour's far-left leader, wants to nationalise the utilities and railways, many of whose owners live abroad.
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"The airport is the only thing in this country he [Mr McDonald] doesn't want to nationalise," wails Mr Houchen.
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Caroline Lucas, the Green MP for Brighton Pavilion, wants to nationalise the franchise; polls suggest most passengers do too.
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Labour said it plans to nationalise telecoms provider BT's fixed-line network if it wins Britain's December 12 election.
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Two years ago, the government abruptly moved to nationalise a shipyard that Italian shipbuilder Fincantieri had agreed to buy.
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PRIVATE SECTOR CONTRACTS Labour has vowed to nationalise all private finance contracts - which fund public infrastructure with private capital.
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Labour has previously pledged to nationalise power networks, Royal Mail, rail and water companies, but McDonnell said it would not nationalise the whole of BT. "We're not taking over all of BT, we're simply taking over Openreach, the BT technology and some elements from within BT itself," he told BBC's Today radio programme.
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Earlier in the evening, the government had denied a claim that it was on standby to part-nationalise Port Talbot.
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In July Kenya's parliament voted to fully nationalise Kenya Airways as part of a plan to rescue it from debt.
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Over the weekend the party announced plans to nationalise key industries and give workers a third of seats on company boards.
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Known for its far-left policies including plans to nationalise mines, the party punches above its weight on the political scene.
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To carry out its proposal, Labour said it would nationalise parts of BT, the country's biggest broadband and mobile phone provider.
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But, as the schools are aware, Labour would not need to nationalise them to make their life a lot more difficult. ■
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A more extreme option would be to nationalise antibiotic production, but that would only cause private-sector innovation to shrivel even further.
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News that Britain's opposition Labour Party would nationalise parts of the telecoms provider BT's network if it won power in the Dec.
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He has managed with remarkable speed to nationalise a model for fighting crime that he pioneered as mayor of Davao for 22 years.
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If Labour tried to nationalise a company without paying what would reasonably be considered as fair market price, a court challenge would follow.
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The opposition Labour party on Thursday announced it wants to nationalise telecoms provider BT's network in order to give everyone speedy fibre connections.
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Labour's promise to re-nationalise the railways, which would have been unthinkable ten years ago, is popular today: thank high fares and private profit.
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Mr Bevin's playbook is to not merely play defence on the education and health-care fronts, but to aggressively try to nationalise the election.
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The rand currency was rattled after opposition firebrand Julius Malema introduced a bill late on Thursday to nationalise the South African Reserve Bank (SARB).
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"The aim is not to nationalise Saint-Nazaire, but we have to temporarily," Le Monde reported a source close to the matter as saying.
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Britain said in January that the SWR contract was not financially sustainable in the long term and it was considering whether to nationalise it.
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Utilities SSE and National Grid Media fell amid media reports on Labour Party leader Jeremy Corbyn's plans to nationalise energy networks at below market value.
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ROME, May 10 (Reuters) - Italy's government cannot rule out it will be forced to nationalise troubled lender Banca Carige , a junior minister said on Friday.
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Prime Minister Giuseppe Conte said on Thursday there were no plans to nationalise Carige after U.S. fund manager BlackRock ditched a proposal to rescue it.
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Labour leader Jeremy Corbyn has said he will nationalise Britain's water, electricity, gas and railway operators should his opposition party win the next national election.
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Asked if the government planned to nationalise the motorway concession sector, Conte said the government was examining the best way to meet the public interest.
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LONDON, Nov 15 (Reuters) - British Prime Minister Boris Johnson said Labour Party leader Jeremy Corbyn's plan to nationalise BT's network was a "crazed Communist scheme".
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At the end of last month, rather than see the yard sold into Italian hands, the government of Emmanuel Macron pledged to nationalise it instead.
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The party's plans to nationalise utilities and raise taxes on companies may unnerve money managers, while a falling pound makes gilts less attractive to foreigners.
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BT shed 2% after Labour leader Jeremy Corbyn said his party would nationalise parts of the company's network if it won power in the Dec.
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The most eye-catching proposal, a plan to nationalise BT's broadband operations and then offer the service free of charge, was announced the previous week.
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Jeremy Corbyn has taken Labour far to the left with a plan to re-nationalise industries and spend billions on public services, including free university education.
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Mr Kobach hopes to nationalise his Interstate Voter Registration Crosscheck Programme, which brings 27 Republican states together in Kansas to compare voter rolls, says Ms Gupta.
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Stalin expropriated, expelled or exterminated many of the most prosperous and sophisticated farmers (the "kulaks"), requisitioned grain at low prices and tried to nationalise draught-animals.
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Their share prices have dipped in recent weeks as the election approached, with investors concerned about manifesto promises to cap energy prices or nationalise the companies.
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It's now pretty clear that if the opposition Labour party, led by Jeremy Corbyn, wins any snap election, the new administration would nationalise the energy networks.
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Gontareva, 54, says she is being hounded as part of a long-running battle over her decision in December 2016 to nationalise PrivatBank, Ukraine's biggest lender.
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Even more eye-catching is a pledge to nationalise the broadband network and offer free-to-use high-speed broadband to every household in the country.
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The party's membership wants to go one step further and passed a motion at its annual conference in September proposing to nationalise Britain's largest energy suppliers.
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His manifesto was festooned with far-left pledges to tax business and the rich, to nationalise the railways and utilities, and to spend lots of public money.
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Prime Minister Giuseppe Conte said on Thursday there were no plans to nationalise the ailing Italian bank, after U.S. fund manager BlackRock ditched a proposed rescue it.
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"There's always someone judicially reviewing you," huffs one former Conservative chancellor, who, needless to say, did not attempt to nationalise Britain's utilities during his time in office.
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Shares of BT shed 2%, after Labour leader Jeremy Corbyn said his party would nationalise parts of the company's network if it won power in the Dec.
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The National Bank of Ukraine (NBU) said on Monday that the government would nationalise PrivatBank to "prevent it from sinking into a deeper crisis" and protect depositors.
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PARIS, July 27 (Reuters) - The French government has decided to nationalise the STX France shipyard in an ownership standoff with Italy, Le Monde newspaper reported on Thursday.
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More from the Financial Times: Poland pins hopes on electric-vehicle future Commercial property investors descend on booming Bucharest Russia to nationalise big private lender B&N
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On Monday, McDonnell set out plans to nationalise billions of pounds of privately-funded infrastructure contracts, cap credit card interest charges, and get extra cash from large corporations.
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On Thursday, the head of Britain's National Grid criticised Labour's plans to re-nationalise energy networks, saying that would increase costs for consumers and might prompt legal challenges.
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LONDON, Dec 19 (Reuters) - Ukraine's dollar-denominated bonds jumped by more than 1 cent on Monday after the government said it would nationalise the country's biggest lender, PrivatBank.
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The opposition Labour Party wanted to nationalise BT's fixed-line network and provide free services, a radical step that put broadband at the top of the political agenda.
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Despite his support for the campaign, in a private meeting Mr McDonnell opposed plans to nationalise private schools, and a number of unions are worried by the proposal.
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It wants to nationalise mines and banks, and played a key role in holding Zuma to account for spending state money on non-security upgrades to his private residence.
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Speaking at a debate in parliament on Wednesday, former energy secretary Ed Davey said opposition Labour Party plans to nationalise energy infrastructure would not aid a low-carbon transition.
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Relations between France and Italy were at a low ebb following France's decision to nationalise the STX France shipyards, thus cancelling a deal with an Italian state-owned firm.
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She vowed to nationalise industries, mines and land, end the independence of the central bank and create jobs by making the state and state-owned firms employ more people.
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Yet proposals to nationalise certain industries still make Labour pretty toxic, says one sympathetic businessman, who hopes that economic reality would force a Corbyn government to dilute its plans.
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Plans to nationalise power networks, water, rail and postal companies expanded last month to include the fixed-line network of telecoms group BT to give free broadband to everyone.
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Labour plans to nationalise various utilities (railways, water, the Royal Mail and some energy) and to cancel some private finance initiatives (PFI), by bringing them back into the public sector.
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It holds a 23.2% stake in L'Oréal, the result of a deal Ms Bettencourt struck in the 1970s to fend off Socialist politicians she feared could nationalise the family firm.
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BERLIN (Reuters) - The German government plans to nationalise motorway truck toll company Toll Collect temporarily until a new operator has been found, a transport ministry spokesman said late on Monday.
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Labour plans to nationalise industries such as water and mail delivery by issuing bonds in exchange for shares, and has outlined a 500 billion pound decade-long public investment plan.
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Though it would be expensive, and therefore win less public support, the party could ward off legal challenges by offering a market price for the companies it wanted to nationalise.
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Whereas Labour may be keen to cut back on private firms carrying out planned operations, it would not want to nationalise, say, family doctors' practices, which are mostly private partnerships.
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The big news in the UK market is BT's 2% fall after Labour said it would nationalise parts of telecoms provider BT's network if it won power in the Dec.
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Britain's opposition Labour Party published plans to re-nationalise the country's energy networks, prompting utilities to warn of damage to investment, high taxpayer costs and a slower transition to green energy.
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The default mindset of Labour Party members is still very much what it was before Tony Blair: nationalise what you can and then champion "us" against "them" in the private sector.
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Labour has laid out plans this month to re-nationalise utilities, who have hit back saying it would lead to higher costs for taxpayers and a slower move to clean energy.
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Firms can expect much of this to go unchallenged by Labour, which is proposing to nationalise key industries, raise corporate tax and levy a fee on companies that pay employees "excessively".
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In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism, although Mongolia has been trying to nationalise a stake in a copper mine.
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France's decision to nationalise the STX France shipyard to prevent an Italian firm taking majority control was "grave and incomprehensible", Rome's economy and industry ministers said in a statement on Thursday.
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He vows to nationalise mines and banks, seize white land without compensation and build bigger houses for the poor so that they can have sex without being disturbed by their children.
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Labour's left-wing leadership outlined a plan to nationalise the fixed-line network of telecoms group BT while Prime Minister Boris Johnson promised full-fibre broadband to all homes by 2025.
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The party wants to nationalise several industries, including water, for which it is considering basing compensation for investors on "book" value—currently a third of the industry's market value—or even less.
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Katanga's shares, which soared last year on the strength of rising cobalt prices (see chart), have plunged on fears that Gécamines may nationalise the mine and sell it to a Chinese rival.
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"This step comes as part of the efforts of SAMA to nationalise leading positions in financial institutions under its mandate in accordance with Vision 2030," the Saudi Arabian Monetary Authority (SAMA) said.
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Yamani, head of oil and gas industries at the CDT union, said the state should nationalise Samir "to safeguard thousands of jobs and save Morocco's refining industry" if no sale was agreed.
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But transport operator Stagecoach slid 6.3% after HSBC downgraded the stock and Britain said it would nationalise Northern Rail, ahead of a review of railway services due to be published in weeks.
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LONDON, Jan 22 (Reuters) - Britain's Department for Transport said the South Western Railway (SWR)contract was not financially sustainable in the long term and it was considering whether to nationalise the network.
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McDonnell, who trained to be a priest, met top finance executives last month where he was challenged on plans to nationalise companies at a price set by parliament, potentially below market rates.
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Traders were also more optimistic that Rusal might avoid destruction after the Russian government said it could nationalise the company temporarily and rumours circulated that Rusal was talking to Chinese buyers, Nugent said.
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KIEV, April 18 (Reuters) - A Kiev court has ruled that a decision taken in 2016 to nationalise PrivatBank, Ukraine's largest lender, violated the law, the central bank said in a statement on Thursday.
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The Dutch state stepped in to nationalise the rump ABN and Fortis operations in the Netherlands as they hurtled toward an insolvency in October 2008 that would have crippled the country's banking system.
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Labour has pledged to nationalise energy networks and also set up a state-owned company to develop and own stakes in the country's offshore wind farms if it wins power in the Dec.
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The government is looking for 1.2 billion euros from state-owned groups CDP, Ferrovie dello Stato and Poste Italiane to help nationalise, with 51 percent, Alitalia, La Stampa said on Saturday, citing government sources.
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"They do not want to appear to be 'commanding heights'," with their plan to nationalise utilities such as gas and electricity, "so they are talking about trendy co-op things as well," he says.
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Polish government does not want to further nationalise assets held by private pension funds, planning to create conditions for more common investment on the Warsaw bourse, daily Puls Biznesu quoted economy minister Mateusz Morawiecki.
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Multiple media outlets, including the Financial Times, earlier reported that a leaked Labour party document showed plans to re-nationalise the country's 60-billion-pound plus energy networks at a price decided by parliament.
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The bank has recently had to fend off renewed calls by the ruling African National Congress (ANC) to nationalise the regulator and extend its mandate beyond inflation targeting to include economic growth and unemployment.
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McDonnell, a veteran socialist who has won over many voters with his promises to re-nationalise services and increase public spending, said he wanted a "new start" in relations with London's lucrative financial sector.
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But Mr Zelensky is also surrounded by reformers, including Oleksandr Danyliuk, a respected former finance minister who clashed with Mr Kolomoisky, helping to nationalise his bank and then securing a freeze of his worldwide assets.
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LONDON, Nov 15 (Reuters) - British opposition Labour Party leader Jeremy Corbyn's plans to nationalise part of BT to offer people free internet would be illegal under European Union state aid rules, the Conservative Party said.
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LONDON, Jan 29 (Reuters) - Britain said it would nationalise Northern Rail, putting services between cities like Manchester and Leeds into government control after it axed a contract with Deutsche Bahn's Arriva due to poor performance.
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Surviving policies from 2017 include a plan to nationalise utilities, alongside Royal Mail and the rail network, and a range of new rights for workers, from a higher minimum wage to restored collective-bargaining rights.
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The Tories have yet to unveil proposals on deregulation, but Labour's plans to nationalise industries and take a tenth of big firms' equity (returning some dividends to workers) have been laid out in gory detail.
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Having no experience of Virginian politics, aside from two years representing a conservative district in the House of Representatives between 2008 and 20010, Mr Perriello had little choice but to try to nationalise the primary race.
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LONDON (Reuters) - Plans by Britain's opposition Labour Party to nationalise utilities including the country's electricity grid will damage investment as well as hurting many small shareholders, one of the country's main business groups warned on Tuesday.
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The first is that the Conservatives have made most of the running: Labour has been fighting to defend its home turf by campaigning in Labour constituencies and promising to expand the welfare state and nationalise industries.
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SIBIU, Romania, May 9 (Reuters) - Prime Minister Giuseppe Conte said on Thursday there were no plans to nationalise ailing Italian bank Carige, adding that a market solution to save the lender had to be found instead.
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The man who left the Socialist Party after three decades in 2009 to pursue a tougher brand of socialism wants to nationalise key sectors like airports and motorways, create a public banking giant and legalise cannabis.
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France will nationalise the STX France shipyard to prevent an Italian firm taking majority control, the economy minister said on Thursday, triggering an angry response from Rome to President Emmanuel Macron's first big industrial policy decision.
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Investors value British utilities for their steady returns and OMERS started accumulating a stake in Thames Water last year, despite Britain's opposition Labour Party saying it would nationalise industries such as rail and water if elected.
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LONDON, Nov 15 (Reuters) - Britain's opposition Labour Party's plans to nationalise parts of telecoms provider BT's network and provide free full fibre broadband may cost more than 100 billion pounds ($127 billion), BT chief executive said.
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The rand has since surrendered those gains, dipping back near seven-week lows on Wednesday as proposals by the ruling party to nationalise the central bank and expropriate land raised fears of more anti-market policies.
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French Finance Minister Bruno Le Maire said on Tuesday the government was prepared to inject capital into strategic companies and even nationalise them if necessary in the face of the financial market fallout from the outbreak.
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The party not only promises to nationalise water, rail, mail and part of BT (at prices set by Parliament, not the market), but also to set up a national investment bank and even a state drugmaker.
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KIEV (Reuters) - The central bank would push to nationalise PrivatBank a second time if a court ruled to annul a 2016 decision to take Ukraine's largest lender into state ownership, a top central bank official told Reuters.
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LONDON, Nov 15 (Reuters) - A plan to nationalise parts of BT to provide free broadband to everyone in Britain marks the extent of the opposition Labour Party's nationalisation policy, its finance spokesman John McDonnell said on Friday.
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It would nationalise Openreach - the fixed-line network arm of the country's biggest broadband and mobile phone provider - as well as parts of BT Technology, BT Enterprise and BT Consumer to created a "British Broadband" public service.
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The feeling is that if Labour could pull off the impossible by overturning a Conservative majority in Brighton (Kemptown) by a staggering 10,000 votes then it can also nationalise the means of production and end war on earth.
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"They expect to meet a raving extremist who is about to nationalise their company and send them on a re-education course somewhere up north," he told financiers during a speech at Bloomberg's headquarters in London last month.
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To nationalise the water industry, for instance, might cost anywhere from £14bn (according to Bernstein, a research firm, using Labour's preferred methodology) up to £90bn (according to the Social Market Foundation, in a study commissioned by the industry).
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Five members of parliament have led efforts against Enkhbold and the two parties, and they announced on Monday they had formed a group called "Wealth Owner Mongolia" that would fight against corruption and nationalise mines of "strategic" importance.
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Labour plans to nationalise Openreach - the fixed-line network arm of the country's biggest broadband and mobile phone provider - as well as parts of BT Technology, BT Enterprise and BT Consumer to create a "British Broadband" public service.
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Labour policies include plans to nationalise rail, mail, utility and water companies, give 10% of big companies' shares to staff, bring in a four-day working week, hike taxes on the wealthy, and ramp up borrowing and spending.
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KAMPALA, July 2 (Reuters) - Uganda's plan to nationalise its internet data exchange service will result in poorer quality services and discourage investment in one of East Africa's most thriving information and communications technology (ICT) sectors, industry players say.
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JOHANNESBURG, July 6 (Reuters) - South Africa's rand hovered near seven-week lows against the dollar in early trade on Thursday after the ruling party proposed at a policy conference to nationalise the central bank and expropriate land without compensation.
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The news helped BT shares to make up some lost ground after Britain's opposition Labour Party said it would nationalise BT's fixed line network to provide free full-fibre broadband for all if it wins the election next month.
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The rand hit a seven-week trough after the ruling African National Congress failed to agree a clear plan to get the economy out of recession, with pledges to nationalise the central bank and expropriate land set to stoke fears further.
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The Mongolian Copper Corporation (MCC) said earlier this month it would fight a decision by the Mongolian government to repurchase its stake in one of Asia's biggest copper mines for about $400 million after a failed attempt to nationalise it.
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The new president has delivered strong messages on the need to protect the taxpayers interest and stands by the correctness of the decision to nationalise the bank, PrivatBank supervisory board member Artem Shevalov said on the sidelines of the conference.
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"It can go as far as the state taking temporary stakes in companies - not to nationalise them and run them in the long run but to prevent key technologies being sold off and leaving the country," he told a news conference.
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Local factors such as woes at state power utility Eskom and President Cyril Ramaphosa's comments in parliament on Thursday that the ruling party will press ahead with plans to nationalise the South African Reserve Bank (SARB) have also weighed on sentiment.
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Kganyago has in recent months defended the central bank's independence after calls by some officials in the ruling African National Congress (ANC) to nationalise the bank and extend its mandate beyond inflation-targeting to include boosting economic growth and unemployment.
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The new president has delivered strong messages on the need to protect the taxpayers' interest and stands by the correctness of the decision to nationalise the bank, PrivatBank supervisory board member Artem Shevalov said on the sidelines of the conference.
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In a separate report, daily La Repubblica on Sunday said Rome was planning an immediate intervention in favour of the air transport industry worth 1003 million euros, followed by other measures worth 3 billion euros, which would help nationalise Alitalia.
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In the early 2000s protests by alteños forced out of office two Bolivian presidents: Gonzalo Sánchez de Lozada, who sought to export Bolivia's gas through Chile, a rival, and Carlos Mesa, his successor, who resisted their demands to nationalise gas reserves.
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The government has also sought to reassure the global lender that there would be no rollback of an IMF-backed decision in 2016 to nationalise PrivatBank, Ukraine's largest lender, which was owned by one of the country's most powerful tycoons.
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Italian Industry Minister Carlo Calenda ruled out the idea of Rome responding to France's move on STX France by seeking to nationalise Telecom Italia: "One doesn't respond to nonsense with even bigger nonsense," he said at an event on Saturday.
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LONDON, July 0753 (Reuters) - Emerging currencies stayed on the back foot on Thursday after the previous day's slides, with South Africa's rand holding near seven-week lows due to a scare caused by proposals to nationalise the central bank and expropriate land.
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The rand fell 0723 percent, extending the 0713 percent slide driven by proposals at the conference of the ruling ANC to nationalise the respected central bank and expropriate land without compensation but also by the party's failure to agree any much-needed reforms.
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A staunch defence of Teesside's culinary heritage, coupled with a plan to nationalise the local airport and overhaul the police, was enough for the Tory candidate to shock Labour and become the first mayor of the Tees Valley Combined Authority last spring.
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The company, which faces a threat from the Labour Party's plan to nationalise the rail industry, said it had seen driver and engineering costs rise in its regional bus unit and was working to lower expenses and address underperforming areas of the business.
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In its election manifesto, published this week, Britain's Labour Party promises, besides higher taxes for the rich and vastly increased public spending, to nationalise parts of BT, formerly a state-owned telecoms monopoly, and to provide free fibre-optic broadband for all.
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"The DA is convinced that instead of being a vehicle to provide quality healthcare for all, this Bill will nationalise healthcare ... and be an additional tax burden to already financially- stretched South Africans," said Siviwe Gwarube, the DA's shadow health minister, in a statement.
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Below are the private utility and infrastructure companies that Labour, currently lagging in opinion polls, says it wants to take back under state control: BROADBAND Labour has said it will nationalise telecoms provider BT's fixed line network to provide free full-fibre broadband for all.
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"Remember that Labour had previously threatened to nationalise utilities and Royal Mail, so investors may be starting to price in a higher likelihood of a general election in the near future and for Labour to have a strengthening hand," said Russ Mould, investment director at AJ Bell.
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The result is that investors face the choice between a weak and wobbly Tory government and a Labour administration which plans to raise taxes on corporate profits, executive pay, and financial transactions (the IFS described it as the biggest-ever peacetime tax hike), as well as nationalise key industries.
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"Prime Minister Boris Johnson will this week make his first visit to Northern Ireland as PM, and Unite is again calling on his government to nationalise Harland and Wolff and cooperate with the workers to chart a way forward for the yard," said Unite's Regional Coordinating Officer Susan Fitzgerald.
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The belief that the party will lose is so widespread that you can get odds as high as 20/30 on a victory for the party; market indifference is such that its plans to nationalise the water industry have caused shares in the biggest provider, United Utilities, to fall just 1.6%.
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The main opposition to the left in the Labour Party comes from the old right, led by Tom Watson, Mr Corbyn's deputy, not from Blairites; the right has contempt for Mr Corbyn because of his havering on the IRA and Hamas and his long history of rebellion, not because he seeks to nationalise industries.
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"Sectors which are perceived to be in the political firing line would include the water, gas and electricity utilities, transport stocks (especially rail operators) and also Royal Mail , given Labour's campaign pledge to nationalise them and do so at below-market rates for good measure", said Ross Mould, an investment director at AJ Bell.
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S. trade deal stoke risk appetite * BT falls on Labour nationalisation pledge Nov 15 (Reuters) - London's FTSE 100 followed global peers higher on Friday as hopes of an imminent U.S.-China trade deal were rekindled by comments from a senior U.S. official, while BT slipped after Britain's opposition party vowed to nationalise parts of the telecoms provider.
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British opposition party Labour's finance spokesman John McDonnell said that Labour government will nationalise BT Group Plc and make available free full-fibre broadband across the UK. British Banks' plan to levy "transaction fee" of nearly 3 pence to compensate victims of banking fraud has been discontinued due to lack of consensus among banks and payment providers.
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S. trade deal stoke risk appetite * BT falls on Labour nationalisation pledge * Carpetright jumps on buyout deal (Adds news items, analyst comment, updates share prices) Nov 15 (Reuters) - London's FTSE 100 followed global peers higher on Friday after a senior U.S. official hinted that a trade deal with China might be imminent, while BT slipped after Britain's opposition party vowed to nationalise parts of the telecoms provider.
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