Reuters UK Domestic

UK drivers still paying too much for road fuel, says regulator

LONDON (Reuters) -Britain’s competition regulator said on Friday the country’s drivers are still paying too much for road fuel, with increases in retail fuel margins costing them over 1.6 billion pounds ($2.1 billion) in 2023. The Competition and Markets Authority (CMA) said its analysis showed the cost to drivers of weakened competition in the fuel …

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British mid-cap stocks close at over two-year high on earnings optimism

(Reuters) -British mid-cap stocks rallied to their strongest finish in more than two years on Friday, helped by a slew of upbeat company earnings reports and a rebound on Wall Street following benign U.S. inflation data. The FTSE 250 index of domestically oriented UK stocks closed up 2.3% at its highest level since March 2022, …

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NatWest snaps up $3 billion Metro Bank mortgage book, upgrades outlook

By Lawrence White and Yadarisa Shabong LONDON (Reuters) -NatWest has bought a 2.4 billion pound ($3.09 billion) mortgage book from Metro Bank and upgraded its performance outlook for the year, boosting its shares even though the British bank’s first-half profit fell 16%. The transaction represents the latest in a slew of consolidation deals this year …

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Bank of England threatens curbs on use of ‘funded reinsurance’

By Huw Jones and Carolyn Cohn LONDON (Reuters) – Britain’s insurers could face curbs on how they undertake acquisitions of certain pension schemes unless they manage risks better, the Bank of England said on Friday. Large UK insurers such as Legal & General, Aviva and Phoenix have cashed in on demand for bulk annuities, insurance …

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Eurostar cancels a quarter of all services, urges against travel

LONDON (Reuters) -Eurostar said it would cancel a quarter of all services on its network and asked passengers to postpone their travel where possible on Friday after its rail services between London and Paris were disrupted by acts of vandalism in France. Saboteurs struck France’s TGV high-speed train network in a series of pre-dawn attacks …

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UK police officer under criminal investigation over Manchester Airport incident

LONDON (Reuters) -Britain’s police complaints watchdog said on Friday an officer was under criminal investigation for assault over an incident at Manchester Airport where a policeman was filmed stamping on a suspect’s head during an arrest. The clip, filmed by an onlooker on Tuesday, was posted on social media and showed a chaotic scene in …

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New UK finance minister to outline fiscal ‘mess’, raising chance of tax rises

By Alistair Smout, David Milliken and David Lawder LONDON/RIO DE JANEIRO (Reuters) – New British finance minister Rachel Reeves will spell out on Monday the scale of the public finances mess she says she has inherited, potentially paving the way for tax rises that critics say she could have been more candid about before the …

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New UK government drops challenge to court over Netanyahu arrest warrant

LONDON (Reuters) -Britain’s new government said on Friday it was dropping its predecessor’s query of the International Criminal Court’s (ICC) jurisdiction to issue an arrest warrant for Israeli Prime Minister Benjamin Netanyahu. The ICC’s chief prosecutor has requested warrants for Netanyahu and his defence minister, Yoav Gallant, on suspicion of war crimes, infuriating Israel and …

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Mel Stride and Robert Jenrick join UK Conservative Party leadership race

LONDON (Reuters) – Former government ministers Mel Stride and Robert Jenrick have entered the race to become the next leader of Britain’s Conservative Party, which lost power after 14 years at this month’s election. Former prime minister Rishi Sunak said he would step down as leader following the party’s worst ever election performance, but would …

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