By Khushi Singh (Reuters) -The UK’s benchmark FTSE 100 tumbled on Tuesday to the lowest levels in over a week, hurt by a steep sell-off in commodity-linked stocks over lower metal and crude prices. The blue-chip FTSE 100 index ended 0.8% lower, its biggest one-day decline in two weeks. The domestically focused mid-cap FTSE 250 …
UK’s FTSE 100 drops on steep slump in commodity-linked stocks Read More »
LONDON (Reuters) -Britain’s Serious Fraud Office (SFO) has been refused permission to appeal against a ruling that it only opened a corruption probe into Kazakh mining group ENRC because of its own wrongdoing, leaving the watchdog facing a hefty damages bill. London’s High Court ruled in December that ENRC was entitled to millions of pounds …
UK fraud watchdog faces hefty bill after appeal rejected in ENRC case Read More »
(Reuters) -England test head coach Brendon McCullum will also take charge of their white-ball teams from January next year, the England and Wales Cricket Board (ECB) announced on Tuesday. The 42-year-old former New Zealand captain will replace Matthew Mott, who stepped down following England’s T20 World Cup semi-final exit against eventual champions India in June. …
Cricket-England test head coach McCullum to take charge across all formats Read More »
By Jonathan Cable LONDON (Reuters) – British home prices will make solid gains in the next two years, outpacing overall inflation, but affordability for first-time buyers is likely to improve based on expectations for lower borrowing costs, a Reuters poll of housing market experts forecast. Those saving for a cash deposit and wanting to get …
LONDON (Reuters) – The pound eased on Tuesday, edging lower against both the dollar and the euro, as investors booked some profit on sterling’s largest monthly rally in 10 months ahead of a key read of the U.S. jobs market later this week. Data on Tuesday showed summery weather in August helped boost UK consumer …
By Michael Holden and William James LONDON (Reuters) -Britain will immediately suspend 30 of its 350 arms export licences with Israel because there was a risk such equipment might be used to commit serious violations of international humanitarian law, foreign minister David Lammy said on Monday. Lammy said the decision to suspend the licences did …
UK suspends 30 of its 350 arms export licences to Israel Read More »
(Reuters) – British consumer spending increased modestly in annual terms during August, fuelled by spending on food and drink during summery weather, according to surveys on Tuesday that added to signs of steady economic growth in the second half of 2024. Barclays said consumer spending on its credit and debit cards rose by 1.0% year-on-year …
Summery weather helps boost UK consumer spending, surveys show Read More »
NEW YORK (Reuters) – Jack Draper said he was thrilled to become the first British man to reach the U.S. Open quarter-finals since his friend and mentor Andy Murray in 2016 after beating Tomas Machac in straight sets on Monday. The red-hot Draper has yet to drop a set or a service game at the …
Tennis-Draper carries British hopes into U.S. Open quarters Read More »
By Khushi Singh (Reuters) -UK’s main stock index ended lower on Monday, weakened by a sell-off in aerospace-defence and personal-goods shares, while real estate shares surged on a bid for property portal Rightmove, capping losses. The blue-chip FTSE 100 index fell by 0.2%, after hitting a three-month high Friday and logging its third straight weekly …
FTSE 100 drops amid aerospace and personal goods sell-off Read More »
WARSAW (Reuters) – A former top Polish official who worked closely with ex-prime minister Mateusz Morawiecki was detained in London on Monday, a spokesperson for the Polish prosecution said, adding that prosecutors were seeking his swift extradition to Poland. The man, identified by prosecutors as Michal K., faces accusations in Poland of taking part in …
Former Polish PM’s close associate detained in London Read More »
