By Sinead Cruise LONDON (Reuters) – The Bank of England aims to roll out revised new rules on how much capital UK banks must set aside to cope with future crises, as it juggles efforts to shock-proof lenders while supporting growth and without hurting their global commercial interests. In a speech published on Thursday, the …
Bank of England eyes growth with lighter bank capital reforms for UK lenders Read More »
By James Davey LONDON (Reuters) – British retailer the John Lewis Partnership reported a 91% reduction in first half losses and said it was on track to deliver “significantly higher” full-year profit as its turnaround plan gathers pace. Former Tesco executive Jason Tarry is set to succeed Sharon White as chairman of the UK’s largest …
By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England will keep its main interest rate at 5.00% next week but reduce it in November even though inflation is expected to stay above the central bank’s 2% target, a firm majority of economists in a Reuters poll said. In August the BoE cut its Bank …
LONDON (Reuters) – British property surveyors expect sales to continue to grow in the coming months after a gauge of house prices turned positive for the first time in nearly two years, though concerns remained about affordability despite easing borrowing costs. The Royal Institution of Chartered Surveyors said on Thursday that its main house price …
UK housing market recovered further in August, RICS survey shows Read More »
By Suban Abdulla LONDON (Reuters) – Pay awards granted by British employers fell during the three months to July, according to a survey that chimed with an official gauge of cooling wage growth that should keep the Bank of England on track to cut interest rates later this year. Incomes Data Research said on Thursday …
UK pay settlements lowest in nearly two years, IDR survey shows Read More »
By Catarina Demony LONDON (Reuters) – All three candidates running to become the next secretary-general of the Commonwealth, a 56-nation club headed by Britain’s King Charles, said on Wednesday they supported reparations for transatlantic slavery and colonialism. The Commonwealth evolved out of the British empire and is one of world’s biggest international organisations, covering some …
Slavery reparations backed by all candidates vying for Commonwealth boss Read More »
By Purvi Agarwal and Khushi Singh (Reuters) -The UK’s benchmark FTSE 100 stock index ended lower on Wednesday, led by a decline in Rentokil shares after the pest control company warned on North America weakness, while investors assessed the latest U.S. inflation numbers. The blue-chip FTSE 100 was down 0.2%, while the mid-cap FTSE 250 …
FTSE 100 drops on Rentokil warning; U.S. inflation data weighs Read More »
By Amanda Ferguson BELFAST (Reuters) – Britain announced on Wednesday a public inquiry into the 1989 murder in Northern Ireland of human rights lawyer Pat Finucane, whose death remains a lightning rod for anger over state collusion with pro-British paramilitaries. Finucane, who had represented leading Irish nationalists, among others, was shot dead at his home …
Britain orders public inquiry into 1989 murder of Northern Irish rights lawyer Read More »
By Andy Bruce (Reuters) – Britain will revive active job market policies that hark back to past Labour governments to help boost employment and reduce inactivity, a sore spot for the economy, new employment minister Alison McGovern said on Wednesday. McGovern, who took office in July following the landslide election win of Prime Minister Keir …
British government will revive active job support plans, minister says Read More »
By Yamini Kalia and Yadarisa Shabong (Reuters) -Rentokil Initial warned of lower annual profit on Wednesday after weaker than expected sales in its largest market North America, sending shares of the British pest control company as much as 20% down. This is the third warning about weakness in its North America business in the past …
Rentokil shares fall after third warning on North America weakness Read More »
