By Naomi Rovnick and Amanda Cooper LONDON (Reuters) -Big investors are growing more confident about a comeback for neglected UK assets, with the Bank of England’s move to cut interest rates from a 16-year high burnishing the feel-good factor from the new British government’s landslide election win. The BoE cut rates by a quarter point …
Bank of England rate cut boosts comeback factor for UK markets Read More »
LONDON (Reuters) – The body of Stephen Lawrence, a Black teenager killed in an unprovoked racist attack in London three decades ago, will be returned to Britain from Jamaica where he was originally buried, his mother said on Thursday. The family made the decision public after images of Lawrence’s grave taken after the funeral home …
Stephen Lawrence’s body to return to UK three decades after racist murder Read More »
A UK regulator on Thursday reported more than 252,000 cases of authorised push payment scams worth about 341 million pounds ($438 million) last year where people lost money from their accounts to fraudsters posing as genuine payees. The Payment Systems Regulator said the volume of such bank transfer scams increased by 12% to 252,626 from …
UK regulator says push payment scams worth 341 million pounds reported in 2023 Read More »
By Ron Bousso LONDON (Reuters) -Shell reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months as refining margins and oil and gas trading weakened, though still beating analysts’ forecasts. The results were lifted by strong performances in the oil and gas production and retail marketing businesses and the profit …
Shell beats forecasts with $6.3 billion second quarter profit Read More »
By Manon Cruz and Kylie MacLellan SOUTHPORT, England/LONDON (Reuters) -A 17-year-old boy appeared in an English court on Thursday charged with the murder of three young girls in a knife attack at a summer dance class that has shocked the nation and sparked two nights of violent protests. Axel Rudakubana first appeared at Liverpool Magistrates’ …
UK charges 17-year-old boy with murder in Southport child killings Read More »
By Kylie MacLellan LONDON (Reuters) – Family doctors in the state-funded National Health Service (NHS) in England will begin industrial action on Thursday after voting overwhelmingly in favour of doing so in a dispute over funding and contract changes. The British Medical Association (BMA) trade union said more than 8,500 General Practitioners (GPs) had taken …
Family doctors in England to begin industrial action Read More »
LONDON (Reuters) – British Prime Minister Keir Starmer condemned far-right demonstrators after outbreaks of violence in London and elsewhere following the killing of three young girls in Southport, northwest England. “As far as the far-right is concerned, this is coordinated, this is deliberate,” he told a press conference, referring to the violent clashes this week. …
UK PM Starmer condemns far-right for violence after Southport killings Read More »
LONDON (Reuters) – British businesses’ expectations for wage growth in the next 12 months cooled slightly in July, according to a survey that could help ease the concerns of Bank of England policymakers who are tasked with keeping inflation on target. Expectations for wage growth over the coming year in the BoE’s Decision Maker Panel …
UK firms scale back expected wage growth, BoE survey shows Read More »
By David Milliken, Andy Bruce and Suban Abdulla LONDON (Reuters) – The Bank of England cut interest rates from a 16-year high on Thursday after a tight vote by its policymakers who were split over whether inflation pressures had eased sufficiently. Governor Andrew Bailey led the 5-4 decision to reduce rates by a quarter-point to …
Bank of England cuts rates from 16-year high, will be ‘careful’ on next moves Read More »
LONDON (Reuters) – The Bank of England’s chief economist Huw Pill has been reappointed to its Monetary Policy Committee after consultation with Britain’s finance minister Rachel Reeves, the central bank said on Thursday. Pill, whose three-year term was due to end on Sept. 5 this year, will now hold the post until September 2027. (Reporting …
Huw Pill reappointed to Bank of England monetary policy committee Read More »
