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 …
Bank of England threatens curbs on use of ‘funded reinsurance’ Read More »
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 …
Eurostar cancels a quarter of all services, urges against travel Read More »
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 …
UK police officer under criminal investigation over Manchester Airport incident Read More »
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 …
New UK finance minister to outline fiscal ‘mess’, raising chance of tax rises Read More »
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 …
New UK government drops challenge to court over Netanyahu arrest warrant Read More »
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 …
Mel Stride and Robert Jenrick join UK Conservative Party leadership race Read More »
(Reuters) -Britain’s Metro Bank is selling its portfolio of prime residential mortgages to NatWest Group for up to 2.4 billion pounds ($3.1 billion) in cash, it said on Friday. The sale is expected to reduce Metro’s risk-weighted assets by approximately 824 million pounds, leading to an improvement in the British lender’s Common Equity Tier 1 …
Metro Bank sells residential mortgage portfolio to NatWest for $3 billion Read More »
LONDON (Reuters) – Two climate protesters from Just Stop Oil who threw tinned soup at Vincent van Gogh’s “Sunflowers” painting in London’s National Gallery in 2022 were on Thursday found guilty of criminal damage, media reports said. Anna Holland and Phoebe Plummer, now both 22, had thrown tins of Heinz tomato soup on the artwork, …
UK climate duo who threw soup at Van Gogh’s ‘Sunflowers’ found guilty of criminal damage Read More »
By John Irish PARIS (Reuters) – Israel’s foreign minister warned his French counterpart on Thursday of a potential Iranian-backed plot to target Israeli athletes and tourists during the Paris Olympic Games. Israel’s military campaign in the Palestinian-run Gaza Strip, launched in retaliation against Hamas militants’ deadly cross-border raid last October, has inflamed tensions in the …
Olympics-Israel warns France of Iran-backed plot Read More »
By Purvi Agarwal and Roshan Abraham (Reuters) -Britain’s FTSE 100 ended higher on Thursday after upbeat earnings from Unilever and British American Tobacco helped counter losses in precious metal miners on the back of a slump in gold prices. The blue-chip FTSE 100 index closed up 0.4%, rebounding from a three-month low hit earlier in …
