LONDON (Reuters) -Four hopefuls were left in the race to become leader of the Conservatives on Tuesday after centrist former work and pensions minister Mel Stride was knocked out of a race set to shape the future direction of Britain’s once dominant party. The contest to replace former Prime Minister Rishi Sunak will run until …
Factbox-Who are the UK Conservative leadership hopefuls? Read More »
By Khushi Singh and Purvi Agarwal (Reuters) -London’s FTSE 100 ended lower on Tuesday, led by a sell-off in healthcare and energy shares, while cooling wage growth in the UK cemented bets for further interest rate cuts by the Bank of England. The blue-chip FTSE 100 fell 0.8%, after logging its best day in over …
FTSE 100 falls on healthcare, energy weakness; cooling wage growth fuels rate cut bets Read More »
By Andrew MacAskill and Elizabeth Piper LONDON (Reuters) -British Prime Minister Keir Starmer avoided a major rebellion in his party on Tuesday over plans to cut 1.5 billion pounds ($1.96 billion) in winter fuel payments to the elderly after unhappy lawmakers abstained rather than voting against the government. The vote was an important test of …
UK PM Starmer sees off rebellion over cuts to winter fuel payments Read More »
LONDON (Reuters) – Britain’s financial watchdog said on Tuesday it had for the first time charged an individual for unlawfully running crypto ATMs without its registration. London-based Olumide Osunkoya, 45, is accused of operating the ATMs – machines that allow you to buy or convert money into cryptoassets – and processing 2.6 million pounds ($3.4 …
UK financial watchdog charges man with running illegal crypto ATMs Read More »
NEWRY, Northern Ireland (Reuters) – Jeffrey Donaldson, the former leader of Northern Ireland’s Democratic Unionist Party (DUP), pleaded not guilty on Tuesday to 18 charges related to historical sex offences, including one count of rape. His trial will begin on March 24, Newry Crown Court heard. Donaldson, one of Northern Ireland’s best-known politicians, stepped down …
Northern Ireland’s Donaldson pleads not guilty to historical sex offences Read More »
By Paul Sandle LONDON (Reuters) -British hedge fund founder Paul Marshall has bought The Spectator political magazine for 100 million pounds ($131 million), seller RedBird IMI said on Tuesday. The title, which is influential in Conservative circles and was previously edited by former Prime Minister Boris Johnson, was put up for sale alongside the Daily …
Britain’s Paul Marshall buys The Spectator magazine Read More »
By Michael Holden and Sam Tobin LONDON (Reuters) -The chair of a public inquiry into the murder of seven newborn babies by British nurse Lucy Letby on Tuesday criticised the “noise” from those who had not attended her trial for casting doubt about her guilt to the distress of her victims’ families. Letby, 34, was …
Chair of UK inquiry into Lucy Letby murders criticises ‘noise’ of doubters Read More »
By Andy Bruce and Suban Abdulla LONDON (Reuters) -British pay growth cooled in the three months to July to a more than two-year low and employment shot higher, according to data on Tuesday which is likely to keep the Bank of England on track to cut interest rates again before the end of the year. …
UK pay growth cools, keeping BoE on track for another rate cut Read More »
By Sinead Cruise LONDON (Reuters) -UK fund managers Schroders and abrdn named new CEOs on Tuesday, appointing insiders to reboot performance at firms running nearly 1.3 trillion pounds ($1.7 trillion) in assets against a backdrop of skittish investor sentiment and industry-wide pressure on fees. Schroders appointed current chief financial officer Richard Oldfield to succeed Peter …
UK fund firms Schroders and abrdn name new CEOs to reboot ailing fortunes Read More »
By James Davey LONDON (Reuters) -UK grocery inflation edged lower in the four weeks to Sept. 1, data from market researcher Kantar showed on Tuesday, after rising for the first time in 18 months in last month’s report. It said annual grocery price inflation over the period was 1.7%, versus 1.8% in the previous four-week …
UK grocery inflation resumes downward trend, says Kantar Read More »
