LONDON (Reuters) -British Prime Minister Keir Starmer on Tuesday said he would fulfil a campaign commitment to increase UK defence spending to 2.5% of GDP, but underlined he would only do so when the country could afford it and after a review of defence strategy. “I am committed to that 2.5% within our fiscal rules, …
UK’s Starmer commits to increasing defence spending to 2.5% of GDP Read More »
LONDON (Reuters) -Tulip Siddiq has been appointed Britain’s’ City Minister, the minister responsible for overseeing the financial services sector, the government said in a statement on Tuesday. The appointment comes after Labour won a thumping election victory last week, propelling Keir Starmer to power as prime minister. Siddiq, 41, has led Labour’s efforts to develop …
UK lawmaker Tulip Siddiq appointed as City Minister Read More »
By Purvi Agarwal and Pranav Kashyap (Reuters) -London’s FTSE 100 suffered its steepest fall in nearly a month on Tuesday as banking stocks and energy titan BP pulled down the index, while investors seemed unfazed by Federal Reserve Chair Jerome Powell’s testimony before the U.S. Congress. The blue-chip FTSE 100 lost 0.7%, logging its third …
London stocks fall as financials and energy stocks drag Read More »
By Sam Tobin LONDON (Reuters) – Russian oligarch-backed investment firm LetterOne on Tuesday asked a London court to rule it was unlawfully ordered to sell a broadband provider, in the first challenge under Britain’s recent national security law to reach London’s High Court. LetterOne, whose owners include sanctioned oligarchs Mikhail Fridman and Petr Aven, was …
LetterOne brings first UK national security appeal over forced broadband sale Read More »
By Virginia Furness and William Schomberg LONDON (Reuters) – Britain’s new government took a first step on Tuesday to boost public and private investment and modernise the economy, placing a National Wealth Fund atop the existing state-owned agencies and freeing up money for immediate use. Prime Minister Keir Starmer and his finance minister Rachel Reeves …
New UK government puts wealth fund at heart of investment push Read More »
By Sam Tobin LONDON (Reuters) -A British charity which opposed the plan to send asylum seekers to Rwanda called on Britain’s new government to formally withdraw the policy, as its legal challenge continues despite new Prime Minister Keir Starmer’s pledge to scrap the idea. Starmer said on Saturday that the Rwanda plan, first announced by …
Charity calls on UK to formally confirm end of Rwanda deportation policy Read More »
By Aby Jose Koilparambil (Reuters) -British housebuilder Vistry expects half-year profit to increase by about 7%, buoyed by resilient demand for its affordable homes from housing associations and the rental segment, it said on Tuesday. Though delays to interest rate cuts have tempered hopes of a speedy recovery for the British housing market, the sector …
UK homebuilder Vistry expects 7% jump in half-year profit Read More »
LONDON (Reuters) – Vacuum cleaner manufacturer Dyson will cut about 1,000 jobs in Britain, more than a quarter of its workforce in the country, as part of a global restructuring. The company, founded by James Dyson, the inventor of the bagless cleaner, employs 3,500 people in Britain, including at its R&D centre in Malmesbury, west …
LONDON (Reuters) – From a diva commanding the stage to a punk-rock loving hooligan, a new generation of clowns took to the stage on Monday night at the start of a London festival celebrating contemporary clowning. Running until July 26, the London Clown Festival showcases clowning and physical performance from Britain and other countries. “(When) …
London festival showcases the variety of contemporary clowning Read More »
By Shrivathsa Sridhar LONDON (Reuters) – The Wimbledon mixed doubles final originally scheduled for Thursday will be played three days later, organisers said on Tuesday, as they revised the schedule due to steady rain that has caused a backlog on the All England Club outside courts. Although the action has continued under the roofs on …
Tennis-Wet weather prompts Wimbledon to move mixed doubles final to Sunday Read More »
