By Sarah Young LONDON (Reuters) -Thames Water, Britain’s biggest water supplier, said the coming months would be crucial in raising the new equity it needs to secure its future before it runs out of cash by next May. The heavily indebted company, which supplies about a quarter of the British population, has been under the …
UK’s struggling Thames Water says autumn funding talks key to survival Read More »
By Muvija M LONDON (Reuters) – British opposition leader Rishi Sunak set out his shadow cabinet on Monday, with some senior ministers reprising the roles they held in government prior to last week’s parliamentary election, while former Foreign Secretary David Cameron resigned. Andrew Mitchell will handle the foreign policy brief in the interim shadow cabinet, …
UK’s Sunak appoints ‘shadow’ cabinet after historic election loss Read More »
BLANKENHAIN, Germany (Reuters) – Gareth Southgate is exactly what England need as a leader and he has instilled a sense of togetherness in a team who have grown stronger during Euro 2024 and have never been more motivated, defender Luke Shaw said on Monday. Southgate is an outstanding man-manager who has the admiration of the …
Soccer-England players love Southgate, Shaw says Read More »
(Reuters) – British lender Metro Bank said on Monday it was in talks about a potential disposal of residential mortgage loans worth billions of pounds. The size of the portfolio, which is yet to be finalised, could be closer to 4 billion pounds ($5.13 billion) than 3 billion pounds, Sky News said, which first reported …
Metro Bank says it is in talks on potential mortgage portfolio sale Read More »
By Kirstin Ridley LONDON (Reuters) – A former senior Barclays banker, who was acquitted of fraud charges in 2020, challenged Britain’s Financial Conduct Authority (FCA) in a London tribunal on Monday over the FCA’s refusal to authorise him for senior financial positions. A lawyer for Tom Kalaris, a former CEO of Barclays’ wealth arm and …
Ex Barclays banker challenges watchdog in “fit and proper” dispute Read More »
By Mitch Phillips DORTMUND, Germany (Reuters) – Just like the five shots confidently dispatched to beat Switzerland on Saturday, England’s conversion from one of the worst-performing countries in penalty shootouts to the current, confident unit, has nothing to do with luck. England’s penalty problems are well documented and when Gareth Southgate took over as manager …
Soccer-How England changed their penalty mentality Read More »
By Amanda Ferguson BELFAST (Reuters) – Britain’s new Prime Minister Keir Starmer promised on Monday to secure an improved agreement with the European Union on post-Brexit trading rules and revamp the “botched deal” signed by former premier Boris Johnson. Speaking in Belfast after talks with the leaders of Northern Ireland, where post-Brexit trade rules have …
UK can improve ‘botched’ Brexit deal, says Starmer Read More »
LONDON (Reuters) – New finance minister Rachel Reeves announced plans to drive investment into Britain by speeding up the country’s planning system, with the aim of building more houses, unblocking infrastructure projects and developing onshore wind farms. “We are going to get Britain building again,” she said on Monday in her first speech in the …
Factbox-What is Rachel Reeves’ plan to ‘get Britain building again’? Read More »
By Naomi Rovnick LONDON (Reuters) -Big investors are warming to Britain after a landslide election win for its new Labour government but remain wary of placing long term bets until Prime Minister Keir Starmer can convince them his economic growth plans are credible. Sterling, the strongest major currency against the dollar this year, nudged higher …
Investors put UK election winner Labour on credibility watch Read More »
LONDON (Reuters) – Fewer British firms plan to raise their prices in the coming months, according to a survey that will give reassurance to the Bank of England as it considers the possibility of cutting interest rates as soon as next month. In a latest sign of the improving economic picture inherited by new Prime …
Fewer UK companies plan to increase prices, survey shows Read More »
