LONDON (Reuters) – Lloyds Banking Group is set to make an extra 300 million pounds ($380 million) a year in revenue by 2026 from its business banking unit, CEO Charlie Nunn said on Thursday, as corporate confidence picks up in Britain despite challenges. The British bank’s Business and Commercial Banking (BCB) unit, which serves firms …
Lloyds CEO expects $380 million UK business banking revenue boost Read More »
By Purvi Agarwal and Pranav Kashyap (Reuters) -London’s FTSE 100 fell for the third consecutive day on Thursday as GSK dropped after the U.S. public health agency narrowed the scope of the drugmaker’s RSV vaccine, while investors awaited key U.S. and domestic economic data. The benchmark FTSE 100 was down 0.6% to 8,179.68 points. The …
London’s FTSE 100 slips as investors eye US, UK economic data Read More »
LONDON (Reuters) – One person has died in Britain linked to an ongoing E. coli outbreak, the UK Health Security Agency said on Thursday, with the total number of confirmed cases rising to 275. UKHSA said it had identified two individuals in England, both of whom had underlying medical conditions, who died last month within …
LONDON (Reuters) – Average starting pay for British jobs rose in May at the fastest pace in four months despite a 20% annual fall in the number of jobs on offer, figures from hiring platform Indeed showed, adding to the mixed picture on the inflation outlook. The 6.5% rise in advertised starting pay compared with …
Starting pay for UK jobs up 6.5% on year in May, job ads show Read More »
By James Davey LONDON (Reuters) – Sales growth at British supermarkets slowed in June, reflecting wet weather, strength in sales last year and lower food inflation, industry data showed on Thursday. Market researcher NIQ said sales at UK supermarkets rose 1.1% in the four weeks to June 15 year-on-year, versus growth of 3.3% in its …
UK grocery sales growth slows in June as wet weather weighs, says NIQ Read More »
(Reuters) -UK-based human rights group Stop Uyghur Genocide has launched a legal campaign to block Shein’s potential London listing over concerns about its labour practices, a law firm representing the campaign group said on Wednesday. Human rights law firm Leigh Day has written to the UK’s Financial Conduct Authority (FCA) to urge the regulator to …
UK human rights group launches campaign to stop Shein’s potential London IPO Read More »
(Reuters) – British outsourcing company Serco Group raised its annual profit forecast on Thursday, helped by international immigration services contracts and acquisitions, but remained wary of elections in its markets impacting performance. The London-listed company has benefited from acquiring immigration service firms, even as weakness in medicare services persists. Serco, one of the suppliers which …
UK outsourcer Serco raises annual profit forecast Read More »
By Ron Bousso LONDON (Reuters) – BP’s new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its energy transition strategy, sources at the company said. The moves, which have not previously been reported, are part …
BP halts hiring, slows renewables roll-out to win over investors Read More »
GLASTONBURY, England (Reuters) – Thousands of people began pouring into Worthy Farm in southwest England as the Glastonbury music festival kicked off on Wednesday, with hundreds of artists including Dua Lipa, Coldplay and Shania Twain set to enthral fans. The festival, which sells out of tickets within minutes even before its line-up is revealed, will …
Glastonbury festival kicks off as thousands of fans stream in Read More »
(Reuters) – Britain’s car output fell by 11.9% year-on-year in May, falling for a third straight month, as manufacturers wound down existing models and more plants transitioned to electric vehicle (EV) production, industry data showed on Thursday. A total of 69,652 cars rolled off production lines in May, compared with 79,046 in the same period …
UK car output falls nearly 12% in May on EV transition, says industry body Read More »
