LONDON (Reuters) – Nationwide Building Society said it could realise as much as a 1.5 billion pound ($1.91 billion) gain on its acquisition of rival Virgin Money, announced earlier this year and expected to close in the fourth quarter. The gain reflects the gap between Virgin Money’s tangible net asset value of 4.4 billion pounds …
Britain’s Nationwide eyes near $2 billion gain on Virgin Money deal Read More »
By William Schomberg LONDON (Reuters) – The winners of Britain’s election on July 4 will have to tackle an economy that looks stuck in a rut of slow growth with high levels of debt limiting the next government’s ability to spark a significant recovery. After the blow dealt by the global financial crisis of 2007-09, …
Analysis-Struggling economy awaits winner of British election Read More »
By Elizabeth Piper, Andrew MacAskill and William James LONDON (Reuters) – British Prime Minister Rishi Sunak called a national election on Wednesday for July 4, saying Britons would be able to choose their future in a vote his Conservatives are widely expected to lose to the opposition Labour Party after 14 years in power. Ending …
‘Time to choose’: Rishi Sunak calls UK national election for July 4 Read More »
LONDON (Reuters) – British Prime Minister Rishi Sunak called a national election on Wednesday, naming July 4 as the date for a vote his governing Conservatives are widely expected to lose to the opposition Labour Party after 14 years in power. Below are key quotes from his announcement: ON HIS ROLE DURING COVID-19 PANDEMIC: “In …
LONDON (Reuters) -British Prime Minister Rishi Sunak on Wednesday called an election, naming July 4 as the date for a vote his governing Conservatives are widely expected to lose to the opposition Labour Party after 14 years in power. An election has been widely anticipated this year although October or November had been seen as …
LONDON (Reuters) – Keir Starmer, the leader of Britain’s opposition Labour Party, said on Wednesday a national election in July would give the country an opportunity to end the “chaos” of Prime Minister Rishi Sunak’s Conservative government. “No matter what else is said and done, that opportunity for change is what this election is about,” …
UK opposition Labour party leader Starmer says ‘it’s time for change’ Read More »
By Elizabeth Piper and Andrew MacAskill LONDON (Reuters) – In 2021, Keir Starmer considered resigning as leader of Britain’s opposition Labour Party after it suffered a humiliating local election defeat to the governing Conservatives. Three years later the 61-year-old former lawyer is poised to become prime minister, according to opinion polls that give him a …
Keir Starmer’s turnaround paves path to power for Britain’s Labour Read More »
By Elizabeth Piper LONDON (Reuters) – Frustrated at his inability to get a clear message across to British voters, Prime Minister Rishi Sunak called an election on Wednesday from a position of weakness. Sunak, 44, heads into the election far behind the opposition Labour Party in opinion polls and increasingly dependent on a small team …
Fighting for political life, UK PM Sunak calls election from weak position Read More »
LONDON (Reuters) -Sterling edged higher while UK stock futures fell on Wednesday after Prime Minister Rishi Sunak called a parliamentary election for July 4, which analysts said removed a degree of political uncertainty from the picture for traders. The British currency was up 0.3% on the day at $1.2744, gaining modestly from levels before Sunak …
Sterling builds on gains as British PM calls July election Read More »
LONDON (Reuters) -Former Post Office boss Paula Vennells apologised on Wednesday for the wrongful convictions of hundreds of sub-postmasters that became one of Britain’s biggest miscarriages of justice “I am very, very sorry,” she told a long-running public inquiry which has examined how shortfalls in sub-postmasters’ branch accounts were caused by a faulty IT system. …
UK’s ex-Post Office boss Paula Vennells: ‘I am very, very sorry’ Read More »
