Reuters UK Domestic

By Echha Jain (Reuters) -British pub group Mitchells & Butlers on Wednesday forecast its annual results would be at the top end of consensus expectations on easing costs and a pick up in sales, sending its shares up about 6%. Resilient demand has helped British pub groups during an uncertain economic environment even as high …

Pub Group Mitchells & Butlers sees annual results at top end of forecast, shares jump Read More »

By Andy Bruce and Suban Abdulla LONDON (Reuters) -Inflation in Britain fell by less than expected in April and a key core measure barely dropped, prompting investors to pull bets on a rate cut next month which could have boosted embattled Prime Minister Rishi Sunak before an election this year. Consumer prices rose by an …

UK inflation falls less than expected, dashing June rate cut hopes Read More »

By James Davey LONDON (Reuters) -British retailer Marks & Spencer reported a 58% rise in annual profit, ahead of market expectations, as its strategy to re-shape the business delivered strong sales growth in both its food and clothing divisions. Shares in the 140-year old group, one of the biggest names in British business, were up …

M&S annual profit soars 58% as turnaround strategy delivers Read More »

LONDON (Reuters) – Britain said on Wednesday it wanted to build a new large-scale nuclear power station in north Wales, naming a site on the island of Anglesey as its preferred location and launching talks with international energy companies about building the plant. As part of efforts to meet climate targets and boost energy security, …

Britain selects site in Wales for new nuclear power plant Read More »

By Andy Bruce (Reuters) – British employers handed out pay deals worth almost 5% in the three months to April, the busiest month for annual settlements, according to a survey that adds to signs that pay growth – a major driver of inflation pressure – may be slow to dissipate. Median basic pay settlements in …

UK pay deals average almost 5% in crucial April period: Brightmine Read More »

By Amanda Cooper LONDON (Reuters) – The pound jumped on Wednesday after data showed UK inflation neared the Bank of England’s target in April, but did not slow as much as expected, leaving the chances of a June rate cut unchanged at around 50%. British consumer prices rose by 2.3% in annual terms in April, …

Sterling jumps as UK inflation slows less than forecast Read More »

By Paul Sandle LONDON (Reuters) -Britain said on Tuesday some victims of a contaminated blood scandal would receive interim payments of 210,000 pounds ($267,000) each before a scheme to pay “comprehensive compensation” is up and running, ideally by the end of the year. More than 30,000 people contracted hepatitis and HIV from infected blood and …

UK fast-tracks payments for blood scandal victims before full compensation Read More »

LONDON (Reuters) – British police are investigating the unexplained death of a man charged earlier this month with assisting Hong Kong’s foreign intelligence service. Police said in a statement they were investigating an unexplained death having received a call from a member of the public on Sunday. The man pronounced dead at the scene in …

UK police investigating unexplained death of man charged with spying for China Read More »

By Ron Bousso and Deep Kaushik Vakil LONDON (Reuters) – Shell shareholders on Tuesday overwhelmingly rejected a climate resolution filed by an activist group following a meeting punctuated by protests. In March, Shell weakened a 2030 carbon reduction target, citing expectations for strong gas demand and uncertainty in the energy transition, while focusing on more …

Shell shareholders reject investor climate resolution Read More »