Reuters UK Domestic

UK regulator finds no suicidal thoughts link to diabetes, obesity drugs

4 Sep 2024

By Maggie Fick LONDON (Reuters) -Britain’s health regulator said on Wednesday that the available data does not establish a link between a popular class of diabetes and obesity drugs, including Novo Nordisk’s Wegovy, and suicidal thoughts. The Medicines and Healthcare products Regulatory Agency (MHRA) began a review of safety data for the class of drugs, …

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UK investors’ stock bets slowed in August, Calastone says

4 Sep 2024

(Refiles to remove embargo tag from headline) LONDON (Reuters) – Investors in Britain pared their bets on equities and ploughed cash into safe haven money market funds in August, data from fund network Calastone showed, after a bout of market turbulence early in the month prompted more cautious behaviour. Net inflows into stocks fell by …

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M&G combines life and wealth units in simplification push as profits fall

4 Sep 2024

By Carolyn Cohn LONDON (Reuters) -British insurer and asset manager M&G said on Wednesday it would combine its life and wealth units in a drive towards “simplification”, following a smaller than expected drop in first-half profits. M&G is halfway through a cost-cutting programme as it seeks to boost profitability, following pressure from high inflation and …

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Record UK renewables auction gives boost to offshore wind

3 Sep 2024

By Susanna Twidale LONDON (Reuters) -Britain’s offshore wind sector got a boost on Tuesday from the best-funded renewables auction yet, with Orsted and Iberdrola emerging among the winners, after a sale last year failed to secure any offshore wind projects. The Labour government’s plans to decarbonise the electricity sector by 2030 require a big increase …

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UK decision to suspend some arms for Israel frustrates both sides

3 Sep 2024

By Andrew MacAskill LONDON (Reuters) – Britain’s decision to suspend some arms sales to Israel was roundly criticised on Tuesday with some British politicians and Jewish groups accusing the Labour government of abandoning Israel, while others said the decision did not go far enough. The reaction to the government’s decision to block 30 of its …

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UK homebuilders Barratt, Vistry set to underline recovery path

3 Sep 2024

By Aby Jose Koilparambil (Reuters) – Top UK homebuilders Vistry and Barratt will likely strike a cautiously optimistic tone on demand recovery when they report earnings this week as interest rates ease and government policy reforms take shape. The homebuilders are expected to benefit from increased affordability due to declining mortgage rates and volume growth …

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UK’s Grenfell Tower fire victims say final report may still not bring justice

3 Sep 2024

By Catarina Demony and Will Russell LONDON (Reuters) – Seven years on, Shah Aghlani still remembers clearly the call in the middle of the night from his distressed aunt who was trapped with his disabled mother in a 23-storey social housing block in west London that was on fire. The two women in their late …

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UK fraud watchdog faces hefty bill after appeal rejected in ENRC case

3 Sep 2024

LONDON (Reuters) -Britain’s Serious Fraud Office (SFO) has been refused permission to appeal against a ruling that it only opened a corruption probe into Kazakh mining group ENRC because of its own wrongdoing, leaving the watchdog facing a hefty damages bill. London’s High Court ruled in December that ENRC was entitled to millions of pounds …

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Cricket-England test head coach McCullum to take charge across all formats

3 Sep 2024

(Reuters) -England test head coach Brendon McCullum will also take charge of their white-ball teams from January next year, the England and Wales Cricket Board (ECB) announced on Tuesday. The 42-year-old former New Zealand captain will replace Matthew Mott, who stepped down following England’s T20 World Cup semi-final exit against eventual champions India in June. …

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