LONDON (Reuters) – The boss of Tesco, Britain’s largest supermarket group, saw his pay package more than double to almost 10 million pounds ($12.6 million) in its 2023/24 financial year, a period when millions of its customers battled a cost of living crisis. Tesco’s annual report, published on Tuesday, showed chief executive Ken Murphy was …
Tesco’s 10 million pound man – CEO’s annual pay package doubles Read More »
LONDON (Reuters) – Two men appeared in a British court on Tuesday, charged with planning to attack and kill members of the Jewish community and others with automatic weapons in northwest England. Walid Saadaoui, 36, and Amar Hussein, 50, were charged with the preparation of terrorist acts, Greater Manchester police said. A third man, Walid …
Two men in UK court accused of machine gun plot to kill Jewish people Read More »
By Kirstin Ridley LONDON (Reuters) – Britain’s Finance Ministry on Tuesday rejected a call to ban non-disclosure agreements (NDAs), which can be used to silence victims of sexual harassment and abuse, arguing that such clauses do not stop staff reporting concerns to authorities. A report on sexism in London’s financial sector by the cross-party Treasury …
Britain rejects call to ban gagging orders in finance Read More »
By Andrew MacAskill LONDON (Reuters) – Britain should avoid further restricting international student numbers or some universities may collapse, a government commissioned report said on Tuesday, after foreign registrations plummeted for next year. High levels of legal migration have long dominated Britain’s political discourse and were one of the major drivers for the Brexit referendum …
UK universities at risk as international student numbers plunge, report says Read More »
(Corrects typographical error in headline) LONDON (Reuters) – British Prime Minister Rishi Sunak will set out his plans on Tuesday to improve food security and to cut reliance on imports from other countries. The government will also publish a new annual UK Food Security Index to track the impacts of external factors, such as the …
Rishi Sunak lays out UK food security plan to withstand climate and war Read More »
LONDON (Reuters) – The Bank of England might be able to consider cutting interest rates over the summer although Britain’s labour market remains tight by historical standards, the central bank’s chief economist Huw Pill said on Tuesday. “I think it’s not unreasonable to believe that through the summer we will begin to see enough confidence …
BoE might consider rate cut during the summer, chief economist says Read More »
By Suban Abdulla LONDON (Reuters) -British wages grew by more than expected, according to data published on Tuesday, but other figures suggested the labour market is losing some of its inflationary heat, keeping the Bank of England on alert about when to cut interest rates. Regular wages, excluding bonuses, grew by 6.0% in the first …
UK pay grows by more than expected as BoE mulls rate cuts Read More »
(Reuters) – UK’s competition watchdog said on Tuesday it might accept Pennon Group’s solutions to address its concerns over the water utility’s purchase of Sutton and East Surrey (SES) Water, paving way for it to potentially clear the deal. Pennon, which owns South West Water, Bristol Water and Bournemouth Water in the south and west …
(Reuters) – British bank Virgin Money UK warned of a tepid second-half of the year on Tuesday, citing higher costs and lower profit margins due to growing investments, inflationary pressures and stiff competition for deposits. The lender, which agreed to a 2.9 billion pound ($3.64 billion) all-cash takeover deal from 140-year-old mutually-owned building society Nationwide …
Virgin Money flags tepid second-half on higher costs, margin hit Read More »
LONDON (Reuters) – British Prime Minister Rishi Sunak called on voters on Monday to trust him to keep them safe in an increasingly dangerous world, listing his achievements in an unashamedly political campaign speech ahead of a national election due at some point this year. With his governing Conservatives trailing the opposition Labour Party in …
‘Trust me’, UK’s Sunak appeals to voters before national election Read More »
