By Jonathan Cable LONDON (Reuters) – British home prices will make solid gains in the next two years, outpacing overall inflation, but affordability for first-time buyers is likely to improve based on expectations for lower borrowing costs, a Reuters poll of housing market experts forecast. Those saving for a cash deposit and wanting to get …
LONDON (Reuters) – The pound eased on Tuesday, edging lower against both the dollar and the euro, as investors booked some profit on sterling’s largest monthly rally in 10 months ahead of a key read of the U.S. jobs market later this week. Data on Tuesday showed summery weather in August helped boost UK consumer …
By Michael Holden and William James LONDON (Reuters) -Britain will immediately suspend 30 of its 350 arms export licences with Israel because there was a risk such equipment might be used to commit serious violations of international humanitarian law, foreign minister David Lammy said on Monday. Lammy said the decision to suspend the licences did …
UK suspends 30 of its 350 arms export licences to Israel Read More »
(Reuters) – British consumer spending increased modestly in annual terms during August, fuelled by spending on food and drink during summery weather, according to surveys on Tuesday that added to signs of steady economic growth in the second half of 2024. Barclays said consumer spending on its credit and debit cards rose by 1.0% year-on-year …
Summery weather helps boost UK consumer spending, surveys show Read More »
NEW YORK (Reuters) – Jack Draper said he was thrilled to become the first British man to reach the U.S. Open quarter-finals since his friend and mentor Andy Murray in 2016 after beating Tomas Machac in straight sets on Monday. The red-hot Draper has yet to drop a set or a service game at the …
Tennis-Draper carries British hopes into U.S. Open quarters Read More »
By Khushi Singh (Reuters) -UK’s main stock index ended lower on Monday, weakened by a sell-off in aerospace-defence and personal-goods shares, while real estate shares surged on a bid for property portal Rightmove, capping losses. The blue-chip FTSE 100 index fell by 0.2%, after hitting a three-month high Friday and logging its third straight weekly …
FTSE 100 drops amid aerospace and personal goods sell-off Read More »
WARSAW (Reuters) – A former top Polish official who worked closely with ex-prime minister Mateusz Morawiecki was detained in London on Monday, a spokesperson for the Polish prosecution said, adding that prosecutors were seeking his swift extradition to Poland. The man, identified by prosecutors as Michal K., faces accusations in Poland of taking part in …
Former Polish PM’s close associate detained in London Read More »
LONDON (Reuters) – Britain’s government has said it will investigate how prices for concert tickets sold on official websites are hiked when demand surges, after fans seeking their spot at next year’s Oasis reunion shows faced soaring costs over the weekend. Culture minister Lisa Nandy said it was “depressing to see vastly inflated prices” on …
UK government to probe dynamic pricing after Oasis tickets surge Read More »
By Selena Li HONG KONG (Reuters) – HSBC’s new chief executive Georges Elhedery, who took the helm at the Europe’s largest lender on Monday, said he was committed to build on the bank’s current strategy, according to an internal staff memo. Elhedery, who joined HSBC in 2005, takes over the reins at the bank from …
HSBC new CEO Elhedery ‘committed’ to build on current strategy Read More »
(Reuters) – Sterling dropped against the euro but was still within striking distance of a one-month high, while rising versus a weakening dollar. The greenback eased but remained close to its highest level in almost two weeks as investors focused on a U.S. jobs report due at the end of this week. British factories had …
Sterling drops versus euro, focus on rate outlook Read More »
