LONDON (Reuters) – Online supermarket Ocado, discounter Lidl and upmarket food seller Marks & Spencer were Britain’s fastest growing grocers over the last quarter, industry data showed on Thursday. Market researcher NIQ said Ocado’s sales rose 12.0% in the 12 weeks to April 20 year-on-year, with Lidl’s sales up 9.5% and M&S’s up 9.3%. All …
Ocado, Lidl and M&S are UK’s fastest growing grocers, says NIQ Read More »
LONDON (Reuters) – Britain’s Co-Op Bank said on Thursday talks for its takeover by Coventry Building Society were “well advanced” and its multi-year revamp was now materially complete, after reporting first quarter financial performance in line with expectations. “[We] are now working together on the next stages. In the meantime, we remain focused on delivering …
Britain’s Co-Op Bank says merger talks “well advanced”, revamp almost complete Read More »
By William Schomberg LONDON (Reuters) -The Bank of England must decide next week whether to update its message about when it might cut interest rates for the first time in four years, a move which could yet prove risky despite a sharp drop in inflation. Britain’s labour market is still generating inflationary heat, the economy …
Bank of England readies its rates steer as investors cool on cuts Read More »
LONDON (Reuters) -Barclays does not invest its own money in companies that supply weapons used by Israel in Gaza, the British bank said on Wednesday, because it is not an investor and instead trades shares of listed companies for clients. The statement came after one of its branches in London’s financial district was targeted by …
Barclays, facing protests, says it does not invest in defence firms supplying Israel Read More »
LONDON (Reuters) -British house prices fell unexpectedly for a second month running during April, figures from mortgage lender Nationwide showed on Wednesday. House prices fell 0.4% month-on-month, after a 0.2% drop in March. A Reuters poll had pointed to a 0.2% increase. In annual terms, house price growth cooled to 0.6% from 1.6%. The figures …
UK house prices fall unexpectedly in April, Nationwide data shows Read More »
(Reuters) – London Stock Exchange Group said on Wednesday it has agreed to purchase shares worth 500 million pounds ($624 million) from a consortium of investors that sold data and analytics firm Refinitiv to the bourse operator. The purchase is in line with LSEG’s plans to buy back shares as it completes the integration of …
LSEG to buy back $624 million of shares from Refinitiv-linked investors Read More »
By Amy-Jo Crowley and Anousha Sakoui LONDON (Reuters) – British tech group Epos Now is exploring strategic options, including the sale of a minority stake in the business, four people familiar with the matter told Reuters. The Norfolk-based company, which provides retailers and hospitality businesses with payment processing tools and software, is working with advisers …
British payments group Epos Now explores possible stake sale, sources say Read More »
By Huw Jones LONDON (Reuters) – Britain set out its “roadmap” on Wednesday for authorising investment funds from the European Union to offer products in the UK, a post-Brexit milestone that reflects how most funds sold to retail investors in the country are still listed in the EU. The finance ministry and Financial Conduct Authority …
Britain rolls out post-Brexit plans for authorising EU investment funds Read More »
LONDON (Reuters) – The Scottish government survived a vote of no confidence on Wednesday, giving the Scottish National Party (SNP) a chance to pick a new leader to replace outgoing First Minister Humza Yousaf. Yousaf’s decision to step down as first minister and SNP leader on Monday has thrown the party into chaos and boosted …
Scottish government survives no confidence vote after leader’s resignation Read More »
By Yadarisa Shabong (Reuters) -Britain’s media regulator Ofcom has opened an investigation into whether adults-only website OnlyFans is doing enough to prevent children accessing pornography on its platform, Ofcom said on Wednesday. “Having reviewed submissions we received from OnlyFans in response to formal information requests, we have grounds to suspect the platform did not implement …
OnlyFans faces UK investigation into age-verification measures Read More »
