Reuters UK Domestic

LONDON (Reuters) -The Bank of England allotted a record amount of one-week funds in a short-term repo operation on Thursday as it seeks to offset the impact on market interest rates of running down its stock of government bonds. The BoE provided 7.587 billion pounds ($9.49 billion) of 7-day funds in its short-term repo operation, …

BoE reports record usage of short-term liquidity repo Read More »

LONDON (Reuters) – Scotland’s first minister, Humza Yousaf, said on Thursday he had decided it was in his country’s best interest to end a coalition agreement with the Green Party, a move he admitted might make governing more difficult. “Therefore after careful consideration, I believe that going forward, it is in the best interest of …

Scotland’s Yousaf says end of coalition is in country’s best interest Read More »

By Lawrence White and Sinead Cruise LONDON (Reuters) -Barclays reported a slightly smaller than expected 12% fall in first quarter profit on Thursday, boosting confidence among investors that its turnaround task was on track despite lower income from trading and sluggish mortgage demand. The British bank reported pretax profit for the January-March period of 2.3 …

Barclays Q1 profit falls 12% as trading slump hits Read More »

By James Davey LONDON (Reuters) – Sainsbury’s, Britain’s second largest supermarket group, forecast up to 10% growth in retail operating profit in its new financial year, confident that its strategy would help it outperform rivals. The group, which has a 15.3% share of Britain’s grocery market trailing only Tesco, beat company guidance for profit in …

Britain’s Sainsbury’s targets 10% profit growth Read More »

By Sam Tobin LONDON (Reuters) – A soccer agent on Wednesday denied threatening a senior director at the English Premier League club Chelsea in an email, telling a London court that trying to intimidate an ally of former owner Roman Abramovich would be a “suicide mission”. Saif Rubie is on trial over an email he …

Threatening Abramovich ally would be ‘suicide’, soccer agent tells London court Read More »

By Alistair Smout BIRMINGHAM, England (Reuters) – British Prime Minister Rishi Sunak faces heavy losses in a swathe of local votes next week, and one of the best hopes for success for his Conservatives is a prominent mayor who is loath to even mention his party or its leader in his campaign. Andy Street has …

UK Conservative mayor keeps distance from Sunak in bid to avoid local election wipeout Read More »