By Huw Jones LONDON (Reuters) – London Stock Exchange Group shareholders will vote on Thursday on whether to potentially double the pay of CEO David Schwimmer, after the 300-year old bourse campaigned to raise executive rewards to strengthen UK capital markets. LSEG’s annual general meeting will vote on proposals to allow Schwimmer’s total yearly remuneration …
LSEG shareholders to vote on doubling CEO’s potential pay Read More »
By Sachin Ravikumar LONDON (Reuters) -A number of military horses, including one covered in blood, ran amok on the streets of central London and injured at least four people on Wednesday. The bizarre scenes unfolded in the heart of London, near Buckingham Palace and the seat of the British government, with the runaway animals galloping …
Cavalry horses run amok in central London and injure four people Read More »
By Deep Kaushik Vakil and Shanima A (Reuters) -Ithaca Energy has agreed to buy nearly all Eni’s UK oil and gas producing assets for about 754 million pounds ($938.3 million) in stock, as it looks to become one of the biggest independent energy companies in the North Sea. The combined entity would be able to …
Ithaca Energy snaps up Eni’s UK assets in $940 million North Sea deal Read More »
By Lucy Raitano LONDON (Reuters) -London’s FTSE-100 hit a record high on Tuesday, raising hopes that Britain’s stock market might finally be shaking off years of underperformance as investors look for bargains and UK growth picks up. Months after rival indexes across the world started chalking up records, Britain’s benchmark stock index touched a new …
LONDON (Reuters) – British employers reached slightly lower pay settlements with staff in the three months to the end of March, although early figures for April suggest they picked up again, an industry survey showed on Wednesday. Median basic pay settlements in the first quarter of 2024 were 4.8% higher than a year earlier, the …
UK pay settlements edge lower in first quarter, industry survey shows Read More »
LONDON (Reuters) – Prime Minister Rishi Sunak said on Tuesday he would increase defence spending to 2.5% of GDP to reach 87 billion pounds ($108 billion) a year by 2030. WHY IT’S IMPORTANT Ukraine has repeatedly called for more Western to support to fight Russia. Domestically, Sunak has been under pressure from within his Conservative …
Britain’s increased defence spending commitment: how will it work? Read More »
By Sam Tobin LONDON (Reuters) – A soccer agent sent a threatening email to a senior director at Premier League club Chelsea FC, demanding a six-figure commission over the transfer of French defender Kurt Zouma, prosecutors told a London court on Tuesday. Saif Rubie sent an email to Marina Granovskaia, Chelsea’s director of football under …
Soccer agent ‘threatened’ Chelsea director over Zouma fee, UK court hears Read More »
By Lawrence White and Sinead Cruise LONDON (Reuters) -Britain’s plans to sell its remaining stake in NatWest would end a “sorry tale” for both the country and the lender, and boost those who feel state support has held back NatWest in recent years, its Chair Rick Haythornthwaite said on Tuesday. “I think there’s a perception …
Government exit would end ‘sorry tale’ for Britain and bank, NatWest Chair says Read More »
LONDON (Reuters) – Britain’s financial regulator confirmed on Tuesday that its new bespoke rule to combat greenwashing would come into force on May 31 to stop asset managers inflating the green credentials of their investment products. “Confirming the new anti-greenwashing guidance and our proposals to extend the Sustainability Disclosure Requirements and investment labels regime are …
Britain’s anti-greenwashing rule in finance to start on May 31 Read More »
By David Milliken LONDON (Reuters) – British businesses recorded their fastest growth in activity in nearly a year this month, according to preliminary purchasing managers’ data that points to a bigger rebound from last year’s shallow recession than economists had been expecting. However, businesses’ costs also rose at the fastest pace in nearly a year …
UK businesses expand at fastest pace in 11 months, PMI survey shows Read More »
