Reuters UK Domestic

LONDON (Reuters) – UK investors put a record 6.97 billion pounds ($8.82 billion) into equity funds in the first quarter, led by demand for North American equities, fund network Calastone said on Thursday. North American equity funds saw record inflows of 5.72 billion pounds over the quarter, Calastone said in a statement. “The U.S. earnings …

UK investors make record $8.8 billion quarterly equity fund investments, Calastone says Read More »

(Reuters) -British online supermarket Ocado said on Thursday Chairman Rick Haythornthwaite will step down next year due to his “increasing commitment” at banking group NatWest. “Since the announcement of my appointment as group chair of NatWest I have given extensive thought to my workload … it has become evident that pressure on my time is …

UK supermarket Ocado says Haythornthwaite to step down as chair next year Read More »

(Reuters) -Britain’s competition regulator said on Thursday it would need to open an in-depth investigation into the merger between Vodafone’s UK operation and Hutchison’s Three UK after the parties did not offer remedies to ease the regulator’s competition concerns. The $19 billion tie-up, which was announced last year, will reduce the number of networks from …

UK watchdog refers Vodafone, Three deal to in-depth probe Read More »

LONDON (Reuters) – Britain’s financial regulators on Wednesday launched a public consultation on their new “sandbox” for trading digital securities in “real world situations” to keep up with rapid advances in technology. A “sandbox” allows the testing of new services in the market with real customers, but within a controlled regulatory environment. The Bank of …

Bank of England sets out conditions for ‘digital sandbox’ Read More »

(Reuters) -Spotify Technology SA intends to raise prices on its plans by about $1 to $2 a month in five markets including the UK, Australia and Pakistan by the end of April, Bloomberg News reported on Wednesday, citing people familiar with the matter. Shares of the Swedish music streaming service, which competes with rival services …

Spotify to raise prices of plans in some markets, Bloomberg News reports Read More »

LONDON (Reuters) – British Prime Minister Rishi Sunak’s Conservative Party is set for a heavy defeat at a national election expected this year, according to a seat projection published on Wednesday which showed the opposition Labour Party winning more than 400 seats. The YouGov model, which predicts results in individual parliamentary seats based on estimated …

Conservatives set for heavy UK election defeat to opposition Labour, survey shows Read More »

By Anousha Sakoui LONDON (Reuters) – Britain’s FTSE Smallcap index could cease to exist by 2028, Peel Hunt head of research Charles Hall estimated in a note on Wednesday, if the pace of takeovers in London’s stock market continues alongside a dearth of initial public offerings. WHY IT IS IMPORTANT Policymakers are trying to draw …

Britain’s FTSE Smallcap index could disappear as deals heat up, analyst says Read More »