By Ron Bousso LONDON (Reuters) – British finance minister Jeremy Hunt said on Wednesday he would extend by one year a windfall levy on North Sea oil and gas firms’ profits. The Energy Profit Levy (EPL) was introduced in May 2022 after a jump in energy prices resulting from Russia’s full-scale invasion of Ukraine. Presenting …
UK’s Hunt extends energy windfall tax by one year to 2029 Read More »
By Huw Jones LONDON (Reuters) – Britain set out plans on Wednesday for trading private company shares, tax-free retail investing, and tougher requirements for pension funds in a bid to funnel more cash into UK companies and bolster the City’s global appeal for listings. Finance minister Jeremy Hunt had already unveiled his “Edinburgh Reforms” in …
Britain turns to retail investors to boost funds for UK Plc Read More »
LONDON (Reuters) – Britain will warn Israel on Wednesday that its patience is running thin over the “dreadful suffering” in Gaza, where a lack of aid is leading people to die of hunger, foreign minister David Cameron said. Cameron, who is due to meet Israeli war cabinet member Benny Gantz on Wednesday, told parliament late …
Britain to warn Israel’s Gantz over famine in Gaza Read More »
By Sruthi Shankar and Johann M Cherian (Reuters) -Britain’s blue-chip stock index ended a touch higher on Tuesday, helped by gains in defensive sectors, such as healthcare and utilities, while Spirent Communications notched its best day in over two decades following a buyout offer. The FTSE 100 closed up 0.1%, paring losses that saw the …
FTSE 100 manages marginal gain on defensive boost; Spirent soars Read More »
By Kirstin Ridley LONDON (Reuters) – Lloyd’s of London has hit a short-term target of filling 35% of leadership roles with women, although less than half of firms in the commercial insurance market had hit the mark, it said on Tuesday. Lloyd’s said it needed to make further progress to improve culture after reporting that …
Lloyd’s of London hits 35% female leadership target, says it has ‘way to go’ Read More »
By Kirstin Ridley LONDON (Reuters) -Britain’s markets regulator will investigate whether small businesses are facing unnecessary barriers to growth because they are increasingly facing bank demands for personal guarantees when they seek loans. The Financial Conduct Authority (FCA) said on Tuesday the Federation of Small Businesses (FSB), a consumer body, had reported that lenders’ growing …
UK watchdog to probe bank demands for personal guarantees from small firms Read More »
(Reuters) -Lloyd’s of London insurer Hiscox on Tuesday posted a record annual profit and launched a share buyback as higher interest rates and strength in its commercial business helped offset rising claims and the effect of currency swings. The London-listed company, which underwrites a range of risks from natural catastrophes to cyber attacks to kidnappings …
Lloyd’s of London insurer Hiscox posts record annual profit, launches new buyback Read More »
By Michael Holden LONDON (Reuters) – Britain’s King Charles will miss next week’s engagements to mark Commonwealth Day, Buckingham Palace said on Tuesday, with his wife Queen Camilla stepping in for the monarch as he continues to undergo treatment for cancer. Charles, 75, has been forced to step away from public duties after it was …
LONDON (Reuters) – News UK, the British media arm of the Murdoch family, will move its TalkTV channel online, ditching its presence on linear television just two years after a high-profile launch centred around its star presenter Piers Morgan. News UK, publisher of the Sun and the Times and owned by News Corp, told staff …
By Yadarisa Shabong (Reuters) -Inchcape shares fell more than 10% on Tuesday after the British automotive distributor warned demand in its key Americas market this year was likely to be towards historic lows. The company, which exports cars for global manufacturers across 40 countries, gave the downbeat forecast as it reported a 35% jump in …
Auto distributor Inchcape shares fall 10% on tepid outlook Read More »
