Reuters UK Domestic

UK housebuilder Bellway sees lower home loan rates easing affordability woes

9 Feb 2024

(Reuters) -British homebuilder Bellway Plc said on Friday that affordability concerns eased and booking rates improved in the first half of its fiscal year, buoyed by recent cuts in home-loan rates. The British housing market has seen signs of stability in recent weeks helped by easing mortgage rates, after battling subdued demand for most of …

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Howden has $1.4 billion for growth, could tap new investor for extra firepower

9 Feb 2024

By Pablo Mayo Cerqueiro LONDON (Reuters) – Howden, one of the world’s largest privately owned insurance brokers, has 1.1 billion pounds ($1.4 billion) for growth, including acquisitions, and has had interest from potential new shareholders to back a large deal if needed, its management told Reuters. The British group this week reported a 30% jump …

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Exclusive-BoE’s Haskel wants more evidence that inflation risks are waning

9 Feb 2024

By William Schomberg and David Milliken LONDON (Reuters) – Bank of England policymaker Jonathan Haskel, who voted to raise interest rates last week, said he is encouraged by signs that Britain’s inflation pressures might be on the wane but he would need more evidence of a cool-down before changing his stance. Haskel was one of …

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King Charles doing ‘extremely well’, says Queen Camilla

9 Feb 2024

LONDON (Reuters) – Britain’s King Charles is doing “extremely well”, his wife Queen Camilla said on Thursday, in her first public engagement since the 75-year-old monarch was diagnosed with cancer. Speaking to a well-wisher at a charity concert at Salisbury Cathedral in southern England, Camilla said Charles was touched by the messages of support from …

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Britain’s financial regulators need ‘ambitious mindset’, says industry leader

8 Feb 2024

By Huw Jones LONDON (Reuters) – British regulators need an “ambitious growth mindset” to implement post-Brexit financial sector reforms faster and stop business going elsewhere, an industry body said on Thursday. Britain’s “Edinburgh Reforms” – proposed by finance minister Jeremy Hunt over a year ago – aim to help London to remain a globally competitive …

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UK’s Labour ditches flagship 28 billion stg green investment pledge

8 Feb 2024

By Alistair Smout LONDON (Reuters) -Britain’s opposition Labour Party said it would scrap a target to eventually spend 28 billion pounds ($35.3 billion) a year on green industries if it takes power, one of the biggest U-turns yet under party leader Keir Starmer. Labour, which according to opinion polls is on course to win an …

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Competition watchdog begins Aviva, AIG Life probe

8 Feb 2024

LONDON (Reuters) – Britain’s antitrust watchdog has launched an investigation into Aviva’s acquisition of AIG’s life insurance business, it said on Thursday, amid concerns the deal could result in “a substantial lessening of competition”. The Competition and Markets Authority (CMA) has invited comments from interested parties until February 22 and is expected to complete the …

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UK competition watchdog clears Arcelik’s European deal with Whirlpool

8 Feb 2024

(Reuters) – Britain’s antitrust regulator provisionally cleared Turkish domestic appliances maker Arcelik’s proposed purchase of Whirlpool’s appliances business in Europe on Thursday. The Competition and Markets Authority (CMA) said the deal was unlikely to reduce competition in the market for domesticappliances including washing machines, dishwashers and cooking appliances. The deal, which would see Whirlpool and …

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BoE’s Mann fears Red Sea hostilities could boost UK inflation

8 Feb 2024

By Andy Bruce and Suban Abdulla LONDON (Reuters) -Bank of England rate-setter Catherine Mann said on Thursday that supply chain disruption from hostilities in the Red Sea could quickly feed into companies’ pricing decisions, exacerbating Britain’s inflation problem. Mann said her decision last week to vote to raise interest rates to 5.5% from 5.25% was …

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Unilever launches $1.6 billion buyback as CEO demands improvements

8 Feb 2024

By Richa Naidu LONDON (Reuters) – Unilever launched a 1.5 billion euro ($1.6 billion) share buyback on Thursday after volumes increased for the first time in 10 quarters, although the consumer goods giant’s CEO said its performance needs to improve. “Our competitiveness remains disappointing and overall performance needs to improve,” Hein Schumacher said in a …

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