By Huw Jones LONDON (Reuters) – Pushing through new rules to contain risks from the vast “shadow banking” sector is “hard going”, leaving limited room for Britain to make changes, Bank of England Deputy Governor Sam Woods said on Wednesday. Since the global financial crisis, the non-banking sector, or shadow bank sector, made up of …
Regulating ‘shadow banks’ is hard going, says Bank of England Read More »
By Sruthi Shankar (Reuters) -Britain’s blue-chip stock index fell on Wednesday amid investor worries about supermarket group Sainsbury’s big spending plans, while homebuilder Barratt slid after it agreed to buy smaller rival Redrow. In contrast to Wall Street, where a string of positive earnings lifted the S&P 500 to a record high, European stock markets …
LONDON (Reuters) – British supermarket Sainsbury’s believes that having improved its financial performance over the last three years, now is the right time to step-up investment, its boss said on Wednesday. Speaking to reporters after Sainsbury’s published a strategy update, CEO Simon Roberts highlighted the group’s next to no debt and strong free cash flow …
Time is right to step up investment, Sainsbury’s CEO says Read More »
By Sam Tobin LONDON (Reuters) – The family of a Palestinian teenager who is trapped in Gaza called on the British government on Wednesday to allow him to enter the UK, after ministers dropped their opposition to his urgent legal challenge at the eleventh hour. The 18-year-old, referred to only as BSO for legal reasons, …
Family of teen trapped in Gaza ask UK to help them reunite Read More »
By James Davey LONDON (Reuters) -British supermarket group Sainsbury’s set a new cost savings target on Wednesday of 1 billion pounds ($1.3 billion) over three years and promised to boost returns for shareholders. In a strategy update, the group – which has a 15.7% share of Britain’s 229 billion pound ($289 billion) food market, trailing …
UK’s Sainsbury’s targets more cost savings, better returns for investors Read More »
(Reuters) -Britain’s biggest homebuilder Barratt will buy Redrow in an all-stock deal valuing its smaller rival at about 2.52 billion pounds ($3.18 billion), they said on Wednesday, aiming to capitalise on the fledgling recovery in the market. This is the second consolidation in the sector in as many years after affordable-housing-focused builder Vistry bought rival …
UK homebuilder Barratt to buy rival Redrow in 2.52 billion pound deal Read More »
LONDON (Reuters) – British house prices rose 2.5% in the year to January, the strongest annual growth rate for a year, according to data from mortgage lender Halifax on Wednesday which added to tentative signs of momentum in the housing market. In month-on-month terms, house prices rose 1.3%, which marked the fourth consecutive increase and …
UK house prices gain momentum in early 2024: Halifax Read More »
By Elizabeth Howcroft LONDON (Reuters) – British investors put more money into equity funds than any month since April 2021, although most of it went to U.S. equity funds as they continued to pull cash from local stocks, data from fund network Calastone showed on Wednesday. UK flows into equity funds rose for three months …
British investors dump local stocks to buy American – Calastone Read More »
By Emma Rumney LONDON (Reuters) – Diageo’s attempt to reassure investors about its strategy in Latin America has boosted confidence among some that the world’s top spirits maker can revive its performance after a profit warning, but doubts remain for others. Investors watched closely as the maker of Tanqueray gin and Johnnie Walker whisky reported …
Analysis-Diageo turnaround plan soothes investors but some doubts remain Read More »
(Reuters) – A record 46.7 million viewers in Britain tuned in to watch women’s sport on TV in 2023, eclipsing 2019’s mark by almost a million, according to research published by the Women’s Sport Trust on Tuesday. The FIFA Women’s World Cup final, which England lost 1-0 to Spain at Stadium Australia, was 2023’s most-watched …
Sport-Women’s sport draws record viewership in 2023 – UK research Read More »
