By Sruthi Shankar and Shubham Batra (Reuters) -UK stocks hit a one-week low on Thursday after the Bank of England (BoE) kept interest rates at a 16-year high and said it would need more evidence that inflation is set to fall to its 2% target before cutting rates. The blue-chip FTSE 100 was down 0.1%, …
London stocks slip after BoE stands pat on rates Read More »
LONDON (Reuters) -London’s High Court on Thursday threw out Donald Trump’s lawsuit against a British private investigations firm over the “Steele dossier” which alleged ties between Trump’s election campaign and Russia. Trump, the frontrunner for the 2024 Republican presidential nomination, had brought a data protection lawsuit against Orbis Business Intelligence about claims in a dossier …
Donald Trump’s lawsuit over ‘Steele dossier’ thrown out by UK court Read More »
By Alistair Smout LONDON (Reuters) -Britain’s opposition Labour Party will cap corporation tax at 25% if it wins the next election and will look to cut that rate if needed, the party’s finance policy chief Rachel Reeves told business leaders on Thursday. Businesses have long complained about a lack of visibility on everything from tax …
UK’s Labour will cap corporation tax at 25% if it wins election Read More »
LONDON (Reuters) – BT, Britain’s biggest broadband and mobile operator, said it was on track to grow revenue and profit this year after reporting a better-than-expected 3% rise in third-quarter revenue and a broadly in-line 1% rise in core earnings. Chief Executive Allison Kirkby, who replaced Philip Jansen last month, said BT had delivered another …
BT says uptick in Q3 earnings puts it on track for the year Read More »
(Reuters) – The England and Wales Cricket Board (ECB) said it will increase investment, introduce a three-tiered competition and adopt a new ownership model as part of efforts to help women’s professional cricket reach its full potential. The plans will see the existing eight women’s regional teams become ‘Tier 1 clubs’, each being under the …
Cricket-ECB to set up three-tiered competition to boost women’s game Read More »
LONDON (Reuters) – Britain’s opposition Labour Party will pledge to fix Britain’s stagnating productivity at a conference for businesses on Thursday, its latest charm offensive to companies and investors ahead of a national election expected this year. Keir Starmer, leader of the left-leaning party, will tell assembled executives that Labour will “get under the bonnet …
UK opposition Labour party pledge productivity fix in latest pitch to business Read More »
By David Milliken LONDON (Reuters) – Britain’s central bank looks set to keep interest rates at their highest in nearly 16 years on Thursday, but the prospect that inflation may soon be back at the Bank of England’s 2% target will leave investors looking for hints of rate cuts to come. Sharp falls in energy …
Bank of England to keep rates on hold as investors look for rate cut hints Read More »
LONDON(Reuters) – Confidence in Britain’s construction sector rose marginally in late 2023, helped by the prospect of interest rate cuts, according to a survey published before the Bank of England is expected to hold rates at their highest level since 2008. The Royal Institution of Chartered Surveyors (RICS) said the outlook for the year ahead …
UK construction sector outlook rises on hopes of rate cuts – RICS Read More »
(Reuters) -Nine people, including two children, were injured on Wednesday in an incident involving a “corrosive substance” in Clapham, in south London, the Metropolitan Police said. “Three victims – a woman and her two young children – have been taken to hospital for treatment,” the police said in a statement, adding that three other people …
Nine injured in London incident involving ‘corrosive substance’, police say Read More »
LONDON (Reuters) -British finance minister Jeremy Hunt said on Wednesday he did not expect the government to have the same kind of capacity to cut taxes during its upcoming budget in March as it did during the last budget update in November. Hunt cut payroll taxes and made permanent a tax break for business investment …
UK might not have room for ‘very big tax cuts’ in March budget, says Hunt Read More »
