Reuters UK Domestic

UK sets out new trade measures to restore Northern Ireland government

By Elizabeth Piper and Sarah Young LONDON (Reuters) -Britain unveiled a package of post-Brexit trading measures on Wednesday to strengthen Northern Ireland’s place in the United Kingdom, a move welcomed by local politicians who are now expected to restore a power-sharing government. After almost two years of a power vacuum in Northern Ireland, the regional …

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Irish PM sees no ‘red flags’ in UK’s Northern Ireland trade proposals

DUBLIN (Reuters) – Ireland plans to study the details of proposed changes to post-Brexit trading rules for Northern Ireland published by the British government on Wednesday, but it has not seen any “red flags” so far, Prime Minister Leo Varadkar said. “There are certainly going to be some questions that we will want to ask,” …

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UK watchdog to demand better access to cash as bank branches close

By Huw Jones LONDON (Reuters) – Britain’s financial watchdog said on Wednesday it would have powers later this year to order banks to rethink branch closures, as lawmakers accused it of being too slow to protect customer access to cash. According to consumer body Which?, some 5,828 branches have closed since 2015 at the rate …

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Energy shares drag FTSE 100 lower; Fed decision in focus

By Sruthi Shankar and Shubham Batra (Reuters) -The UK’s blue-chip index fell on Wednesday, hurt by losses in energy shares and Vodafone, while investors awaited comments from Federal Reserve Chair Jerome Powell after the U.S. central bank’s policy decision later in the day. The blue-chip FTSE 100 slipped 0.5%, with heavyweights Shell and BP weighing …

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Factbox-What are the trade measures in the deal to restore Northern Ireland’s government?

LONDON (Reuters) – Britain set out its plans to ease the flow of goods to and from Northern Ireland on Wednesday, a key demand of the Democratic Unionist Party in exchange for rejoining the region’s power-sharing government. Northern Ireland has been without a devolved government for almost two years after the DUP walked out in …

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‘Not satisfied’ – new Morrisons boss says performance not good enough

By James Davey LONDON (Reuters) – The new boss of Morrisons said on Wednesday the British supermarket group’s performance since the pandemic had not been good enough, and he will provide an update on strategy in March. Ex-Carrefour France boss Rami Baitiéh became Morrisons CEO in November, succeeding industry veteran David Potts. “There are so …

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British regulator awards North Sea oil and gas licences

By Ron Bousso LONDON (Reuters) – Britain’s oil and gas regulator on Wednesday awarded 24 new hydrocarbon exploration licences to 17 companies as part of efforts to extend production in the ageing basin. The licences are part of the second tranche of the North Sea Transition Authority’s (NSTA) 33rd oil and gas licensing round. Successful bidders …

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‘Not satisfied’, new Morrisons boss says performance not good enough

By James Davey LONDON (Reuters) – The new boss of Morrisons said on Wednesday the British supermarket group’s performance since the pandemic had not been good enough, and he will provide an update on strategy in March. Ex-Carrefour France boss Rami Baitiéh became Morrisons CEO in November, succeeding industry veteran David Potts. “There are so …

‘Not satisfied’, new Morrisons boss says performance not good enough Read More »

Explainer-What would UK Labour’s finance sector plan mean for London’s City?

By Huw Jones LONDON (Reuters) – Britain’s opposition Labour Party, tipped in the polls to win an election expected this year, set out its blueprint on Tuesday to “unashamedly champion” a financial sector worried about its global competitiveness following Brexit as top rival New York lures UK companies to list on its markets. WHAT IS …

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