By Amanda Cooper LONDON (Reuters) – The pound was one of the standout performers against the dollar on Wednesday, after a survey showed business activity in the UK is outpacing that of major European economies, thereby adding to the case for British rates to stay higher for longer. The preliminary S&P Global/CIPS UK Composite PMI, …
Sterling sparkles as UK business activity overtakes euro zone Read More »
LONDON (Reuters) – Britain’s aviation regulator is studying designs for flying taxi airports, it said on Wednesday, as the arrival of a new mode of transport edges closer. Electric vertical takeoff and landing aircraft (eVTOL), also known as flying taxis or air taxis, have been touted as the future of urban air mobility. The low-altitude …
UK regulator looking at designs for flying taxi airports Read More »
LONDON (Reuters) – British manufacturers were hit with a fresh drop in orders and have scaled back their investment plans, a survey showed on Wednesday, shortly after separate data also laid bare the problems facing the country’s factories. The Confederation of British Industry’s quarterly order book balance dropped to -13 in the three months to …
UK factories suffer new hit to orders, cut investment plans – CBI Read More »
LONDON (Reuters) -Britain’s Royal Mail could cut deliveries to five or three days a week, or slow the speed of delivery to three days or longer, under options to ensure the service survives in the future, the postal regulator said on Wednesday. Letter volumes have halved since 2011, regulator Ofcom said, increasing the risk that …
UK mail deliveries could be cut to three days a week, regulator says Read More »
(Reuters) – British pub group J D Wetherspoon reported on Wednesday higher sales in the last 25 weeks, lifted by strong demand for its drinks and food during the festive season. The group, which owns and operates pubs across the UK and Ireland, reported a 10.1% growth in like-for-like sales for the 25-week period ended …
British pub group J D Wetherspoon’s sales rise on festive cheer Read More »
(Reuters) – England under-20 international Charlie Hughes gave new meaning to the phrase ‘late winner’ when he scored after 20 minutes of second-half stoppage time to earn Wigan Athletic a 1-0 win over Wycombe Wanderers in England’s third tier on Tuesday. The unusually long period of stoppage time at the end of the League One …
Soccer-Wigan’s Hughes nets late, late winner to make EFL history Read More »
LONDON (Reuters) -Britain said in a joint statement on Tuesday that 24 countries, including the United States, Germany and Australia, conducted additional strikes on Monday against eight targets in Houthi-controlled areas of Yemen. “In response to continued illegal and reckless Houthi attacks against vessels transiting the Red Sea and surrounding waterways, the armed forces of …
UK issues statement from 24 nations on strikes on Yemen’s Houthis Read More »
LONDON (Reuters) – Pay awards from British employers held at their highest sustained level in over 30 years in the last three months of 2023 but deals struck in early 2024 suggest pay growth has peaked, human resources information provider XpertHR said. The median pay settlement across the economy stood at 6% in the October-to-December …
UK pay awards hold at 6% in late 2023, dip in early 2024: XpertHR Read More »
By Huw Jones LONDON (Reuters) – London remains the world’s top financial centre as New York slips into second place, after tying with the UK capital last year, the City of London Corporation’s own survey showed on Wednesday. Bottlenecks in business activity caused by Brexit, which largely cut the City off from the European Union, …
City of London remains top global financial centre in own survey Read More »
By Farouq Suleiman and Elizabeth Piper LONDON (Reuters) -Senior British Conservative lawmaker Simon Clarke called on Tuesday for a change of prime minister, saying Rishi Sunak was leading the governing party into an election later this year “where we will be massacred”. Since Sunak pushed through his Rwanda immigration plan last week, ignoring the demands …
Senior UK Conservative tells party ditch Sunak or face ‘annihilation’ Read More »
