Reuters UK Domestic

LONDON (Reuters) – Sales of general merchandise, such as Halloween items, toys and clothing, fell 4.9% on the year at major UK supermarkets in the four weeks to Nov. 4, as shoppers preserved their spending power ahead of the festive season, industry data showed on Tuesday. Market researcher NIQ said total supermarket sales rose 8.7% …

UK supermarkets’ sales of general merchandise dip ahead of festive season -NIQ Read More »

(Reuters) -British commercial property company Land Securities Group expects between low and mid single-digit percentage growth in annual London rental values despite continued pressure on building valuations. Valuations have been hit by high interest rates, hurting investment business within the sector and offsetting relatively better performance on the operational front. “Investment activity remains thin, but …

UK’s Landsec expects rents to counter lower building valuations Read More »

LONDON (Reuters) – British telecoms group BT said on Tuesday its pension funding deficit had been valued at 3.7 billion pounds ($4.6 billion), down from 8 billion pounds in 2020, and its annual contribution amounts would remain unchanged. Under the plan BT will pay 600 million pounds in each financial year until 2030, plus 180 …

BT pension deficit reduced to 3.7 billion stg, contributions to stay the same Read More »

LONDON (Reuters) – Britain’s King Charles celebrates his 75th birthday on Tuesday and will use the occasion to launch a new scheme to tackle food poverty and cut down on waste. The king, who has spent more than five decades as an outspoken campaigner on environmental issues and supporter of a sustainable economy, will officially …

King Charles celebrates 75th birthday by launching new food project Read More »

LONDON (Reuters) – British Prime Minister Rishi Sunak reshuffled his ministerial team on Monday, including bringing back former leader David Cameron as foreign minister and firing interior minister Suella Braverman in a bid to win over moderate voters. Here is the latest list of those who attend cabinet meetings: POSITION MINISTER Foreign Secretary David Replaces …

Factbox-Who is in UK PM Rishi Sunak’s new ministerial team? Read More »

(Reuters) -British shopping centre owner Hammerson is in detailed talks to sell its stake in luxury shopping outlet operator Value Retail for about 1 billion pounds ($1.23 billion), Sky News reported on Monday, citing industry executives. Hammerson could offload its roughly 40% stake valued at 1.2 billion pounds at a discount before the end of …

UK’s Hammerson in talks to sell stake in Value Retail for $1.23 billion – Sky News Read More »

LONDON (Reuters) – Britain is reviewing how it screens foreign takeovers for national security concerns to reduce the burden on businesses, less than two years after tougher rules were introduced, deputy prime minister Oliver Dowden said on Monday. The government, under the 2022 National Security and Investment Act, has the power to scrutinise investment and …

Britain reviews scrutiny of foreign takeovers Read More »

LONDON (Reuters) – Britain’s energy regulator announced rules on Monday to help speed up the connection of new power projects to the grid and clear so-called zombie projects from the connection queue. Britain has a target to decarbonise its power sector by 2035 which will require many more renewable power plants such as wind and …

Britain’s energy regulator launches rules to speed up grid connection Read More »

By Sachin Ravikumar and Nick Carey LONDON (Reuters) -British petrol station operator EG Group said on Monday it would buy Tesla ultra-fast charging units to boost its electric vehicle charging network across Europe, as the EV maker continues to expand the reach of its charging business. EG, owned by the billionaire Issa brothers who also …

UK petrol station group EG to buy Tesla ultra-fast chargers Read More »