By David Milliken LONDON (Reuters) – The Bank of England said on Wednesday that stress tests results saw the London Metal Exchange’s (LME) clearing house LME Base experience “full depletion of both prefunded and non-prefunded resources” in an extreme scenario. In last year’s stress test, LME Base ran down nearly its entire default fund under …
BoE tests show LME clearing house resources depleted in extreme case Read More »
BEIRUT (Reuters) – Christie’s auction house has removed two paintings by Lebanese artist Ayman Baalbaki from its London sale this week following complaints, according to emails seen by Reuters, with the artist criticising the decision as a form of “discrimination”. “Al Moulatham”, which stands 2 meters tall, features a figure wrapped in a red-and-white scarf …
LONDON (Reuters) -Britain’s RMT trade union and the industry body representing train operators said on Wednesday they had agreed a way forward in a long-running dispute which, if accepted by rail workers, could see a pause to disruptive strike action. Passengers in Britain have faced severe disruption to their travel for almost 18 months as …
UK’s RMT union agrees to pause rail strikes if members accept new offer Read More »
PUNE, India (Reuters) – England snapped their five-match losing streak at the World Cup on Wednesday, as a century by Ben Stokes set the tone for a 160-run victory over the Netherlands that kept his team’s Champions Trophy qualification hopes alive. The Netherlands got off to a sluggish start chasing 340 as England reduced them …
Cricket-Stokes ton helps England beat Netherlands, end World Cup losing run Read More »
(Reuters) – A fleet of drivers employed at British cardboard maker DS Smith will strike later this month after they rejected a pay offer, UK’s Unite union said on Wednesday. The drivers will strike for an initial seven days between November 20-27 and intensify strike action in December if the dispute is not resolved, Unite …
DS Smith drivers to strike in November over pay – union Read More »
LONDON (Reuters) -Britain on Wednesday imposed sanctions on 29 individuals and entities in Russia’s gold and oil sectors, as it targets the Kremlin’s finances supporting the war in Ukraine. Britain sanctioned two of Russia’s largest gold producers, Nord Gold Plc and Highland Gold Mining Ltd. Britain’s National Crime Agency (NCA) also issued an alert to …
Britain targets Russian gold, oil sectors in new sanctions Read More »
By Carolyn Cohn LONDON (Reuters) -Lloyd’s of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the commercial insurance market had strong links to the trade. Lloyd’s will also spend around 12 million pounds on a programme to improve recruitment …
Lloyd’s of London to invest $65 million following slavery report Read More »
LONDON (Reuters) – A lawmaker in Britain’s opposition Labour Party has resigned from his policy role in protest at his leader’s refusal to call for a ceasefire in the Israel-Hamas war in the Gaza Strip. Labour leader Keir Starmer has so far rejected growing calls in his party for him to press for a ceasefire, …
UK Labour lawmaker quits policy role over party’s Gaza stance Read More »
(Reuters) – British pub group J D Wetherspoon reported an increase in first-quarter sales on Wednesday, helped by easing costs and steady demand for its lower-than-average priced drinks and food despite the cost-of-living crisis. The group, which owns and operates 816 pubs across the UK and Ireland, said it would spend about 70 million pounds …
UK’s J D Wetherspoon reports higher quarterly sales on easing costs Read More »
(Reuters) – Commercial insurer Hiscox on Wednesday posted a rise in premiums written for the first nine months of the year, helped by strong demand in its retail segment. London-listed Hiscox, which underwrites a range of risks from natural catastrophes to cyber attacks to kidnappings and art theft, said gross premiums written climbed 6.8% to …
Lloyd’s of London insurer Hiscox posts rise in nine-month premiums Read More »
