(Reuters) -British online trading platform IG Group on Tuesday said it would cut 10% of its headcount as part of cost-saving measures to drive operating margin expansion and become a leaner fintech firm. IG Group is trying to bolster its margins as the number of active clients on its platforms declines because of tough market …
UK’s IG Group says it expects to cut 10% of workforce Read More »
By Andrew MacAskill LONDON (Reuters) – Former British Prime Minister Boris Johnson’s approach to dealing with the COVID-19 pandemic was “mad and dangerous” and his constant indecision made it “impossible” to tackle the virus, the government’s top civil servant told officials. The exchanges between Simon Case, the government’s most senior official, and officials in which …
Boris Johnson’s response to COVID was ‘mad and dangerous’- top official Read More »
LONDON (Reuters) – Prices in British store chains rose at the slowest pace in more than a year in October, according to industry data that adds to signs that the country’s high inflation rate will resume its fall. The British Retail Consortium said annual shop price inflation dropped to 5.2% from 6.2% in September, its …
UK shop price inflation at lowest since August 2022 -BRC Read More »
By Huw Jones LONDON (Reuters) – Britons are turning to unregulated “buy-now-pay-later” credit in ever increasing numbers to pay their bills, the Financial Conduct Authority said on Tuesday, in the latest sign of how the country’s cost of living crisis continues to bite. Companies that offer “buy-now-pay-later” (BNPL) unsecured loans are not regulated by the …
UK watchdog intervenes again in ‘buy-now-pay-later’ as users rise Read More »
WASHINGTON (Reuters) – U.S. Vice President Kamala Harris will discuss the Israel-Hamas conflict and “consult on next steps in our support for Ukraine” with British Prime Minister Rishi Sunak during a visit to London later this week, a White House official said on Monday. Harris will also attend a summit and deliver a speech on …
US VP Harris to discuss Israel, Ukraine with UK’s Sunak on London visit Read More »
(Reuters) – Police are investigating the death of Nottingham Panthers ice-hockey player Adam Johnson on Saturday after what the club described as a “freak accident” during a game, South Yorkshire Police said on Monday. Johnson, 29, received emergency treatment following the incident in the clash with Sheffield Steelers in Sheffield, England, and his club announced …
Ice hockey-Police investigating death of Nottingham Panthers’ Johnson Read More »
By William Schomberg and Sumanta Sen LONDON (Reuters) – The Bank of England is expected to keep interest rates at their 15-year high on Thursday as it battles an inflation rate that is more than three times as high as its target, despite growing signs of strain in the economy. British inflation remains the highest …
High inflation and slowdown signs: the BoE’s tough trade-off Read More »
LONDON (Reuters) – Britain’s Treasury could lose out on 3 billion pounds ($3.6 billion) of revenue a year from the sale of carbon permits, an industry report said on Monday, after prices on its post-Brexit emissions trading system fell this year faster than in the EU. Britain’s ETS, launched in 2021, works like the EU …
Britain’s post-Brexit carbon pricing could cost Treasury billions – report Read More »
By Sam Tobin LONDON (Reuters) – A former British intelligence worker who tried to kill a U.S. National Security Agency (NSA) employee in a “premeditated, targeted and vicious attack” was jailed on Monday for 13 years. Joshua Bowles, 29, repeatedly stabbed the unnamed woman, who was working at British intelligence agency GCHQ, in March near …
Ex-British intelligence worker jailed for attempted murder of U.S. NSA employee Read More »
LONDON (Reuters) – Britain’s oil and gas regulator, the North Sea Transition Authority (NSTA), on Monday awarded 27 new hydrocarbon exploration licenses, even as climate activists criticise the government for allowing fresh drilling. The licensing round, the first of its kind since 2019, was launched around a year ago and received 115 applications from 76 …
UK regulator awards 27 oil, gas exploration licenses Read More »
