By Farouq Suleiman and Michael Holden LONDON (Reuters) – For British police, the stop and search tactic is a vital tool in its fight against drugs and knife crime, and the government says its use should be ramped up. But for many in the Black community it is a blunt instrument, often a humiliating experience …
Athletes’ stop and search trauma raises questions for UK police Read More »
By Huw Jones LONDON (Reuters) -Britain will not force pension funds to consolidate or invest in high-growth companies, but there must be change in the sector to give pension holders better long-term returns, finance minister Jeremy Hunt said on Wednesday. Hunt launched the “Mansion House Compact” in July to help channel cash from direct contribution …
Britain tells pension funds change needed to improve returns Read More »
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -Deutsche Bank on Wednesday promised more share buybacks next year and said it may return more capital to shareholders than it had previously envisaged, causing its shares to surge. The outlook on potential payouts came as Germany’s largest lender posted a better-than-expected 8% drop in third-quarter profit. …
Deutsche Bank shares surge as it flags dividends and buybacks Read More »
By Iain Withers and Lawrence White LONDON (Reuters) -Lloyds Banking Group reported a third-quarter profit that met forecasts and maintained its guidance for full-year performance, despite declining lending margins and rising costs that are squeezing British banks’ returns. Britain’s biggest mortgage lender on Wednesday reported a pre-tax profit of 1.9 billion pounds ($2.3 billion) for …
Britain’s Lloyds reaffirms profit outlook amid cost, margin pressures Read More »
LONDON (Reuters) – Barclays shares fell by as much as 2.4% in early trading on Wednesday, briefly on course for their biggest two-day drop since turmoil engulfed the global banking sector in March. On Tuesday, shares in Barclays closed down 6.5% after the company indicated it would embark on another restructuring round in the coming …
LONDON (Reuters) – Frasers, the British sportswear group controlled by Mike Ashley, has raised its stake in online fashion retailer Boohoo to 16.5%, according to a regulatory filing published on Wednesday. The group previously held 15.12%. Frasers, formerly called Sports Direct, said in June its purchase of Boohoo shares was consistent with its strategy of …
Mike Ashley’s Frasers raises Boohoo stake to 16.5% Read More »
By Lori Ewing MANCHESTER, England (Reuters) – Manchester United manager Erik ten Hag laid a wreath in the centre of the storied Old Trafford pitch on Tuesday in a stirring tribute to club great Bobby Charlton ahead of their Champions League group-stage match against FC Copenhagen. Ten Hag, who has called Charlton a “leader” and …
Soccer-Ten Hag lays wreath on Old Trafford pitch in moving tribute to Charlton Read More »
By William Schomberg LONDON (Reuters) – The Bank of England looks set to keep interest rates on hold next week but also stress that it is far from relaxing its fight against Britain’s high inflation rate, despite growing worries about a recession. The BoE’s job of getting inflation down to its 2% target from 6.7% …
BoE likely to keep high rates on hold even as signs of slowdown mount Read More »
LONDON (Reuters) – Insurance broker Aon said on Wednesday it will join the “Mansion House Compact” of companies committed to channelling more money from their direct contribution (DC) pension schemes into unlisted companies by 2030 to boost growth. The grouping, which already included Aviva, Legal & General and seven other pension firms, was announced in …
Aon joins UK pensions ‘compact’ for unlisted company investments Read More »
By Huw Jones LONDON (Reuters) -Britain on Tuesday scrapped a decade-old cap on banker bonuses inherited from the European Union, signalling a clear divergence in post-Brexit financial rules from the 27-country bloc it left in 2020. Britain was outvoted in the EU when the cap was introduced in 2014 to try to prevent the kind …
Britain scraps cap on banker bonuses inherited from EU Read More »
