Reuters UK Domestic

LONDON (Reuters) -A plan by Britain’s aviation regulator to cut charges for airlines at Heathrow was given the go-ahead by the competition authorities on Tuesday, despite the reduction angering both the airport and its customers. Heathrow warned lower fees would hit investment, while British Airways owner IAG, Virgin Atlantic and Delta Airlines said the cuts …

UK competition watchdog backs aviation regulator in Heathrow price row Read More »

(Reuters) -UK homebuilder Bellway on Tuesday forecast an over 31% slump in annual home-building in the 2024 fiscal year amid intense margin pressure and persisting weak demand, after it posted an expected decline in profit for the year through July. Britain’s housing market has been battling a slowdown for much of this year as high …

UK’s Bellway to build 31% fewer homes in 2024 on weak demand Read More »

LONDON (Reuters) – British grocery sales on a volume basis, or the number of items sold, showed an improving trend heading into October, suggesting shoppers are starting to reset their spending and take advantage of supermarket price cuts, industry data showed on Tuesday. Market researcher NIQ, formerly NielsenIQ, said volume sales fell 0.4% in the …

UK grocery sales show improving trend on volume basis -NIQ Read More »

LONDON (Reuters) -British e-commerce firm THG kept its annual revenue and earnings guidance that was downgraded last month, saying it returned to revenue growth on a constant currency basis in September. THG, which owns online brands such as Lookfantastic and Myprotein, said on Tuesday third quarter to Sept. 30 revenue fell 2.1% on a constant …

UK e-commerce firm THG keeps outlook after September recovery Read More »

LONDON (Reuters) – Offenders in England and Wales who are given jail sentences of less than a year will usually see those sentences suspended and do community service instead, Britain’s justice minister said on Monday, in an effort to ease prison overcrowding. The prison population in England and Wales has doubled in the last 30 …

Britain to spare minor offenders jail in effort to ease prison overcrowding Read More »

By Huw Jones LONDON (Reuters) -The Bank of England said on Monday it was thinking about possible changes to how it regulates branches of foreign banks, and flagged a likely easing in how it intends to apply global bank capital rules from mid-2025. The operations of California-based Silicon Valley Bank in Britain had been treated …

Bank of England considers changes to regulation of foreign bank branches Read More »

(Reuters) -Shares of Manchester United fell about 10% on Monday after reports that British billionaire Jim Ratcliffe is looking to acquire a 25% stake in the soccer club raised concerns that a full buyout by Qatar’s Sheikh Jassim bin Hamad al Thani could be off the table. The stock touched its lowest level in more …

Manchester United slides as Ratcliffe’s stake bid report dents buyout hopes Read More »

LONDON (Reuters) -Britain will increase aid to the Palestinian people by 10 million pounds ($12.18 million) in response to a humanitarian crisis in Gaza, Prime Minister Rishi Sunak said on Monday, as he called for Israel to try and minimise civilian casualties. Gazans have been under siege since Israel launched its most intense bombardment and …

Britain increases aid to Palestinians by 10 million pounds Read More »