By Purvi Agarwal and Roshan Abraham (Reuters) -British equities closed higher on Tuesday, buoyed by construction stocks, a day after a brutal sell-off across markets triggered by fears of a U.S. recession. The blue-chip FTSE 100 index ended up 0.2%, after its biggest fall in over a year on Monday. The mid-cap FTSE 250 index …
FTSE 100 ends higher, helped by construction stocks Read More »
LONDON (Reuters) – The Bank of England on Tuesday updated its estimates for the overall losses likely to be made by its quantitative easing bond purchase programme. BY THE NUMBERS The estimates assume the BoE will unwind its government bond portfolio at the current pace of 100 billion pounds ($127 billion) per year. Based on …
Bank of England updates its lifetime loss estimate for QE programme Read More »
(Reuters) – Britain’s water regulator plans to fine debt-laden Thames Water 104 million pounds ($133 million), close to the maximum penalty allowed, after an investigation into historic sewage spills. Thames Water, the country’s biggest supplier, is at the centre of a crisis over sewage flowing into rivers and seas which has fouled the environment, prompting …
Struggling Thames Water faces $133 million fine over sewage spills Read More »
By Huw Jones LONDON (Reuters) -Britain’s top eight banks including HSBC, Barclays, Lloyds and NatWest could be wound down in a crisis without the immediate need for taxpayer cash, the Bank of England said on Tuesday following its second ‘resolvability’ check of the lenders. Being able to “resolve” or close down an ailing bank without …
Top UK lenders could be wound down in a crisis without bailouts, BoE checks show Read More »
LONDON (Reuters) – British shoppers kept a tight grip on their purse strings last month as rainy weather again dampened their appetite for spending, according to two surveys published on Tuesday. Barclays said spending on its credit and debit cards fell by 0.3% in annual terms in July, the second drop since February 2021 albeit …
By Kylie MacLellan and Catarina Demony LONDON (Reuters) -British Prime Minister Keir Starmer said violent protesters who had targeted Muslim communities would swiftly face the “full force of the law” as he sought to quell days of anti-immigration rioting. The fatal stabbing of three young girls in the northwest English town of Southport last week …
UK’s Starmer vows speedy punishment to quell violent disorder Read More »
By Michael Holden and Alistair Smout LONDON (Reuters) – The British government said on Monday officials were examining the role foreign states had played in amplifying disinformation online which had helped fuel violent protests, while warning social media firms they had to do more to stop it. Trouble flared last week following the murder of …
UK examines foreign states’ role in sowing discord leading to riots Read More »
(Reuters) – The UK’s main stock indexes kicked off the week on a downbeat note, led by losses in utilities as fears of U.S. recession mounted after weak economic data sparked a global sell-off. The blue-chip FTSE 100 index fell 2.0% to its lowest since April 22 and clocked its worst day in over a …
London’s FTSE 100 falls after U.S. recession fears spark global rout Read More »
By Martyn Herman SAINT QUENTIN-EN-YVELINES, France (Reuters) – Britain’s women set a new world record in the qualifying rounds for the Olympic track cycling team sprint as the competition began at the National Velodrome on Monday. Katy Marchant, Sophie Capewell and Emma Finucane clocked 45.472 seconds for their three laps of the 250m track — …
Olympics-Cycling-British trio break world record in team sprint qualifying Read More »
PARIS (Reuters) – Australia’s Noemie Fox won the gold medal in the Olympic women’s kayak cross at the Vaires-sur-Marne Nautical Stadium on Monday. France’s Angele Hug took the silver medal, with Kimberley Woods picking up the bronze for Britain. (Reporting by Philip O’Connor editing by Ed Osmond)
