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LONDON (Reuters) – British foreign minister James Cleverly said on Monday that regional governments did not want the Israeli-Palestinian conflict to spill out into other parts of the region after the Islamist group Hamas assaulted Israel from Gaza on Saturday. “I have spoken with representatives of governments around the region, and we all agreed that …

UK foreign minister: Nobody wants Israeli-Palestinian conflict to spread Read More »

LIVERPOOL, England (Reuters) – Former Bank of England Governor Mark Carney endorsed Labour’s would-be finance minister Rachel Reeves on Monday in a video message played to the opposition party’s annual conference in Liverpool. “Rachel Reeves is a serious economist. She began her career at the Bank of England, so she understands the big picture,” he said. …

Former BoE governor Carney endorses UK Labour Party’s finance chief Read More »

LIVERPOOL, England (Reuters) – Britain’s opposition Labour Party on Monday promised it would not stray from the fiscal rules it sets. “A Labour government will not waver from iron-clad fiscal rules,” Rachel Reeves, the party’s finance policy chief, told Labour’s annual conference in Liverpool. (Reporting by Alistair Smout, writing by William James)

By Huw Jones LONDON (Reuters) – Britain on Monday laid out how listed companies and financial firms will have to detail their plans to cut polluting carbon emissions as they transition to a net zero economy by 2050. The corporate “transition plans” dovetail with already mandatory climate-related disclosure that is due to be replaced by …

Britain sets out blueprint for company climate ‘transition’ plans Read More »

LONDON (Reuters) – Britain’s Financial Conduct Authority said last week a review of risks in markets for unlisted assets would check how valuations are being undertaken and whether any risks could spread into banking. WHY IS THE REGULATOR WORRIED? Stock markets and prices of government bonds have been hit by expectations of higher interest rates …

Explainer-What’s wrong with private market valuations and why do UK pension funds care? Read More »

By Naomi Rovnick and Carolyn Cohn LONDON (Reuters) – UK pension funds are rushing to sell unlisted assets – often at a discount – because they are overexposed to the opaque $12 trillion global private market as regulators question the true value of investments spanning property to private equity, industry sources say. Global watchdogs are …

Analysis-UK pension funds rush to ditch unlisted assets as regulators question valuations Read More »

LONDON (Reuters) -A London-born man who was serving in the Israeli army died on Saturday on the Gaza border, his family said, and another British man is missing, Israel’s embassy in London said on Sunday. Jewish News said Nathanel Young was one of the many Israeli soldiers who were killed in a multi-pronged attack by …

London-born man killed in Israel, another UK citizen missing Read More »

By Elizabeth Piper, Andrew MacAskill and Alistair Smout LONDON (Reuters) – British Labour leader Keir Starmer said on Sunday his party’s “single defining mission” if elected to govern would be to spur economic growth, expressing confidence he could partner with business to achieve that “very quickly”. At the beginning of his opposition party’s annual conference …

UK’s Starmer says growth would be Labour’s ‘defining mission’ Read More »

LONDON (Reuters) – Britain’s opposition Labour Party is on course to win a landslide victory at a national election expected next year, according to an opinion poll published on Saturday. Most polls put Labour, which gathers in northern England this weekend for its annual conference, about 20 points ahead of Prime Minister Rishi Sunak’s governing …

UK’s opposition Labour on course for landslide election victory, poll predicts Read More »