Reuters UK Domestic

LONDON (Reuters) – The pound fell for a fifth day on Tuesday as rising U.S. bond yields supported the dollar, but is still up 18% from a year ago when former British Prime Minister Liz Truss’ borrowing plans drove it to a record low. Traders believe the Bank of England (BoE) has almost certainly reached …

Sterling nudges at March trough, a year on from ‘mini-budget’ record low Read More »

(Reuters) -Irn-Bru maker A.G. Barr on Tuesday posted a rise in its first-half profit, helped by strong demand for its cocktail mixes, soft drinks and price hikes of its products. Beverage makers have raised prices to keep up with high costs of energy and raw materials, while a cost-of-living crisis has not limited customers from …

Irn-Bru maker A.G. Barr half-year profit rises on firm demand, prices Read More »

(Reuters) -British Land on Tuesday said Meta Platforms surrendered one of the two buildings it had leased at London’s Regent’s Place, as tech companies turn cautious about office real estate due to prevailing macroeconomic uncertainties. The property firm said the lease surrender would lead to an earnings per share dilution of about 0.6 pence for …

British Land says Meta surrenders lease at one London building Read More »

By Gloria Dickie, Kate Abnett and Susanna Twidale (Reuters) – Britain, which was quick to set ambitious climate goals, is now stumbling on the path to reach net zero emissions by 2050 and facing hurdles that could resonate with nations trying to balance their targets with politics and the cost of action. After setting world-leading …

Analysis-Has Britain lost its climate crown? Read More »

By Sachin Ravikumar and Elizabeth Piper LONDON (Reuters) – Prime Minister Rishi Sunak refused comment on Monday on reports he had decided to delay a key section of Britain’s planned HS2 railway – billed as Europe’s largest infrastructure project. An announcement is not expected this week. A source with knowledge of the project said more …

Factbox-HS2, Britain’s costly high-speed railway, heading for more delays Read More »

By Alun John LONDON (Reuters) – The pound dipped to its lowest in six months against the dollar and its weakest in four months against the euro on Monday, as jitters across asset classes hurt the currency already bruised by markets’ reevaluation of the Bank of England’s rate outlook. The BOE kept rates on hold …

Sterling hits fresh multi-month lows on dollar and euro Read More »

BRUSSELS (Reuters) – European Union ministers agreed on Monday to water down an initial European Commission proposal on new vehicle commissions after eight states including France and Italy said the changes could divert investment from the electric vehicle industry. The European Union has been progressively tightening road vehicle emission limits since 1992, and the Commission’s …

EU ministers agree watered-down position on vehicle emissions Read More »