Reuters UK Domestic

PM Starmer warns social media firms after Southport misinformation fuels UK riots

2 Aug 2024

By Alistair Smout and Nick Vant LONDON (Reuters) – British Prime Minister Keir Starmer warned social media companies that they must uphold laws that prohibit the incitement of violence online after misinformation around a fatal mass stabbing earlier in the week sparked violent scenes. A 17-year-old boy appeared in an English court on Thursday charged …

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Olympics-Tokyo pain dissolves into Paris glory for British lightweight pair

2 Aug 2024

By Philip O’Connor PARIS (Reuters) – The agony of missing out on a podium place in Tokyo by one-hundredth of a second was finally washed away for the British lightweight sculls pair of Imogen Grant and Emily Craig on Friday as they won the gold medal in dominant fashion.  The victory was sweetened by the …

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Olympics-Trampoline-Britain’s Page wins long-awaited gold in women’s trampoline

2 Aug 2024

By Gabrielle Tétrault-Farber PARIS (Reuters) -Britain’s Bryony Page claimed gold in the women’s trampoline at the Paris Games on Friday in an nerve-wracking final at the Bercy Arena on her third Olympic medal-winning appearance. Viyaleta Bardzilouskaya, a Belarusian competing as an individual neutral athlete, clinched silver, while Canada’s Sophiane Methot took bronze. The 33-year-old Page, …

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BoE’s Pill says job not done on inflation, rates might not fall again soon

2 Aug 2024

LONDON (Reuters) -Bank of England Chief Economist Huw Pill said on Friday that the fight against high inflation was not won and there was no guarantee that interest rates would fall again soon. “I think we can’t be complacent, we can’t declare ‘job done’ because there are some sort of dynamics in the UK economy, …

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UK outsourcing firm Capita forecasts annual revenue decline; shares fall

2 Aug 2024

By Aby Jose Koilparambil (Reuters) -British outsourcing group Capita on Friday forecast annual adjusted revenue will decline by low to mid-single digit percentage, partly hurt by its plan to move away from smaller-margin contracts, sending its shares sharply lower. Shares in the company fell as much as 11% in early trading, and the stock was …

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Royal London prepares to enter bulk annuity market

2 Aug 2024

By Huw Jones LONDON (Reuters) – British pensions, investment and life insurance company Royal London said on Friday it was finalising preparations to enter within months the ‘bulk annuity’ or pensions insurance market, a fast-growing sector attracting more regulatory scrutiny. Royal London reported that first half group operating profit rose to 144 million pounds ($183.36 …

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UK’s Intertek reports 14% jump in first half profit

2 Aug 2024

(Reuters) – British product testing firm Intertek on Friday reported a 14.2% jump in half year profit, helped by higher demand and pricing. The company, which provides assurance, testing, inspection and certification services, reported adjusted operating profit of 265.1 million pounds ($337.66 million) for the six months ended June, compared with 245.4 million pounds a …

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Bank of England rate cut boosts comeback factor for UK markets

2 Aug 2024

By Naomi Rovnick and Amanda Cooper LONDON (Reuters) -Big investors are growing more confident about a comeback for neglected UK assets, with the Bank of England’s move to cut interest rates from a 16-year high burnishing the feel-good factor from the new British government’s landslide election win. The BoE cut rates by a quarter point …

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Stephen Lawrence’s body to return to UK three decades after racist murder

2 Aug 2024

LONDON (Reuters) – The body of Stephen Lawrence, a Black teenager killed in an unprovoked racist attack in London three decades ago, will be returned to Britain from Jamaica where he was originally buried, his mother said on Thursday. The family made the decision public after images of Lawrence’s grave taken after the funeral home …

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UK regulator says push payment scams worth 341 million pounds reported in 2023

1 Aug 2024

A UK regulator on Thursday reported more than 252,000 cases of authorised push payment scams worth about 341 million pounds ($438 million) last year where people lost money from their accounts to fraudsters posing as genuine payees. The Payment Systems Regulator said the volume of such bank transfer scams increased by 12% to 252,626 from …

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