By Mitch Phillips PARIS (Reuters) -Britain’s Alex Yee ran a perfectly-paced 10km to snatch a dramatic Olympic triathlon gold on Wednesday, overhauling a fading Hayden Wilde of New Zealand in brutal conditions. The race was originally due to be held on Tuesday but postponed due to poor water quality in the river Seine and, after …
Olympics-Triathlon-Britain’s Yee takes gold with thrilling 10km finish Read More »
By Andy Bruce (Reuters) – British finance minister Rachel Reeves plans to raise taxes when she presents her budget in three months’ time, but her options are limited by her promise not to increase taxes paid by “working people”. On Monday, Reeves said the Labour government, which won a landslide victory in the July 4 …
Explainer-What taxes can UK finance minister Rachel Reeves raise in her first budget? Read More »
By Iain Withers LONDON (Reuters) – British insurer Phoenix Group and fund management company Schroders have agreed to launch a private markets investment firm to channel up to 20 billion pounds ($25.68 billion) into unlisted assets over the next decade. Asset managers have been jockeying for a competitive edge in private markets, with several such …
Phoenix, Schroders to launch venture to put pension cash into private markets Read More »
By Temilade Adelaja SOUTHPORT, England (Reuters) – A large crowd of anti-Muslim protesters clashed with police on Tuesday in a northern English town where three girls were stabbed to death and five other children critically wounded during an attack on a Taylor Swift-themed event on Monday. The horrific stabbing incident in Southport, a quiet seaside …
Violent crowd clashes with UK police after young girls killed Read More »
LONDON (Reuters) – New British finance minister Rachel Reeves said on Tuesday she would need to raise taxes in her Oct. 30 budget, confirming expectations of such a move after she earlier this week set out a 22 billion pound shortfall in this year’s budget. “I think that we will have to increase taxes in …
UK finance minister: We will need to raise taxes in October budget Read More »
By Marc Jones LONDON (Reuters) -Moody’s put Britain’s Southern Water on a “junk” rating downgrade warning on Tuesday, less than a week after stripping the UK’s most troubled provider Thames Water of its investment grade score. The rating agency cited this month’s draft decision from UK regulator Ofwat that Southern would not be allowed to …
UK’s Southern Water put on ‘junk’ warning as sector’s problems mount Read More »
By Alistair Smout and Suban Abdulla LONDON (Reuters) -Britain’s new government on Tuesday set out mandatory housing targets for councils in England with a view to delivering 1.5 million more homes before the next election, aided by an overhaul of the planning system. New Prime Minister Keir Starmer has made reforms to planning a key …
New UK government sets higher housebuilding targets in planning overhaul Read More »
By Purvi Agarwal and Shubham Batra (Reuters) -London’s FTSE 100 ended lower on Tuesday, hurt by losses in the beverage sector after Diageo hit a four-year low following an annual profit miss, and by a decline in mining stocks. The blue-chip FTSE 100 index edged 0.2% lower, with industrial metal miners falling around 2% as …
Britain’s FTSE 100 slips as miners, Diageo weigh Read More »
(Reuters) -Independent British oil producer Viaro Energy said on Tuesday it would buy UK Southern North Sea assets owned by Shell and Exxon Mobil. Reuters reported about the deal talks in May, citing sources and one of them had said the transaction could be valued at $500 million. Viaro said it would assume full ownership …
By Huw Jones LONDON (Reuters) – The Bank of England will not publish rules for implementing tougher global bank capital requirements until after the summer, it said on Tuesday, raising questions about whether a July 2025 start date remains feasible. The standards were written by the global Basel Committee, and member jurisdictions such as Britain, …
Bank of England delays Basel bank capital rules until after summer Read More »
