By Shubham Batra, Sruthi Shankar and Khushi Singh (Reuters) -British stock indexes closed higher on Thursday, with Informa leading gains in media stocks, while hopes of a pause in interest rate hikes by major central banks also helped outweigh declines in energy shares. The FTSE 100 rose 0.2%, but gains in the blue-chip index lagged …
UK stocks rise on media stocks boost, global rate pause hopes Read More »
LONDON (Reuters) -Britain has been unlawfully accommodating unaccompanied asylum-seeking children in hotels on a “systematic and routine” basis for at least 18 months, London’s High Court ruled on Thursday. Every Child Protected Against Trafficking (ECPAT) took legal action against Britain’s Home Office, or interior ministry, over the accommodation of unaccompanied children seeking asylum, many of …
UK unlawfully housing unaccompanied asylum-seeking children in hotels -court Read More »
By Iain Withers and Sinead Cruise LONDON (Reuters) -British bank NatWest said on Thursday the CEO of its private bank Coutts, Peter Flavel, will step down, after he took “ultimate responsibility” for mishandling the closure of former Brexit party leader Nigel Farage’s bank accounts. The ousting of Flavel is one of the first actions taken …
Coutts CEO Flavel latest to quit at NatWest over Farage debacle Read More »
By Michael Holden LONDON (Reuters) -Prince Harry can take some of his lawsuit against media magnate Rupert Murdoch’s tabloids to trial, London’s High Court ruled on Thursday, but claims of decades-old phone hacking were thrown out for being filed too late. The court also rejected one of Harry’s central arguments, that there had been a …
Prince Harry’s trial against Murdoch tabloids to go ahead, but hacking claims too old Read More »
LONDON (Reuters) -Prince Harry can proceed with some of his lawsuit against Rupert Murdoch’s UK newspaper arm but his allegations of phone-hacking were made too late, London’s High Court ruled on Thursday. Harry is suing Murdoch’s News Group Newspapers (NGN) over multiple acts of wrongdoing he says were committed on behalf of its tabloids, the …
Prince Harry gets partial go ahead for Murdoch UK tabloid trial Read More »
By Elizabeth Howcroft and Carolyn Cohn (Reuters) -British asset manager Schroders reported a drop in first-half assets under management on Thursday, due to weaker investor sentiment and market volatility. UK investors are playing it safe, pulling $842 million from equity funds in June in favour of money market and fixed-income funds, fund network Calastone said …
UK’s Schroders H1 assets drop in volatile markets Read More »
By Lawrence White and Iain Withers LONDON (Reuters) -Barclays warned of growing pressure on its UK business as stubborn inflation and high interest rates pushed customers to repay debt and switch into savings, squeezing the bank’s margins and hurting its shares despite a fresh share buyback. Shares were 6.4% lower at 0745 GMT after the …
Barclays signals profit squeeze as customers take action Read More »
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -Shell on Thursday reported a 56% fall in second-quarter profit to $5 billion as oil and gas prices and refining profit margins fell, prompting the energy giant to slow its share repurchase programme. The earnings, which missed forecasts, follow bumper earnings in 2022 after energy prices surged …
Shell’s profits tumble 56% to $5 billion as energy prices cool Read More »
By Sarah Young LONDON (Reuters) – British retailer Frasers Group expects profit to rise between 5% and 15% this year as its biggest brand Sports Direct benefits from a partnership with Nike and shoppers keep spending despite economic headwinds, it said on Thursday. The FTSE 100-listed firm was founded by Mike Ashley, a former squash …
UK’s Frasers Group sees more profit growth this year Read More »
(Reuters) – Foxtons said on Thursday it expects the wider home sales market to remain challenging amid high mortgage rates, even as the UK estate agency posted a 10% jump in half-year profit on strength in its lettings business. UK rental activity and prices have risen sharply spurred by a post-pandemic bounce in residential demand …
Foxtons flags tough conditions in home sales market after HY profit rise Read More »
