LONDON (Reuters) – Britain said on Tuesday that new rules to ensure businesses and producers pay for the cost of recycling their packaging will be pushed back a year until October 2025 due to the economic pressures faced by consumers and firms. “We’re determined to transform the way we collect, recycle and reuse our waste …
UK defers packaging reforms for a year to October 2025 Read More »
By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England will raise its Bank Rate by a quarter-point to 5.25% on August 3, making borrowing the costliest since early 2008, and hike twice more by the year-end as price pressures persist, a Reuters poll showed. Despite 13 rate rises since December 2021, the BoE is …
Bank of England rates set to peak at 5.75% by year-end: Reuters poll Read More »
By Sachin Ravikumar LONDON (Reuters) – The number of families and individuals facing homelessness in England is at its highest since 2018, data showed on Tuesday, sparking calls for the government to reform renting laws faster and build more affordable housing. Britain is in the middle of a cost-of-living crisis, with high rates of inflation …
Homelessness rates in England hit five-year high Read More »
By Michelle Nichols UNITED NATIONS (Reuters) – Britain has information indicating the Russian military may move beyond attacks on Ukrainian grain facilities to target civilian shipping in the Black Sea, Britain’s U.N. Ambassador Barbara Woodward said on Tuesday. British Prime Minister Rishi Sunak shared the information with Ukraine’s President Volodymyr Zelenskiy during a phone call …
Britain warns Russia may start targeting civilian ships Read More »
LONDON (Reuters) – Two of James Dyson’s companies won permission from an appeal court on Tuesday to sue Britain’s Channel 4 News for libel over a story that alleged abuse at a former supplier’s factory in Malaysia. The British channel’s flagship news programme reported in February 2022 that workers at ATA Industrial, a Malaysian company …
Britain’s Dyson wins right to make libel claim against Channel 4 News Read More »
By Yadarisa Shabong (Reuters) – Shares in Compass Group fell 4% on Tuesday even after the firm maintained its annual outlook and reported a 15% jump in third-quarter organic revenues, as its update fell short of investors’ hopes. The world’s largest catering group said it had benefited from new business, higher prices and strong demand …
British caterer Compass leaves outlook unchanged, shares fall Read More »
By David Milliken LONDON (Reuters) – The International Monetary Fund confirmed its latest forecast for British economic growth this year, saying cheaper energy, better relations with the European Union and calmer financial markets had improved the outlook since the start of 2023. Britain’s gross domestic product is expected to grow 0.4% this year and 1.0% …
IMF sticks with forecast for limited UK growth in 2023 Read More »
LONDON (Reuters) – British manufacturing orders declined in July at the weakest rate this year, while expectations for increases in selling prices cooled further, an industry survey showed on Tuesday. The Confederation of British Industry’s monthly balance of new orders rose this month to -9 from -15 in June, the highest reading since December and …
Decline in UK manufacturing orders eases in July: CBI Read More »
LONDON (Reuters) -Britain’s Reach, the publisher of the Daily Mirror and Daily Express, reported a 24% drop in first-half adjusted operating profit after it was hit by Facebook’s move away from news content and a tough market for print advertising. The company said on Tuesday it would cut costs to improve its performance in the …
UK news publisher Reach hit by Facebook’s changes Read More »
LONDON (Reuters) -Britain is sticking to its plan to ban the sale of new petrol and diesel cars from 2030 but some measures to reduce the carbon footprint of residential homes will be relaxed, senior government minister Michael Gove said on Tuesday. Britain’s green agenda has been thrown into question after the governing Conservatives won …
UK minister: petrol car ban immovable but some green policies to be relaxed Read More »
