Reuters UK Domestic

One person dead as migrants try to cross Channel to Britain

PARIS (Reuters) – One person was found dead after a boat carrying migrants trying to cross the Channel near Calais to Britain got into difficulties overnight, French authorities said on Sunday. Thirty-four other people were rescued and taken to emergency services, the local French department responsible for the Calais region said. Tackling illegal immigration has …

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Priti Patel enters race to lead UK opposition Conservative Party

LONDON (Reuters) – Former British interior minister Priti Patel launched her bid to become new leader of the opposition Conservative Party on Saturday, making her the fifth candidate seeking to replace the outgoing Rishi Sunak. Sunak stepped down as leader following the party’s worst ever election performance earlier this month, but said he would stay …

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UK drivers still paying too much for road fuel, says regulator

LONDON (Reuters) -Britain’s competition regulator said on Friday the country’s drivers are still paying too much for road fuel, with increases in retail fuel margins costing them over 1.6 billion pounds ($2.1 billion) in 2023. The Competition and Markets Authority (CMA) said its analysis showed the cost to drivers of weakened competition in the fuel …

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British mid-cap stocks close at over two-year high on earnings optimism

(Reuters) -British mid-cap stocks rallied to their strongest finish in more than two years on Friday, helped by a slew of upbeat company earnings reports and a rebound on Wall Street following benign U.S. inflation data. The FTSE 250 index of domestically oriented UK stocks closed up 2.3% at its highest level since March 2022, …

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NatWest snaps up $3 billion Metro Bank mortgage book, upgrades outlook

By Lawrence White and Yadarisa Shabong LONDON (Reuters) -NatWest has bought a 2.4 billion pound ($3.09 billion) mortgage book from Metro Bank and upgraded its performance outlook for the year, boosting its shares even though the British bank’s first-half profit fell 16%. The transaction represents the latest in a slew of consolidation deals this year …

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Bank of England threatens curbs on use of ‘funded reinsurance’

By Huw Jones and Carolyn Cohn LONDON (Reuters) – Britain’s insurers could face curbs on how they undertake acquisitions of certain pension schemes unless they manage risks better, the Bank of England said on Friday. Large UK insurers such as Legal & General, Aviva and Phoenix have cashed in on demand for bulk annuities, insurance …

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Eurostar cancels a quarter of all services, urges against travel

LONDON (Reuters) -Eurostar said it would cancel a quarter of all services on its network and asked passengers to postpone their travel where possible on Friday after its rail services between London and Paris were disrupted by acts of vandalism in France. Saboteurs struck France’s TGV high-speed train network in a series of pre-dawn attacks …

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UK police officer under criminal investigation over Manchester Airport incident

LONDON (Reuters) -Britain’s police complaints watchdog said on Friday an officer was under criminal investigation for assault over an incident at Manchester Airport where a policeman was filmed stamping on a suspect’s head during an arrest. The clip, filmed by an onlooker on Tuesday, was posted on social media and showed a chaotic scene in …

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