By Joice Alves LONDON (Reuters) – Sterling touched a fresh 15-month high on Wednesday after a Bank of England (BoE) banking system stress test showed Britain’s largest lenders have enough capital to ride out a potential economic crisis, firming bets for more BoE rate hikes ahead. The test showed Britain’s eight biggest banks had enough …
Sterling hits fresh 15-month high after BoE banks stress test Read More »
(Reuters) -The British government said on Tuesday it will provide Ukraine with more than 70 combat and logistic vehicles, thousands of rounds of ammunition for Challenger 2 tanks, and a 50 million pound ($64.7 million) support package for equipment repair. Britain also said that all Group of Seven (G7) members – Canada, France, Germany, Italy, …
UK to provide Ukraine with ammo, vehicles and $65 million for equipment repair Read More »
(Reuters) – British finance minister Jeremy Hunt has ordered ministers to find 2 billion pounds ($2.6 billion) to 3 billion pounds in savings to fund 6% pay rises in the public sector this year, the Financial Times reported on Tuesday. British Prime Minister Rishi Sunak and Hunt are expected to agree on a strategy for …
UK’s Hunt orders ministers to find savings for public sector pay rises -FT Read More »
Former Manchester United goalkeeper Edwin van der Sar remains in intensive care but is in a stable condition and out of immediate danger following his bleed on the brain last week, his wife Annemarie confirmed on Tuesday. Van der Sar was admitted to a Split hospital on Friday while on holiday in Croatia. “Edwin …
Soccer-Hospitalised Van der Sar out of immediate danger Read More »
By Muvija M LONDON (Reuters) -British postal workers have voted overwhelmingly in favour of a three-year pay deal with employer Royal Mail, ending a long dispute that has cost the company hundreds of millions of pounds and prompted the departure of its boss. “This has been the most challenging period in both the history of …
UK workers at Royal Mail accept pay deal, ending long dispute Read More »
By Nell Mackenzie LONDON (Reuters) – The UK government said on Tuesday it would no longer require short sellers to publicly disclose their trades on UK companies. A short position is a bet that a company’s stock price will decline. Under the rule change funds will no longer have to tell the public their individual …
By Paul Sandle LONDON (Reuters) -A crisis at Britain’s BBC over alleged payments by an unnamed star to a young person for explicit images deepened on Tuesday when its news division reported that the male presenter had sent abusive messages to a second person, aged in their early 20s. The new revelation came after the …
BBC presenter sent abusive messages to second young person, broadcaster says Read More »
By Sam Tobin LONDON (Reuters) – A teenage member of the Lapsus$ hacking group hacked Uber and fintech firm Revolut then blackmailed the developers of best-selling videogame Grand Theft Auto, prosecutors have told a London court. Arion Kurtaj, 18, is said to have targeted Revolut and Uber in September 2022, accessing around 5,000 Revolut customers’ …
Teen hacked Uber, Revolut and Grand Theft Auto maker, London court hears Read More »
By David Milliken LONDON (Reuters) -The Bank of England may have to keep interest rates high for an extended period if inflation pressures persist, and it was right to raise them by half a percentage point last month, the International Monetary Fund’s directors said on Tuesday. British inflation was the highest of any major economy …
Bank of England may need to keep rates higher for longer, IMF says Read More »
LONDON (Reuters) – Gary Lineker retained his position as the best-paid presenter employed by Britain’s BBC, taking home more than 1.35 million pounds ($1.74 million) in the 2022-23 financial year, according to the broadcaster’s annual report published on Tuesday. The corporation, which is funded by a licence fee paid by every British TV-watching household, has …
Gary Lineker retains top spot in BBC pay list, with 1.35 million pounds Read More »
