LONDON (Reuters) – Thames Water, the heavily-indebted British utility facing a funding crisis, could see its debt downgraded if its shareholders do not commit to injecting new funds into the company, ratings agency S&P Global said on Friday. S&P said the abrupt resignation of Thames Water’s CEO this week could hinder efforts to address its …
Ratings agency S&P puts Thames Water on downgrade warning Read More »
By Alistair Smout and Sachin Ravikumar LONDON (Reuters) -The British government on Friday set out a new hiring plan for England’s state-run National Health Service (NHS) aimed at tackling staff shortages that have exposed the system to huge pressures in the wake of the COVID-19 pandemic. The NHS has endured a winter of crisis and …
Britain outlines new workforce plan for strained health service Read More »
By Michael Holden LONDON (Reuters) -Kevin Spacey is an aggressive “sexual bully” who assaults men and gets turned on when his unwanted advances provoke anger, a British prosecutor said on Friday at the start of the Oscar-winning U.S. actor’s trial on sex offence charges. Spacey, 63, has pleaded not guilty to a dozen allegations of …
U.S. actor Kevin Spacey is a ‘sexual bully’, London court told Read More »
LONDON (Reuters) – A former senior British government official whose “partygate” investigation helped catalyse the exit of Boris Johnson as prime minister can take up a job with the opposition Labour Party in September, a watchdog said on Friday. Labour said in March that its leader, Keir Starmer, had picked Sue Gray as his new …
UK ‘partygate’ probe official can take job with Labour in Sept -watchdog Read More »
By William James LONDON (Reuters) -British international environment minister Zac Goldsmith resigned on Friday, saying Prime Minister Rishi Sunak was “uninterested” in environmental issues, in a move highlighting the deep split in the ruling Conservative Party. With an election expected next year and the Conservative Party trailing in opinion polls, the party is split between …
Bitter resignation of UK minister underlines divide in Sunak’s party Read More »
LONDON (Reuters) – British house prices fell by the most since 2009 in the 12 months to June, mortgage lender Nationwide said on Friday, although monthly data showed a small unexpected rise. Compared with June last year, the average house price was down 3.5% after a 3.4% annual fall in May, Nationwide said. Prices rose …
Annual UK house prices decline by most since 2009 -Nationwide Read More »
By Andy Bruce LONDON (Reuters) – Major British lenders on Thursday announced another increase in mortgage rates offered via brokers, pushing many products above the 6% mark in painful news for many homeowners and potential buyers. Lenders have re-priced home loan offerings repeatedly in recent weeks in a scramble to keep up with soaring funding …
UK mortgage rates rise again, turning screw on homeowners and buyers Read More »
By Mitch Phillips LONDON (Reuters) – Opener Ben Duckett hit 98 as England raced to 278-4 in an another high octane “Bazball” batting display to continue their Ashes fightback on day two of the second Lord’s test on Thursday after bowling Australia out for 416 on a memorable day’s action. In the latest extraordinary display …
Cricket-Duckett leads England fightback on crazy day at Lord’s Read More »
LONDON (Reuters) – British supermarket group Sainsbury’s said on Thursday it was cutting the price of own-brand milk for the second time in three months, adding to a body of evidence that a surge in grocery inflation will moderate this year. Sainsbury’s, Britain’s No. 2 grocer after market leader Tesco, said that from Saturday four …
By Sarah Young and Paul Sandle LONDON (Reuters) -Thames Water appointed corporate veteran Adrian Montague as chairman to try to stabilise Britain’s biggest water supplier after the abrupt departure of its CEO raised concerns about its viability, with the government prepared to step in. The British government is considering temporary state ownership of the company, …
Thames Water appoints new chair as crisis mounts Read More »
