Reuters UK Domestic

By Huw Jones LONDON (Reuters) – Plans to ease Britain’s company listings rules to attract more big ticket IPOs to London would roll back fundamental investor protections and weaken investors’ ability to challenge company boards, a group of pension schemes said on Wednesday. The Financial Conduct Authority suggested in a public consultation discussion paper in …

Pension schemes oppose easing UK listing rules to attract more IPOs Read More »

LONDON (Reuters) – Britain’s finance minister Jeremy Hunt met regulators on Wednesday to ensure consumers are being treated fairly and that those who are struggling to make payments receive help, the Treasury said. The government is under intense pressure to show it is acting to help consumers squeezed by rising household bills, including increased mortgage …

UK’s Hunt tells regulators to work ‘at pace’ to ensure markets working properly Read More »

By Kirstin Ridley LONDON (Reuters) – The Financial Conduct Authority (FCA) has banned a pension adviser from holding senior management positions over his role in a high-profile mis-selling scandal that led to British Steel workers receiving poor financial advice around eight years ago. Around 8,000 members of the British Steel Pension Scheme (BSPS) transferred their …

UK regulator bans adviser over poor British Steel pension advice Read More »

By Kate Holton LONDON (Reuters) – Nearly 2.5 million households in Britain are at a “high risk” of financial vulnerability or other problems and may need support to pay their bills, according to a new study tracking the impact of the cost-of-living crisis. The analysis is based on the number of households that are registered …

Nearly 2.5 million UK households at ‘high risk’ of vulnerability – study Read More »

By Sam Tobin LONDON (Reuters) -Prince Harry’s lawsuit against Mirror Group Newspapers (MGN) is “entirely speculative”, the British publisher’s lawyers told London’s High Court on Wednesday as the trial of the royal’s phone-hacking lawsuit nears its end. The prince and around 100 others are suing Mirror Group Newspapers (MGN), the publisher of the Daily Mirror, …

Harry’s phone-hacking lawsuit ‘entirely speculative’, publisher says Read More »

LONDON (Reuters) -Ocado shares fell as much as 11% on Wednesday, with traders attributing the drop to a media report that Amazon had denied speculation it would make a bid for the British retail company. Shares in Ocado were down 6.5% at 1430 GMT, while Amazon shares were up 1.4%. On June 22, Ocado shares …

Ocado drops after media report of Amazon denying possible bid Read More »

SINTRA, Portugal (Reuters) – Bank of England Governor Andrew Bailey said last week’s rise in interest rates reflected a resilient economy and unexpectedly persistent inflation, sticking closely to his message after the BoE raised rates to 5% from 4.5%. “The cumulative data – both particularly on the labour market and on the inflation release we …

UK showing signs of persistent inflation, BoE’s Bailey says Read More »

LONDON (Reuters) -Oscar-winning actor Kevin Spacey arrived at a London court on Wednesday for the start of his four-week trial on a dozen sex offence charges. Spacey, 63, denies allegations of historic offences committed against four men which are said to have taken place between 2001 and 2013. He made no comments to media on …

Kevin Spacey arrives at London court for sex offence trial Read More »

(Reuters) – Yorkshire should be fined 500,000 pounds ($636,600) and have points deducted over their handling of racism allegations made by former player Azeem Rafiq, the England & Wales Cricket Board (ECB) told a hearing on Tuesday. The recommendations were made to an independent Cricket Discipline Commission (CDC) panel, British media reported, after Yorkshire admitted …

Cricket-ECB calls for 500,000 pounds fine for Yorkshire over Rafiq case Read More »