By Sinchita Mitra and Eva Mathews (Reuters) -British lender Virgin Money on Thursday reported a fall in its half-year profit on higher investment costs and increased provisions for potential bad loans, sending its shares down as much as 11%. Lenders are under pressure to prepare for potential loan defaults amid an economic crunch in Britain, …
Virgin Money shares slide on lower half-year profit Read More »
(Reuters) -Vodafone and CK Hutchison are close to agreeing a merger of their UK telecoms businesses, two sources said, in an expected 15 billion pounds ($19 billion) deal that would create the country’s biggest mobile operator. The deal would value the equity of the combined group at about 9 billion pounds, with roughly 6 billion …
Vodafone, CK Hutchison set to unveil UK mobile tie-up soon – sources Read More »
LONDON (Reuters) – UK investors pumped a net 1.4 billion pounds ($1.76 billion) into equity funds in April, ramping up their exposure to stocks at the fastest pace seen since May 2021, funds network Calastone said on Thursday. Global markets have suffered a nervous first four months of the year, as investors weigh the continued …
UK investors race back to global equities in April – Calastone Read More »
OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau will travel to Britain to attend the Coronation of King Charles at London’s Westminster Abbey on Saturday, the prime minister’s office said in a statement on Wednesday. Trudeau will be joined by Governor General Mary Simon, the monarch’s representative in Canada, and several other dignitaries, including Indigenous leaders …
Canadian PM Justin Trudeau to attend King Charles’ coronation in London Read More »
By Sam Tobin LONDON (Reuters) – Russian former Formula One driver Nikita Mazepin is fighting British sanctions imposed following the invasion of Ukraine in a bid to resurrect his racing career. Nikita Mazepin was dropped last March by his team Haas, which also severed ties with its title sponsor Uralkali, a Russian fertiliser producer then …
Russian former F1 driver Mazepin fighting UK sanctions to revive career Read More »
By Muvija M LONDON (Reuters) – More than 11,000 police officers will patrol London’s streets for King Charles’ coronation on Saturday, the biggest ceremonial event staged in the British capital for 70 years, and they are well prepared to handle any incident, officials said on Wednesday. Security forces have spent months preparing for the event, …
UK police well prepared for King Charles’s coronation Read More »
LONDON (Reuters) -Britain’s antitrust regulator was on Wednesday refused permission to appeal against a ruling that it had no power to open an investigation into Apple Inc’s mobile browser and cloud gaming services. Apple won an appeal in March against the decision by the Competition and Markets Authority (CMA) to open a full investigation into …
UK antitrust regulator refused permission to appeal Apple probe ruling Read More »
By Sam Tobin LONDON (Reuters) – Thirteen British trade unions told London’s High Court on Wednesday that the British government is breaching union rights over regulations allowing companies to hire agency staff to fill in for striking workers. Last year during a wave of disputes over pay and conditions, the Conservative government changed rules to …
UK unions challenge rules allowing agency staff to cover for strikers Read More »
By Iain Withers and Lawrence White LONDON (Reuters) -Interest rate rises helped British bank Lloyds beat first quarter profit forecasts on Wednesday, but early signs of stress among some borrowers pointed to tougher times ahead. Britain’s biggest mortgage lender’s results highlighted how the same increases in rates that have lifted its profit margins are also …
UK’s Lloyds beats profit forecasts, signals stresses ahead Read More »
By Farouq Suleiman LONDON (Reuters) -Police arrested a man outside Buckingham Palace on Tuesday for throwing what they believe were shotgun cartridges and officers also carried out a controlled explosion in the area, days before King Charles’ coronation ceremony. Police said the man had approached Buckingham Palace gates and thrown items, suspected to be shotgun …
Man arrested outside Buckingham Palace, police conduct controlled explosion Read More »
