By Sam Tobin LONDON (Reuters) – Credit Suisse was accused on Thursday of having “learnt nothing” from the 2008 financial crisis on the first day of a trial at London’s High Court over residential mortgage-backed securities. Loreley Financing, a special purpose vehicle set up by German bank IKB, is suing Credit Suisse over its 2007 …
Credit Suisse has ‘learnt nothing’ from 2008 crash, London court told Read More »
LONDON (Reuters) – British foreign minister James Cleverly has skipped a planned trip to Samoa to focus on coordinating the UK response to the Sudan crisis, which he is doing from New Zealand, his office said on Thursday. Cleverly had been scheduled to meet Samoan officials and New Zealand’s Foreign Minister Nanaia Mahuta in Samoa …
Britain’s Cleverly skips Samoa meeting to co-ordinate Sudan response Read More »
LONDON (Reuters) – The Confederation of British Industry (CBI) said on Thursday it had passed additional information to police relating to a report of a “serious criminal offence”. The CBI, a leading business group, has been plunged into crisis over a series of complaints of workplace misconduct, including allegations of a criminal offence, which have …
UK’s scandal-hit CBI hands new information to police probe Read More »
By Michael Holden and Sarah Mills LONDON(Reuters) – As Britain prepares to crown King Charles III in a ceremony with traditions dating back some 1,000 years, the monarchy confronts a question it has faced down the centuries: how does it survive in the modern world? For the House of Windsor, that does not mean dealing …
Can the British monarchy survive in its gilded cage? Read More »
(Reuters) – WH Smith said it was trading ahead of its expectations for the year after stronger passenger numbers at airports and train stations helped the British retailer post a better-than-expected half-year profit on Thursday. The travel industry has made a strong comeback from pandemic lows as offices reopened and more people took leisure trips …
Retailer WH Smith upbeat as travel rebound spurs profit beat Read More »
(Reuters) – British homeware retailer Dunelm Group Plc reported a 6% rise in quarterly sales on Thursday as higher gas bills forced shoppers to stock up on energy-efficient products during the winter months. Dunelm, which runs more than 179 stores across the UK and a digital platform, said there was also a strong start to …
UK retailer Dunelm’s sales rise on robust demand during winter Read More »
By Huw Jones LONDON (Reuters) – Britain must make it easier for staff based overseas to work remotely in London as the UK capital falls further behind New York on the global financial services ranking list, sector lobby group TheCityUK said in a report on Thursday. Britain’s leading role in financial services investment faces challenges …
Cross-border remote working could boost London financial centre, says report Read More »
(Reuters) – Consumer healthcare group Haleon expects 2023 organic revenue growth towards the upper end of its 4%-6% forecast, it said on Thursday, on strong demand and the restocking of its respiratory health products due to a bad cold and flu season. The company, the world’s biggest standalone consumer health business that sells non-prescription drugs, …
GSK-spinoff Haleon forecasts 2023 organic revenue growth at top-end of view Read More »
LONDON (Reuters) – British meal delivery company Deliveroo reported a 4% rise in revenue in its first quarter on Thursday, although a 9% drop in the number of orders on its platform resulted in 1% lower gross transaction value (GTV). Chief Executive Will Shu said it was a “resilient performance”, driven by the British and …
Deliveroo reports 4% rise in Q1 revenue, orders slip Read More »
By Farouq Suleiman and Tommy Wilkes LONDON (Reuters) – British businesses are struggling to meet their sustainability goals due to rising energy prices, costs associated with international trade barriers and the impacts of the COVID-19 pandemic, a survey showed on Thursday. Almost three quarters of the more than 500 business leaders questioned said their …
Rising costs force UK firms to compromise on sustainability -survey Read More »
