LONDON (Reuters) – Britain set out details on Tuesday of a new law barring the entry of asylum seekers to the UK in small boats, a proposal that some refugee charities say could be impractical and criminalize the efforts of thousands of genuine refugees. Here are the key points from the government’s proposed legislation: – …
Factbox-Britain proposes new immigration law to stop small boats Read More »
By Andrew MacAskill and Michael Holden LONDON (Reuters) – Britain’s government announced plans for a new law on Tuesday to prevent people who enter the country through unofficial routes from claiming asylum in a bid to stop tens of thousands of migrants arriving on its shores in small boats. The new legislation will face legal …
Explainer-How UK government plans to stop migrants arriving by boat? Read More »
By Elizabeth Howcroft LONDON (Reuters) – Investors pulled 962 million pounds ($1.16 billion) from UK-focused equity funds in February, the third-largest monthly outflow on record even as the FTSE 100 hit a record high, funds network Calastone said on Tuesday. UK equity funds have seen net selling for 21 months in a row, Calastone said. …
Investors pulled $1.2 billion from UK equity funds in February – Calastone Read More »
LONDON (Reuters) – A lack of availability in fresh produce categories weighed on sales growth at British supermarkets in the four weeks to Feb. 25, industry data showed on Tuesday. Britons have been grappling with a shortage of key salad staples, particularly tomatoes, cucumbers and peppers. A hit to supplies from disrupted harvests in southern …
UK salad shortage weighs on supermarket sales -NIQ Read More »
LONDON (Reuters) – Britain’s opposition Labour Party, ahead in opinion polls, said on Monday it will launch a review into business taxes with the aim of creating a stable environment for investments, a chronic weak spot in the economy. Opinion polls currently put the Labour Party, led by Keir Starmer, around 20 points ahead of …
UK’s Labour pitches ‘stable’ corporate tax environment Read More »
LONDON (Reuters) – Britain’s popular baker and fast food chain Greggs warned that high inflation would continue to be a challenge this year, but said it was confident its value offer of sausage rolls, steak bakes and pizza would help drive growth. For 2022, Greggs posted pretax profit of 148.3 million pounds ($178.6 million), in …
British baker Greggs warns of ongoing inflation challenge Read More »
LONDON (Reuters) – Reach, the British publisher of the newspapers including the Daily Mirror and regional titles, posted a 27% drop in annual profit after inflation caused its operating costs to rise by 40 million pounds and demand for advertising weakened. The group on Tuesday reported adjusted operating profit of 106.1 million pounds ($127.9 million) …
Daily Mirror publisher Reach posts 27% drop in profit Read More »
By Ron Bousso, Shadia Nasralla and Sarah McFarlane LONDON (Reuters) – BP hasn’t fallen out of love with renewables. It just wants to have more power. CEO Bernard Looney’s pursuit of green energy outstripped all rivals three years ago when he outlined a radical blueprint to move away from fossil fuels. Last month he applied …
Inside BP’s plan to reset renewables as oil and gas boom Read More »
LONDON (Reuters) – British manufacturers are increasingly turning away from overseas suppliers as energy and transport costs mount and European Union firms are also worried about doing business across the English Channel after Brexit, a survey showed. Make UK, an industry group, said on Tuesday that 40% of British manufacturers “re-shored” suppliers in the last …
More UK factories turn away from foreign suppliers, survey shows Read More »
(Reuters) – British estate agency Foxtons Group Plc said on Tuesday it expected property sales market to turn favourable in the latter part of 2023, buoyed by anticipated reduction in high mortgage rates that have crimped homebuyers’ purchasing power. Sales activity in the UK housing market has slowed markedly over the past six months or …
Britain’s Foxtons expects property sales recovery in latter part of 2023 Read More »
