Reuters UK Domestic

LONDON (Reuters) – A British debt advisory charity said on Wednesday that demand for its services jumped by almost a third in January due to the cost-of-living crisis and it urged the government to reverse its plan to scale back its energy price support for households. StepChange said the number of new clients seeking full …

“Startling” jump in debt advice after inflation surge – UK charity Read More »

By Iain Withers LONDON (Reuters) -An influential group of British lawmakers have questioned whether banks are making excessive profits without passing the benefit of central bank interest rate hikes on to savers, in a series of letters to bank bosses sent on Wednesday. The Treasury Select Committee said profit margins at the four biggest British …

British lawmakers further pressure banks over savings rates, exec pay Read More »

By David Milliken and William Schomberg LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Wednesday it was possible the central bank had already come to the end of its rate-rising cycle, leading financial markets question whether a rate rise this month is as clear-cut as they thought. The BoE raised interest rates …

Another BoE rate rise isn’t inevitable, Bailey says Read More »

LONDON (Reuters) – Britain’s information regulator said on Wednesday it would look into an official complaint accusing Alphabet Inc’s YouTube of illegally collecting data from millions of children. The complaint lodged by father-of-three Duncan McCann, who is leading the campaign and supported by his employer the advocacy group 5Rights, said the video-streaming platform had broken …

YouTube child data gathering faces UK scrutiny after complaint Read More »

By Paul Sandle LONDON (Reuters) -Britain provisionally cleared satellite company Viasat’s buyout of rival Inmarsat on Wednesday, saying the $7.3 billion deal would not substantially reduce competition in the supply of wifi on commercial flights. The Competition and Markets Authority (CMA) said that while the two companies competed to provide airlines with in-flight broadband, the …

UK clears Viasat’s multi-billion-dollar buyout of satellite rival Read More »

(Reuters) – Aston Martin, a London-listed luxury carmaker, said it expects profitability to improve this year and to turn free cash flow positive in the second half as it begins deliveries of its next-generation sports cars in the third quarter. The company on Wednesday forecast wholesale volumes of about 7,000 units for 2023, slightly below …

Aston Martin says profitability to improve this year after tough 2022 Read More »

By William Schomberg LONDON (Reuters) – British house prices last month dropped in annual terms for the first time in nearly three years, mortgage lender Nationwide said on Wednesday, adding to signs of a slowdown in the housing market in the face of high inflation and rising borrowing costs. The 1.1% fall was the first …

UK house prices show first annual fall since 2020 – Nationwide Read More »

(Reuters) – England head home from New Zealand with the rare sting of defeat after the Black Caps’ ‘Miracle at the Basin’ and more than a little concern over the fitness of captain Ben Stokes a few months out from the Ashes. While Stokes had no regrets about enforcing the follow-on in the one-run defeat …

Cricket-Stokes’s shaky knee to cloud England’s Ashes buildup Read More »

By Sam Tobin LONDON (Reuters) -The British government granted billions of pounds in unlawful subsidies to Octopus Energy to take over collapsed energy supplier Bulb, three major rivals told a London court on Tuesday as they try to overturn the deal. British Gas, E.ON and Scottish Power are challenging the acquisition of Bulb, which was …

UK subsidies for Octopus takeover of rival unlawful, court told Read More »