Reuters UK Domestic

By Suban Abdulla and Andy Bruce LONDON (Reuters) -Britain’s economy stagnated for a second month running in July as manufacturing output dropped sharply, an inauspicious start for the new government of Prime Minister Keir Starmer who wants to accelerate the pace of growth. Economic output showed no change in month-on-month terms in July, as it …

UK economy stagnates unexpectedly in growth challenge for new government Read More »

(Reuters) -British homeware retailer Dunelm reported annual profit above market expectations on Wednesday and said it had made a solid start to the new fiscal year, helped by strong demand for its furnishings items like bedding and garden furniture. WHY IT’S IMPORTANT The consumer environment remains challenging and there is uncertainty over the timing of …

British retailer Dunelm’s profit beats market views on strong demand Read More »

GDANSK (Reuters) – A company controlled by private equity firm Advent International has placed an about 4% stake in parcel locker firm InPost for 340 million euros ($375.56 million) to institutional investors, a bookrunner said on Wednesday. Advent’s company AI Prime & Cy S.C.A. offered 20 million InPost shares via an accelerated placement at 17 …

Advent International company sells 4% stake in InPost for $376 million Read More »

By Scott Murdoch and Aaditya GovindRao SYDNEY (Reuters) -Britain’s largest real estate portal Rightmove rejected the 5.6 billion pound ($7.32 billion) cash-and-stock takeover proposal from Australia’s REA Group, it said on Wednesday, citing that the bid undervalued its prospects. “The board carefully considered the proposal… and concluded that it was wholly opportunistic and fundamentally undervalued …

Britain’s Rightmove rejects $7.3 billion takeover offer from Murdoch’s REA Group Read More »

LONDON (Reuters) -England captain Harry Kane marked his 100th senior international appearance in trademark fashion with both goals in his team’s 2-0 victory over a feeble Finland side in Nations League Group B2 at Wembley on Tuesday. The 31-year-old Bayern Munich striker, who received a golden cap before kickoff and sported a pair of dazzling …

Soccer-Kane fires double against Finland to mark 100th England cap Read More »

LONDON (Reuters) -Four hopefuls were left in the race to become leader of the Conservatives on Tuesday after centrist former work and pensions minister Mel Stride was knocked out of a race set to shape the future direction of Britain’s once dominant party. The contest to replace former prime minister Rishi Sunak as leader will …

Four hopefuls left in race to lead UK Conservatives, Mel Stride eliminated Read More »

By Andrew MacAskill and Elizabeth Piper LONDON (Reuters) -British Prime Minister Keir Starmer avoided a major rebellion in his party on Tuesday over plans to cut 1.5 billion pounds ($1.96 billion) in winter fuel payments to the elderly after unhappy lawmakers abstained rather than voting against the government. The vote was an important test of …

UK PM Starmer sees off rebellion over cuts to winter fuel payments Read More »

LONDON (Reuters) – Britain’s financial watchdog said on Tuesday it had for the first time charged an individual for unlawfully running crypto ATMs without its registration. London-based Olumide Osunkoya, 45, is accused of operating the ATMs – machines that allow you to buy or convert money into cryptoassets – and processing 2.6 million pounds ($3.4 …

UK financial watchdog charges man with running illegal crypto ATMs Read More »