Reuters UK Domestic

(Reuters) – British lender Metro Bank said on Monday it was in talks about a potential disposal of residential mortgage loans worth billions of pounds. The size of the portfolio, which is yet to be finalised, could be closer to 4 billion pounds ($5.13 billion) than 3 billion pounds, Sky News said, which first reported …

Metro Bank says it is in talks on potential mortgage portfolio sale Read More »

By Kirstin Ridley LONDON (Reuters) – A former senior Barclays banker, who was acquitted of fraud charges in 2020, challenged Britain’s Financial Conduct Authority (FCA) in a London tribunal on Monday over the FCA’s refusal to authorise him for senior financial positions. A lawyer for Tom Kalaris, a former CEO of Barclays’ wealth arm and …

Ex Barclays banker challenges watchdog in “fit and proper” dispute Read More »

By Mitch Phillips DORTMUND, Germany (Reuters) – Just like the five shots confidently dispatched to beat Switzerland on Saturday, England’s conversion from one of the worst-performing countries in penalty shootouts to the current, confident unit, has nothing to do with luck. England’s penalty problems are well documented and when Gareth Southgate took over as manager …

Soccer-How England changed their penalty mentality Read More »

By Amanda Ferguson BELFAST (Reuters) – Britain’s new Prime Minister Keir Starmer promised on Monday to secure an improved agreement with the European Union on post-Brexit trading rules and revamp the “botched deal” signed by former premier Boris Johnson. Speaking in Belfast after talks with the leaders of Northern Ireland, where post-Brexit trade rules have …

UK can improve ‘botched’ Brexit deal, says Starmer Read More »

LONDON (Reuters) – New finance minister Rachel Reeves announced plans to drive investment into Britain by speeding up the country’s planning system, with the aim of building more houses, unblocking infrastructure projects and developing onshore wind farms. “We are going to get Britain building again,” she said on Monday in her first speech in the …

Factbox-What is Rachel Reeves’ plan to ‘get Britain building again’? Read More »

By Naomi Rovnick LONDON (Reuters) -Big investors are warming to Britain after a landslide election win for its new Labour government but remain wary of placing long term bets until Prime Minister Keir Starmer can convince them his economic growth plans are credible. Sterling, the strongest major currency against the dollar this year, nudged higher …

Investors put UK election winner Labour on credibility watch Read More »

LONDON (Reuters) – Fewer British firms plan to raise their prices in the coming months, according to a survey that will give reassurance to the Bank of England as it considers the possibility of cutting interest rates as soon as next month. In a latest sign of the improving economic picture inherited by new Prime …

Fewer UK companies plan to increase prices, survey shows Read More »

By Andrew Cawthorne (Reuters) – Subjected to racist insults after missing the decisive penalty of England’s shootout defeat in the Euro 2020 final, Bukayo Saka buried that nightmare on Saturday with a superb individual goal and spot-kick success against Switzerland. “To come back from something like that was really difficult. I used that to make …

Soccer-Euro 2020 penalty abuse forgotten, Saka is toast of England Read More »

SYDNEY (Reuters) – Australian Prime Minister Anthony Albanese said on Saturday he had spoken with Britain’s new Prime Minister Keir Starmer after the landslide victory by Starmer’s Labour Party in a general election. “We have a lot to work on together as we grow our economies, advance AUKUS, and seize the opportunities of the global …

Australia’s Albanese speaks with UK’s new PM Starmer Read More »