LONDON (Reuters) – Britain’s labour market cooled noticeably last month, with demand for staff and pay growth easing, and staff shortages became less acute, a survey showed on Thursday. The monthly index of demand for staff from the Recruitment and Employment Confederation (REC) trade body and accountants KPMG fell in November to 54.1 from 56.7 …
UK labour market loses more momentum in November: REC survey Read More »
By Jonathan Cable LONDON (Reuters) – The Bank of England will add another 50 basis points to Bank Rate next week and take borrowing costs to 3.50%, despite the economy falling into recession, as it battles inflation running at more than five times its target, a Reuters poll found. As in much of the world, …
Bank of England to add 50 bps to Bank Rate on Dec. 15; peak at 4.25% in Q2: Reuters Poll Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Australian hearing device maker Cochlear’s acquisition of Copenhagen-based Demant’s hearing implants business Oticon is a significant threat to the European market, EU antitrust regulators warned on Wednesday. The European Commission said it would examine the 850-million Danish crown ($120 million) deal even though it is below the turnover …
EU says Cochlear’s Oticon bid a threat to competition, will examine deal Read More »
By Ismail Shakil OTTAWA (Reuters) – The Royal Canadian Mint has produced a special, black-ringed C$2 coin to commemorate Queen Elizabeth, whose death in September triggered a huge outpouring of affection in Canada and sent collectors scrambling to secure rare coins and bills bearing her portrait. The C$2 coin, Canada’s highest denomination coin, which would …
Canada mints special black-ringed ‘toonie’ coin in memory of Queen Elizabeth Read More »
By Michael Holden LONDON (Reuters) – The last year will go down as one of the most seismic in the history of the British royal family with the death of Queen Elizabeth months after she celebrated her record seventh decade as monarch, but 2023 could prove almost as momentous. In February, Elizabeth, who broke pretty …
Another momentous year beckons for Britain’s royal family Read More »
LONDON (Reuters) -Prime Minister Rishi Sunak said on Wednesday he would take more action “to protect the lives and livelihoods” of Britons during months of planned strikes by rail, health and postal workers. Britain, already grappling with industrial action across a range of sectors, now faces strikes by thousands of public-sector nurses in England and …
British PM Rishi Sunak pledges further action on strikes to ‘protect lives’ Read More »
LONDON (Reuters) – British banks should live up to their responsibilities and support mortgage borrowers who are struggling to make payments in the cost of living crisis, finance minister Jeremy Hunt said on Wednesday. Hunt’s comments came after he met with executives from Britain’s biggest high street banks including NatWest, Lloyds, HSBC and Barclays, as …
Banks should ‘live up’ to responsibilities and help mortgage borrowers – Jeremy Hunt Read More »
By Amanda Ferguson BELFAST (Reuters) – Britain and the European Union have made progress on sharing real-time customs data relating to the Northern Ireland protocol but are “not quite there yet” on an issue that could help end their post-Brexit trade row, Ireland’s foreign minister said. Technical talks resumed in October for the first time …
Britain, EU making progress on protocol data sharing, Ireland says Read More »
LONDON (Reuters) – Britain’s Prince Harry and wife Meghan accepted a human rights award at a “Ripple of Hope” gala in New York where they were honoured for addressing racial injustice and mental health. The British royals received the award late on Tuesday from the Robert F. Kennedy Human Rights Foundation which honours leaders across …
Harry and Meghan accept ‘Ripple of Hope’ human rights award Read More »
LONDON (Reuters) – British house prices slid last month by the most since the global financial crisis as the slowdown in the housing market intensified, mortgage lender Halifax said on Wednesday. House prices fell 2.3% month-on-month in November, the biggest drop since October 2008 and following a 0.4% decline in October. Other gauges of house …
UK house prices show biggest drop since 2008: Halifax Read More »
