By Natalie Thomas BURNLEY, England (Reuters) – Skipping lunch each day and watching television in blankets to keep warm is not how Ann and Keith Hartley envisaged their retirement in Burnley, the northern English town hit hardest by Britain’s cost of living crisis. Now in their 70s, the Hartleys are even rationing cups of tea …
In Burnley, Britain’s cost of living crisis hits home Read More »
LONDON (Reuters) – Britain’s foreign minister James Cleverly on Tuesday said Russia’s latest missile strikes across cities in Ukraine showed President Vladimir Putin’s weakness. “The callous targeting of Ukrainian cities with more sickening missile attacks today shows only Putin’s weakness,” Cleverly said in a tweet. “Putin is losing on the battlefield and – as we …
UK foreign minister condemns targeting of Ukrainian cities by Russian missiles Read More »
LONDON (Reuters) -Lloyds Banking Group has appointed HSBC’s head of strategy Chirantan Barua as Chief Executive Officer of Scottish Widows and its wider insurance, pensions and investments business, it said on Tuesday. Barua will join Charlie Nunn, his former HSBC colleague and current Lloyds chief executive at the British bank from next year, Lloyds said. …
Lloyds appoints HSBC executive Chirantan Barua as CEO of insurance businesses Read More »
By Sam Tobin LONDON (Reuters) – A lawsuit accusing the British government of refusing to acknowledge that jailed Biafran separatist leader Nnamdi Kanu was the victim of extraordinary rendition to Nigeria began at a court in London on Tuesday. The hearing in the case, brought by Kanu’s brother, comes after Nigeria’s Court of Appeal on …
Biafran separatist leader’s brother challenges UK in London court Read More »
By Amanda Cooper LONDON (Reuters -The pound hit three-month highs against the dollar on Tuesday, after last month’s U.S. producer inflation rose less than expected, although there was a degree of caution among sterling investors ahead of the UK government’s budget this week. The rise in U.S. prices at the farm and factory gate was …
Sterling hits 3-month high after U.S. wholesale inflation dents dollar Read More »
By Huw Jones LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) on Tuesday called on lawmakers to show their support for its unpopular decision not to grant licences to scores of crypto exchanges like FTX, which has just collapsed. The FCA has come under pressure as 85% of licence applications from crypto trading firms have …
UK financial watchdog urges political support for crypto bans Read More »
LONDON (Reuters) – Some British supermarkets have started to ration customers’ purchase of eggs after supplies were disrupted by avian flu. Britain is facing its largest-ever outbreak of bird flu and is seeing rapid escalation in the number of cases on commercial farms, impacting eggs supply and also raising fears of a shortage of turkeys …
Eggs rationing at some British supermarkets as avian flu hits supply Read More »
LONDON (Reuters) -British foreign minister James Cleverly said on Tuesday he did not yet see a route for the resolution of problems with post-Brexit trade rules for Northern Ireland. Cleverly told a committee of lawmakers that while there was a better atmosphere around talks with the European Union on the so-called Northern Ireland protocol, it …
UK foreign minister: don’t yet see route through N. Ireland protocol issues Read More »
By Huw Jones LONDON (Reuters) -The near meltdown in Britain’s pension sector after government bond yields rocketed in September showed how investment funds need ‘death plans’ like banks, the UK Financial Conduct Authority said on Tuesday. Liability-driven investment (LDI) funds, which help pension funds meet future payouts, struggled to meet collateral calls totalling billions of …
LDI crisis shows need for investment fund ‘death plans’ – UK regulator Read More »
LONDON (Reuters) -British Prime Minister Rishi Sunak said on Tuesday his government would take the time to get free trade agreements with other nations right, and not sacrifice quality for speed in future trade deals under his post-Brexit trade policy. Sunak was asked about comments by a former minister criticising Britain’s trade deal with Australia, …
UK PM Sunak: I won’t sacrifice quality for speed in trade deals Read More »
