Reuters UK Domestic

WH Smith reinstates dividends after profit slightly beat estimates

(Reuters) -WH Smith on Thursday reinstated dividends after its annual profit slightly beat market expectations due to a rebound in travel demand from COVID-19 pandemic lows, even as labour strife disrupted business at its shops at train stations. The company, which sells everything from books and sandwiches to Bluetooth headphones, said it would pay a …

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National Grid expects to invest up to 40 billion stg through 2026

(Reuters) -Britain’s National Grid reported a jump in half-yearly profit on Thursday and said it expects to invest up to 40 billion pounds ($45.55 billion) between 2022 and 2026, with a strong focus on decarbonisation of energy networks. The company said underlying operating profit from continuing operations rose 50% to 2.1 billion pounds in the …

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UK ex-minister Harriett Baldwin elected to chair parliament Treasury committee

LONDON (Reuters) – British former junior finance minister Harriett Baldwin was elected chair of parliament’s influential Treasury Committee on Wednesday, promising to hold the government and the Bank of England to account. Baldwin, who worked for two decades at U.S. bank J.P Morgan before being elected to the House of Commons in 2010, succeeds Mel …

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UK boosts support for Ukrainian troops through winter

By Alistair Smout LYDD, England (Reuters) -Britain is stepping up its support for Ukrainian soldiers through the winter, Defence Secretary Ben Wallace told Reuters on Wednesday, following weeks of Ukrainian advances towards the southern city of Kherson. Wallace joined NATO Secretary General Jens Stoltenberg to observe the training of Ukrainian troops in the southeast English …

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FTSE 100 eases as M&S cost warning rattles retailers

By Johann M Cherian (Reuters) -The UK’s blue-chip FTSE 100 index eased on Wednesday as Marks & Spencer’s dire cost outlook rattled retailers, while uncertainty around the outcome of a tightly contested U.S. midterm election kept investors on edge. The index slipped 0.1%, while the domestically-oriented FTSE 250 fell 0.3%. Marks & Spencer dropped 3.4% …

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British PM Sunak to keep pressing Egypt over hunger striker

SHARM EL-SHEIKH, Egypt (Reuters) -British Prime Minister Rishi Sunak said on Wednesday he would keep pressing Egypt over imprisoned Egyptian-British hunger striker Alaa Abd el-Fattah, who has had no contact with his family since he said he would stop drinking water this week. Sunak, who raised the case with Egyptian President Abdel Fattah al-Sisi at …

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