(Reuters) – British Prime Minister Rishi Sunak is expected to put off the proposed privatisation of publicly-owned broadcaster Channel 4, Financial Times reported on Friday. The Prime Minister’s office has signalled the decision to drop the sale to the TV industry and parliament as he reviews campaign pledges and decides whether it is the right …
British PM Sunak expected to shelve plans to privatise Channel 4 -FT Read More »
LONDON (Reuters) – Britain’s Prince William on Friday unveiled the finalists for his Earthshot prize, which awards 1 million pounds ($1.12 million) each to five winners developing solutions to major environmental problems. The 15 finalists across five categories range from a Kenyan startup that makes cleaner-burning stoves to a city-wide recycling initiative in Amsterdam. The …
Britain’s Prince William unveils finalists for Earthshot environmental prize Read More »
LONDON (Reuters) -Britain’s government is considering cutting the tax-free allowance for dividend income, Bloomberg reported on Thursday, before a Nov. 17 budget. The report, citing two officials familiar with the matter, added that finance minister Jeremy Hunt was looking at cutting the amount shareholders can earn in dividends before they begin paying tax from the …
UK considers cutting tax-free dividend allowance, increasing capital gains tax -media Read More »
By Sam Tobin (Reuters) – Britain’s biggest retailer Tesco can argue at trial that discount supermarket Lidl applied for trademarks for a yellow circle against a blue background in “bad faith” after a London court on Wednesday allowed its appeal. Tesco filed a counterclaim against Lidl in 2021, in response to its German-owned rival’s lawsuit …
Tesco wins appeal in trademark fight with Lidl in UK court Read More »
By Iain Withers LONDON (Reuters) -Britain’s biggest domestic bank Lloyds has offered UK staff a minimum 2,000 pounds ($2,242) pay rise, a source with knowledge of the talks told Reuters, as lenders and employees across the sector begin annual pay talks that could see wage bills soar. Companies across Britain are weighing how much to …
UK’s Lloyds Bank offers staff 2,000 pounds minimum pay rise Read More »
LONDON (Reuters) – Investors trimmed their bets on the peak for British interest rates on Thursday after the Bank of England told them their expectations were too high, as it raised borrowing costs by their most since 1989. The BoE increased Bank Rate to 3% from 2.25% even as it said Britain’s economy might not …
Investors trim bets for peak Bank of England rate Read More »
By David Milliken and Andy Bruce LONDON (Reuters) – The Bank of England raised interest rates by the most since 1989 on Thursday but warned investors that the risk of Britain’s longest recession in at least a century means borrowing costs are likely to rise less than they expect. The BoE increased Bank Rate to …
Bank of England raises rates by most since 1989 even as long recession looms Read More »
By Johann M Cherian (Reuters) – Britain’s exporter-heavy FTSE 100 share index closed higher on Thursday as the pound extended falls after the Bank of England lifted interest rates but indicated rates would go up less in future than markets expect now. The FTSE 100 closed a volatile session 0.6% higher after the BoE raised …
LONDON (Reuters) – Britain’s King Charles will not go to the COP27 U.N. climate summit in Egypt as new Prime Minister Rishi Sunak has not been in office long enough for the logistics to be arranged for the monarch to go, Sunak’s spokeswoman said on Thursday. Buckingham Palace and Downing Street have said that there …
Logistics meant King Charles could not go to COP27, Sunak’s spokeswoman says Read More »
By Michael Holden LONDON (Reuters) – One of those killed in a suicide bomb attack at a concert in the English city of Manchester in 2017 would probably have survived if the response by the emergency services had not been so flawed, an inquiry concluded on Thursday. Twenty-two people – the youngest aged just eight …
Victim could have survived UK bomb attack but for flawed response, inquiry says Read More »
