(Reuters) – British fund manager Jupiter said on Friday it is planning to scrap about a quarter of its product range as the struggling investment house restructures its operations. The group is closing, merging or repositioning about a third of its funds, but said only 4% of its managed assets have been impacted. “We have …
UK fund manager Jupiter plans to axe around a quarter of product range Read More »
By Elizabeth Piper LONDON (Reuters) – Out of power for a matter of months, comeback king Boris Johnson is once again being touted as the new leader of the governing Conservative Party and Britain’s prime minister. The man who was forced to quit as prime minister in July, brought down by some of the very …
Comeback king: Boris Johnson considering a run for UK prime minister Read More »
SYDNEY (Reuters) – A lawyer for WikiLeaks founder Julian Assange said an “urgent political fix” is needed in his case because legal appeals against his extradition to the United States could continue for another decade and his health is declining. Barrister Jennifer Robinson has been on Assange’s legal team for 12 years, and during a …
‘Political fix’ needed for Wikileaks’ Assange – lawyer Read More »
By William Schomberg LONDON (Reuters) – To some Conservatives, Rishi Sunak is the minister who got Britain through the COVID pandemic, to others the traitor who knifed Boris Johnson or the rival to Liz Truss who presciently warned her tax plans would bring chaos. Now he has to weigh up whether he can convince Britain’s …
Prescient or traitor? Rishi Sunak is the favourite to be next UK PM Read More »
By Elizabeth Piper, Andrew MacAskill and Alistair Smout LONDON (Reuters) – Liz Truss quit on Thursday after the shortest, most chaotic tenure of any British prime minister, forced out after her economic programme shattered the country’s reputation for financial stability and left many people poorer. The Conservative Party, which holds a big majority in parliament …
Liz Truss quits after six chaotic weeks as UK prime minister Read More »
LONDON (Reuters) -The London Stock Exchange Group reported a 16.2% rise in third-quarter income on Friday and made no changes to its guidance or targets. Income of 1.905 billion pounds ($2.13 billion) beat a consensus forecast from analysts of 1.881 billion pounds, excluding recoveries. Gross profit in the third quarter rose to 1.696 billion pounds, …
London Stock Exchange Group sticks with targets in quarterly update Read More »
LONDON (Reuters) – British finance minister Jeremy Hunt reiterated on Friday that the government will do “whatever is necessary to get drive down debt in the medium term,” responding to the latest data on public sector finances. “We will do whatever is necessary to get drive down debt in the medium term and to ensure …
UK finance minister Hunt: We will put public finances on sustainable path Read More »
By Sinead Cruise, Elizabeth Howcroft and Lucy Raitano LONDON (Reuters) – Owners of Britain’s largest malls, skyscrapers and industrial hubs face hikes in borrowing costs and a recession that could depress prices by up to a fifth, forcing lenders and investors to reassess their appetite for commercial property. Developed economies globally are grappling with far-reaching …
Analysis-Money market woes cast shadow over $1.6 trln UK commercial property sector Read More »
By Iain Withers and Simon Jessop LONDON (Reuters) – Britain’s biggest domestic bank Lloyds said on Thursday it would not support direct financing to develop new oil and gas fields, joining a small number of lenders to push back on funding expansion of the industry. Lloyds updated its climate policy to make the change, which …
UK’s Lloyds ditches project finance for new oil and gas fields Read More »
LONDON (Reuters) – Britain’s Liz Truss resigned as Conservative Party Leader on Thursday, with the internal party election to replace her as party leader and the nation’s prime minister to be completed next week. The chair of the Conservative Party’s 1922 Committee Graham Brady laid out the rules of the contest on Thursday. Below are …
Factbox-How will the contest to replace Liz Truss as UK prime minister work? Read More »
