LONDON (Reuters) – Hundreds of workers at the port of Liverpool, one of Britain’s largest container ports, will take two more weeks of strike action over pay and jobs, the Unite trade union said on Friday. Nearly 600 workers in the port will walk out from Oct. 24 to Nov. 7, Unite said. (Reporting William …
UK’s Liverpool port workers plan two more weeks of strikes over pay – union Read More »
By Jennifer Rigby LONDON (Reuters) – England’s National Health Service has drafted new guidelines for treating transgender youth that would call for local authorities to be alerted in some cases where young people have obtained puberty blockers and hormone therapies on the private market, according to a copy of the guidelines reviewed by Reuters. …
Exclusive-NHS drafts stricter oversight of trans youth care Read More »
LONDON (Reuters) -Investors piled cash into sterling money-market funds at more than three times their usual rate during the recent turbulence in British bond markets, and pension funds likely made up the bulk of those inflows, Fitch Ratings said on Friday. The government’s “mini-Budget” on Sept. 23 triggered some of the biggest ever jumps in …
UK bond market chaos sends investors fleeing into into money-market funds-Fitch Read More »
(Reuters) – British makeup group Revolution Beauty said on Friday Executive Chairman Tom Allsworth and Chief Executive Officer Adam Minto will step away from day-to-day management temporarily to allow them to support an independent accounting probe. The decision to step away was a voluntary agreement, and not a result of any matter arising from the …
UK makeup group Revolution Beauty’s top bosses to temporarily step down Read More »
(Reuters) – Sub-prime lender Amigo Holdings Plc has received approval from Britain’s financial regulator to return to lending under certain conditions, the company said on Thursday, nearly two years after it ceased lending. The Financial Conduct Authority (FCA) ruled in a letter to Amigo that the group could resume lending on a “pilot basis”, which …
Amigo gets UK regulator’s approval to resume lending Read More »
By William Schomberg and Muvija M LONDON (Reuters) -British Prime Minister Liz Truss is considering reversing more of her government’s controversial “mini-budget”, some media reported on Thursday, setting off a rally for the battered pound and British government bonds. Discussions were under way in Downing Street over whether to scrap elements of the plan which …
UK’s Truss thinking of new tax policy U-turn, media reports say Read More »
By Sinead Cruise and Tommy Wilkes LONDON (Reuters) – A Bank of England fix to ease pension schemes’ cash crunch by getting banks to assume the role of rescue lender is being shunned by some of the biggest banks, who say the returns on offer do not reward the risks involved, sources said. The BoE’s …
BoE’s repo facility to ease pension pain is no silver bullet, sources say Read More »
LONDON (Reuters) – The clearing house of the London Metal Exchange (LME) ran down nearly its entire default fund under a stress test of its base metals service, the Bank of England said on Thursday. The LME was forced to halt nickel trading and cancel trades in early March after prices doubled to more than …
LME clearing house runs down default fund in BoE stress test Read More »
By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) -PIMCO, one of the world’s largest asset managers, said on Thursday it was avoiding large positions on UK debt and hoped that the government would return to the medium-term fiscal framework that it said has worked over the last 20 years. British government bonds, known as gilts, …
PIMCO global CIO doesn’t want big positions on UK debt Read More »
LONDON (Reuters) – British finance minister Kwasi Kwarteng refused to say on Thursday if he would stick with his plan not to raise business taxes as media reported Prime Minister Liz Truss was rethinking an economic programme that plunged markets into turmoil. Truss is under pressure to change tack on the package that has roiled …
