Reuters UK Domestic

By Marie-Louise Gumuchian LONDON (Reuters) – Britain’s Damien Hirst started burning hundreds of his artworks on Tuesday after collectors chose to keep their non-fungible tokens (NFTs), blockchain-based assets representing their digital images, instead. Hirst, who found fame amid the 1990s Young British Artist scene, launched his first NFT collection “The Currency” – 10,000 NFTs corresponding …

Damien Hirst burns artworks after collectors pick their NFTs instead Read More »

LONDON (Reuters) -UK pension fund trustees should step up engagement with investment managers to quantify funding gaps and risks prior to the end of the Bank of England’s (BoE) emergency bond-buying scheme on Oct. 14, The Pensions Regulator said on Wednesday. UK pension funds are racing to raise sufficient cash to meet hundreds of billions …

UK pensions sector must move quickly as BoE deadline looms – regulator Read More »

By Samuel Indyk LONDON (Reuters) – The British pound edged higher on Wednesday after the Bank of England affirmed its commitment to end its emergency bond buying programme as scheduled on Friday, even as reports signalled they could extend purchases should market conditions warrant. The Financial Times reported that the Bank of England (BoE) has …

Sterling choppy as BoE sends mixed messages Read More »

LONDON (Reuters) -Britain has set out plans for a temporary revenue limit on low-carbon electricity generators, which the industry said was a “de-facto windfall tax” on renewable energy producers. Gas prices have rocketed across Europe and Britain following Russia’s invasion of Ukraine, which have in turn driven up the cost of electricity. Electricity prices are …

Britain plans ‘de-facto windfall tax’ on low-carbon energy producers Read More »

By Aby Jose Koilparambil (Reuters) -Britain’s largest homebuilder Barratt Developments reported on Wednesday a plunge in reservations in recent weeks as a deepening cost-of-living crisis and soaring mortgage rates hit the housing market hard. The company’s shares fell 7% in early trade, dragging down those of its peers, as it warned of a “less certain” …

Barratt says UK house reservations drop as mortgage rates surge Read More »

By Will Dunham (Reuters) -Angela Lansbury, the British-born actress whose career spanned eight decades and produced indelible portraits of a wide range of characters from villainesses to sleuths and light comic roles in movies, on stage and on television, died at age 96, her family said on Tuesday. Lansbury, who played a crime-solving mystery writer …

‘Murder, She Wrote’ actress Angela Lansbury dead at age 96 Read More »

WASHINGTON (Reuters) -Bank of England Governor Andrew Bailey told pension fund managers to finish rebalancing their positions by Friday when the British central bank is due to end its emergency support programme for the county’s fragile bond market. “We have announced that we will be out by the end of this week. We think the …

Bank of England’s Bailey tells pension funds they have 3 days to rebalance Read More »