LONDON (Reuters) – British fashion group Superdry returned to profit in the year to April 30 but said it was cautious on the near term trading outlook and stressed a need to refinance its borrowings. The company, best known for its sweatshirts, hoodies, jackets and coats, said its current asset backed lending facility of up …
Superdry highlights need for refinancing on return to profit Read More »
LONDON (Reuters) – British house prices fell for the second time in three months in September in month-on-month terms and rising borrowing costs are likely to exert “more significant downward pressure” soon, mortgage lender Halifax said on Friday. House prices fell by 0.1% from August, Halifax said. In annual terms, house prices were 9.9% higher, …
UK house prices fall again as higher borrowing costs weigh-Halifax Read More »
By Sachin Ravikumar, Michel Rose and William James PRAGUE (Reuters) -French President Emmanuel Macron is a friend of Britain, Prime Minister Liz Truss said on Thursday, having declared earlier this year while campaigning to become leader that the jury was out on whether he was a friend or foe. Truss was speaking in Prague at …
France’s Macron is a friend, British PM Liz Truss decides Read More »
By Michael Holden and Sam Tobin LONDON (Reuters) -Britain’s Prince Harry, singer Elton John and other individuals have launched legal action against the publisher of the Daily Mail newspaper, alleging phone-tapping and other breaches of privacy, a law firm for some of the group said on Thursday. Associated Newspapers, publisher of the Daily Mail, The …
Prince Harry, Elton John and others sue UK paper group over privacy breaches Read More »
LONDON (Reuters) – The publisher of the Daily Mail newspaper on Thursday refuted allegations of phone-tapping and other breaches of privacy by a group of individuals including Britain’s Prince Harry and singer Elton John. “We utterly and unambiguously refute these preposterous smears,” a spokesman for the publisher, Associated Newspapers, said. “These unsubstantiated and highly defamatory …
Daily Mail publisher refutes phone-tapping allegations by Prince Harry, others Read More »
By David Milliken LONDON (Reuters) -The Bank of England needs independent budget forecasts to do its work, BoE policymaker Jonathan Haskel said on Thursday, as uncertainty remains over the timing of the next set of forecasts from the Office for Budget Responsibility (OBR). UK finance minister Kwasi Kwarteng announced 45 billion pounds ($50 billion) of …
BoE’s Haskel flags importance of independent budget forecasts Read More »
LONDON (Reuters) – British Prime Minister Liz Truss said on Thursday her attendance at the inaugural gathering of the European Political Community in Prague was not about moving closer to Europe. “This is not about moving closer to Europe. This is about working with Europe on issues that we both face. And we both face …
UK’s attendance at Prague summit ‘not about moving closer to Europe’- PM Truss Read More »
By William James, Iain Withers and Huw Jones LONDON (Reuters) -British finance minister Kwasi Kwarteng told banks on Thursday his department would work closely with the financial sector on mortgage lending, the Treasury said, after market turmoil following his mini-budget led to higher mortgage rates. The budget last month caused wild swings in the sterling …
UK govt to work closely with banks on mortgages after rates jump Read More »
LONDON (Reuters) -Britain’s financial watchdog fined Sigma Broking Ltd 531,000 pounds ($597,000) and banned former directors for reporting failures, including related to suspicious deals, it said on Thursday. Privately-held Sigma did not report or failed to report accurately 56,000 contracts for difference (CFD) deals and failed to identify 97 suspicious transactions or orders, the Financial …
UK watchdog fines Sigma Broking $600,000 for reporting failures Read More »
By Susanna Twidale LONDON (Reuters) -Britain could face three-hour planned power cuts to homes and businesses this winter if it cannot import electricity from Europe and struggles to attract enough gas imports to fuel gas-fired power plants, the National Grid warned on Thursday. The prospect of power cuts comes as Prime Minister Liz Truss on …
Britain could face three-hour power cuts this winter, National Grid warns Read More »
