By Lucy Raitano LONDON -Britain’s pound weakened against the dollar on Wednesday, ending a six-day rally but avoiding recent lows as British Prime Minister Liz Truss sought to overcome a chaotic first month in office with her speech to the annual Conservative party conference. Truss urged Conservatives to stick together and help transform the economy …
Sterling softens after UK PM Truss speech, stronger dollar weighs Read More »
(Removes ‘buys’ from headline) LONDON (Reuters) – The Bank of England rejected all the gilts it was offered at its daily reverse auction for long-dated British government bonds for a second consecutive day, pushing gilt futures to a day’s low. The BoE bought none of the 413.6 million pounds ($467 million) of gilts with maturities …
BoE rejects all gilts at buy-back for second day Read More »
LONDON (Reuters) -British finance minister Kwasi Kwarteng is expected to meet major high street banks later this week, Sky News reported on Wednesday, saying Barclays, Lloyds Banking Group and NatWest were among those due to attend. The Sky report said that the meeting was planned for Thursday, and that Kwarteng was expected to “quiz lenders …
UK finance minister to meet banks after market chaos – Sky News Read More »
(Reuters) -British airline Virgin Atlantic on Wednesday decided to suspend its Heathrow-Hong Kong services, close its Hong Kong office and not resume flights in March 2023, after 30 years in the Asian city due to issues related to the closure of Russian airspace. Moscow’s invasion of Ukraine has led several airlines, which were already reeling …
Virgin Atlantic drops Hong Kong route after nearly 30 years Read More »
LONDON (Reuters) – A scheme capping gas and electricity prices for British households for the next two years could cost up to 140 billion pounds ($159 billion) in an extreme scenario, analysts at Cornwall Insights said on Wednesday. Britain last month announced the price guarantee to help shield consumers from record energy prices amid soaring …
LONDON (Reuters) – A man accused of making a threat to kill the late Queen Elizabeth after being arrested at her Windsor Castle home on Christmas Day last year will go on trial next year, London’s Old Bailey Court heard on Wednesday. Jaswant Singh Chail, 20, who has been charged under Britain’s Treason Act, is …
Trial date set for man accused of threatening to kill Queen Elizabeth Read More »
(Reuters) – England’s Wayne Barnes will become just the second referee to reach a century of tests when he takes charge of Wales v New Zealand on Nov. 5 before he surpasses Nigel Owens with a record 101st match the following week, World Rugby said on Wednesday. Barnes will set the new mark on Nov. …
Rugby-Barnes to take charge of record 101st test in November Read More »
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest retailer, forecast full-year profit at the lower end of its previous guidance, blaming uncertainty over how a worsening cost-of-living crisis would affect consumer spending. Confidence among Britain’s shoppers sank to a record low last month as they struggle with soaring inflation – even before the government’s new …
Tesco lowers profit sights as British shoppers face squeeze Read More »
By Mitch Phillips LONDON (Reuters) – While most teams at the women’s Rugby World Cup will arrive with various levels of hope, England will fully expect to cruise to the final and another probable showdown with New Zealand, the only side who look capable of beating them. The teams have contested four of the last …
Rugby-England travel to World Cup in expectation, not hope Read More »
LONDON (Reuters) – Foreign minister James Cleverly said on Wednesday Britain was listening carefully to nuclear threats made by Russian President Vladimir Putin but that Putin had a long history of “sabre-rattling”. Asked whether Russian nuclear threats had to be taken seriously, Cleverly told BBC radio: “We always listen carefully … to what Vladimir Putin …
UK foreign minister Cleverly: Putin has long history of sabre-rattling Read More »
