LONDON (Reuters) -Liz Truss, the frontrunner to replace Boris Johnson as Britain’s prime minister, said she would act immediately to help people cope with surging energy prices that threaten to leave many unable to heat their homes this winter. “I will also deliver immediate support to ensure people are not facing unaffordable fuel bills. I …
UK’s Liz Truss vows “robust” energy bill support for households Read More »
LONDON (Reuters) – British house prices rose at a faster monthly pace in August than in July but the market is set to cool as surging energy prices hit households and the Bank of England pushes up interest rates, mortgage lender Nationwide said on Thursday. House prices last month were 0.8% higher than in July …
UK house prices speed up but slowdown coming, Nationwide says Read More »
LONDON (Reuters) – Barclays has raised 538 million pounds ($623 million) in gross proceeds from the sale of its remaining 7.4% stake in South African lender Absa, completing the British bank’s exit from the continent after more than 90 years. Barclays fetched 169 South African rand ($9.83) per share in an accelerated bookbuild announced on …
Barclays raises $623 million in gross proceeds from Absa exit Read More »
PARIS (Reuters) -Mourners marked the 25th anniversary of Princess Diana’s death in Paris on Wednesday, laying flowers and leaving messages on the bridge above the underpass where she was killed in a car crash. Blooms and pictures of Diana adorned the gold-leaf covered Flame of Liberty, a replica of the torch of the Statue of …
Mourners mark Princess Diana’s death in Paris, 25 years on Read More »
NEW YORK (Reuters) -Former world number one Andy Murray survived an early scare to beat American wildcard Emilio Nava 5-7 6-3 6-1 6-0 at the U.S. Open on Wednesday to move into the third round of a Grand Slam for only the second time in five years. Murray’s victory also marked the first time since …
Tennis-Murray overcomes Nava to move into U.S. Open third round Read More »
LONDON (Reuters) – Prime Minister Boris Johnson will say on Thursday that the recent rise in energy prices was a warning that Britain cannot be left at the mercy of international markets or “foreign despots” to meet its energy needs. Europe is facing massive increases in energy bills driven by rocketing gas prices as Russia’s …
PM Johnson calls for Britain to end its energy dependence on ‘foreign despots’ Read More »
By David Milliken LONDON (Reuters) -British households’ expectations for average inflation over the next five to 10 years hit a record-high 4.8% in August, more than double the Bank of England’s 2% inflation target, a monthly survey from YouGov and U.S. bank Citi showed on Wednesday. The Bank of England is keeping a close eye …
UK long-run inflation expectations hit record 4.8% – Citi/YouGov Read More »
LONDON (Reuters) -British rail staff at two train unions are planning a new round of nationwide strike action on Sept. 15 and 26 over pay, job security and conditions, the latest in a wave of industrial unrest as inflation outpaces pay rises. The Transport Salaried Staffs’ Association (TSSA) said it was pushing for a revised …
Britain’s rail network hit by fresh round of strikes Read More »
LONDON (Reuters) -Queen Elizabeth will break with tradition and appoint Britain’s new prime minister at her Balmoral Castle residence in Scotland, rather than at Buckingham Palace in London, due to mobility issues. A Buckingham Palace spokesperson said on Wednesday the queen would meet outgoing Prime Minister Boris Johnson and his yet-to-decided successor on Sept. 6 …
Britain’s Queen Elizabeth will appoint new prime minister at Balmoral Read More »
LONDON (Reuters) – Australian naval officers will be allowed to train inside British submarines for the first time as they prepare for the arrival of nuclear-powered submarines as part of a new security partnership with Britain and the United States. The alliance, launched last September, prompted Australia to cancel a contract for a conventional French …
Australians to train on British nuclear submarines for the first time Read More »
