Reuters UK Domestic

Cineworld shares slump on report bankruptcy filing is being prepared

(Reuters) -Cineworld Group, the world’s second largest cinema chain operator, is preparing to file for bankruptcy, the Wall Street Journal reported on Friday, just days after warning that a lack of blockbusters would hit its liquidity in the near term. Cineworld declined to comment on the WSJ report. Shares in the London-listed company slumped more …

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Soccer – Deep pockets needed to persuade Glazers to sell United

By Simon Evans MANCHESTER, England (Reuters) – British billionaire Jim Ratcliffe’s interest in buying Manchester United has raised the hopes of the club’s supporters that their American owners, the Glazer family, might now sell the club and pave the way for a return to glory on the field. Whether that happens will depend on three …

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UK cost-of-living crisis prompts warning to ‘buy now, pay later’ lenders

By Huw Jones LONDON (Reuters) – Britain’s financial watchdog has told firms offering ‘buy now, pay later’ loans to spell out the cost of late repayments to customers as the UK cost-of-living crisis intensifies. Companies like Klarna led the way in offering on-the-spot, interest-free, short-term loans to customers which spread repayments for buying goods like …

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Britain signs up old coal units as back-up in case of winter power crunch

LONDON (Reuters) -Britain is turning to old coal-fired power units as a “last resort” in case other sources cannot provide enough electricity through the winter as the country faces a wider energy crisis. Several European governments have requested that back-up power be made available from idled coal plants or those due to close due to …

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UK budget think tank warns future PM against big tax cuts

By David Milliken LONDON (Reuters) – Britain’s next prime minister will not have room to make large, permanent tax cuts, the Institute for Fiscal Studies said on Thursday, challenging the plans of the two Conservative candidates vying to succeed Boris Johnson as prime minister. Foreign Secretary Liz Truss wants to reverse more than 30 billion …

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