Reuters UK Domestic

By Ron Bousso LONDON (Reuters) -A British regulator is expected to approve in the coming days a revised plan by Shell to develop a North Sea gas field, which had been initially rejected on environmental grounds, three sources told Reuters. Shell released in March its updated environmental development plans for the Jackdaw field to the …

British regulator poised to approve Shell North Sea gas project -sources Read More »

By Raphael Satter, James Pearson and Christopher Bing WASHINGTON/LONDON (Reuters) – A new website that published leaked emails from several leading proponents of Britain’s exit from the European Union is tied to Russian hackers, according to a Google cybersecurity official and the former head of UK foreign intelligence. The website – titled “Very English Coop …

Russian hackers are linked to new Brexit leak website, Google says Read More »

By David Milliken LONDON (Reuters) -The Bank of England will face a tricky balancing act when it considers future interest rate rises, because of the hit to people’s disposable income being dealt by surging inflation, BoE policymaker Silvana Tenreyro said on Wednesday. The BoE’s mandate required it to look at the likely level of inflation …

Bank of England faces fine balance when setting rates -Tenreyro Read More »

LONDON (Reuters) – British Finance Minister Rishi Sunak will set out more details on Thursday of the government’s response to growing cost of living pressures facing households, a spokesperson for his department said. “The Chancellor was clear that as the situation evolves, so will our response, with the most vulnerable being his number one priority. …

UK government to set out details of cost of living support on Thursday -spokesperson Read More »

By Kirstin Ridley LONDON (Reuters) -Volkswagen will pay 193 million pounds ($242 million) as part of an out-of-court settlement to around 91,000 British drivers over a diesel emissions scandal that engulfed Europe’s largest carmaker in 2015. Volkswagen (VW) on Wednesday again apologised to customers in England and Wales as it pledged to rebuild trust. “The …

Volkswagen in $242 million UK ‘dieselgate’ settlement Read More »

LONDON (Reuters) -The acquisition of Britain’s biggest microchip factory Newport Wafer Fab by Chinese-owned technology company Nexperia has been called in for a full national security assessment, Business Secretary Kwasi Kwarteng said on Wednesday. “We welcome overseas investment, but it must not threaten Britain’s national security,” Kwarteng said on Twitter. Prime Minister Boris Johnson said …

UK orders national security assessment of sale of microchip factory to China’s Nexperia Read More »

By James Davey LONDON (Reuters) -British retailer Marks & Spencer will pull out of Russia altogether and joined rivals in warning about the outlook for the current year amid a worsening cost-of-living crunch. The 138-year-old clothing and food company ceased shipments to Russia in March and it said on Wednesday it would get out of …

Britain’s M&S pulls out of Russia and warns on outlook Read More »

LONDON (Reuters) – Bank of England Chief Economist Huw Pill said he thought more interest rate hikes would be needed but that the central bank is conscious too much would leave the economy stuck in recession, in an interview published on Wednesday. “(Too) much runs the risk that you fall into and get stuck in …

BoE’s Pill thinks more rate hikes needed but wary of recession – Western Mail Read More »

(Reuters) -Pets At Home’s customers continue to spend more on their four-legged companions despite a worsening cost-of-living crunch in Britain, as the retailer wins market share by making pet care more affordable, it said on Wednesday. Britain’s largest pet supplies retailer, which has more than 450 stores, reported an underlying profit before tax of 144.7 …

Britain’s Pets At Home wins market share as owners pamper furry friends Read More »