(Removes ‘to’ from headline) By Huw Jones LONDON (Reuters) -Staff at Britain’s Financial Conduct Authority (FCA) went on strike for the first time on Wednesday as a protracted dispute over pay and union recognition remained unresolved. The regulator is being revamped to become what Chief Executive Nikhil Rathi has said will be a more aggressive …
Staff at UK markets watchdog begin unprecedented strike Read More »
LONDON (Reuters) – London’s long-delayed Crossrail will open on May 24, Transport for London said on Wednesday, with 12 trains per hour initially running through the middle section of the line. Crossrail, which has been renamed the Elizabeth line, will run east to west connecting London’s Canary Wharf financial district with Heathrow Airport. It has …
By Nick Carey and Shanima A (Reuters) – Aston Martin Lagonda on Wednesday named former Ferrari NV boss Amedeo Felisa as its new chief executive officer as the British luxury carmaker works on emulating the Italian carmaker’s success and electrifying its brand. Felisa will take over with immediate effect from Tobias Moers, who joined the …
Aston Martin taps former Ferrari boss Felisa for CEO Read More »
DUBLIN (Reuters) – Paddy Power, Betfair and FanDuel owner Flutter said the cost of living crisis in its main UK and Ireland market is not putting customers off gambling as further rapid growth in the United States pushed first-quarter revenues up 6%. Shares in the world’s largest online betting firm jumped by over 5% on …
Flutter says UK inflation not hitting gambling as U.S. booms Read More »
(Reuters) -Cineworld said on Wednesday it had approached former dissenting shareholders of its U.S. division Regal Entertainment to further delay payment obligations, as the British cinema chain operator looks to boost its liquidity. The world’s second-largest movie theatre operator last year said it would pay $170 million to Regal shareholders, who were disgruntled with the …
Cineworld looks to further delay payments to former Regal shareholders Read More »
(Reuters) -British pub group J D Wetherspoon expects to “break even” in the current financial year if there are no further COVID-19 restrictions, while warning on Wednesday of rising cost pressures from labour and energy. The London-listed chain, which runs more than 800 pubs in the United Kingdom and Ireland, said it had returned to …
British pub group Wetherspoon aims to ‘break even’ this year Read More »
LONDON (Reuters) – UK-focused equity funds saw record outflows of 836 million pounds ($1.05 billion) in April due to a weak economic outlook for Britain, fund network Calastone said on Wednesday. UK-based funds focused on North America also saw their second-highest outflows on record at 285 million pounds, Calastone said, as investors worry about inflation …
UK equity funds see record $1 billion outflows in April-Calastone Read More »
By James Davey LONDON (Reuters) – Britons are buying less meat, fish and poultry as they look to save cash, amid a worsening cost of living crisis. Market researcher NielsenIQ said on Wednesday, volume sales of meat, fish and poultry fell 13% in the four weeks to April 23 year-on-year, a period that included the …
Britons cut back on meat and fish as cost of living crisis bites Read More »
By Amanda Ferguson and Clodagh Kilcoyne BELFAST (Reuters) – Sinn Fein, the former political wing of the IRA, is on course to become the biggest party in Northern Ireland’s government after Thursday’s election, a milestone in its quest for a united Ireland. The one-time political pariah has an 8-point advantage ahead of the May …
Sinn Fein eyes milestone election victory in push for Irish unity Read More »
By Jessica DiNapoli and Richa Naidu NEW YORK/LONDON (Reuters) – The makers of brand-name products such as Tide detergent and Kraft Macaroni & Cheese are bolstering their defenses against store-brand rivals like Walmart Inc’s Great Value products as shoppers’ budgets start to show signs of strain due to persistent inflation. Executives at Clorox Co said …
