Reuters UK Domestic

By Huw Jones LONDON (Reuters) – Britain’s finance minister Rishi Sunak on Thursday called on the country’s financial regulators to pay heed to the country’s new energy strategy when it comes to regulating banks and investment firms, a step campaigners said contradicts the push to a net-zero economy. Britain has published its latest energy strategy …

UK finance regulators should pay heed to energy security policy, says Sunak Read More »

LONDON (Reuters) – Shell said on Thursday it diverted $7 billion of its cash flows partly to cover hefty oil and gas margin calls, becoming the first company to publicly acknowledge the pressure commodities traders have faced in 2022 from extreme price rises and volatility. Shell, together with other majors, utility companies, trading houses and …

Shell blames oil, gas margin calls for billions in cash outflows Read More »

LONDON (Reuters) -BT, Britain’s biggest broadband and mobile operator, faces possible industrial action after the Communication Workers Union (CWU) rejected a consolidated pay rise of 1,500 pounds ($1,961) for its frontline workers. BT has about 58,000 frontline staff. It said the award was focused on its lowest-paid workers, equating to an increase of around 8% …

UK’s BT faces possible industrial action after union rejects pay offer Read More »

LONDON (Reuters) – Russian artillery and air strikes are continuing along the Donbas line of control, British military intelligence said on Thursday in an update on Moscow’s invasion of Ukraine. The Ministry of Defence said on Twitter the main focus of Russian forces was to progress offensive operations in eastern Ukraine. (Reporting by Muvija M; …

UK says Russian artillery, air strikes continue along Donbas line of control Read More »

By Tim Hepher LONDON (Reuters) – Airbus and Qatar Airways are set to face each other in court as a dispute over billions of dollars of jets enters a theatrical phase and rattles some airline leaders. The Gulf carrier will on Thursday ask a UK judge to extend an order that prevents Airbus revoking a …

Airbus, Qatar jetliner feud enters UK court spotlight Read More »

By Ron Bousso LONDON (Reuters) – Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading activities in the first quarter, the company said on Thursday. The post-tax impairments of between $4 billion and $5 billion in the first …

Shell raises Russia writedown to as much as $5 billion Read More »

LONDON (Reuters) – British business minister Kwasi Kwarteng said on Thursday the government’s new energy strategy should help to reduce consumer energy bills within the next few years, as the cost of renewable resources fall. Asked how long it would take for the new strategy to have an impact, he said: “I think the impact …

UK business minister says energy strategy could reduce bills soon Read More »

LONDON (Reuters) -British house prices grew strongly again in March but there are big questions about whether this can continue later in the year, mortgage lender Halifax said on Thursday. House prices grew by 1.4% month-on-month in March, the biggest rise in six months, the ninth consecutive month of increases and following a 0.8% rise …

UK house prices surge but inflation squeeze clouds outlook – Halifax Read More »

By Kirstin Ridley and Simon Jessop LONDON (Reuters) – A push by Britain to toughen up corporate environmental disclosures will cast a spotlight on climate change dawdlers as campaigners increasingly turn to the courts to force a speedier transition to a low-carbon economy. Almost 2,000 climate change-related lawsuits have been launched around the world to …

Analysis-As tougher climate disclosures hit, campaigners scour for laggards Read More »