Reuters UK Domestic

LONDON (Reuters) -Europe’s industry body for securities and derivatives exchanges said on Wednesday its board has voted unanimously to exclude the Moscow Exchange. The European Union, Britain, Switzerland and elsewhere have introduced financial sanctions in response to Russia’s invasion of Ukraine. “The Federation of European Securities Exchanges utterly condemns the Russian-led invasion of Ukraine. Our …

European exchanges body votes to exclude Moscow Exchange Read More »

LONDON (Reuters) -British online fashion retailers ASOS and Boohoo have both suspended sales in Russia after Russia’s invasion of Ukraine, joining a growing list of companies shunning the country. “Against the backdrop of the continuing war, ASOS has decided that it is neither practical nor right to continue to trade in Russia,” an ASOS spokesperson …

UK online fashion retailers ASOS, Boohoo suspend sales in Russia Read More »

LONDON (Reuters) – Russian President Vladimir Putin’s invasion of Ukraine will become more brutal, British defence minister Ben Wallace said on Wednesday. “Anyone who thinks logically would not do what he (Putin) is doing, so we are going to see … his brutality increase,” Wallace told LBC radio. “He doesn’t get his way, he surrounds …

UK predicts increasingly brutal approach from Russia’s Putin – LBC Read More »

(Reuters) – British bus and rail operator Stagecoach said on Wednesday regional journeys during the first half of February totalled 70%-78% of pre-pandemic levels, after Omicron restrictions were eased in January. Stagecoach, which is set to be bought by National Express in a roughly $590 million deal, projected a further recovery in demand after April, …

Britain’s Stagecoach says Feb demand nearly 80% of pre-pandemic levels Read More »

LONDON (Reuters) -British house prices surged again in February, the latest sign of strength in the housing market despite the expiry of tax breaks on property purchases and a worsening cost-of-living squeeze, a survey showed on Wednesday. Mortgage lender Nationwide said house prices jumped 1.7% month-on-month after a 0.8% rise in January, the strongest reading …

UK house prices surge again in February – Nationwide Read More »

(Reuters) -Britain’s second-largest homebuilder Persimmon Plc said on Wednesday it expected to build 4-7% more homes in 2022, riding on strong housing demand, after the firm posted a 23% rise in annual profit. UK homebuilders have forecast the undersupplied housing market to stay resilient even though Britain in January saw inflation rise at its fastest …

UK’s Persimmon targets volume growth in 2022 after profit rise Read More »

LONDON (Reuters) – British insurer Aviva will return 4.75 billion pounds ($6.31 billion) to shareholders, it said on Wednesday, as it reported a 10% drop in 2021 operating profit. Aviva had previously said it would give back at least four billion pounds to investors following a string of disposals. Activist investor Cevian has sought five …

Aviva returns 4.75 billion stg to shareholders as profit falls 10% Read More »

LONDON (Reuters) – British shoppers were hit last month by the biggest price rises from major retailers since 2011, according to a survey that adds to signs of fast-rising inflation which the Bank of England is trying to tackle with higher interest rates. The British Retail Consortium said on Wednesday that shop prices rose by …

UK retailers raise prices by most since 2011 – BRC Read More »

LONDON (Reuters) – Britain said on Tuesday it was pledging another 80 million pounds ($106.5 million) towards aid for Ukraine to help it tackle a growing humanitarian crisis. The extra funding brings British support for Ukraine to 220 million pounds, the government said. Of this 120 million pounds is earmarked for aid and the other …

UK pledges extra 80 million pounds in aid to Ukraine Read More »