Reuters UK Domestic

LONDON (Reuters) – The London Stock Exchange said on Tuesday it will stop trading in two global depository receipts (GDRs) for Russia’s VTB Bank after Britain’s financial regulator suspended them in response to sanctions. “Accordingly, the exchange has suspended the admission to trading of these securities with immediate effect,” the LSE said in a statement. …

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LONDON (Reuters) – British asset manager abrdn reported a 47% rise in 2021 operating profit to 323 million pounds ($433.53 million), it said on Tuesday, helped by strong market performance and in line with analysts’ estimates. Assets under management and administration rose 1% to 542 billion pounds. Asset managers and insurers have been reporting healthy …

Asset manager abrdn posts 47% jump in 2021 profit as markets rise Read More »

LONDON (Reuters) – Britain’s competition regulator cleared Brookfield’s proposed acquisition of a minority stake in Scotia Gas Networks (SGN) without referring the $1.7 billion deal to a lengthy investigation. Britain’s SSE in August agreed to sell its entire 33.3% stake in Scotia Gas Networks (SGN) to a Canadian consortium formed by Ontario Teachers’ Pension Plan …

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LONDON (Reuters) – Britain’s deputy prime minister said on Tuesday that anyone engaging in war crimes in Ukraine would be held to account. “This is turning into a much much more perilous misadventure for Putin than I think he realised,” Dominic Raab told Sky News. “I think we’ve been very clear that those that engage …

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(Reuters) – Shell Plc appointed Sinead Gorman as its finance chief, replacing Jessica Uhl who has been in the role for five years, the oil major said on Tuesday. Gorman, who is currently the executive vice-president, finance, in Shell’s global upstream business, will assume the role on April 1, after Uhl steps down at the …

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By Kylie MacLellan, William James and Elizabeth Piper LONDON (Reuters) -Prime Minister Boris Johnson unveiled Britain’s largest-ever package of sanctions against Russia on Thursday, targeting banks, members of President Vladimir Putin’s closest circle and wealthy Russians who enjoy high-rolling London lifestyles. Western nations are coordinating action to impose tough sanctions against Russia in response to …

PM Johnson unveils UK’s largest-ever sanctions against Russia Read More »

LONDON (Reuters) – Russia’s Aeroflot was banned from flying to the United Kingdom on Thursday after President Vladimir Putin ordered an invasion of Ukraine. Prime Minister Boris Johnson announced the ban in parliament and the UK Civil Aviation Authority said it had suspended Aeroflot’s foreign carrier permit. “This means that Aeroflot will not be permitted …

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By Tommy Wilkes and John McCrank LONDON/NEW YORK (Reuters) – Russian banks will be “totally” excluded from Britain’s financial system, Prime Minister Boris Johnson said on Thursday, as the UK unveiled the first set of tougher Western sanctions following Russia’s invasion of Ukraine. The measures target Russian banks, including the biggest, as well as members …

Explainer-Russian banks face exclusion from London Read More »

By William Schomberg LONDON (Reuters) -British finance minister Rishi Sunak underscored his faith in low taxes on Wednesday ahead of an increase in social security contributions in April that will take the government’s tax take to the highest since the 1950s. “I firmly believe in lower taxes,” Sunak, widely seen as a possible future prime …

Sunak extols lower taxes as UK tax burden heads for 70-year high Read More »