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UK

Finance

Bank of England allots record 75.65 billion pounds at short-term repo operation

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The BoE has increasingly used its short-term repo operations as a way to provide banks with reserves International News via Reuters: The Bank of England on...
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UK’s FCA investigates energy company Drax over biomass sourcing disclosures

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Drax has faced criticism from environmental groups about sourcing wood from Canadian forests International News via Reuters: Britain's financial watchdog is investigating Drax Group's biomass sourcing...
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Personal details of Church of England abuse victims leaked, say survivors

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The Church – central to 85 million Anglicans worldwide – approved an independent redress scheme for victims when its governing body met in February International...
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HSBC UK restores banking services after outage

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British lawmakers reported in March this year that nine top UK banks and building societies suffered at least 803 hours of unplanned tech and...
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UK to compensate Kenyans for 2021 fire caused by army drill

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The British army conducts joint exercises with Kenya in the northern Laikipia region International News via Reuters: The UK has agreed to pay 2.9 million pounds...
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UK producer price inflation rises to two-year high in June

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Wednesday's figures represent interim data before regular publication resumes in October International News via Reuters: British producer output price inflation rose to a two-year high of...
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Thames Water, battling to avoid administration, agrees fine payment plan

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Under the deal agreed with regulator Ofwat, almost 100 million pounds of what Thames Water owes could be delayed until 2030 International News via Reuters: Britain's...
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Millions of Britons face higher energy bills as price cap rises 2%

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The price hike by the regulator, a non-ministerial government department, comes after inflation hit its highest in 18 months in July International News via Reuters: Millions...
Finance

Bank of England’s Mann sees case for ‘persistent’ hold of rates

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Earlier this month the BoE revised up its near-term inflation forecast to 4% for September International News via Reuters: Bank of England Monetary Policy Committee member...
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UK watchdog approves new private share trading platform

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The platform will bring together buyers and sellers of shares in private companies to trade on an intermittent basis International News via Reuters: Britain's Financial Conduct...
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UK shop prices rise by most since March 2024, adding to inflation nerves

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Shop prices rose by 0.9% compared with August 2024, driven by a jump of 4.2% in food prices International News via Reuters: British shop prices rose...
Finance

London stocks fall as concerns about US Fed’s independence resurface

Bermuda Broadcasting Newsdesk -
Risk assets around the world fell after Trump said he was firing Cook over alleged improprieties in obtaining mortgage loans International News via Reuters: British equities...
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