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UK

News - World

Britain’s M&S flags higher shareholder returns

Bermuda Broadcasting Newsdesk -
Alison Dolan, M&S's chief financial officer, told the group's annual shareholders' meeting that the retailer had a robust balance sheet with a net funds...
Finance

Bank of England sets out plan to ease bank leverage rules

Bermuda Broadcasting Newsdesk -
The BoE's Financial Policy Committee said it would soften the impact of the leverage ratio, which requires lenders to hold a minimum ratio of...
Finance

Sterling hits three-week high versus dollar

Bermuda Broadcasting Newsdesk -
Sterling rose to $1.3401, the highest since June 17, before slipping slightly to trade at $1.338 International News via Reuters: The pound rose to a three-week...
News - World

Britain, Netherlands, Finland, Poland say they are making progress on defence plan

Bermuda Broadcasting Newsdesk -
Defence financing is set to be a key topic at this week's NATO summit in Ankara, Turkey International News via Reuters: Britain, the Netherlands, Finland and...
News - World

Britain should consider regulating AI models, FCA official says

Bermuda Broadcasting Newsdesk -
Financial Conduct Authority Executive Director Sheldon Mills also said the existing rulebook will need to evolve as firms' reliance on a handful of tech...
News - World

UK construction downturn eases slightly in June, PMI shows

Bermuda Broadcasting Newsdesk -
The S&P Global UK Construction Purchasing Managers' Index (PMI) rose to 38.4 in June from 38.2 in May, a survey by S&P Global showed....
Finance

Britain’s FTSE indexes slip as miners offset financial gains

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index fell 0.1% to 10,663.68 points by 1037 GMT, while the midcap FTSE 250 slipped 0.06% International News via Reuters: London's FTSE...
Finance

Pound breaks seven-day rally as dollar steadies after jobs data

Bermuda Broadcasting Newsdesk -
Sterling was last down 0.1% at $1.3338 and was steady against the euro, which traded at 0.8055 pounds International News via Reuters: The pound fell on...
News - World

Britain’s services sector contracts sharply under strain of Iran war, PMI shows

Bermuda Broadcasting Newsdesk -
The S&P Global Purchasing Managers' Index for the services sector in June fell to 48.8 from May's 49.3, representing the second fall in a...
Finance

Sterling set for biggest weekly jump in 12 weeks on easing political risk, soft dollar

Bermuda Broadcasting Newsdesk -
Sterling was up 0.1% at $1.3357, taking its weekly gain to 1.2%, its biggest weekly jump against the dollar since early April International News via...
News - World

Bank of England’s Mann says she is ready to raise rates if inflation outlook darkens

Bermuda Broadcasting Newsdesk -
A BoE survey of the public's expectations for inflation hit a record high in May, but last month the BoE trimmed its own forecast...
News - World

UK’s FCA says parts of motor finance redress scheme suspended

Bermuda Broadcasting Newsdesk -
The regulator introduced the scheme in March to compensate motorists who were treated unfairly under motor finance arrangements between 2007 and 2024 International News via...
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