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UK

News - World

UK economy gathers pace but cost pressures intensify, PMI shows

Bermuda Broadcasting Newsdesk -
The final reading of the S&P Global UK Services Purchasing Managers' Index (PMI) ​rose to 52.5 in August from 52.1 in July, its strongest...
Finance

Sterling ticks up from three-week low as yen rallies and oil cools

Bermuda Broadcasting Newsdesk -
Sterling climbed 0.1% to $1.35, having fallen to a three-week low of $1.348 in the previous session as the safe-haven dollar rose following renewed...
News - World

UK finance minister Healey to give major speech next week

Bermuda Broadcasting Newsdesk -
The speech has been scheduled for Monday, the person said, speaking on condition of anonymity International News via Reuters: British finance minister John Healey plans to...
Finance

UK bond yields hit fresh 19-year high, adding to pressure on Healey

Bermuda Broadcasting Newsdesk -
The yield on 10-year gilts peaked at 5.294% on Wednesday, the highest since August 2007, shortly after 0900 GMT before easing back after Prime...
News - World

UK fines Citibank London $6 million over Russia sanctions breaches

Bermuda Broadcasting Newsdesk -
Britain's Office of Financial Sanctions Implementation (OFSI) said the bank had enabled multiple transactions in breach of its regime, most of which occurred between...
Finance

UK’s midcaps hit nearly a one-month low as gilt yields surge

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index fell 0.56% to 10,728.90 points by 10:10 GMT, while the midcap FTSE 250 slipped 0.8% to its lowest since...
Finance

Sterling hits 3-week low versus dollar, Middle East and gilts in focus

Bermuda Broadcasting Newsdesk -
The U.S. and Iran were back on a war footing on Wednesday after the most significant exchange of fire in weeks International News via Reuters: Sterling...
News - World

UK to unveil ‘comprehensive’ response to Israeli West Bank settlement plans in coming weeks

Bermuda Broadcasting Newsdesk -
Miliband told lawmakers that Israel's E1 settlement project would cut across land which the Palestinians seek for a state and "risks making a Palestinian...
Finance

London midcaps lead losses as rising gilt yields weigh; Reckitt gains

Bermuda Broadcasting Newsdesk -
The export-focused FTSE 100 index closed 0.32% lower at 10,789 points while the domestically focused FTSE 250 declined 1.67% International News via Reuters: London's midcap FTSE...
News - World

UK’s Frasers plans to boost stake in Hugo Boss to more than 50%

Bermuda Broadcasting Newsdesk -
The group, owned by business tycoon Mike Ashley, also said it was reviewing its support for Hugo Boss Chairman Stephan Sturm International News via Reuters: British...
Finance

London stocks slide as rising gilt yields weigh; Reckitt gains

Bermuda Broadcasting Newsdesk -
The export-focused FTSE 100 index dropped 1% to a two-week low of 10,725.6 points by 1019 GMT, while the domestically-focused FTSE 250 declined 1.9%...
News - World

UK mortgage approvals fall to lowest since January 2024, Bank of England data shows

Bermuda Broadcasting Newsdesk -
The BoE said lenders approved 56,053 mortgages in July, the lowest since January 2024, below all forecasts in a Reuters poll of economists that...
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