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UK

Finance

Sterling dips, gilt yields at 2-month high as investors assess Burnham’s spending plans

Bermuda Broadcasting Newsdesk -
The pound trimmed early gains against the dollar and was last trading down 0.37% at $1.3370. It fell 0.33% against the euro, which traded...
News - World

Thames Water creditors propose ‘golden share’ to avoid nationalisation

Bermuda Broadcasting Newsdesk -
Prime Minister Andy Burnham has said nationalisation is the best solution for Thames, for years held up as an example of the failure of...
News - World

UK’s new government seeks to boost fighter jet program with Canadian partnership

Bermuda Broadcasting Newsdesk -
The announcement coincides with the Farnborough Airshow, the aerospace and defence industry's premier gathering, with wars in Ukraine and the Middle East driving demand...
News - World

UK weapons maker stocks rise after former defence secretary appointed finance minister

Bermuda Broadcasting Newsdesk -
Healey, in June, resigned from Keir Starmer's previous administration saying the then prime minister had been "unable" and the finance ministry "unwilling" to find...
Finance

London’s FTSE 100 climbs as oil prices ease; earnings in focus 

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index rose 0.2% to 10,552.50 points by 1000 GMT, while the midcap FTSE 250 climbed 0.5% International News via Reuters: Britain's FTSE...
News - World

UK deputy PM Lammy leaves government

Bermuda Broadcasting Newsdesk -
Business minister Peter Kyle also left government International News via Reuters: UK Deputy Prime Minister David Lammy left government on Monday after Andy Burnham took over...
News - World

UK’s Thames Water creditors prepare legal challenge if Burnham pursues nationalisation

Bermuda Broadcasting Newsdesk -
Burnham has repeatedly said that public ownership is the best solution for Thames Water, which has been fighting for survival for years after successive...
Finance

UK markets position for Burnham premiership, yields tick up, sterling strengthens

Bermuda Broadcasting Newsdesk -
Burnham, who will be Britain's seventh prime minister in a decade, will face an array of challenges in his new role — from a...
Finance

Britain’s FTSE 100 slips on Middle East tensions; Burnham takes office

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index fell 0.5% to 10,543.91 points by 1052 GMT, while the midcap FTSE 250 slipped 0.1% International News via Reuters: London's FTSE...
News - World

As Starmer bows out, Andy Burnham set to become UK prime minister

Bermuda Broadcasting Newsdesk -
Starmer, who was ousted by his Labour lawmakers about a month ago, said his work as prime minister was "the privilege of my life"...
News - World

Andy Burnham becomes British Labour leader; next stop — prime minister

Bermuda Broadcasting Newsdesk -
Burnham, who earned the regal moniker for his determination as mayor of Greater Manchester to defend the region's interests, told a special conference on...
News - World

UK finance firms sharpen staff scrutiny as new misconduct regime looms

Bermuda Broadcasting Newsdesk -
The Financial Conduct Authority (FCA) is amending conduct rules and fitness-for-office tests to add serious, work-related bullying, harassment and violence against colleagues in 37,000...
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