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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...
Finance

LSEG plans tokenised UK shares, partners with Kraken-owner Payward

Bermuda Broadcasting Newsdesk -
The move marks the latest push by the London Stock Exchange to embrace crypto assets, after announcing in February that it would build a...
Finance

UK stocks close higher after Warsh’s comments

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 rose 0.3% to 10,824.26 points, ending the week nearly flat International News via Reuters: UK stocks closed higher on Friday as investors...
Finance

London stocks tick higher ahead of Warsh’s Jackson Hole speech

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 rose 0.1% to 10,807,89 points by 1054 GMT, on course to end the week nearly flat International News via Reuters: UK stocks...
Finance

Sterling heads for weekly loss, focus on Jackson Hole symposium

Bermuda Broadcasting Newsdesk -
The British pound eased about 0.1% at $1.3582 to a more than one-week low and was set for a weekly drop of 0.4% International News...
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