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UK

News - World

UK’s Smith+Nephew CFO John Rogers to step down for external role

Bermuda Broadcasting Newsdesk -
The departure follows Smith+Nephew's decision weeks ago to cut its annual revenue growth forecast after second-quarter sales missed expectations due to weak U.S. knee...
News - World

UK employers raise pay by least in 10 months, Brightmine says

Bermuda Broadcasting Newsdesk -
The median pay award by employers fell to 3.2% in the three months to the end of July, down from 3.3% in the previous...
News - World

Britain’s energy price cap to hit three-year high in October, Cornwall Insight says

Bermuda Broadcasting Newsdesk -
The forecast comes after data on Wednesday showed a previous increase in energy bills pushed British inflation ​to a four-month high in July International News...
News - World

UK’s Pinewood Technologies​ to go private in $739 million Ridgeview deal

Bermuda Broadcasting Newsdesk -
Under the terms of the deal, Pinewood shareholders will receive £4.48 per share in cash, representing a 43% premium to the company's closing share...
News - World

Virgin Atlantic and Trainline under UK watchdog scrutiny over pricing

Bermuda Broadcasting Newsdesk -
Shares in Trainline, the only listed company of the three firms, were down nearly 17% to 202.4 pence at 1108 GMT, underperforming the wider...
News - World

UK inflation picks up after July surge in household energy bills

Bermuda Broadcasting Newsdesk -
Annual consumer price inflation rose to 2.9% in July from a 15-month low of 2.6% in June, the Office for National Statistics said on...
Finance

London’s FTSE 100 slips after inflation report; Smith+Nephew drops

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index fell 0.1% to 10,711.52 points by 0926 GMT, while the midcap FTSE 250 slipped 0.3% to 24,483.70 points International News...
Finance

Bank of England to hold rates for remainder of year despite inflation risks: Reuters poll

Bermuda Broadcasting Newsdesk -
The UK economy has remained mostly resilient since then, with little evidence of any spillover from higher energy prices into the broader economy International News...
News - World

UK labour market loses more momentum in second quarter

Bermuda Broadcasting Newsdesk -
Private sector regular earnings — watched by the BoE as a gauge of domestic inflation pressure — rose by 2.8% in annual terms during...
Finance

UK shares fall as miners retreat, labour market cools

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index was 0.1% lower at 10,711.29 points by 0948 GMT, slipping for the seventh straight session, while the midcap FTSE...
Finance

Sterling dips after data points to cooling UK labour market

Bermuda Broadcasting Newsdesk -
Sterling was last 0.1% lower against the dollar at $1.352, after rising to its highest level since May on Monday as traders reduced their...
News - World

UK employers stuck in “low-hire, low-fire” mode, survey shows

Bermuda Broadcasting Newsdesk -
The survey was published a day before official data is also expected to paint a weak picture of the labour market International News via Reuters: British...
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