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UK

Finance

London’s FTSE 100 slips as Middle East tensions persist, AstraZeneca drags

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index fell 0.6% to 10,417.63 points by 1045 GMT, while the midcap FTSE 250 climbed 0.1% International News via Reuters: The UK's...
Finance

Pound nudges at four-week highs; volatility picks up

Bermuda Broadcasting Newsdesk -
Sterling was last up 0.1% on the day at $1.34. It has risen by over 2% since hitting a seven-month low in late June,...
News - World

Severn Trent Water breached wastewater duties, UK watchdog says

Bermuda Broadcasting Newsdesk -
Severn Trent had failed to effectively provide drainage and deal with the contents of its sewers International News via Reuters: UK water regulator Ofwat on Wednesday...
Finance

Sterling steady as US-Iran tensions flare up again

Bermuda Broadcasting Newsdesk -
Brent crude futures jumped after Trump's comments, made before a NATO summit in Turkey, and were last up 5.61% to $78.36 a barrel International News...
Finance

Bank of England sees growing risks to financial stability from AI

Bermuda Broadcasting Newsdesk -
In a half-yearly assessment of risks to Britain's financial system, the central bank said previous risks it had identified from stretched share price valuations,...
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...
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