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UK

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UK watchdog restricts six private credit firms over anti-money laundering controls

Bermuda Broadcasting Newsdesk -
The restrictions curb the ability of the firms, which are relatively small, to take on new customers, enter into new lending arrangements and, in...
Finance

UK regulator urges tighter private market controls to avoid conflicts of interest

Bermuda Broadcasting Newsdesk -
The Financial Conduct Authority (FCA) said a review of private equity, private credit and real estate firms found standards varied widely, with some firms...
News - World

UK businesses report strongest month since February, PMI shows

Bermuda Broadcasting Newsdesk -
Companies took on extra workers for the first time since hiring was hit by a tax increase in former finance minister Rachel Reeves' 2024...
Finance

UK stocks set for weekly declines as oil prices soar

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index fell 0.5% to 10,670 points by 1020 GMT International News via Reuters: UK stocks were set for weekly declines on Friday,...
Finance

Sterling edges up to fresh 17-month high versus euro after UK data

Bermuda Broadcasting Newsdesk -
The preliminary S&P Global UK Composite Purchasing Managers' Index rose to 53.1 in October, higher than economists’ forecasts and up from September's 52.0 International News...
Finance

UK stocks slip as banks drag; earnings in focus

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index fell 0.5% to 10,699.33 points by 1006 GMT, while the midcap FTSE 250 slipped 0.9% International News via Reuters: London’s FTSE...
Finance

UK median full-time salary shows smallest increase since 2021

Bermuda Broadcasting Newsdesk -
The Bank of England is watching pay as it judges the strength of inflation pressures triggered by the US-Iran war International News via Reuters: The median...
News - World

Microsoft pulls out of UK Nscale data centre deal over power delay

Bermuda Broadcasting Newsdesk -
The US tech giant said on Monday it remained committed to its partnership with Nscale, including work to build digital infrastructure and support AI...
News - World

UK borrowing and £3 trillion debt herald tough budget for Healey

Bermuda Broadcasting Newsdesk -
Economists said the figures added to the likelihood of Healey delivering a cautious set of spending, tax and borrowing plans on October 28 International News...
News - World

UK approves long-delayed Jackdaw gas field on energy security grounds

Bermuda Broadcasting Newsdesk -
Energy minister Miatta Fahnbulleh said the project would begin supplying gas to British homes and businesses by the end of this month, helping ease...
Finance

UK’s FTSE 100 pauses as hot inflation report outweighs energy boost

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index fell 0.1% to 10,723.02 points by 1022 GMT, after two sessions of declines in a row International News via Reuters: Britain's FTSE...
Finance

Pound gains against dollar, euro as inflation data cements future rate hike bets

Bermuda Broadcasting Newsdesk -
Sterling was last up 0.1% at $1.339, holding near its highest level in about a month International News via Reuters: The pound rose slightly against both...
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