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UK

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UK fines Apple subsidiary $516,000 over Russia sanctions breach

Bermuda Broadcasting Newsdesk -
A notice from the government on Monday said ADI had made funds available to a designated person without a licence in relation to two...
News - World

UK mortgage approvals rise by most since November, Bank of England says

Bermuda Broadcasting Newsdesk -
The BoE said 62,584 new mortgages for house purchase were approved in February, up from 60,246 in January International News via Reuters: British lenders last month...
Finance

UK’s FTSE 100 climbs on boost from mining and energy stocks

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index rose 0.6% as of 0921 GMT, while the midcap FTSE 250 fell 0.5% International News via Reuters: London's FTSE 100 advanced...
Finance

Pound heads for biggest monthly loss against the safe-haven dollar since October

Bermuda Broadcasting Newsdesk -
Sterling has fallen by 1.5% in March, slightly more than in February, making this its worst monthly performance since last October International News via Reuters: The...
News - World

Bank of England lowers cost of on-demand liquidity facility

Bermuda Broadcasting Newsdesk -
The BoE is moving to what it calls a demand-driven system of reserves under which commercial banks use collateral such as government bonds to...
News - World

FTSE Russell to align free-float rules for UK, foreign firms

Bermuda Broadcasting Newsdesk -
Under the change, companies incorporated inside or outside the UK will need at least 10% free float to qualify for inclusion in the FTSE...
Finance

UK’s main indexes drop 1% on Middle East uncertainty

Bermuda Broadcasting Newsdesk -
U.S. President Donald Trump said Iran was desperate to reach a deal to end nearly four weeks of fighting, contradicting Iran’s foreign minister International News...
Finance

Sterling falls for a third day as investors favour safe-haven dollars 

Bermuda Broadcasting Newsdesk -
Sterling, which has lost nearly 1% in value against the dollar this month, was last down 0.1% on the day at $1.336 International News via...
Finance

UK’s main indexes drop 1% on Middle East uncertainty

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index fell 1.1% by 1013 GMT, snapping a two‑day winning streak, while the midcap FTSE 250 fell 1.2% International News via...
Finance

Bank of England raises threshold for lenders to make resolution plans

Bermuda Broadcasting Newsdesk -
The BoE said that firms with less than 100 billion pounds ($134 billion) of retail deposits would in future be exempt from its Resolution...
News - World

UK suffers OECD’s biggest growth downgrade as Iran war pushes up energy costs

Bermuda Broadcasting Newsdesk -
The Paris-based international body cut its 2026 forecast for British economic growth by half a percentage point to 0.7% International News via Reuters: Britain's economic growth...
News - World

Mullally to be installed as first female Archbishop of Canterbury

Bermuda Broadcasting Newsdesk -
Marking the start of her public ministry, the service will seat the former nurse and civil servant in the 13th-century Chair of St Augustine...
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