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Finance

Sterling slides as Trump vows more strikes on Iran, driving up dollar

Bermuda Broadcasting Newsdesk -
Sterling was last down 0.7% at $1.321, just a day after rising 0.6% on hopes that the war could soon be winding down International News...
Finance

Exclusive-Bank of England’s Bailey says investors should not count on UK rate hikes

Bermuda Broadcasting Newsdesk -
Bailey, speaking to Reuters at the central bank's London headquarters, said BoE policymakers would need to keep a clear focus on risks to growth...
Finance

UK equities climb 1% as Trump signals end to Iran war

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 rose 1.6% at 1044 GMT, while the midcap FTSE 250 climbed 1.8% International News via Reuters: London's main indexes climbed on Wednesday...
Finance

UK food inflation heading towards 10% due to Iran war, industry says

Bermuda Broadcasting Newsdesk -
The Food and Drink Federation (FDF) said food and non-alcoholic drink inflation, previously expected to ease to 3.2% by December 2026, would now climb...
News - World

London mayor asks diplomats to push back against Trump’s ‘lies’ about UK capital

Bermuda Broadcasting Newsdesk -
Trump, a frequent critic of Khan whom he has called a "terrible mayor", has made a series of claims about London, including assertions that...
Finance

UK’s main indexes head for biggest monthly drop since 2020 as Middle East conflict weighs

Bermuda Broadcasting Newsdesk -
Global equities bounced after the Wall Street Journal reported U.S. President Donald Trump told aides he would be willing to halt the military campaign...
News - World

Britain’s energy price cap to rise 18% in July, Cornwall Insight says

Bermuda Broadcasting Newsdesk -
Britain's domestic energy price cap is forecast to rise by about 18% in July, analysts at Cornwall Insight said on Tuesday, lowering their forecast...
News - World

UK regulator lowers car finance mis-selling bill to $12 billion

Bermuda Broadcasting Newsdesk -
The headline number, published by the Financial Conduct Authority (FCA) after the stock market's close, was lowered from an originally proposed 11 billion pounds...
News - World

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...
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