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UK

Finance

Pound touches four-month high against weaker dollar

Bermuda Broadcasting Newsdesk -
British businesses reported their fastest upturn in activity since April 2024 in January, while retail sales rose unexpectedly last month International News via Reuters: The British...
News - World

Starmer leadership rival Burnham blocked from seeking return to UK parliament

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Burnham said he was disappointed at the decision and, while he called for unity in the Labour Party, criticised the way the situation had...
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UK’s Starmer calls Trump’s remarks on allies in Afghanistan ‘frankly appalling’

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Britain lost 457 service personnel killed in Afghanistan, its deadliest overseas war since the 1950s International News via Reuters: British Prime Minister Keir Starmer called U.S....
News - World

UK businesses report post-budget bounce

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The preliminary S&P Global UK Composite Purchasing Managers' Index for January hit its highest level since April 2024, jumping to 53.9 from 51.4 in...
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UK’s Royal Navy tracks Russian vessels sailing through English Channel

Bermuda Broadcasting Newsdesk -
The navy said two patrol ships, supported by a Wildcat helicopter, were dispatched to intercept the Russian warship Boikiy and accompanying oil tanker MT...
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JPMorgan buys UK pensions technology firm WealthOS, memo shows

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The acquisition will deepen the bank's footprint in pensions, positioning it to tap demand for retirement planning products as customers seek predictable income in...
Finance

London midcaps climb to 3-year high on Trump pivot, Ukraine deal hopes

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The domestically-focussed midcap FTSE 250 was up 1.3%, snapping back to a three-year high after escalating geopolitical concerns pressured the index earlier this week International...
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Gloom lifts for UK shops but only partially, CBI survey shows

Bermuda Broadcasting Newsdesk -
The Confederation of British Industry said its monthly balance of retail sales, which compares with volumes a year ago, rose to -17 from -44...
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Borrowing data offers new year cheer for UK’s Reeves, for now

Bermuda Broadcasting Newsdesk -
Public sector net borrowing stood at 11.578 billion pounds ($15.55 billion) in December, the Office for National Statistics said, down 7.1% on a year...
Finance

Sterling edges up as focus shifts to data, BoE rate outlook

Bermuda Broadcasting Newsdesk -
Investor attention shifted to the state of the economy after geopolitics dominated earlier in the week, as the prospect of a U.S.-Europe trade war...
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UK retail discounter B&M issues second profit warning on clearance costs

Bermuda Broadcasting Newsdesk -
The chain, which sells everything from garden furniture to toys and food, has struggled with profitability amid accounting errors, stiff competition and higher costs International...
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UK’s NCC Group to sell Escode for $369.4 million

Bermuda Broadcasting Newsdesk -
The divestment of Escode, which provides software escrow and verification services, marks the final step in NCC's plan to exit non-core operations, following a...
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