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UK

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In latest UK oil and gas tie-up, Total merges North Sea assets with Repsol’s NEO NEXT

Bermuda Broadcasting Newsdesk -
The deal follows a consolidation trend in Britain's North Sea, after Shell and Equinor's merger and Ithaca Energy's purchase of Eni's assets in the ageing...
News - World

Visa relocates European headquarters to London’s Canary Wharf

Bermuda Broadcasting Newsdesk -
Teaser Paragraph here..., International News via Reuters: Visa is relocating its European headquarters to London's Canary Wharf financial district, the Canary Wharf Group said on Friday. The...
News - World

UK house prices stagnate in November, Halifax says

Bermuda Broadcasting Newsdesk -
Halifax said house prices were flat in November, down from 0.5% growth in October International News via Reuters: Britain's housing market slowed in November in both...
News - World

Britain unveils fast-track licensing to boost fintech growth

Bermuda Broadcasting Newsdesk -
Under the new system, firms meeting “robust” entry criteria will be able to operate provisionally and carry out some regulated activities for up to...
News - World

UK’s struggling Thames Water seeks to facilitate recapitalisation plan

Bermuda Broadcasting Newsdesk -
The company, which has 16 million customers, has nearly 20 billion pounds of debt and a gearing level of 86% which has left it...
News - World

UK police charge 31-year-old man linked to Manchester synagogue attacker

Bermuda Broadcasting Newsdesk -
Police said that while Mohammad Asim Bashir had not committed an offence in relation to the attack itself, their investigation led to him being...
News - World

UK retailer Frasers sees tough market conditions but keeps profit outlook

Bermuda Broadcasting Newsdesk -
The FTSE 100 group, majority owned by Mike Ashley, did, however, reaffirm its full-year profit forecast, saying its strategy was working International News via Reuters: Frasers,...
News - World

UK firms to cut jobs but raise prices, BoE survey shows

Bermuda Broadcasting Newsdesk -
Expectations for employment over the next year weakened, falling by 0.1 percentage points to -0.2% in the three months to November International News via Reuters: British...
Finance

Bank of England launches stress test of private equity and credit

Bermuda Broadcasting Newsdesk -
The central bank said the system-wide exploratory scenario will produce a final report in early 2027 and will focus on the impact on the...
Finance

Sterling steady after biggest daily jump since April

Bermuda Broadcasting Newsdesk -
The pound was last down less than 0.1% at $1.3348 after earlier touching its highest level in over five weeks at $1.33585 International News via...
News - World

UK construction output plummets in November, business confidence erodes, PMI shows

Bermuda Broadcasting Newsdesk -
Residential construction activity was at its weakest since May 2020, when lockdowns during the COVID pandemic halted building work International News via Reuters: British construction activity...
News - World

UK consumers face higher energy bills after regulator approves $37 billion grid upgrade

Bermuda Broadcasting Newsdesk -
The investment is higher than a provisional assessment by regulator Ofgem in July of 24 billion pounds and comes despite the British government's pledge...
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