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UK

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UK minister aims for ‘timely sale’ of Telegraph to Daily Mail owner

Bermuda Broadcasting Newsdesk -
The Telegraph has been in limbo since 2023 when RedBird IMI - a joint venture between U.S.-based RedBird Capital and Abu Dhabi's International Media...
News - World

UK needs ‘radical reset’ of nuclear power regulation, review says

Bermuda Broadcasting Newsdesk -
Britain's Labour government has launched a major push to expand nuclear power, hoping to meet its net zero goals while also boosting energy security...
Finance

Pound steady as markets await Britain’s budget

Bermuda Broadcasting Newsdesk -
Finance Minister Rachel Reeves will announce her long-awaited budget on Wednesday International News via Reuters: The pound held steady against the dollar on Monday, with investors...
News - World

Paramount wins UK rights for most Champions League matches from 2027

Bermuda Broadcasting Newsdesk -
Amazon's Prime Video retained the first pick of Tuesday matches in Britain and two other European markets International News via Reuters: U.S. media company Paramount+ will...
News - World

UK regulator plans to ease transaction reporting requirements

Bermuda Broadcasting Newsdesk -
The Financial Conduct Authority said it has proposed removing foreign exchange derivatives from reporting requirements and reducing the period for for correcting historic reporting...
Finance

Sterling treads water as data paints sombre picture before budget

Bermuda Broadcasting Newsdesk -
Business growth almost ground to a halt this month, retail sales tumbled in October, and a closely watched gauge of household sentiment fell International News...
Finance

UK fraud office probes $28 million cryptocurrency collapse

Bermuda Broadcasting Newsdesk -
The SFO said Basis Markets had raised  cash from  two public fundraisers in late 2021 by selling non-fungible tokens and used the funds to...
News - World

UK supermarket group Asda raises $742 million in sale and leaseback deals

Bermuda Broadcasting Newsdesk -
Asda, majority owned by private equity firm TDR Capital, said it plans to use the proceeds to fund capital investment in the business and...
News - World

UK manufacturers report sharpest drop in output since August 2020

Bermuda Broadcasting Newsdesk -
The Confederation of British Industry said its industrial output balance for the three months to November fell to -30 from -16 in the three...
Finance

Sterling edges up, Britain’s upcoming budget in focus

Bermuda Broadcasting Newsdesk -
Sterling was last up 0.17% on the dollar at $1.3076, on track for its strongest day in almost a week International News via Reuters: The pound...
News - World

UK to build new munitions factories to boost warfighting readiness

Bermuda Broadcasting Newsdesk -
Defence Secretary John Healey is set to announce on Wednesday plans for new potential sites and confirm that construction on the first factory is...
News - World

UK’s Workspace posts first-half loss as budget uncertainty delays leasing

Bermuda Broadcasting Newsdesk -
Shares of the company, which have fallen about 18% so far this year, tumbled nearly 6% to a more than three-year low International News via Reuters: Workspace...
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