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UK

Finance

Many UK firms say volatile pound triggered losses in 2025, need to hedge grows

Bermuda Broadcasting Newsdesk -
The report surveyed over 250 chief financial officers and treasurers at UK companies in October about their hedging plans and costs International News via Reuters: Nearly...
News - World

UK’s Reeves vents her frustration at leaks of her budget

Bermuda Broadcasting Newsdesk -
Britain's government bond market was rocked by a Financial Times story on November 13 that said Reeves had U-turned on a planned rise to...
Finance

Sterling edges up vs dollar, flat versus euro, Fed in focus

Bermuda Broadcasting Newsdesk -
The greenback slipped against the euro and yen, with investors bracing for a so-called hawkish rate cut by the Fed International News via Reuters: Sterling edged...
News - World

FirstGroup wins $4 billion London Overground rail contract, shares rise

Bermuda Broadcasting Newsdesk -
Subsidiary First Rail London will take over operations from Arriva Rail London in May 2026 for an initial term of eight years, with public...
News - World

Britain records new wind power generation record, NESO says

Bermuda Broadcasting Newsdesk -
NESO highlighted that wind generated 23,825 megawatts of electricity at 1730 GMT on December 5, beating the previous high of 22,711 MW set on...
News - World

Bank of England offering voluntary redundancies to staff to fund reforms

Bermuda Broadcasting Newsdesk -
The central bank was making progress on implementing some of the technology changes, including adopting new data platforms, but the process would take time International...
News - World

UN body urges Britain and Mauritius not to ratify Chagos deal

Bermuda Broadcasting Newsdesk -
The deal, struck in May after years of talks, passes sovereignty of the islands to Mauritius while allowing Britain to retain control of the...
News - World

UK shoppers cut Christmas costs by buying early and dining in, says Aldi

Bermuda Broadcasting Newsdesk -
UK consumer confidence remains fragile following the government's tax-raising budget last month, and with household bills continuing to rise their spending has been waning International...
News - World

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...
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