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UK

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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

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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...
News - World

Britain lifts blanket ban on Spanish pork imports, adopts regional controls

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The move aligns Britain with the European Union's regionalisation approach, which restricts trade only from outbreak zones International News via Reuters: Britain said on Wednesday it...
Finance

Financials drag UK’s FTSE 100 lower; miners gain

Bermuda Broadcasting Newsdesk -
Both the blue-chip FTSE 100 and the midcap FTSE 250 dipped 0.2% by 11:05 GMT, on track to log declines for the third straight...
News - World

UK services firms report slower growth, more job cuts in lead up to budget, PMI shows

Bermuda Broadcasting Newsdesk -
The S&P Global UK Services Purchasing Managers' Index came in at 51.3 in November, down from October's 52.3, but less of a slowdown than...
News - World

Report details widespread police failings over UK’s Hillsborough stadium disaster

Bermuda Broadcasting Newsdesk -
The fans died in an overcrowded, fenced-in enclosure at the ground in Sheffield, northern England, at an FA Cup semi-final against Nottingham Forest on...
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