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UK

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Novo Holdings to sell about 8% stake in UK’s ConvaTec, bookrunner says

Bermuda Broadcasting Newsdesk -
Novo is ConvaTec's largest shareholder with a 21.3% stake, according to data from LSEG International News via Reuters: Novo Holdings, which controls obesity drugmaker Novo Nordisk,...
News - World

Factbox-How does Britain plan to overhaul its asylum system?

Bermuda Broadcasting Newsdesk -
The moves are a bid to stem the rise of the populist Reform UK party, but the measures have been criticised by many charities,...
News - World

AXA sells UK bonds after tax U-turn, others still favour gilts

Bermuda Broadcasting Newsdesk -
Britain's government borrowing costs jumped on Friday as markets had expected an income-tax hike after a speech finance minister Rachel Reeves gave earlier in...
News - World

BBC ‘determined to fight’ Trump defamation claim

Bermuda Broadcasting Newsdesk -
Trump said on Friday he was likely to sue the British broadcaster this week for up to $5 billion after it spliced together separate...
Finance

UK life insurers show resilience in Bank of England stress test

Bermuda Broadcasting Newsdesk -
The test aims to assess firm resilience to severe but plausible events International News via Reuters: The Bank of England said on Monday that Britain's largest...
News - World

Trafigura’s $600 million nickel fraud trial starts in London

Bermuda Broadcasting Newsdesk -
Geneva-based Trafigura alleges that Gupta was the mastermind of a fraud it discovered in November 2022 International News via Reuters: Trafigura's $600 million case against Indian...
Finance

Sterling finds its footing after last week’s ructions

Bermuda Broadcasting Newsdesk -
UK markets were roiled on Friday by reports Finance Minister Rachel Reeves has no plans to raise income tax rates in the budget International News...
News - World

Castle Water returns with improved bid for Thames Water, The Times reports

Bermuda Broadcasting Newsdesk -
Thames Water, which has 16 million customers, has been at the centre of an environmental scandal in Britain International News via Reuters: British utility Castle Water...
News - World

Britain reviews human rights laws in major shake-up of asylum policy

Bermuda Broadcasting Newsdesk -
Interior minister Shabana Mahmood will outline changes to how the European Convention on Human Rights will be interpreted by courts, the government said International News...
Finance

UK mobile companies face mass lawsuit for allegedly overcharging customers

Bermuda Broadcasting Newsdesk -
The Competition Appeal Tribunal (CAT) in a ruling on Friday threw out those parts of the case claiming losses from before October 2015 as...
News - World

RedBird’s bid for UK’s Telegraph collapses after newsroom opposition

Bermuda Broadcasting Newsdesk -
The move ends months of negotiations and regulatory scrutiny over the future of the right-leaning broadsheet International News via Reuters: U.S.-based private investment firm RedBird Capital...
News - World

UK lobbying Poland to buy Swedish submarines, sources say

Bermuda Broadcasting Newsdesk -
Babcock declined to comment on its possible involvement in the bid International News via Reuters: British Prime Minister Keir Starmer is lobbying Poland to award a...
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