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UK

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UK government to take over Liberty Steel division after collapse

Bermuda Broadcasting Newsdesk -
The government's takeover of the business marks its second intervention in the industry International News via Reuters: The British government said it will take control of...
News - World

UK blocks Versarien asset sale to Chinese-linked joint venture on security grounds

Bermuda Broadcasting Newsdesk -
The final order prevents the transfer and use of both tangible and intangible assets International News via Reuters: Britain blocked the proposed acquisition of graphene-related assets...
News - World

Hedge funds picked WH Smith as a top short before share slump, Hazeltree data shows

Bermuda Broadcasting Newsdesk -
WH Smith lowered its annual profit outlook on Thursday after a review revealed earnings had been overstated in its North America division International News via...
Finance

UK firms report strongest activity in a year in August PMI survey

Bermuda Broadcasting Newsdesk -
Sterling jumped by a fifth of a cent against the U.S. dollar as investors saw the unexpectedly strong reading as lessening the case for...
News - World

UK houses 32,000 asylum seekers in hotels, data shows, as critics decry policy

Bermuda Broadcasting Newsdesk -
Starmer's government is facing increasing pressure over housing asylum seekers in hotels after a council won a temporary court injunction earlier this week International News...
News - World

UK supermarket Waitrose says boss James Bailey to step down

Bermuda Broadcasting Newsdesk -
Bailey has held the managing director role at the upmarket grocer International News via Reuters: British supermarket group Waitrose said on Thursday its boss James Bailey...
Finance

Sterling firms against dollar after strong business activity data

Bermuda Broadcasting Newsdesk -
The services data trails a hot inflation print from Wednesday, which had spurred only fleeting gains for sterling International News via Reuters: Sterling gained against the...
Finance

London stocks retreat; investors await Jackson Hole symposium

Bermuda Broadcasting Newsdesk -
The three-day gathering of central bankers is set to begin later in the day, with investors particularly focused on Fed Chair Jerome Powell's Friday...
News - World

UK faces more protests and legal action after asylum seekers hotel injunction

Bermuda Broadcasting Newsdesk -
On Tuesday, the High Court in London granted a temporary injunction to stop asylum seekers from being housed in the Bell Hotel in Epping International...
News - World

Airbus UK workers to strike for 10 days over pay

Bermuda Broadcasting Newsdesk -
Unite, which represents more than 3,000 aircraft fitters and engineers at Airbus, said 90% of members voting in a ballot had chosen industrial action International...
News - World

UK targets Russian crypto networks and Kyrgyz firms in new sanctions

Bermuda Broadcasting Newsdesk -
The sanctions against eight individuals and entities also target the infrastructure behind A7A5, a rouble-pegged stablecoin launched in Kyrgyzstan International News via Reuters: Britain on Wednesday...
News - World

Member of Irish rap group Kneecap appears at UK court on terrorism charge

Bermuda Broadcasting Newsdesk -
Liam Óg Ó hAnnaidh whose stage name is Mo Chara, is alleged to have waved the flag of the banned militant group Hezbollah during...
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