Exclusive-US Fund KPS explored takeover offer for UK’s Elementis –sources
By Amy-Jo Crowley and Emma-Victoria Farr LONDON (Reuters) -KPS Capital Partners recently explored a bid for UK specialty chemicals maker Elementis but has since paused its work, two people familiar with the…
Biden and UK’s Truss agree on continued support for Ukraine -Truss’s office
LONDON (Reuters) -British Prime Minister Liz Truss and U.S. President Joe Biden agreed on Wednesday that Russian President Vladimir Putin’s actions highlight the need for allies to continue their economic and military…
UK’s Sainsbury’s in talks to sell stores worth 500 million stg
LONDON (Reuters) -British supermarket group Sainsbury’s is in talks to sell 18 stores in southern England to property investor LXi REIT for about 500 million pounds ($568 million). Both companies said on…
Liz Truss Becomes The UK’s Next Prime Minister
Liz Truss Becomes The UK’s Next Prime Minister Micaela Burrow on September 5, 2022 Foreign Secretary Liz Truss received the most votes to become the United Kingdom’s next Conservative prime minister after…
UK’s business minister says Truss will aim to get to 2.5% trend growth- FT
(Reuters) – Britain’s business minister Kwasi Kwarteng believes Liz Truss will make it her aim to get to 2.5% trend growth, if appointed as the prime minister, he wrote in Financial Times…
Workers at UK’s biggest container port Felixstowe due to begin 8-day strike
LONDON (Reuters) -More than 1,900 workers at Britain’s biggest container port are due on Sunday to start eight days of strike action which their union and shipping companies warn could seriously affect…
UK’s Liz Truss maintains big lead in leadership contest – poll
LONDON (Reuters) – Foreign Secretary Liz Truss remains far ahead of leadership rival Rishi Sunak in the race to become Britain’s next prime minister, a YouGov poll for Sky News showed on…
UK’s Liz Truss ready to speed up tax cut plan, newspaper says
LONDON – Liz Truss, the front-runner to become Britain’s next prime minister, plans to rush through tax cuts earlier than planned in an attempt to boost the country’s flagging economy, the Sunday…
Bank of England probes the persistence of UK’s inflation surge
LONDON – The Bank of England says it will act forcefully if needed to stop the surge in inflation from turning into a long-term problem, meaning it could deliver a rare half-percentage…
UK’s Sunak: excessive borrowing spree is unwise amid rising inflation
LONDON – British leadership candidate Rishi Sunak said on Monday that excessive government borrowing in the face of rising inflation and interest rates would be unwise as he set out his plans…
Yellen discusses price cap on Russian oil with UK’s Zahawi – U.S. Treasury
(Reuters) – U.S. Treasury Secretary Janet Yellen highlighted a proposed price cap on Russian oil on a phone call with British Finance Minister Nadhim Zahawi on Tuesday, a move to reduce the…
UK’s Northern Ireland trade law clears parliament’s lower house
LONDON – Legislation allowing Britain to scrap some of the rules on post-Brexit trade with Northern Ireland cleared the final stage of its passage through parliament’s lower House of Commons on Wednesday…
UK’s Boris Johnson moves wedding party planned for official residence
LONDON – Britain’s Boris Johnson and his wife, Carrie, are changing the location of a planned wedding party, an ally of the prime minister said on Friday, denying allegations that he was…
Boris Johnson says he is confident of the legality of UK’s Rwanda migrant plan
LONDON – British Prime Minister Boris Johnson said on Saturday he was confident of the legality of his government’s plan to send some asylum seekers to Rwanda after the first flight was…
UK’s Johnson: higher public spending and wages risk fanning inflation
LONDON – British Prime Minister Boris Johnson on Thursday said that the surge in inflation meant the government could not simply spend more to support people through the cost-of-living crisis, and to…
UK’s Johnson: higher public spending and wages risk fanning inflation
LONDON – British Prime Minister Boris Johnson on Thursday said that the surge in inflation meant the government could not simply spend more to support people through the cost-of-living crisis, and to…
Economic instability from Ukraine war will abate over time, UK’s Johnson
LONDON – Prime Minister Boris Johnson warned Britain on Thursday there was no quick fix to the instability prompted by Russia’s invasion of Ukraine but that the economic consequences of the war…
UK’s John Lewis identifies rental home locations in diversification push
LONDON (R<?xml version=”1.0″ encoding=”utf-16″?>euters) – British retailer John Lewis Partnership announced the first three locations where it wants to build rental homes, part of its diversification plan to generate 40% of profit…
UK’s Johnson promises tax cuts and plan for growth – Conservative source
LONDON – Prime Minister Boris Johnson promised lawmakers a new economic plan for growth next week, a Conservative Party source said on Monday after the British leader addressed his party before a…
UK’s Sainsbury’s faces investor vote on workers pay amid cost of living crisis
By James Davey LONDON – Shareholders in Sainsbury’s will get to vote on a resolution at next month’s annual meeting calling for Britain’s second biggest supermarket group to commit to paying the…
UK’s Sainsbury’s to invest 500 million pounds over two years to soften price rises
LONDON – British supermarket Sainsbury’s said on Monday it was stepping up its efforts to keep a lid on prices and it would spend 500 million pounds ($631.4 million) over the two…
UK’s Sunak: Tight labour market adding to inflation pressures
LONDON – A tight labour market and an energy price shock are causing inflationary pressures, Britain’s finance minister Rishi Sunak said on Friday, adding that he felt confident in the country’s overall…
UK’s Johnson talks Ukraine, trade deal with new Australian counterpart
LONDON – British Prime Minister Boris Johnson agreed with his newly-elected Australian counterpart Anthony Albanese that the Ukrainian war must not encourage other countries to undermine global stability, Johnson’s spokesperson said on…
Citi, UK’s BII agree $100 million risk-sharing lending deal for Africa
LONDON -British International Investment (BII) and U.S. bank Citigroup Inc have signed a $100 million risk-sharing facility aimed at boosting lending to small businesses across Africa by up to four times that…
UK’s Capco and Shaftesbury in talks about $4 billion merger – Sky News
(Reuters) – London’s West End focused commercial landlords Capital & Counties Properties Plc and Shaftesbury Plc are in advanced talks about a 3.5 billion pound ($4.32 billion) merger, Sky News reported on…
UK’s Johnson shredded ministerial code with lockdown breaches, constitutional expert says
LONDON – Prime Minister Boris Johnson has thrust Britain into a constitutional crisis by breaking the law he set for pandemic restrictions, effectively “shredding the ministerial code”, the country’s leading constitutional expert…
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