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Top StoriesHeathrow Says Passenger Cap Has Improved Operations
InvestingFTSE 100 Hits 3-week High, Unfazed by Latest Inflation Surge
Top StoriesGoldman Sachs’ Leland to Return to London in New Role
InvestingUK Shares Touch Over 2-week High, Gsk Spin-Off Haleon Lists on Lse
Venezuelan Gold Legal Battle Resumes in London
Date: July 13, 2022
By Kirstin Ridley and Marc Jones LONDON (Reuters) – A long-running legal battle between Venezuelan President Nicolas Maduro and opposition leader Juan Guaido over who should hold the key to more than $1.5 billion of gold stored at the Bank of England resumed at the London High Court on Wednesday. The UK Supreme Court ruled...
Ancestral Ties: India Avidly Watching British Leadership Race
Date: July 13, 2022
By Rupam Jain and Tanvi Mehta MUMBAI (Reuters) – Half a world away from the political drama in London, many Indians are closely following the twists and turns of who replaces Boris Johnson as British prime minister, curious to see how two candidates with Indian ancestry fare. Rishi Sunak, the bookmakers’ favourite to prevail, and...
Miners, Broker Downgrades Weigh on UK’s FTSE 100
Date: July 12, 2022
(Reuters) -UK’s top share index dipped on Tuesday, as miners came under pressure for a third day after metal prices slumped on strict COVID-19 lockdowns in top consumer China, while bearish brokerage actions weighed on real estate stocks. The industrial metals and mining index dropped 1.5% as copper prices slid on the back of a...
Bank of England ‘unhappy’ About Rise in Failed Gilt Repos
Date: July 8, 2022
By David Milliken LONDON (Reuters) – Bank of England regulators are concerned about an increase in the number of failed transactions in the British government bond repo market, which they said “reflected very poorly” on the City of London’s reputation. Gilt repos allow investors to temporarily exchange holdings of British government bonds for cash and...
Ex-Counter-Terrorism Chief Named New Head of London’s Beleaguered Police Force
Date: July 8, 2022
By Michael Holden LONDON (Reuters) -Mark Rowley, Britain’s former counter-terrorism police chief who led investigations into a series of attacks in 2017, was on Friday named the new head of London’s beleaguered police force, which is reeling from a series of shocking failings and revelations. Just last month, the Metropolitan Police was placed in a...
Boost for Luxury London Property Prices as Russians Locked In
Date: June 28, 2022
By Carolyn Cohn and Kirstin Ridley LONDON (Reuters) – The war in Ukraine is making it hard for even unsanctioned Russians to sell exclusive residential property in Britain, adding to a shortage of supply that has helped drive up house prices in prime locations, real estate sources say. Russian oligarchs, Middle Eastern oil barons and...