Prime Minister Rishi Sunak meets German Chancellor Olaf Scholz on Wednesday, a long awaited trip to Berlin the British leader hopes will deepen security cooperation after he announced London’s move to increase defence spending.The two will announce plans to develop Remote Controlled Howitzer mm...

   Ithaca Energy ITH.L has agreed to buy nearly all of Eni’s ENI.MI UK based oil and gas producing assets for about million pounds . million in stock, as it looks to become one of the biggest independent energy companies in the North Sea.The combined entity would be able to produce...

   Five migrants, including a child, died in an attempt to cross the English Channel from France to Britain in an overcrowded small boat on Tuesday, hours after Britain passed a bill to deport asylum seekers to Rwanda in a move to deter the dangerous journeys.The deaths occurred when a boat carrying...

   London’s FTSE .FTSE hit a record high on Tuesday, raising hopes that Britain’s stock market might finally be shaking off years of underperformance as investors look for bargains and UK growth picks up.Months after rival indexes across the world started chalking up records, Britain’s benchmark...

   Prime Minister Rishi Sunak said on Tuesday he would increase defence spending to . of GDP to reach billion pounds billion a year by .Ukraine has repeatedly called for more Western to support to fight Russia. Domestically, Sunak has been under pressure from within his Conservative...

   A soccer agent sent a threatening email to a senior director at Premier League club Chelsea FC, demanding a six figure commission over the transfer of French defender Kurt Zouma, prosecutors told a London court on Tuesday.Saif Rubie sent an email to Marina Granovskaia, Chelsea’s director of...

   JD Sports Fashion JD.L has proposed to buy American athletic fashion retailer Hibbett Inc HIBB.O for about . billion, the companies said on Tuesday, as Britain’s biggest sportswear retailer looks to expand across the southeastern U.S.The deal comes as shares in athletic clothing retailers...

   Prime Minister Rishi Sunak said on Tuesday he would lift defence spending to . of GDP a year by , saying the British arms industry must be on a war footing when the world is at its most dangerous since the Cold War.Standing alongside NATO leader Jens Stoltenberg, Sunak said Britain would...

   Britain’s blue chip share index cruised to record highs on Tuesday helped by a weaker pound and positive corporate updates, while Primark owner AB Food led gains on an upbeat profit outlook.The FTSE .FTSE climbed to, . points, surpassing its previous peak of, . touched in February...

   Britain’s plans to sell its remaining stake in NatWest NWG.L would end a sorry tale for both the country and the lender, and boost those who feel state support has held back NatWest in recent years, its Chair Rick Haythornthwaite said on Tuesday. I think there’s a perception there is more...

   The Bank of England said on Tuesday that very few banks had a clear idea of their holistic exposures to private equity, putting them at risk of a large loss , and set an August deadline to identify how gaps would be filled.The central bank had already announced it was taking a deep dive into...

   Banks have mostly given up hope this year will bring a long awaited recovery in UK IPOs, as stock exchanges within the European Union and Switzerland have so far proved more tempting, senior bankers told Reuters.London, which was Europe’s most popular listing venue in the boom of , has...

   Investing in defence companies is compatible with long term sustainable considerations, a joint statement from Britain’s finance ministry and UK asset management industry body said on Tuesday.The government said last year that defence companies were being excluded from access to debt and equity...

   Nearly workers at Heathrow Airport will strike next month after the company laid out plans to outsource hundreds of roles in an effort to cut costs, a British labour union said on Tuesday.The workers will strike from May to May , Unite said in a statement, adding that the country’s busiest...

   Prime Minister Rishi Sunak said on Tuesday he would put the British defence industry on a war footing, announcing billion pounds . billion of extra long term funding for munitions in light of the war in Ukraine. We will put the UK’s own defence industry on a war footing. One of the...

   Bank of England Chief Economist Huw Pill said on Tuesday that interest rate cuts remained some way off, even if the passage of time and an absence of bad news on inflation had brought them closer.Pill said there were greater risks from cutting the Bank Rate too quickly, rather than too late a...

   UK based water technology company Pentair reported better than expected quarterly profit on Tuesday, helped by the company’s price hikes for its water purifiers.Pentair, which provides residential and industrial water technology products and services, had implemented price increases to offset slow...

   Britain will appoint Gwyn Jenkins, one of the country’s top generals, as its next national security adviser, Prime Minister Rishi Sunak told reporters on Tuesday.Jenkins is currently vice chief of the defence staff, the deputy to Chief of the Defence Staff Tony Radakin, and worked previously at the...

   More than, investors, burnt by the failure of the flagship Woodford investment fund, will be added to an over million pound million lawsuit against Hargreaves Lansdown HRGV.L , claims management group RGL said on Tuesday.RGL Management, which filed its case against the top...

   Britain’s Prince William and his wife Kate thanked the public for their messages which had been sent to mark the sixth birthday of their youngest son Louis on Tuesday.The couple, the Prince and Princess of Wales, also issued a picture of Louis on social media to mark the occasion, showing a close...

   British Prime Minister Rishi Sunak vowed that nothing would prevent him from sending asylum seekers to Rwanda after parliament finally approved the divisive policy that is designed to deter migrants from travelling in small boats to Britain.Hours after the bill passed, a French newspaper reported...

   Pfizer and BioNTech asked a London court to revoke rival Moderna’s patents over technology key to the development of vaccines for COVID , as the latest leg of a global legal battle began on Tuesday.Pfizer PFE.N and its German partner BioNTech UAy.DE sued Moderna MRNA.O at London’s High...

   Britain’s financial regulator confirmed on Tuesday that its new bespoke rule to combat greenwashing would come into force from May to stop investment firms inflating the green credentials of their products to retail customers.The new labelling rule is designed to protect consumers by ensuring...

   Data showing British businesses recorded their fastest growth in activity in nearly a year helped the pound steady against the dollar on Tuesday, after touching its lowest in five months the day before, but it remained under pressure against the euro.The pound rose as much as . against the...

   More slack in Britain’s labour market is needed to be confident that inflation will stay at , Bank of England policymaker Jonathan Haskel said on Tuesday. The labour market is central to the inflation aspect, Haskel said at a seminar at City University’s Bayes Business School when asked if he...

   British Prime Minister Rishi Sunak promised on Monday to start sending asylum seekers to Rwanda within to weeks after parliament passed much delayed legislation to facilitate the deportation of those arriving in Britain without permission.Last November, the Supreme Court declared the policy...

   British businesses recorded their fastest growth in activity in nearly a year this month, according to preliminary purchasing managers’ data that points to a bigger rebound from last year’s shallow recession than economists had been expecting.However, businesses’ costs also rose at the fastest pace...

   Britain’s government borrowed more than expected in the financial year, data showed on Tuesday, in bad news for Prime Minister Rishi Sunak who hopes to woo back voters with tax cuts ahead of a national election.The budget deficit for totalled . billion pounds billion ,...

   Two United Nations top officials on Tuesday called on the UK to reconsider its plan to transfer asylum seekers to Rwanda, warning the move would have a harmful impact on human rights and refugee protection.In a joint statement, Filippo Grandi, the U.N. High Commissioner for Refugees, and Volker...

   Britain’s blue chip FTSE .FTSE index hit a record high on Tuesday, following last week’s sharp selloff, as fears of the Middle East crisis escalating eased and investors looked ahead to top U.S. earnings later in the week.The index rose to, . shortly after the open, surpassing a...