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UK retail sales jump in June, stocks dwindle - CBI
  + stars: | 2021-06-25 | by ( Reuters Staff | ) sentiment -0.99   time to read: +1 min
FILE PHOTO: People shop in the Selfridges department store on Oxford street, as the coronavirus disease (COVID-19) restrictions ease, in London, Britain April 12, 2021. REUTERS/Henry NichollsLONDON (Reuters) - British retailers reported a jump in sales in June as the country’s fast vaccination programme encouraged shoppers to go out and spend, the Confederation of British Industry said on Friday. “This was the latest sign that the success of the vaccination programme is feeding through to stronger consumer confidence,” CBI economist Ben Jones said. The CBI survey also showed stock levels in relation to expected sales sank to their lowest since records began in August 1983 and no improvement was expected next month. The Bank of England is keeping a close eye on whether bottlenecks in supply caused by the pandemic lead to longer-term inflation pressures.
Persons: Henry Nicholls LONDON, Ben Jones Organizations: REUTERS, of British Industry, CBI, Bank of England Locations: Oxford, London, Britain, May’s
Sterling set for worst month vs dollar since September
  + stars: | 2021-06-25 | by ( Joice Alves | ) sentiment -1.00   time to read: +2 min
* Graphic: World FX rates in 2020* Graphic: Trade-weighted sterling since Brexit vote, June 25 (Reuters) - Sterling edged lower on Friday and was on track for its worst month versus the dollar since September after the Bank of England kept its policy unchanged. Investors had hoped a more optimistic economic assessment from the BoE would push sterling back towards $1.40. Sterling was down 0.1% versus the dollar at $1.3910 at 0824 GMT, and it was on track for its worst month against the greenback since September 2020. Earlier this month, sterling dropped below $1.38 against a strengthening dollar after the U.S. Federal Reserve surprised markets by signalling it would raise interest rates and end emergency bond-buying sooner than expected. Versus the euro, the pound was 0.2% lower at 85.84 pence, but was still set for a weekly gain.
Persons: BoE, Sterling, Joice Alves, Pravin Char Organizations: Sterling, Bank of England, ING, Investors, U.S . Federal Reserve, European Union Locations: Britain, England, British, Northern Ireland, EU
John Lee, Hong Kong's secretary for security, speaks during a news conference on Thursday, Jun. Chan Long Hei | Bloomberg | Getty ImagesChina on Friday promoted Hong Kong's top security official to the territory's No. Chief Executive Carrie Lam said Secretary for Security John Lee would replace Matthew Cheung as the city's chief secretary, while police chief Chris Tang would take over Lee's role. China effectively ended multiparty democracy in Hong Kong by having the ceremonial Chinese legislature impose the national security law without debate or a vote in the city's Legislative Council. In recent months, police have arrested most of the city's pro-democracy activists.
Persons: John Lee, Hong, Chan Long Hei, Carrie Lam, Matthew Cheung, Chris Tang, Hong Kong's, Jimmy Lai Organizations: Bloomberg, Getty, China, Apple Daily, Police, city's Legislative, Council, Beijing, Hong Locations: Beijing, British, Hong Kong, China, city's
BOA still trying to convince some Team GB athletes to get vaccinated: chief
  + stars: | 2021-06-25 | by ( ) sentiment -1.00   time to read: +2 min
REUTERS/Issei KatoJune 25 (Reuters) - The British Olympic Association is still trying to convince some athletes to get vaccinated against COVID-19 before next month's Tokyo Olympics, chief executive Andy Anson said. The BOA said earlier this month it was on track to ensure all athletes and staff were fully vaccinated before the Olympics. read moreThe Tokyo Games, delayed last year because of the COVID-19 pandemic, will begin on July 23. "We're trying to convince them it's the right thing to do," Anson told the BBC on Friday. Anson said the Athletes' Village in Tokyo will be "probably the toughest environment in sports at this time".
Persons: Issei Kato, Andy Anson, Anson, it's, Manasi Pathak, Peter Rutherford Organizations: Tokyo Metropolitan Government Office, REUTERS, British Olympic Association, COVID, BOA, Tokyo Games, BBC, Athletes, Olympic, Thomson Locations: Tokyo, Japan, Bengaluru
Hong Kong's police chief, security secretary to be promoted-report
  + stars: | 2021-06-25 | by ( ) + 0.99   time to read: +1 min
Hong Kong's Commissioner of Police Chris Ping-keung Tang attends a news conference in Hong Kong, China August 27, 2020. REUTERS/Tyrone SiuHONG KONG, June 25 (Reuters) - Hong Kong's Secretary of Security John Lee and police chief Chris Tang, key figures behind the city's authoritarian turn over the past year, are expected to be promoted "very soon," the South China Morning Post (SCMP) reported on Friday. Lee will replace retiring Matthew Cheung as chief secretary, leader Carrie Lam's No. The chief secretary's office and the Security Bureau did not immediately respond to requests for comment. Lee, Tang and Secretary for Justice Teresa Cheng have been key local players in Beijing's push to reassert its control over the former British colony.
Persons: Hong, Chris Ping, keung Tang, Tyrone Siu, John Lee, Chris Tang, Lee, Matthew Cheung, Carrie Lam's, Tang, SCMP, Raymond Siu, Teresa Cheng, Donny Kwok, Raju Gopalakrishnan Organizations: REUTERS, Kong's, China Morning, Security, Communist, Thomson Locations: Hong Kong, China, Tyrone Siu HONG KONG, Lee, British, Lam, Beijing
REUTERS/Lam Yik/File PhotoHONG KONG, June 25 (Reuters) - For a group of interns, Hong Kong's pro-democracy newspaper Apple Daily proved to be a work experience they will never forget. Working at Apple Daily is not just a job, it is like a mission," she said. For Ng, 21, working at the Apple Daily had been a childhood dream come true. "If I didn't get the internship at Apple Daily, I wouldn't apply to any other organisation," she told Reuters. "There won't be a paper better than Apple Daily for reporting the truth."
Persons: Lam, Hong Kong's, Cherry, Jimmy Lai, Lai, Ng, Kenji, Sharon Abratique, Anne Marie Roantree, Robert Birsel Organizations: Apple Daily, Next, REUTERS, Communist, Authorities, Reuters, Apple, Thomson Locations: Hong Kong, China, HONG KONG, Beijing, Hong, Hong Kong's Beijing, British
Russia accuses Britain, U.S. of fuelling Black Sea row
  + stars: | 2021-06-25 | by ( ) sentiment -0.99   time to read: +2 min
Russian deputy Foreign Minister Sergei Ryabkov arrives for a meeting with U.S. special envoy Marshall Billingslea in Vienna, Austria June 22, 2020. REUTERS/Leonhard FoegerMOSCOW, June 25 (Reuters) - Russia accused Britain and the United States on Friday of trying to incite conflict in the Black Sea and said it would defend its borders using all possible means, including military force. Deputy Foreign Minister Sergei Ryabkov was speaking a day after Moscow warned Britain it would bomb British naval vessels in the Black Sea if what it called provocative actions by the British navy were repeated off the coast of Russia-annexed Crimea. Russia said on Wednesday it had fired warning shots and dropped bombs in the path of a British warship to chase it out of Black Sea waters off the coast of Crimea. It said it believed any shots fired were a pre-announced Russian "gunnery exercise", and that no bombs had been dropped.
Persons: Sergei Ryabkov, Marshall Billingslea, Leonhard Foeger MOSCOW, Britain, Ryabkov, Anton Kolodyazhnyy, Alexander Marrow, Katya Golubkova Organizations: U.S, REUTERS, British, HMS, Defence Ministry, Thomson Locations: Vienna, Austria, Russia, United States, Moscow, Britain, Crimea, Washington, London, Ukraine, British, Russian, Syria's
UK Health Secretary Matt Hancock had an affair with an aide he hired on a £15,000 contract, The Sun reported. Hancock was pictured embracing Gina Coladangelo, a close friend from university who he hired. A Labour spokesperson said when "jobs are being offered to close friends who are in a personal relationship with a minister, then that needs to be looked into." Hancock, who is married, secretly hired former lobbyist Coladangelo as an adviser last year, The Sunday Times previously reported. Less than two weeks later, Hancock urged British people to minimise indoor contact with others to prevent the spread of COVID-19.
Persons: Matt Hancock, Hancock, Gina Coladangelo, Coladangelo, Catherine Haddon, Grant Shapps, who's Organizations: Sun, Labour, Service, Department for Health, Sunday Times, Oxford University, Department of Health, Institute for Government, Transport Locations: British, COVID
UK investors score another win over buyout barons
  + stars: | 2021-06-25 | by ( ) sentiment -0.93   time to read: +1 min
REUTERS/Hannah McKayLONDON, June 25 (Reuters Breakingviews) - British shareholders are 2-0 up against private equity suitors this week. On Friday London-listed UDG Healthcare (UDG.L) said buyout firm Clayton, Dubilier & Rice may sweeten its offer for the pharmaceutical services company to 10.80 pounds per share, valuing it at 2.7 billion pounds. UDG’s board recommended a bid worth 10.23 pounds per share in May, but shareholder Allianz Global Investors argued it was too cheap. On Thursday Blackstone (BX.N) bumped up its offer for British housebuilder St Modwen Properties (SMP.L) to 560 pence per share, from 542 pence read more . The concessions are a victory for shareholders who have pushed up prices of private equity takeover targets in the hope of securing higher bids read more .
Persons: Jack, Hannah McKay LONDON, Clayton, Rice, Aimee Donnellan, Didi, Peter Thal Larsen, Oliver Taslic Organizations: REUTERS, Reuters, London, Healthcare, Allianz Global Investors, Blackstone, British, Modwen Locations: London, Britain, Dubilier
UK PM Johnson will host Germany's Merkel on July 2
  + stars: | 2021-06-25 | by ( ) + 1.00   time to read: 1 min
Britain's Prime Minister Boris Johnson and German Chancellor Angela Merkel look on as they arrive for the G7 summit in Carbis Bay, Cornwall, Britain, June 11, 2021. REUTERS/Phil Noble/PoolLONDON, June 25 (Reuters) - British Prime Minister Boris Johnson will host German Chancellor Angela Merkel for a meeting on July 2, his Downing Street office said on Friday. "This will be a chance to discuss a range of issues, including deepening the UK-Germany relationship and the global response to the coronavirus pandemic," a spokesperson said. Reporting by Elizabeth Piper, writing by Andy Bruce, editing by Paul SandleOur Standards: The Thomson Reuters Trust Principles.
Persons: Boris Johnson, Angela Merkel, Phil Noble, Elizabeth Piper, Andy Bruce, Paul Sandle Organizations: Britain's, REUTERS, British, Thomson Locations: Carbis Bay, Cornwall, Britain, Germany
Julian Assange's partner Stella Moris reacts after a court denied bail to WikiLeaks founder Julian Assange, outside the Westminster Magistrates Court in London, Britain January 6, 2021. REUTERS/Henry NichollsLONDON, June 25 (Reuters) - President Joe Biden must let Julian Assange go free if he wants the United States to become a beacon for a free press once again and put the legacy of Donald Trump behind it, the fiancée of the WikiLeaks founder told Reuters. "If Biden really wants to break with the Trump legacy, then he has to drop the case," Moris told Reuters in an interview. The U.S. Justice Department said in February it planned to continue to seek the extradition for Assange to face hacking conspiracy charges. "A superpower that has a free press is very different in nature from one that does not."
Persons: Julian Assange's, Stella Moris, Julian Assange, Henry Nicholls LONDON, Joe Biden, Donald Trump, Assange, fiancée Stella Moris, Biden, Trump, Moris, Julian, Barack Obama, Weeks, Vanessa Baraitser, Julian wouldn't, he's, Philippa Fletcher Organizations: Court, REUTERS, Reuters, Washington, WikiLeaks, U.S . Justice Department, Apache, U.S, Thomson Locations: Westminster, London, Britain, United States, U.S, Afghanistan, Iraq, Baghdad, Sweden, British, Australian, China, Saudi Arabia, Belmarsh
Gibraltar approves easing strict abortion law in referendum
  + stars: | 2021-06-25 | by ( ) + 0.86   time to read: +2 min
People stand and walk along a main street during the abortion referendum in the British Overseas territory of Gibraltar, June 24, 2021. REUTERS/Jon NazcaMADRID, June 25 (Reuters) - A majority of Gibraltarian voters have supported the easing of a strict abortion law in a referendum, officials in the tiny British territory on the southern tip of Spain said on Friday. Gibraltar's criminal law had banned abortion in all circumstances, with a maximum punishment in theory of life in prison. The referendum had originally been scheduled for March 2020, but was postponed because of the coronavirus pandemic. Even with the amendment approved on Thursday, the law remains more restrictive than in most of the rest of Europe.
Persons: Jon Nazca, Fabian Picardo, Gareth Jones Organizations: British Overseas, REUTERS, Twitter, Inti, Thomson Locations: British, Gibraltar, Jon Nazca MADRID, Spain, Britain, Europe
UK health minister pictured kissing aide; opposition wants appointment 'looked into'
  + stars: | 2021-06-25 | by ( ) sentiment -1.00   time to read: +2 min
Britain's Health Secretary Matt Hancock leaves his house, in London, Britain June 17, 2021. The Rupert Murdoch-owned Sun tabloid said the picture of Hancock, who is married, and the aide was taken last month. The Sun said Hancock met the aide at Oxford University in the early 2000s. Asked about the appropriateness of appointing friends to positions in government, Transport Minister Grant Shapps told Sky News that "very strict rules were in place. "In terms of the rules, anyone who has been appointed has to go through an incredibly vigorous process in government," Shapps said.
Persons: Matt Hancock, Henry Nicholls LONDON, Hancock, Rupert Murdoch, Grant Shapps, Shapps, Paul Sandle, Guy Faulconbridge, Mike Collett Organizations: REUTERS, British, Sun, Labour Party, Ministers, Labour, Reuters, Oxford University, Transport, Sky News, White, Thomson Locations: London, Britain
Djokovic to play British teenager Draper as Wimbledon returns
  + stars: | 2021-06-25 | by ( Martyn Herman | ) + 0.00   time to read: +3 min
World number one Djokovic is halfway to a calendar-year Grand Slam after winning the Australian and French Open titles, taking his overall tally to 19 majors. Draper, 19, will be making his Grand Slam main draw debut. read moreSerena Williams, who Halep beat to won the title in 2019, will begin her latest quest to claim a record-equalling 24 Grand Slam titles, against Aliaksandra Sasnovich of Belarus. Eight-time Wimbledon champion Roger Federer, who turns 40 this year, takes on Frenchman Adrian Mannarino in round one. The standout match of the women's opening round sees twice Wimbledon champion Petra Kvitova, seeded 10, up against former U.S. Open champion Sloane Stephens.
Persons: Serbia's Novak Djokovic, Switzerland's Roger Federer Laurence Griffiths, Halep, Serena, Sasnovich, Suarez Navarro, Novak, Jack Draper, Simona Halep, Draper, Romanian Halep, Serena Williams, Aliaksandra Sasnovich, Ash, Spain's Carla Suarez Navarro, Andy Murray, Nikoloz, Roger Federer, Frenchman Adrian Mannarino, Kevin Anderson, Stefanos Tsitsipas, Daniil Medvedev, Germany's Jan, Lennard, Marin Cilic, Australian Margaret Court, Angelique Kerber, Coco Gauff, Williams, Gauff, Francesca Jones, Petra Kvitova, Sloane Stephens, Martyn Herman, Ken Ferris Organizations: Lawn Tennis, Croquet Club, Grand, Suarez Navarro LONDON, Wimbledon, Georgian, Nikoloz Basilashvili, Australian, U.S, Thomson Locations: London, Britain, British, Romanian, Belarus, Australia, American
MOSCOW — Russia is prepared to target intruding warships if they fail to heed warnings, a senior diplomat declared Thursday after a Black Sea incident in which a British destroyer sailed near Crimea in an area that Russia claims as its territorial waters. Britain denied that account, insisted its ship wasn’t fired upon and said it was sailing in Ukrainian waters. Minutes later, the Defender left Russian waters, the ministry said. It insisted the ship was making a routine journey through an internationally recognized travel lane and remained in Ukrainian waters. The U.K., like most of the world, recognizes Crimea as part of Ukraine despite the peninsula's 2014 annexation by Russia.
Persons: wasn’t, Sergei Ryabkov, , Ryabkov, ” Ryabkov, don’t, Dmitry Peskov, ” Peskov, Boris Johnson, ” Johnson Organizations: NATO, NBC, Russian Federation, Russian Defense Ministry, HMS, Russian, Royal Navy Locations: MOSCOW, Russia, British, Crimea, Crimean, Sevastopol, Moscow, Russian, Britain, Ukraine, Ukrainian, England
Hundreds of unmarked graves have been located near a former residential school for Indigenous children in Canada, an Indigenous group announced Thursday, a finding that follows the discovery last month of human remains at a similar site — prompting a national reckoning of a shameful chapter in Canadian history. A preliminary investigation by Cowessess First Nation, whose lands are located in Saskatchewan province, led to an estimated 751 unmarked graves at a cemetery near the former Marieval Indian Residential School, Cowessess Chief Cadmus Delorme said at a virtual news conference. Delorme emphasized that the findings were of unmarked graves and not a mass grave site. The latest revelation comes a month after the remains of 215 children, some as young as 3, were found buried on the site of what was once Canada's largest Indigenous residential school near Kamloops, British Columbia. A makeshift memorial honoring the 215 children whose remains have been discovered buried near the facility surrounds a monument outside the former Kamloops Indian Residential School in Kamloops, British Columbia, Canada, on June 2, 2021.
Persons: Cadmus Delorme, Cowessess, Delorme, Cole Burston, Justin Trudeau, Deb Haaland Organizations: Cowessess, Indian Residential School, Roman Catholic Church, CTV, Catholic, Commission, Kamloops Indian Residential School, Nations, NBC, United Locations: Canada, Saskatchewan province, Delorme, Kamloops , British Columbia, Kamloops, AFP, Canadian, United States, U.S, Laguna Pueblo, American
Lone Star ends pursuit of UK's Senior after five rejections
  + stars: | 2021-06-24 | by ( Pushkala Aripaka | ) sentiment -0.99   time to read: +1 min
Summary Lone Star's latest offer was worth $1.2 billionSenior confident of executing on its strategyJune 25 was deadline for Lone Star to make firm offer or opt outJune 24 (Reuters) - Lone Star Global formally ended its months-long pursuit of Britain's Senior Plc (SNR.L) on Thursday after the aircraft and car parts supplier this week rejected the private equity firm's fifth and final offer of 839 million pounds ($1.2 billion). London-listed Senior said on Tuesday there was no basis for it to engage with Lone Star at present after the fund a day earlier said its 200-pence-per-share proposal could only be increased if a rival offer was made. Senior has said all five proposals from U.S.-based Lone Star undervalued its business. Lone Star had until June 25 to make a firm offer or walk away. According to British takeover rules, Lone Star could still return within six months as long as some conditions are met, such as an agreement with Senior's board and if the country's takeover regulator intervenes, the fund said.
Persons: Pushkala, Shounak Dasgupta Organizations: Lone Star, Lone Star Global, Britain's, Thomson Locations: London, British, Bengaluru
British homebuilder Crest Nicholson raises 2021 profit forecast
  + stars: | 2021-06-24 | by ( Ajose Koilparambil | ) sentiment -0.99   time to read: +2 min
(Reuters) - British homebuilder Crest Nicholson raised its annual profit forecast and said its sales would grow even as the government gradually tapers stamp duty breaks aimed at propping up the housing market during the pandemic. In July 2020, the threshold at which homebuyers in much of Britain would pay stamp duty - or property purchase tax - was raised from 125,000 to 500,000 pounds ($175,000-$700,000). The midcap company raised its forecast for its 2021 adjusted profit before tax to at least 100 million pounds, from a previous forecast of 95 million pounds. That would represent a rise of about 118% versus last year, when it made 45.9 million pounds of profit. Another British homebuilder, Vistry - which has a relatively higher exposure to lower-priced homes - will see earnings growth slow to 17% next year, according to the Refinitiv forecast data.
Persons: Crest Nicholson, , Nicholson, Organizations: Reuters, Barclays Locations: London, England, Britain, British
How the Office Became a Place to Work
  + stars: | 2021-06-24 | by ( Amanda Foreman | ) sentiment -0.99   time to read: +2 min
Wall Street wants its workforce back in the office. Contrary to popular belief, office work is not a beastly invention of the capitalist system. The word “office” is an amalgamation of the Latin officium, which meant a position or duty, and ob ficium, literally “toward doing.” Geoffrey Chaucer was the first writer known to use “office” to mean an actual place, in “The Canterbury Tales” in 1395. Three years later, the East India Company began administering its Indian possessions from gleaming new offices in Leadenhall Street. The essayist and critic Charles Lamb joined the East India Company there as a junior clerk in 1792 and stayed until his retirement, but he detested office life, calling it “daylight servitude.” “I always arrive late at the office,” he famously wrote, “but I make up for it by leaving early.”
Persons: Amanda Foreman, Morgan Stanley, Goldman Sachs, ” Geoffrey Chaucer, Medicis, Florence, Charles Lamb, ” “, Organizations: Bank of America, Royal Navy, Ripley, Admiralty, East India Company Locations: Mesopotamia, , Europe, British, London, Leadenhall
Staff members of Apple Daily and its publisher Next Digital pose with the final edition of Apple Daily at its headquarters in Hong Kong, China June 24, 2021. REUTERS/Tyrone SiuHONG KONG, June 24 (Reuters) - Hong Kong residents rushed in the early hours of Thursday to snap up copies of the final edition of pro-democracy newspaper Apple Daily, forced to end a 26-year run after getting embroiled in a national security crackdown. "All rights and freedom, including media freedom, cannot go beyond the bottom line of national security." In Canada, Foreign Minister Marc Garneau said the forced closure of Apple Daily was a significant blow to freedom of press and speech in Hong Kong. Authorities froze the assets of companies related to Apple Daily, which senior executives said left it unable to operate.
Persons: Tyrone Siu, Jimmy Lai, queued, Tse, Hong Kongers, Dickson Ng, Marc Garneau, Ryan Law, Cheung Kim, Lai, Sharon Abratique, Anne Marie Roantree, Gerry Doyle Organizations: Apple Daily, REUTERS, RTHK, Science, Technology Park Corporation, Apple, Mainland Affairs, Authorities, Thomson Locations: Hong Kong, China, Tyrone Siu HONG KONG, Beijing, Mong Kok, British, Canada
Roglic, meanwhile, beat his young compatriot at the Tour of the Basque country in their only head-to-head duel in a stage race this season, more than two months ago. While Pogacar has shown more individual brilliance than Thomas, Carapaz or Geoghegan Hart, he is likely to suffer if the British outfit try to attack him with several riders. "We won't win this tour by sitting on the wheels. We have the team to make it a racers' race, take the initiative, seize every opportunity and make our opposition focus for every kilometre of every stage," team manager Dave Brailsford said. With his climbing abilities, Ecuador's Carapaz could emerge as the team leader as the Tour progresses.
Persons: Richard Carapaz, Sergio Perez BREST, Pogacar, Roglic, Geraint Thomas, Tao Geoghegan Hart, Richie Porte, Thomas, Carapaz, Geoghegan Hart, Dave Brailsford, Ecuador's, Porte, Julian Alaphilippe of France, Dutchman Mathieu van der, Van der Poel, Raymond Poulidor, Chris Froome, Luz, du Tourmalet, Mark Cavendish, Julien Pretot, Hugh Lawson Organizations: Grenadiers, de France, Ineos, Giro, Reuters, Criterium, Thomson Locations: Madrid, Spain, France, Brest, Slovenia, Roglic, Basque, Brittany, British, Landerneau
After 'negative spiral', EU seeks new Russia strategy
  + stars: | 2021-06-24 | by ( Robin Emmott | ) + 0.00   time to read: +3 min
European Union leaders attend a round table meeting on the second day of a face-to-face EU summit in Brussels, Belgium May 25, 2021. Since Russia annexed Ukraine's Crimea peninsula in 2014 and the EU froze summits with Putin, EU policy has zigzagged between imposing economic sanctions and allowing a new gas pipeline from Russia to Germany to reach completion. EU leaders are now expected to build on that paper to flesh out ways to both call out covert Russian action and work with Moscow on combating climate change. "Out of a confrontational of ideas comes understanding," a senior EU diplomat said in support of the EU strategy, although the envoy doubted a sudden improvement in trust. The EU will on Thursday or Friday publish details of economic sanctions on Belarus, an ally of Russia that the Kremlin sees as a buffer state between Russia and NATO.
Persons: Olivier Matthys, Vladimir Putin, Putin, Joe Biden's, Dmytro Kuleba, Emmanuel Macron, Robin Emmott, Angus MacSwan Organizations: Union, Russia, EU, European Commission, NATO, Thomson Locations: Brussels, Belgium, Russia, France, Germany, Turkey, COVID, BRUSSELS, Moscow, U.S, Geneva, Ukraine, Belarus, EU, Baltics, Ukrainian, Ukraine's Crimea, Russian, British, Crimea, Britain
Climate watchdog says Britain lacks a strategy to meet its goals.
  + stars: | 2021-06-24 | by ( Stanley Reed | ) sentiment -0.99   time to read: 1 min
An influential watchdog group on Thursday said the British government was doing far too little to implement the ambitious pledges it has made on tackling climate change. Although the government has promised to cut its greenhouse emissions to net zero by 2050, it has failed to take interim steps — such as tax incentives for reducing emissions — essential to meet that goal, according to a report by the group, the Committee on Climate Change. “The trouble is the action, the delivery has just not been there,” said John Gummer, chairman of the committee, which is funded by the British government to advise lawmakers on environmental policies. The criticism may prove uncomfortable for Prime Minister Boris Johnson. Mr. Johnson has made leadership on climate diplomacy a key pillar for the post-Brexit Britain that he is trying to shape.
Persons: , John Gummer, Boris Johnson, Johnson Locations: British, Britain
Blackstone raises buyout offer for Britain's St. Modwen Properties to $1.75 bln
  + stars: | 2021-06-24 | by ( ) sentiment -0.99   time to read: +1 min
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid/File PhotoJune 24 (Reuters) - Private equity firm Blackstone Group (BX.N) has sweetened its buyout offer for St. Modwen Properties (SMP.L) to 1.25 billion pounds ($1.75 billion), the companies said on Thursday, adding that the London-listed firm was backing the latest proposal. The 560 pence per share cash offer for St. Modwen is the final offer, the companies said, adding that Blackstone could make another proposal if another suitor for St. Modwen emerged. Last month, Blackstone put forward a 542 pence per share takeover proposal, after the U.S.-based company had made a series of overtures to the British real estate developer. The latest offer is at a premium of about 25% to St. Modwen's closing price the day before the first offer was made in May.
Persons: Brendan McDermid, Modwen, Blackstone, Pushkala, Shounak Dasgupta Organizations: Blackstone Group, New York Stock Exchange, REUTERS, St, Thomson Locations: London, U.S, British, Britain, Bengaluru
UK fintech Wise set to list in London on July 7
  + stars: | 2021-06-24 | by ( ) sentiment -1.00   time to read: +2 min
Wise logo is seen on a smartphone in front of a displayed detail of the same logo in this illustration taken June 18, 2021. REUTERS/Dado Ruvic/IllustrationLONDON, June 24 (Reuters) - British financial technology company Wise confirmed on Thursday that it plans to list in early July, in a test for London's main market as investor appetite for company floats starts to wane. Bookrunners said trading was expected to start on July 7 after a management roadshow that begins on July 1. Kristo Käärmann, CEO and co-founder of Wise, said: "This process will broaden the ownership of Wise, in support of our mission to move money around the world faster, cheaper and more conveniently. Some technology firms have had a rough ride so far on their London market debuts this year, with Deliveroo and Alphawave both diving on their debuts and still trading well below their listing prices.
Persons: Dado Ruvic, Wise, Bookrunners, Kristo Käärmann, we've, Iain Withers, Rachel Armstrong Organizations: REUTERS, London Stock, Reuters, London, Companies, Thomson Locations: British, London
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