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☆ Rishi Sunak, Britain’s Prime Minister, Is Probably Doomed - The New York Times
▼ + stars: | 2023-10-25 | by ( Katy Balls | ) www.nytimes.com time to read: +2 min

When Rishi Sunak became prime minister of Britain a year ago, there was little sense of celebration. Mr. Sunak, who had been rejected by Conservative Party members earlier in the year, was inserted by lawmakers in the desperate hope he could calm the crisis. But that’s where the good news stops for the prime minister. While Mr. Sunak has moved his party out of crisis mode, he is yet to win over voters. Mr. Sunak may be doing his best, in trying circumstances.

Persons: Rishi Sunak, Liz Truss, Sunak, Keir Starmer, — Organizations: Conservative Party, European Union, Conservatives, Labour Party Locations: Britain, It’s

American intelligence officials said Tuesday they now had “high confidence” that the blast at Al-Ahli Arab Hospital in Gaza last week was the result of a Palestinian rocket that broke up mid-flight, and that no Israeli weapon was involved in the explosion. Those include how many people were killed or injured when, by the U.S. account, the warhead of a Palestinian rocket landed in the parking lot of the hospital. Last week, U.S. officials said their early intelligence showed that the blast was caused by an armed Palestinian group, rebutting Palestinian claims that an Israeli strike caused the explosion. The evaluation reflected a higher degree of certainty by U.S. intelligence officials that Israel was not responsible for the blast. The declassified assessment provides no specific information on where U.S. intelligence officials think a rocket causing the blast was launched from inside Gaza.

Persons: Israel, Biden, ’, Rishi Sunak, ” Mr, Sunak Organizations: Ahli Arab Hospital, Hamas, New York Times, Palestinian, United States Locations: Al, Ahli, Gaza, U.S, Palestinian, Israel, Jihad, Israeli, United, “, Gaza City

The BoE is monitoring the labour market closely as it considers whether it needs to resume raising interest rates, having kept them on hold in September after 14 hikes in a row. Under the previous methodology, the unemployment rate had been reported as 4.3% for the three months to July rather than 4.2%. Still, the new data showed more slack in the labour market than the BoE had predicted in August, when it forecast an unemployment rate of 4.1% for the third quarter as a whole. "It is probably only a matter of time before the recent loosening of the labour market feeds through into significantly slower wage growth," Pugh said. The latest ONS estimate showed employment fell by 133,000 in the three months to July, compared with 207,000 in its previous estimate.

Persons: BoE, Thomas Pugh, Pugh, Tony Wilson, Andy Bruce, William Schomberg, Paul Sandle, Bernadette Baum Organizations: Office, National Statistics, Bank of England, Labour Force Survey, RSM, ONS, Financial, Institute for Employment Studies, Thomson

☆ Bonus cap axed for UK bankers means unlimited payouts again
▼ + stars: | 2023-10-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The UK has abandoned a cap on bankers’ bonuses, in its latest push to boost the competitiveness of London’s financial industry following Brexit. “A bonus cap is not routinely imposed in other leading international financial centers outside the EU,” the regulator added, noting that the cap had been identified as “a factor in limiting labor mobility.”The UK government has long been opposed to the cap and believes that lifting it will help shore up London’s position as an international financial hub. Brexit made access to Europe’s vast market for financial services more difficult and costly for UK-based banks, and London has lost some business to cities such as Paris, Frankfurt and Amsterdam. Britain’s financial regulators have since echoed these concerns and the PRA said Tuesday that scrapping the cap would better align pay with performance. The UK government has come under increasing pressure to deliver post-Brexit benefits for London, the center of Britain’s hugely important financial services sector.

Persons: “, “ We’re, — Organizations: London CNN, European Union, Prudential, Authority, EU, UK Finance, London, ARM Locations: London, Paris, Frankfurt, Amsterdam, ”, New York

☆ British Navy unveils novel 'Proteus' surveillance ship that can detect underwater threats from adversaries like Russia
▼ + stars: | 2023-10-21 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +2 min

Britain has formally dedicated a new surveillance ship capable of detecting underwater threats. The RFA Proteus is the first ship in the UK's "Multi-Role Ocean Surveillance" (MROS) program. The ship, which is a converted commercial vessel, underwent final testing in September. AdvertisementAdvertisementConcerned by threats to underwater pipes and cables that connect it with Europe and the rest of the world, Britain this month formally dedicated a new and unusual surveillance ship called the RFA Proteus. The 6,000-tonne vessel will be crewed by 26 sailors and "augmented by" 60 Royal Navy specialists "responsible for the undersea surveillance, survey and warfare systems," according to the Royal Navy.

Persons: —, Ben Wallace Organizations: Service, Royal, Royal Navy, Britain's Ministry of Defense, Britain's, British Locations: Britain, Europe, London, Ukraine, Nord, Finland, Estonia

☆ British PM Sunak suffers crushing by-election defeats
▼ + stars: | 2023-10-20 | by ( Andrew Macaskill | ) www.reuters.com time to read: +4 min

British Prime Minister Rishi Sunak leaves 10 Downing Street to attend Prime Minister's Questions at the Houses of Parliament in London, Britain, October 18, 2023. "Winning in these Tory strongholds shows that people overwhelmingly want change and they’re ready to put their faith in our changed Labour Party to deliver it." The contests in Mid-Bedfordshire and Tamworth were caused by the high-profile resignations of politicians close to former prime minister Boris Johnson. The accusations against him contributed to the collapse of former prime minister Boris Johnson's government. Labour won the Mid-Bedfordshire seat with a majority of over 1,100 overturning a Conservative majority of 24,664 at the last general election in 2019.

Persons: Rishi Sunak, Clodagh, Rishi Sunak's, Keir Starmer, Sunak, Boris Johnson, Nadine Dorries, Chris Pincher, Boris Johnson's, Sarah Edwards, Andrew MacAskill, Raju Gopalakrishnan Organizations: British, REUTERS, Labour Party overturns, LONDON, Conservatives, Labour Party, Labour, Conservative, Thomson Locations: London, Britain, Mid, Bedfordshire, Tamworth, England

☆ British navy chief says AUKUS submarine project needs 'rat-catchers' not regulators
▼ + stars: | 2023-10-18 | by ( David Brunnstrom | ) www.reuters.com time to read: +3 min

[1/2] U.S. President Joe Biden, Australian Prime Minister Anthony Albanese and British Prime Minister Rishi Sunak deliver remarks on the Australia - United Kingdom - U.S. (AUKUS) partnership, after a trilateral meeting, at Naval Base Point Loma in San Diego, California U.S. March 13, 2023. REUTERS/Leah... Acquire Licensing Rights Read moreWASHINGTON, Oct 17 (Reuters) - The head of Britain's Royal Navy joined Australia on Tuesday in questioning U.S. bureaucratic hurdles facing the three-country AUKUS project to supply Australia with nuclear-powered submarines. "If your rules environment is to prevent your adversaries from getting it and seeing what it is, that's probably realistic," Key said. "If your rules environment is to allow you a competitive edge in a different way, then I would question whether that's really enabling what matters to us all, which is to try and ensure a security framework." Rudd spoke ahead of a visit to Washington next week by Australian Prime Minister Anthony Albanese at which AUKUS will be high on the agenda.

Persons: Joe Biden, Anthony Albanese, Rishi Sunak, Leah, Sir Ben Key, we'd, Key, we've, Biden, Kevin Rudd, Rudd, David Brunnstrom, Lincoln Organizations: Australian, British, U.S, Naval Base Point, San Diego , California U.S, REUTERS, Britain's Royal Navy, Australia, Washington's Center, Strategic, International Studies, Britain, State Department, Thomson Locations: Australia, United Kingdom, Naval Base Point Loma, San Diego , California, WASHINGTON, U.S, Trafalgar, Jutland, Washington, Britain

☆ Banks’ wealth-management heyday may have passed
▼ + stars: | 2023-10-18 | by ( Liam Proud | ) www.reuters.com time to read: +8 min

For wealth managers, that will make revenue growth much harder to come by, shifting the focus to controlling expenses. LOSING ITS SPARKLEIn Wall Street parlance, wealth management is a capital-light business. Little wonder Morgan Stanley boss James Gorman focused on wealth management after taking charge in 2010. The good news for UBS and Morgan Stanley is that they are better placed than most to handle these pressures. The bank’s wealth-management business generated a 35% ROTE, while the division that houses investment banking and trading managed just 8%.

Persons: UBS –, Morgan Stanley’s, Morgan Stanley, James Gorman, Sergio Ermotti, Goldman Sachs, Italy’s, Iqbal Khan, Morgan Stanley’s Andy Saperstein, Peter Thal Larsen, Sharon Lam, Oliver Taslic Organizations: Reuters, Wealth, UBS, Credit Suisse, HSBC, HK, Lloyds Banking Group, Revenue, Treasury, Big, Thomson Locations: Swiss, United States, Americas, Switzerland, Britain’s St, James’s

[1/2] A BR700-725 jet engine is seen at the assembly line of the Rolls-Royce Germany plant, in Dahlewitz near Berlin, Germany February 28, 2023. Tufan Erginbilgic, who took over in January, is the latest chief executive to try to tackle the company's inefficiencies. On Tuesday the company said it planned to shed up to 2,500 roles out of its total staff of 42,000. "This is another step on our multi-year transformation journey to build a high performing, competitive, resilient and growing Rolls-Royce," he said. One in 2020 aimed at surviving the pandemic which slashed 9,000 jobs, and one in 2018 which made 4,600 redundancies.

Persons: Nadja Wohlleben, Grazia Vittadini, Tufan Erginbilgic, Royce, Warren East, Sarah Young, Kate Holton, Emelia Organizations: Royce, REUTERS, Airbus, Boeing, General Electric, Tuesday, Warren, Thomson Locations: Royce Germany, Dahlewitz, Berlin, Germany, Britain, United States

[1/2] A BR700-725 jet engine is seen at the assembly line of the Rolls-Royce Germany plant, in Dahlewitz near Berlin, Germany February 28, 2023. Tufan Erginbilgic, who took over in January, is the latest chief executive to try to tackle the company's inefficiencies. On Tuesday the company said it planned to shed up to 2,500 roles out of its total staff of 42,000. "This is another step on our multi-year transformation journey to build a high performing, competitive, resilient and growing Rolls-Royce," he said. As part of the new streamlining plan, Rolls-Royce said it would merge its engineering technology and safety groups, and as a result chief technology officer Grazia Vittadini would leave in April 2024.

Persons: Nadja Wohlleben, Grazia Vittadini, Tufan Erginbilgic, Royce, Warren East, Sarah Young, Kate Holton Organizations: Royce, REUTERS, Airbus, Boeing, GE, Tuesday, Warren, Thomson Locations: Royce Germany, Dahlewitz, Berlin, Germany, LONDON

☆ Asking prices of UK homes show smallest October rise since 2008
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 16 (Reuters) - Asking prices for homes in Britain have risen at their slowest pace for the time of year since 2008, property website Rightmove said on Monday in a latest sign of how the climb in borrowing costs has slowed the housing market. Average asking prices for homes increased by 0.5% between Sept. 10 and Oct. 7 from the previous four weeks, well below the average increase for the period of 1.4%, Rightmove said. Prices were down 0.8% compared with a year earlier and the number of agreed sales was down 17% in annual terms. Other measures of Britain's housing market - which boomed during the COVID-19 pandemic - have also cooled with the Royal Institution of Chartered Surveyors' measure of house prices showing the most widespread falls since 2009 in September. Reporting by William Schomberg; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.

Persons: Rightmove, Tim Bannister, William Schomberg, William James Our Organizations: Royal Institution, Chartered Surveyors, Bank of England, Thomson Locations: Britain

☆ Palestine Supporters March in London Against Israel Action in Gaza
▼ + stars: | 2023-10-14 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

LONDON (Reuters) - Thousands of pro-Palestinian demonstrators marched in central London on Saturday, calling for an end to Israel's military action in the Gaza Strip which was triggered by last weekend's rampage in Israel by the Hamas militant group. Chants were aimed at the governments of Britain and the United States for supporting Israel. Belal Stitan, a 22 year-old student, said he was fearful for his relatives in Gaza. "This situation is a big, big problem for humanity and for me to have to say to the world, remember that we are human beings ..., I can't believe that we are here." Police issued warnings before the "March for Palestine" that anyone with a flag expressing support for Hamas or other groups proscribed as terrorist by Britain would be arrested.

Persons: Rishi Sunak, Belal, Natalie Thomas, Will Russell, William Schomberg, Christina Fincher Organizations: Palestinian, Oxford Circus, British, Israel, Police, Palestine, BBC Locations: London, Gaza, Israel, Britain, United States

☆ Palestine supporters march in London against Israel action in Gaza
▼ + stars: | 2023-10-14 | by ( ) www.reuters.com time to read: +2 min

[1/5] Demonstrators protest in solidarity with Palestinians, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in London, Britain, October 14, 2023. REUTERS/Susannah Ireland Acquire Licensing RightsLONDON, Oct 14 (Reuters) - Thousands of pro-Palestinian demonstrators marched in central London on Saturday, calling for an end to Israel's military action in the Gaza Strip which was triggered by last weekend's rampage in Israel by the Hamas militant group. Chants were aimed at the governments of Britain and the United States for supporting Israel. Belal Stitan, a 22 year-old student, said he was fearful for his relatives in Gaza. Reporting by Natalie Thomas and Will Russell Writing by William Schomberg Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Susannah Ireland, Rishi Sunak, Belal, Natalie Thomas, Will Russell, William Schomberg, Christina Fincher Organizations: Hamas, REUTERS, Palestinian, Oxford Circus, British, Israel, Police, Palestine, BBC, Thomson Locations: Israel, Palestinian, London, Britain, Gaza, United States

☆ Hamas was 'laying a trap' for Israel by attacking, and is goading it to invade Gaza: Ex-MI6 chief
▼ + stars: | 2023-10-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

A former UK intel chief said Hamas "laid a trap" for Israel. He said the militant group was provoking Israel to invade Gaza. AdvertisementAdvertisementAttacks by the Hamas militant group were likely a ploy to lure Israel into a costly ground invasion of Gaza, the former head of Britain's MI6 spy agency said. Roberto Serra - Iguana Press/Getty Images"And it's really obvious now that Hamas are essentially laying a trap for Israel," said Younger. There are fears the conflict could expand if Israel invades Gaza, and Iran-backed militia Hezbollah could launch attacks on Israel from Lebanon.

Persons: —, Israel, Alex Younger, Sir Alex Younger, Roberto Serra, ", Benjamin Netanyahu Organizations: intel, Hamas, Service, Gaza, UK Intelligence Service MI6, Palace, Iguana Press, Hezbollah Locations: Israel, Gaza, Trento, Trentino, Italy, Iran, Lebanon

The Grand National will reduce its field to 34 horses as part of a slew of significant changes, taking effect from next year, in an effort to make the world’s most famous steeplechase safer for horses and jockeys. Other changes include softening the fences by using foam and rubber toe boards, and moving the first fence closer to the start to stop horses building up too much speed. The race will also start earlier in the day, so the course stays as soft as possible, and the horses will set off from a standing start. The Grand National has had a field of 40 horses since 1984, which has often been cited — along with the size of the fences — as a key reason why 16 horses have died in the race since the turn of the century. "Racing is the same in that we have to evolve to ensure the future of the sport.”The 2024 Grand National takes place on April 13.

Persons: ”, Nevin Truesdale, Ruby Walsh, Walsh, ___ Organizations: Aintree, Jockey, British Horseracing Authority, Welfare, RSPCA, Rugby Locations: Britain

At least 1,055 people have died in Gaza, with some 5,184 injured, according to the Palestinian Ministry of Health. New York City's Empire State Building, illuminated in the colors of the flag of Israel on October 7. “This was the largest number of Jewish victims in an attack in one day since the Holocaust,” he said. “Not during the Yom Kippur War, not in the war of independence did we see civilians killed like this. Fighting regularly takes place between Israel and Palestinian factions in Gaza, including Hamas and Islamic Jihad.

Persons: CNN —, Israel’s, Benjamin Netanyahu, Yoav Gallant, Gary Hershorn, Kathy Hochul, Adam Gray, Emmanuel Macron, Gérald Darmanin, Laurent Nuñez, Marie, Sarah Seeberger, Israel, Benoit Tessier, ”, Olaf Scholz, “, Suella Braverman, ” Braverman, Wiktor, ” Mark Gardner, Gardner, Peter Nicholls, Rishi Sunak, Robert Jenrick, Dean Lewins, Pinchas Goldschmidt, Goldschmidt, ” Goldschmidt, Carl Court, Gazans, Nadim, CNN “, Zaghloul, OCHA, Médecins, Avril Benoît Organizations: CNN, Israel Defense Forces, Palestinian Ministry of Health, Corbis, Getty, Solidarity, Opera, White, Washington DC, FBI, Department of Homeland Security, police, Marseille, Jewish, of France, Reuters, Authorities, London’s Metropolitan Police, “, Community Security Trust, Police, Publishing, Security, Hamas, ISIS, ”, Downing, Jewish Leadership Council, Saturday, Sydney Opera House, Israel, West Bank, Palestine Solidarity Campaign, Conference, Embassy, Islamic, ’, United Nations Office, of Humanitarian Affairs, MSF Locations: Israel, Gaza, . New York, Paris, Washington, United States, New York, New York City, France, French, Lyon, Paris Monday, United Kingdom, Germany, Berlin, London, London’s, Britain, Israel's, Palestine, Moscow, Ukraine, Jerusalem, Europe, Egypt

☆ UK TV star Willoughby steps down as presenter of ITV morning show
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

Television presenter Holly Willoughby arrives for the BRIT music awards at the O2 Arena in Greenwich, London, February 25, 2015. REUTERS/Suzanne Plunkett/File Photo Acquire Licensing RightsLONDON, Oct 10 (Reuters) - Television presenter Holly Willoughby, one of Britain's most high-profile broadcasters, quit as co-host of ITV's (ITV.L) popular daytime programme 'This Morning' on Tuesday, citing the need to prioritise her family. In a post on Instagram, Willoughby said she had informed ITV bosses she would not be returning to the show she had helped host for 14 years. Thank you to everyone at ITV for being supportive," Willoughby said in a statement. ITV, Britain's biggest free-to-air commercial broadcaster, called Willoughby "one of the best loved, respected and most accomplished broadcasters in the UK".

Persons: Holly Willoughby, Suzanne Plunkett, Willoughby, Willoughby's, Philip Schofield, Holly, Kevin Lygo, Farouq Suleiman, William James Our Organizations: BRIT, O2, REUTERS, ITV, Britain's, Media, Entertainment, Thomson Locations: Greenwich , London, Instagram

[1/2] Chairman Anthony Thomson (L) and Vice Chairman Vernon Hill pose with a dog outside the first branch of Metro Bank in Holborn in central London July 29, 2010. Metro declined to comment on Tuesday. A Starling spokesperson said the lender was making inroads into the big banks' market dominance. Metro is not the only smaller bank to have faced problems. One option is for smaller banks to gain scale through mergers and acquisitions.

Persons: Anthony Thomson, Vernon Hill, Toby Melville, John Cronin, Caius Capital, Jaime Gilinski, Dorita, Gilinski, Monzo, Starling, We've, Morgan Stanley, Gary Greenwood, Rupak Ghose, Shore Capital's Greenwood, Ghose, Shawbrook, Iain Withers, Pablo Mayo Cerqueiro, Anousha Sakoui, Huw Jones, Amy, Jo Crowley, Sinead Cruise, Chiara Elisei, Nelson Bocanegra, Alexander Smith, Jonathan Oatis Organizations: Metro Bank, REUTERS, Yorkshire, Lloyds, NatWest, HSBC, Barclays, Metro, Caius, Varde Partners, Harvard, Forbes, Finance, Bank of England, London Stock Exchange, The Bank of England, Prudential, Authority, Shore Capital, Reuters Graphics Reuters, Shore, Financial, Bank, Reuters, Thomson Locations: Holborn, London, BOGOTA, Starling, Colombian, Latin America, Metro, Bogota

Persons: Anthony Thomson, Vernon Hill, Toby Melville, John Cronin, Caius Capital, Monzo, Starling, We've, Morgan Stanley, Gary Greenwood, Rupak Ghose, Shore Capital's Greenwood, Ghose, Shawbrook, Jaime Gilinski, Dorita, Iain Withers, Pablo Mayo Cerqueiro, Anousha Sakoui, Huw Jones, Amy, Jo Crowley, Sinead Cruise, Chiara Elisei, Alexander Smith Organizations: Metro Bank, REUTERS, Yorkshire, Lloyds, NatWest, HSBC, Barclays, Metro, Caius, Varde Partners, Finance, Bank of England, London Stock Exchange, The Bank of England, Prudential, Authority, Shore Capital, Reuters Graphics Reuters, Shore, Financial, Bank, Reuters, Thomson Locations: Holborn, London, Starling, Metro, Colombian

☆ Britain to return asylum seekers to barge after bacteria scare
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 10 (Reuters) - Britain said on Tuesday it would once again house a group of asylum seekers on a barge on its southern coast, two months after removing them due to the presence of contaminated water on the vessel. Following safety tests, the government has now started sending letters to asylum seekers confirming they will be moved to the barge, an interior ministry spokesperson said. "The letters confirm the next steps for asylum seekers and reiterate that all asylum accommodation continues to be offered on a no-choice basis," the spokesperson added. A separate plan to deport such migrants to Rwanda is being tested in Britain's Supreme Court this week. ($1 = 0.8158 pounds)Reporting by Sachin Ravikumar; Editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

Persons: Bibby, Sachin Ravikumar, Kate Holton Organizations: Thomson Locations: Britain, Bibby Stockholm, France, Rwanda

☆ Protester throws glitter on UK Labour leader Starmer
▼ + stars: | 2023-10-10 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsProtester throws glitter on UK Labour leader StarmerPostedKeir Starmer, the leader of Britain's opposition Labour Party, was covered in glitter by a protester who stormed the stage on Tuesday (October 10) just before he began his speech at the party's annual conference.

Persons: Starmer, Keir Starmer Organizations: Labour, Labour Party

Britain's Labour Party Leader Keir Starmer addresses the start of the National Annual Women's Conference, ahead of the start of Britain's Labour Party annual conference, in Liverpool, Britain, October 7, 2023. REUTERS/Phil Noble Acquire Licensing RightsLIVERPOOL, England, Oct 9 (Reuters) - Labour leader Keir Starmer will appeal directly to British voters on Tuesday, saying his revamped opposition party is best placed to boost economic growth and offer the country the hope that "things will be better for your children". Aides say Starmer knows he must try to convey a sense of reassurance that Labour can get to work on fixing a multitude of problems from poor public services to sluggish growth. "What is broken can be repaired, what is ruined can be rebuilt," he will tell hundreds of the party faithful at the conference in the northern English city of Liverpool. "We have to be a government that takes care of the big questions so working people have the freedom to enjoy what they love," he will say.

Persons: Keir Starmer, Phil Noble, Starmer, Jeremy Corbyn, Elizabeth Piper, Gareth Jones 私 Organizations: Britain's Labour, Britain's Labour Party, REUTERS, Rights, Labour, Health Service Locations: Liverpool, Britain, Rights LIVERPOOL, England, English, Scotland

☆ Metro Bank shares jump after deal to bolster finances
▼ + stars: | 2023-10-09 | by ( Iain Withers | ) www.reuters.com time to read: +3 min

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsSummaryCompanies Metro Bank shares up as much as 26%Colombian billionaire Jaime Gilinski to take majority controlMetro backers face 'very painful rescue' - analystLONDON, Oct 9 (Reuters) - Shares in Metro Bank (MTRO.L) jumped in early trading on Monday, after the embattled British lender struck a fundraising deal overnight to bolster its balance sheet following urgent weekend talks in the wake of volatile trading. Metro Bank shares were up 26% at 56.9 pence by 0800 GMT. As part of the deal, Metro has agreed to a capital raise comprising 150 million pounds of new equity and a 175-million-pound issuance of bail-in debt known as "MREL". Metro shares remain around 97% down from when it first listed on the London stock exchange in 2016 at 20 pounds a share.

Persons: Hannah McKay, Jaime Gilinski, Gary Greenwood, John Cronin, Iain Withers, Louise Heavens, Clarence Fernandez Organizations: Metro Bank, REUTERS, Metro, Shore Capital, Bank of England's Prudential, Authority, Lloyds, HSBC, Metro's, Spaldy Investments, Thomson Locations: London, Britain

LONDON, Oct 8 (Reuters) - Embattled British bank Metro (MTRO.L) announced a 325 million pound ($396.5 million) capital raise and 600 million pound debt refinancing on Sunday, after a weekend of urgent talks to bolster its balance sheet after a volatile week of trading. Metro Bank had sought to shore up its finances after a string of setbacks in recent years, including accounting errors, leadership departures and delayed regulatory approval for key capital reliefs. The equity raise was led by Metro's largest shareholder, Gilinski-owned Spaldy Investments, which contributed 102 million pounds. The Bank of England's Prudential Regulation Authority said in a statement: "The Prudential Regulation Authority welcomes the steps taken by Metro Bank to strengthen its capital position." Reuters reported on Friday that Metro Bank was set to discuss funding options with its shareholders over the weekend, after a proposal from bondholders earlier in the week was seen as handing over too much control.

Persons: Jaime Gilinski, Gilinski, Iain Withers, Anousha, Huw Jones, Pablo Mayo Cerquerio, Londo, Lavanya, Lisa Shumaker Organizations: Metro, Metro Bank, Metro's, Spaldy Investments, of England's Prudential, Authority, Prudential, HSBC, Lloyds, Reuters, Thomson Locations: Colombian, London, Bengaluru

CNN —The UK, France, and Germany have all pledged to step up security measures amid fears of attacks against members of the Jewish community after videos emerged of people apparently celebrating deadly attacks launched by Hamas militants. The surprise attacks saw gunmen cross the border from Gaza into Israel under the cover of rocket fire, seizing hostages and leaving more than 600 people dead. Israel is still fighting the militants and has been pounding targets in Gaza in response. Social media footage shows people waving Palestinian flags in the streets of Berlin and London following the violence. “We remain on duty tonight with increased forces to protect Jewish and Israeli institutions and prevent anti-Israel crimes in the city area.

Persons: Fabian Sommer, Suella Braverman, ” Braverman, Chancellor Olaf Scholz, “, Élisabeth Borne, Borne Organizations: CNN, Hamas, London’s Metropolitan Police, Twitter, ” Police, Getty, Community Security Trust, BFMTV Locations: France, Germany, Gaza, Israel, Berlin, London, Ryckestrasse, Britain, ”, French

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