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Yet again, the royal family could face some difficult questions about what they chose to reveal to the public, and when. Kin Cheung/Pool/AFP/Getty Images Kate Middleton, seen here at age 3, was born on January 9, 1982, in Reading, England. Richard Heathcote/Getty Images Kate and Prince William pose for photographers during an event to mark their engagement in 2010. Hannah McKay/Reuters From left, Prince William, Kate, Prince Harry and Meghan, the Duchess of Sussex, wave to a crowd outside Windsor Castle ahead of the Queen's funeral in 2022. Yui Mok/WPA Pool/Getty Images Kate attends the National Service of Remembrance at The Cenotaph in London in November 2023.
Persons: Catherine , Princess, Wales, , Kate, “ KATE, Prince William, Kate –, Queen Camilla, King Charles III’s, Catherine , Princess of, Kelly Holmes, Kelly Holmes Trust —, Kin Cheung, Kate Middleton, Middleton, Pippa, Michael, Clarence House, Stephen Lock, Shutterstock Prince William, Richard Heathcote, William, Princess Diana, Ben Stansall, Prince Harry, Pippa Middleton, Kirsty Wigglesworth, John Stillwell, Charles Dharapak, Queen Elizabeth II, Stefan Wermuth, Elizabeth II, Arthur Edwards, Harry Potter, Chris Jackson, Prince George, Princess Charlotte, Prince Philip, Prince Charles, Camilla, Dominic Lipinski, Prince Louis, Charlotte, Aaron Chown, Oli Scarff, Queen, Hannah McKay, Meghan, Duchess of, Emilio Morenatti, Paul Grover, King Charles III, Yui Mok, Reuters Kate, Turlough Mor, Seamus, Karwai Tang, Choo Kyung, Max Mumby, Henry Nicholls, David Cliff, Diana, of, Rishi Sunak, , Princess, Princess of Wales, CNN Kate, Easter, Prince William –, Gupta, George, Louis, Prince, Kate’s Organizations: London CNN, Times, Sun, Kelly Holmes Trust, Getty, University of St, English rugby, Nations, Italy, Westminster Abbey, Buckingham Palace, Queen, Mary's, Trench, Culture Yard, Royal Air Force, Reuters, Hall, Horse Guards, Irish Guards, National Service of, Images Police, London Clinic, Getty Images, Press Association, Britain, Mary’s, British, CNN, CNN’s Royal Locations: British, Catherine , Princess of Wales, Bath, England, Reading, Jerash, Jordan, Blenheim, Oxfordshire, Andrews, Scotland, AFP, Westminster, London, Buckingham, South Pacific, Tuvalu, St, St . Austell, Kingston , Jamaica, Caribbean, Duchess of Sussex, Windsor, South Korea, Kensington, Wales, Lindo, London’s St, of Wales, Princess
Jack Black reveals his all-time favorite costar
  + stars: | 2024-03-05 | by ( Marianne Garvey | ) edition.cnn.com   time to read: +1 min
CNN —Jack Black had some kind words to say about one of his former castmates. The “Kung-Fu Panda 4” star told “Entertainment Tonight” that one actress immediately came to mind when he was asked who his favorite costar has been. She was my favorite co-star I’ve ever had because when you look in her eyes, she was like really present. I feel like if you look into my eyes, you just see a shadow of a robot,” Black said. “Kung-Fu Panda 4” hits theaters on March 8.
Persons: Jack Black, “ Kate Winslet, I’ve, ” Black, Matt Winkelmeyer, Henry Nicholls, , Iris, Cameron Diaz, Black’s, Miles, endearingly, , Po, that’s, “ Kung Organizations: CNN, “ Entertainment Locations: Los Angeles
Ben BroomfieldFaux furFleecy, fuzzy or fine: Faux fur was a key textile on the London runways. Ben Broomfield/Ben Broomfield @photobenphotoRobyn Lynch gave the white anorak a romantic silhouette during her Fall-Winter 2024 show. Maja SmiejkowskaStaged in a Gothic Revival church in East London, Dilara Findikoglu's show was a twisted fantasy. Dilara FindikogluSinead O'Dwyer, whose collection was inspired by a not-so-appropriate take on office wear, led the charge on diverse casting this season. Chris YatesModel on the runway at Molly Goddard RTW Fall 2024 as part of London Ready to Wear Fashion Week held at the Cecil Sharp House on February 17, 2024 in London, England.
Persons: scrappy, Vivienne Westwood, Alexander McQueen, John Galliano, Jonathon Ferris, John Malkovich, Maximilian Raynor’s, Harris Reed, Victoriana, — Conner Ives, Sinead Gorey —, Ives, Gorey, Maria Callas —, JW Anderson, Jonathan Anderson, , Amy Winehouse’s, Lily Cole, Agyness Deyn, Edward Crutchley, Stephen Jones ’ millinery, Molly Goddard’s, ” Goddard, ” Molly Goddard, Ben Broomfield, Broomfield, Simone Rocha, Jean Paul Gaultier, Queen Victoria, Conner Ives, Precious Lee, Sinead Gorey, Johanna Parv, Parv, Daniel Lee, moleskin, Henry Nicholls, Robyn Lynch, Lynch upcycled outerwear, Ben Broomfield @photobenphoto Robyn Lynch, Chris Yates, Naomi Campell, Joe Maher, Daniel Lee's, Filippo Fior, Burberry Erdem, Giovanni Giannoni, Jason Lloyd Evans, Jason Lloyd Evans Harris, Marc Hibbert Jonathan Anderson's, JW Anderson “, ” Anderson, ” JW Anderson, Ben Broomfield Sinead Gorey, Eamonn M . McCormack, Aldama Precious Lee, Maja Smiejkowska, Dilara, Dilara Findikoglu Sinead O'Dwyer, Chris Yates Lottie Moss, Kate Moss's, Sinead O'Dwyer, Molly Goddard RTW, Cecil Sharp, Aitor Rosas Sune, WWD, Rosas Sune, Molly Goddard's frilly, Ahluwalia Organizations: London CNN, Central Saint Martins, Tate, JW, Fashion, Burberry, British Vogue, Jean Paul Gaultier couture, Getty, ., Company, British Museum, Getty Images Locations: London, Tate Britain, East London’s, Paris, AFP, Irish, East London, England, Nigeria
Since 2019, Julian Assange, the founder of WikiLeaks, has been held in a high security prison in southeast London while his lawyers fight a U.S. extradition order. Now, that particular battle may be nearing its end. On Tuesday, Mr. Assange’s case returned to a British court for a two-day hearing that will determine whether he has exhausted his right to appeal within the U.K. and whether he could be one step closer to being sent to the United States. Image Julian Assange leaving Westminster Magistrates Court in London in 2020. A High Court hearing this week will determine whether he has exhausted his right to appeal in the U.K. Credit... Henry Nicholls/ReutersMr. Assange did not appear before the court, declining to attend virtually because of ill health, according to his lawyers, but dozens of protesters gathered outside, demanding his release.
Persons: Julian Assange, Assange’s, Henry Nicholls, Assange Organizations: WikiLeaks, Court, Credit, Reuters Locations: London, U.S, United States, Westminster
People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | ReutersLONDON — The Bank of England is widely expected to hold interest rates steady at 5.25% on Thursday, but market observers will be closely watching voting patterns, projections and language for hints about future rate cuts. The labor market has shown signs of rebalancing, although the overall trajectory remains somewhat uncertain, while wage growth and services inflation have surprised the Bank's November projections substantially to the downside, Goldman Sachs economists noted on Sunday. "We expect the MPC to retain its data-dependent approach and reiterate that monetary policy 'will need to be sufficiently restrictive for sufficiently long'," Quadri said. Goldman sees a first 25 basis point cut in May, followed by further quarter-point increments at every meeting until the Bank rate reaches 3% in May 2025.watch now
Persons: Henry Nicholls, Goldman Sachs, Ibrahim Quadri, Swati, Catherine, Mann, Quadri, Goldman Organizations: Bank of England, Reuters LONDON, Monetary, MPC, Goldman Locations: City, London, Britain, British, U.K
Grim retail sales suggest possible recession for Britain
  + stars: | 2024-01-19 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
Shoppers walk past shops on Regent Street on the final weekday before Christmas in London on December 22, 2023. Britain's economy unexpectedly shrank in the third quarter and flatlined in the previous three months, official data showed Friday, raising fears of a recession before an election due next year. The Office for National Statistics said sales volumes fell by 3.2% during the key trading month, after a 1.4% rise in November. Volumes were 0.9% lower in the three months to December 2023, compared with the previous quarter. Trade body British Retail Consortium said that the figures "capped a difficult year for retailers" and showed that Black Friday sales ate into Christmas spending.
Persons: HENRY NICHOLLS, Alex Kerr, Kerr Organizations: Getty Images, National Statistics, Reuters, ONS, Capital Economics, Trade, British Retail Consortium Locations: London, AFP
The People's Democratic Party (PDP) received the highest number of votes in the preliminary round of the election held on Thursday, followed by the Bhutan Tendrel Party (BTP), the ECB said. Druk Nyamrup Tshogpa (DNT), the party headed by outgoing Prime Minister Lotay Tshering, finished fourth, the ECB vote counts showed. PDP, headed by former Prime Minister Tshering Tobgay, is a liberal group founded in 2007, which had formed the government in Bhutan between 2013 and 2018. They also share similar views on several other issues such as the development of hydroelectric power, agricultural growth, and unemployment. Majority-Buddhist Bhutan, which is roughly the size of Switzerland, has deep economic and trade relations with its southern neighbour, India, which is its biggest donor.
Persons: Jigme Khesar Namgyel Wangchuck, Jetsun Pema, Britain's King Charles, Henry Nicholls, Nyamrup, Lotay Tshering, Tshering Tobgay, Pema Chewang, Gopal Sharma, Alex Richardson Organizations: Buckingham, REUTERS, Bhutan, Democratic Party, Bhutan Tendrel Party, ECB, Buddhist, Thomson Locations: London, Britain, China, India, Bhutan, Buddhist Bhutan, Switzerland
Global temperatures and greenhouse gas emissions continue to break records, with no continent left untouched by more frequent and intense extreme weather events. MoneyClimate finance is always a hotly debated talking point at the U.N. summit and COP28 promises to be no different. She anticipated three main debates around the use of oil, gas and coal — the burning of which is the chief driver of the climate crisis. "So, one is this 'phase out' or 'phase down' [of fossil fuels]. There is no credible scenario where CCS will allow continued use of fossil fuels, let alone expanding oil and gas.
Persons: Sean Gallup, HENRY NICHOLLS, Henry Nicholls, COP28, Alex Scott, Rich, Sultan al, Jaber, LUIS TATO, Luis Tato, Melanie Robinson, Robinson, Sultan Al Jaber, Francois Walschaerts Organizations: AG, Getty, United Arab Emirates, InterContinental, Fossil, Energy Intelligence, Afp, Organization for Economic Cooperation, Development, Getty Images, Abu, Abu Dhabi National Oil Company, Climate, World Resources Institute, CNBC, CCS Locations: Salzgitter, Germany, Dubai, Bonn, COP28, London, AFP, E3G, Egypt, COP27, UAE, Garissa, Africa, El Nino, Abu Dhabi, WRI, Brussels
BoE leads central bank chorus on need for restrictive policy
  + stars: | 2023-11-28 | by ( ) www.reuters.com   time to read: +2 min
Deputy Governor for Markets and Banking of the Bank of England Dave Ramsden attends a press conference concerning interest rates, at the Bank of England, in London, Britain, November 2, 2023. Speaking at a central bank conference in Hong Kong, Bank of England (BoE) Deputy Governor Dave Ramsden also said he saw no financial stability grounds to lower interest rates, which are currently up at 5.25%. “We think that monetary policy is likely to need to be restrictive for an extended period of time," he said. Even with all that tightening, Ramsden said inflation was not expected to return to 2% until the end of 2025. Markets have started to position for the first rate cut, with a move seen as soon as April or June.
Persons: Bank of England Dave Ramsden, HENRY NICHOLLS, BoE, Dave Ramsden, Ramsden, Michele Bullock, Bullock, Pablo Hernández de Cos, Cos, Wayne Cole, Selena Li, Xie Yu, Jamie Freed, Simon Cameron, Moore Organizations: Markets, Banking, Bank of England, Reserve Bank of Australia, Bank of Spain, European Central Bank, ECB, Thomson Locations: London, Britain, HONG KONG, Australia, Spain, Hong Kong
BoE's Bailey says getting inflation to 2% will be 'hard work'
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +2 min
Governor of the Bank of England Andrew Bailey addresses the media during a press conference concerning interest rates, at the Bank of England, in London, Britain, November 2, 2023. "The rest of it has to be done by policy and monetary policy," Bailey said in an interview with website ChronicleLive published on Monday. The second half, from there to two, is hard work and obviously we don't want to see any more damage." Bailey acknowledged the impact of higher interest rates on households caused by higher mortgages and rents. But he repeated his message that it was too soon for the BoE to think about cutting interest rates.
Persons: Bank of England Andrew Bailey, HENRY NICHOLLS, Andrew Bailey, Bailey, ChronicleLive, BoE, it's, William Schomberg, Sarah Young Organizations: Bank of England, Thomson Locations: London, Britain
EU fiscal pact ignores green elephant in the room
  + stars: | 2023-11-21 | by ( Lisa Jucca | ) www.reuters.com   time to read: +8 min
REUTERS/Henry Nicholls Acquire Licensing RightsMILAN, Nov 21 (Reuters Breakingviews) - The European Union’s troubled fiscal pact, once branded as "stupid" by former European Commission President Romano Prodi, has reached its sell-by date. Average EU debt has been consistently above the 60% target. NEW COURSEThe proposed revamp of the fiscal pact, now under discussion, is an improvement. BRAVE NEW DEBT WORLDFor all of Brussels’ reforming zeal, Europe’s future debt rules ignore a giant elephant in the room: climate change. Another option is to remove green investments from the fiscal rules’ deficit calculations.
Persons: Henry Nicholls, Romano Prodi, Christian Lindner, Giorgia Meloni, Breakingviews, Bruno Le Maire, Olaf Scholz’s, Mario Draghi, Francesco Guerrera, Thomas Shum Organizations: Trust, REUTERS, Reuters, European, Reuters Graphics Reuters, European Commission, French Finance, EU, Intel, European Central Bank, Italian, Union, Thomson Locations: Green Park, London, Britain, Maastricht Treaty, Germany, it's, Italy, Greece, Brussels, EU, United States, Spain, Europe
The U.K. plan is part of a broader effort by Western countries to cope with a rise in migrants arriving at their borders. Photo: henry nicholls/Agence France-Presse/Getty ImagesLONDON—A U.K. plan to send some migrants who arrive illegally to live in Rwanda suffered a major setback after a top court said the central African country wasn’t a safe place to house asylum seekers. The ruling scuttles Prime Minister Rishi Sunak ’s marquee policy to curb migration and offers a warning shot to other European nations considering similar plans.
Persons: henry nicholls, Rishi Sunak Organizations: Agence France, scuttles Locations: U.K, Rwanda
Cast members Jonny Lee Miller, Dominic West, Elizabeth Debicki, Jonathan Pryce, Imelda Staunton and Lesley Manville attend the premiere for the TV series The Crown Season 5 in London, Britain, November 8, 2022. The two-part sixth, and final, season of “The Crown” explores Princess Diana’s final days before she perishes in a car accident. Debicki believes it’s a common experience for "The Crown" actors to struggle to “let go” and stop “observing” themselves while filming the show. Similarly, Khalid Abdalla - who portrays Dodi Fayed, Egyptian billionaire Mohamed al-Fayed's son, who was in a romantic relationship with Princess Diana - viewed his work with Debicki as a huge responsibility. He went into the final season also thinking about how the loss of Princess Diana is still a “cultural trauma” for “millions of people around the world.”Abdalla said the sacredness of what “The Crown” cast was recreating was something to which he wanted to give dignity.
Persons: Jonny Lee Miller, Dominic West, Elizabeth Debicki, Jonathan Pryce, Imelda Staunton, Lesley Manville, Henry Nicholls, Princess Diana, , Debicki, Diana’s, Peter Morgan, Queen Elizabeth’s, ” Debicki, Khalid Abdalla, Dodi Fayed, Mohamed al, , ” Abdalla, Rollo Ross, Danielle Broadway, Mary Milliken, Jonathan Oatis Organizations: REUTERS, Reuters, Netflix, Debicki, Thomson Locations: London, Britain
Instead, four years on from its Premier League debut, the technology has now seemingly become the main talking point rather than the football itself. Chelsea's win over Tottenham involved a number of huge VAR decisions. Henry Nicholls/AFP/Getty ImagesBeing magnanimous about refereeing decisions isn’t a trait many Premier League managers seemingly possess. “The Premier League is the best league in the world with the best players, coaches and supporters, all of whom deserve better,” the statement read. Whatever the Premier League and PGMOL had in mind for VAR’s development, it surely wasn’t this.
Persons: , Chelsea's, Glyn Kirk, Ange Postecoglou, “ I’ve, ” Postecoglou, I’ve, we’re, Postecoglou, he’s, Jürgen, Henry Nicholls, Mikel Arteta, , “ PGMOL, Arteta, Gary O’Neil, Jürgen Klopp, Charlotte Wilson, Keith Hackett, , Hackett, “ Lukas Brud, ” Hackett, PGMOL Organizations: CNN, Premier League, Premier League doesn’t, Champions League, Serie, Liga, Tottenham, Getty, Liverpool, Newcastle, Sunday, Gunners, ” CNN, Bournemouth, Twitter, International Football Association Board Locations: AFP
[1/2] Cast members Elizabeth Debicki, Dominic West, Imelda Staunton and Jonathan Pryce attend the premiere for the TV series The Crown Season 5 in London, Britain, November 8, 2022. "It's more about analysing what the face does, what the mouth does, what the head does, and then letting your voice come through that shape." Claire Foy and Olivia Colman, who have played Queen Elizabeth at different periods of her life, have both picked up awards for their performances. Movement coach Polly Bennett worked with actors "on how their physicality operates" in each season. Season 5 actors Imelda Staunton, Dominic West and Elizabeth Debicki reprise their roles as Elizabeth, Charles and Diana respectively.
Persons: Elizabeth Debicki, Dominic West, Imelda Staunton, Jonathan Pryce, Henry Nicholls, Diana's, William Conacher, " Conacher, Claire Foy, Olivia Colman, Queen Elizabeth, Conacher, Diana, Polly Bennett, Prince Charles, Prince William, Prince Harry, King Charles, Elizabeth, Charles, Imelda, Bennett, Marie, Louise Gumuchian, Alison Williams Organizations: REUTERS, Reuters, Thomson Locations: London, Britain
LONDON, Nov 2 (Reuters) - From scaling mountains and cranes to coming face-to-face with crocodiles and snakes, contestants travel the world tackling James Bond-inspired challenges in new TV adventure series "007: Road To A Million" in the hope of winning 1 million pounds ($1.2 million). "The idea is really to put ordinary people into a James Bond adventure and we didn't quite know how that would work out," executive producer David Glover told Reuters. "It's thrilling because... they're really not James Bond but they have heart and they're lovely and... they're heroic in their own way." [1/3]An assistant poses with the James Bond 007 Special Issue 2020 UK Seven-Kilo Gold Proof Coin, the largest coin ever made by The Royal Mint, in London, Britain, March 2, 2020. I thought 'well maybe if I do this, it's probably the nearest I'll ever get to (being a Bond villain),'" Cox said.
Persons: James Bond, Brian Cox, David Glover, they're, Cox, haven't, Henry Nicholls, it's, James, Joey Bone, James Bone, Bond, Barbara Broccoli, Michael G, Wilson, Daniel Craig, Broccoli, Hanna Rantala, Marie, Louise Gumuchian, Rosalba O'Brien Organizations: Reuters, The Royal Mint, REUTERS, Scottish Highlands, Thomson Locations: Scottish, London, Britain
People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. The 10-year yield on U.K. government bonds, known as gilts, was 13 basis points lower at 4.366% at 3:20 p.m. in London following the Bank of England announcement at midday. The 2-year yield, a reflection of interest rate expectations, was down 8 basis points at 4.711%. Elsewhere in Europe, bond yields have also been sliding. German 10-year bond yields fell following the Fed decision and were around 5 basis points lower on Thursday, while Italy's 10-year yield was down 9 basis points.
Persons: Henry Nicholls, , Philip Lane, Jerome Powell's, Steve Englander Organizations: Bank of England, Reuters, Federal Reserve, European Central Bank, ECB, Research, Standard Chartered, Treasury Locations: City, London, Britain, Europe, North America, U.S
General view of planes on the tarmac at Farnborough Airport, in Farnborough, Britain March 9, 2022. REUTERS/Henry Nicholls/File Photo Acquire Licensing RightsLONDON, Oct 26 (Reuters) - Britain's aviation regulator said on Thursday it would increase the amount airlines can be charged for air traffic control services to help national provider NATS recoup costs incurred during the COVID-19 pandemic. Airline executives last week called for new rules on passenger compensation in the event of such disruption. The average cost of UK air traffic services per passenger per flight would go up by 43 pence on average, to approximately 2.08 pounds, the CAA said. The process of raising price controls began before the NATS outage and is unrelated to the review and investigation into the glitch, it added.
Persons: Henry Nicholls, NATS, Joanna Plucinska, Kylie MacLellan Organizations: Farnborough Airport, REUTERS, Civil Aviation Authority, CAA, Thomson Locations: Farnborough, Britain, Europe
CNN —Greta Thunberg was arrested at a protest outside an oil and gas conference – formerly known as the “Oil and Money” conference – at a luxury five-star hotel in London on Tuesday, eyewitnesses told CNN. But it wouldn’t confirm to CNN that Thunberg was among those arrested. Thunberg and other protestors blocked entrances at the hotel, trying to prevent delegates from entering. We are choking from their fumes.”Greta Thunberg joined protesters during the demonstration which used the slogan: "Oily Money Out." Tuesday’s protest marks the first of three days of action aimed at shutting down the conference, Greenpeace said
Persons: Greta Thunberg, Thunberg, Henry Nicholls, , Organizations: CNN, Money, London’s Metropolitan Police, Intercontinental, Energy Intelligence Forum, Aramco, Free, Getty, Greenpeace Locations: London, London’s Park, Shell, Free London, greenwashing, AFP, Swedish, Malmö, Sweden
Henry Nicholls | Afp | Getty ImagesLONDON — Swedish climate activist Greta Thunberg on Tuesday was detained by police after joining hundreds of protesters to disrupt a major energy conference in London. Thunberg was arrested outside the InterContinental London Park Lane hotel during the "Oily Money Out" protest organized by Fossil Free London and Greenpeace. Their only plan is to profit at our expense," Nuri Syed Corser, an organizer with Fossil Free London, said in a statement. Fossil Free London said 27 people have been arrested so far and protests would continue outside the conference through to Thursday. Climate activists protest outside the InterContinental London Park Lane during the "Oily Money Out" demonstration organised by Fossil Free London on the sidelines of the opening day of the Energy Intelligence Forum 2023 in London on October 17, 2023.
Persons: Greta Thunberg, Henry Nicholls, Thunberg, Nuri Syed Corser, Corser, Vicki Hollub, Amin Nasser, Wael Sawan, We've, Tengku Muhammad Taufik, I'm, Taufik Organizations: InterContinental, Fossil Free, Greenpeace, Energy Intelligence, Afp, Getty, LONDON, Lane, Government, Energy Intelligence Forum, Money, Occidental Petroleum, Shell, The Met Police, Amnesty, Petronas, CNBC, Fossil Locations: Swedish, Fossil Free London, London, Saudi Aramco, Abu Dhabi
UK Conservative lawmaker Bone faces suspension for misconduct
  + stars: | 2023-10-16 | by ( ) www.reuters.com   time to read: +2 min
Member of the Parliament Peter Bone arrives at a private reception attended by Boris Johnson, leader of the Britain's Conservative Party, in central London, Britain July 23, 2019. The Independent Expert Panel found that Bone committed "many varied acts" of bullying and one act of sexual misconduct against a staff member in 2012 and 2013. The suspension, if backed by parliament, triggers a recall petition in Bone's constituency of Wellingborough in central England. "As I have maintained throughout the proceedings, none of the misconduct allegations against me ever took place," he said in a statement posted on X, formerly Twitter. The recommendation for Bone's suspension comes after he appealed a previous decision by the Parliamentary Commissioner for Standards that upheld allegations of bullying and sexual misconduct.
Persons: Peter Bone, Boris Johnson, Henry Nicholls, Rishi Sunak's, Bone, Sunak, Farouq Suleiman, Sachin Ravikumar Organizations: Britain's Conservative Party, REUTERS, Sunak's Conservatives, Labour Party, Conservatives, Labour, Thomson Locations: London, Britain, Bone's, Wellingborough, England, Scotland
BoE's Bailey says he's puzzled by stubborn pay growth in UK
  + stars: | 2023-10-14 | by ( ) www.reuters.com   time to read: +1 min
People walk outside the Bank of England in the City of London financial district in London, Britain May 11, 2023. REUTERS/Henry Nicholls/File photo Acquire Licensing RightsMARRAKECH, Morocco, Oct 14 (Reuters) - Bank of England Governor Andrew Bailey said on Saturday he was puzzled by the continued strength of pay growth in Britain which, unlike other areas of the economy, has not yet responded to the BoE's run of 14 back-to-back interest rate hikes. The increases in borrowing costs were having an impact on employment numbers and in the housing market, Bailey told a panel discussion on the sidelines of International Monetary Fund meetings in Morocco. "I should say what is more puzzling and in a sense we wait to see is the situation on pay and earnings where... the usual transmission mechanism is not yet being demonstrated," he said during the event organised by the Group of 30 consultative body. Reporting by Balazs Koranyi Writing by William SchombergOur Standards: The Thomson Reuters Trust Principles.
Persons: Henry Nicholls, Andrew Bailey, Bailey, Balazs Koranyi, William Schomberg Organizations: Bank of England, REUTERS, Rights, International Monetary Fund, Group, Thomson Locations: City, London, Britain, Rights MARRAKECH, Morocco
UK housing market challenging but rate pause offers hope -RICS
  + stars: | 2023-10-11 | by ( ) www.reuters.com   time to read: +2 min
The Royal Institution of Chartered Surveyors (RICS) house price balance, which measures the difference between the percentage of surveyors seeing rises and falls in house prices, edged down to -69 after August's sharp drop to -68. Echoing other gauges of British house prices, RICS' latest figure was the weakest since February 2009 and was below the median forecast of -63 in a Reuters poll of economists. Britain's housing market boomed during the coronavirus pandemic as demand for homes with more space surged, but it has been a victim of the BoE's run of 14 interest rate hikes, which began in December 2021. "Although the decision to pause monetary policy tightening a few weeks ago provided a glimmer of relief for the market, interest rates are likely now set to remain on hold for a prolonged period," Parsons said. The weak state of the housing market has hurt companies such as building materials supplier Travis Perkins (TPK.L), which on Wednesday downgraded its annual profit forecast by as much as 27%.
Persons: Henry Nicholls, RICS, Tarrant Parsons, Parsons, Travis Perkins, William Schomberg, Kylie MacLellan Organizations: REUTERS, Bank, Royal Institution, Chartered Surveyors, Thomson Locations: London, Britain
Workers at Amazon UK warehouse to walk out on Black Friday
  + stars: | 2023-10-10 | by ( ) www.reuters.com   time to read: 1 min
People take part in a rally in support of Amazon workers' on strike, outside the Amazon warehouse, in Coventry, Britain, January 25, 2023. REUTERS/Henry Nicholls/File Photo Acquire Licensing RightsLONDON, Oct 10 (Reuters) - More than 1,000 workers at an Amazon (AMZN.O) warehouse in Britain will strike for four days next month in a dispute over pay, including on the Black Friday discount shopping day, the GMB trade union said on Tuesday. GMB said the workers would walk out of the site in Coventry, central England from Nov. 7-9, as well as Black Friday on Nov. 24. Reporting by Sarah Young, writing by Farouq Suleiman; Editing by Sachin RavikumarOur Standards: The Thomson Reuters Trust Principles.
Persons: Henry Nicholls, GMB, Sarah Young, Farouq Suleiman, Sachin Ravikumar Organizations: REUTERS, Thomson Locations: Coventry, Britain, England
Amazon UK to spend 170 mln stg on staff pay rises
  + stars: | 2023-10-09 | by ( ) www.reuters.com   time to read: +1 min
People take part in a rally in support of Amazon workers' on strike, outside the Amazon warehouse, in Coventry, Britain, January 25, 2023. Pay rates will further increase to between 12.30 pounds and 13 pounds an hour from April next year. The increases mean Amazon’s minimum starting pay will have risen by 20% in two years, and 50% since 2018, it said. Amazon UK also said it has started recruiting for more than 15,000 seasonal roles across the UK for the festive period. Last week, supermarket groups Morrisons and Aldi said they were hiring 3,500 and 3,000 extra staff for the Christmas season.
Persons: Henry Nicholls, BoE, James Davey, Kate Holton Organizations: REUTERS, Bank of, Amazon, Aldi, Thomson Locations: Coventry, Britain, Bank of England
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