Reuters UK/EU - Squid Business

Russia labels Greenpeace an ‘undesirable organisation’

MOSCOW (Reuters) – Russia on Friday declared environmental group Greenpeace an “undesirable organisation”, effectively banning it from operating in the country. In a statement, the Prosecutor General said Greenpeace had tried to “interfere in the internal affairs of the state” and was “engaged in anti-Russian propaganda” by calling for sanctions against Moscow. Greenpeace was not …

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Britain says UK-EU regulatory forum a ‘significant step’

LONDON (Reuters) – Britain said on Friday a long-delayed forum for cooperation between British and European Union financial regulators would be a “significant” first step to improving relations. The forum was negotiated as part of Britain’s Brexit terms agreed with Brussels when it left the EU, and mirrors a similar regulatory set up the EU …

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Exclusive-Fidelidade plans IPO of private hospital unit Luz Saude –sources

By Andres Gonzalez, Pablo Mayo Cerqueiro and Sergio Goncalves LONDON/LISBON (Reuters) – Portuguese insurer Fidelidade is exploring a potential stock market listing of its private healthcare subsidiary Luz Saude, six people familiar with the matter told Reuters. Fidelidade, majority-owned by China’s Fosun International, is set to name investment banks to arrange an initial public offering …

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Russian forces in retreat near Bakhmut, Ukraine and Wagner say

By Ivan Lyubysh-Kirdey NEAR BAKHMUT, Ukraine (Reuters) -The Ukrainian military and Russia’s Wagner private army both reported further Russian retreats around the city of Bakhmut on Thursday, as Kyiv pressed on with its biggest advance for six months ahead of a planned counteroffensive. Ukrainian troops near the front line said Russia was bombarding access roads …

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Energy costs for most British households to fall 18% from July -Cornwall Insight

LONDON (Reuters) – Energy costs for most British households are expected to fall around 18% from July with regulator Ofgem poised to announce a cut in its price cap next week, analysts at energy consultancy Cornwall Insight said. The government has guaranteed to keep average household energy bills below 2,500 pounds ($3,155) a year until …

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Factbox-The paparazzi who pursue Harry and Meghan – what are the rules?

LONDON/NEW YORK (Reuters) – Britain’s Prince Harry and his wife Meghan were pursued by photographers in New York on Tuesday in what the prince’s spokesperson described as a “near catastrophic car chase,” highlighting the often tense relationship between celebrities and photographers. Police in New York, however, described the encounter as relatively brief and said there …

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UK PM Sunak’s wealth declines but still ranked 275th in country’s rich list

LONDON (Reuters) -The wealth of British Prime Minister Rishi Sunak and his wife Akshata Murty has fallen over the last year, putting them in 275th place in the Sunday Times Rich List, after the value of their stake in Indian I.T. giant Infosys dropped. The pair were ranked in 222nd position last year. Shares in …

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Sterling heads for second weekly loss as dollar surges

By Harry Robertson LONDON (Reuters) – The pound was heading for its second straight weekly fall against the dollar on Friday, weighed down by a resurgent dollar and weakness in the British economy. Sterling was up 0.15% to $1.243 on Friday. It was set for a weekly loss of 0.17%, however, after falling 1.45% the …

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Bilfinger UK offshore workers to strike in June over pay offer

(Reuters) -UK’s Unite Union on Friday said that offshore workers at Bilfinger UK Ltd rejected new pay offers and that strike action will take place in June. Around 800 Bilfinger contractors will participate in two new rounds of strike action starting on June 1 and ending on June 3, and then from June 8 to June 10, Unite said in a …

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Britain’s $1.3 billion semiconductor support plan gets cool response

By Alistair Smout and Kate Holton LONDON (Reuters) -Britain will invest 1 billion pounds ($1.3 billion) in its semiconductor sector over the next decade as part of a long-awaited strategy that was immediately criticised by the industry for being too little to make a difference. Chipmakers around the world have poured billions of dollars into …

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