Reuters UK/EU - Squid Business

Shell shareholders urged by LAPFF to back climate activist’s resolution

By Shadia Nasralla LONDON (Reuters) – Shell shareholders should support a climate activist resolution at its annual general meeting and vote against the oil major on most counts, Britain’s Local Authority Pension Fund Forum (LAPFF) recommends in a report seen by Reuters. This follows announcements by the the Church of England Pension Board, proxy adviser …

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Eurovision 2023: From flags to food, Liverpool embraces Ukraine

By Sarah Mills and Paul Sandle LIVERPOOL, England (Reuters) – Liverpool has opened its heart to Ukraine for Eurovision 2023, flying blue and yellow flags, offering special tickets to its refugees and adopting its cuisine, in addition to putting the country centre stage in three live shows. The birthplace of the Beatles is hosting the …

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Bank of England raises rates and Bailey promises to ‘stay the course’

By David Milliken and Andy Bruce LONDON (Reuters) -The Bank of England raised its key interest rate by a quarter of a percentage point to 4.5% on Thursday and Governor Andrew Bailey said the British central bank would “stay the course” as it seeks to curb the highest inflation of any major economy. The BoE …

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UK’s FTSE index ends flat; little reaction to BoE rate decision

By Johann M Cherian and Shashwat Chauhan (Reuters) -The UK’s FTSE 100 share index ended virtually flat on Thursday, although mining stocks fell as base metal prices slumped on China growth concerns. The Bank of England raised its bank rate for the 12th consecutive time but its decision had been expected and had little impact …

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Britain moves first to supply Ukraine with long-range cruise missiles

By Andrew MacAskill and William James LONDON (Reuters) -Britain on Thursday became the first country to start supplying Ukraine with long-range cruise missiles, which will allow Ukrainian forces to hit Russian troops and supply dumps deep behind the front lines. Ukraine has been asking for months for long-range missiles, but support provided by Britain and …

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Pound holds lower vs dollar after BoE rate rise

By Samuel Indyk LONDON (Reuters) – The British pound trimmed some losses but remained lower against the dollar on Thursday after the Bank of England raised interest rates for the 12th consecutive meeting in its attempt to fight surging inflation. As expected, the BoE raised rates by a quarter of a percentage point to 4.5%, …

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Prysmian still prudent on full-year forecast after Q1 core earnings beat

MILAN (Reuters) -Prysmian, the world’s largest cablemaker, said on Thursday its core earnings jumped 48% in the first quarter, beating estimates, as it continued to profit from global trends in energy transition and electrification. However, despite strong quarterly results, the company refrained from upgrading its forecasts for its full year adjusted earnings before interest, tax, …

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Britain draws up blueprint for multi-billion fund to back start-ups

By Iain Withers, Natalie Grover and Naomi Rovnick LONDON (Reuters) – Britain’s leading asset managers are in advanced talks to create a multi-billion pound investment fund to back UK start-ups and stem the flow of technology firms snubbing London for New York, a key official working on the proposal told Reuters. Nicholas Lyons, a veteran …

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Talks on extending Ukraine grain deal look at U.N. proposals

ISTANBUL (Reuters) – Ukraine, Russia, Turkey and the United Nations discussed on Thursday U.N. proposals to extend a deal allowing the safe Black Sea export of Ukraine grain, which Moscow has threatened to quit on May 18 over obstacles to its grain and fertilizer exports. The U.N. and Turkey brokered the Black Sea agreement in …

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Pope Francis recognises 21 Copts beheaded by Islamic State as martyrs

By Philip Pullella VATICAN CITY (Reuters) – Pope Francis on Thursday announced that 21 Coptic Orthodox Christians beheaded by Islamic State in Libya in 2015 are being recognised as martyrs by the Vatican. He revealed the move during a meeting with Pope Tawadros II of the Coptic Orthodox Church and said he was doing so …

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