Tag Archives: Reuters

EDF sees UK Hinkley C nuclear plant online by end of 2025

HINKLEY POINT, England (Reuters) – EDF Energy said on Wednesday its Hinkley C nuclear power station in Somerset, southwest England, will come online by the end of 2025 and give the developer the experience to lower the costs of subsequent nuclear plants planned in the country. Hinkley Point C will be the first nuclear plant built in Britain in decades. ...

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Vandal-proof statue of Thatcher outside parliament could be rejected again

LONDON (Reuters) – A second attempt to erect a statue of Britain’s former Prime Minister Margaret Thatcher outside parliament, just six months after a first proposal was thrown out over vandalism fears, looks set to fail after officials recommended it be rejected. The life-size-and-a-half statue of Thatcher by sculptor Douglas Jennings would be erected on a climb-proof four-metre plinth and ...

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Second vote not undemocratic, Irish PM says on Brexit

STRASBOURG (Reuters) – It would not be “anti-democratic” for Britons to reverse their Brexit vote in a second referendum, Irish Prime Minister Leo Varadkar said at the European Parliament on Wednesday, but he denied working to promote one. During exchanges in Strasbourg, Varadkar rejected an accusation by the UK Independence Party’s Nigel Farage that he was conspiring with the likes ...

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Back Brexit law or risk chaos, May's Conservatives tell lawmakers

LONDON (Reuters) – Prime Minister Theresa May’s Conservative Party urged lawmakers to back the government’s Brexit legislation in a parliamentary vote on Wednesday, warning opponents that their attempts to block the plan would bring chaos. The European Union (Withdrawal) Bill is set to complete its first journey through the lower house at around 1900 GMT, a milestone on the long ...

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May pressured to safeguard jobs after Carillion's collapse

LONDON (Reuters) – Britain needs to allow more time for firms to take on 8,500 workers whose jobs are threatened by the demise of Carillion, unions said on Wednesday, as Prime Minister Theresa May faced criticism for the way the government outsources public services. Infrastructure company Carillion collapsed on Monday when its banks pulled the plug, forcing the government to ...

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Britain bans entry to prominent U.S. Holocaust denier

London (Reuters) – Britain has banned a prominent American Holocaust denier from entering the United Kingdom, according to a copy of correspondence from the interior ministry. Mark Weber, director of the California-based Institute for Historical Review, has questioned the scale of the Holocaust, in which six million Jews were killed. “You are the subject of an exclusion decision taken personally ...

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Fragment of flag Nelson flew at Trafalgar sells for almost 300,000 pounds

LONDON (Reuters) – A piece of the Union Jack flag believed to have been flown from the flagship of Britain’s Lord Horatio Nelson’s ship during the Battle of Trafalgar sold for 297,000 pounds ($410,000) at an auction in London on Thursday. The item was part of a collection of Nelson memorabilia that went up for sale at auctioneers Sotheby’s and ...

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FTSE edges down, Interserve wobbles in post-Carillion scare

LONDON (Reuters) – UK shares edged down on Wednesday as a flurry of corporate news triggered sharp moves, including for contractor Interserve after the Financial Times reported the British government was monitoring it following the collapse of competitor Carillion. The blue chip FTSE 100 index ended the session 0.4 percent lower at 7,725.43 points, underperforming the broader European market. Within ...

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Mixed New Year messages from Bank of England on next rates move

LONDON (Reuters) – The first two Bank of England policymakers to make speeches in 2018 have highlighted the debate within the British central bank about when interest rates might rise above their financial-crisis emergency levels. Two months after the BoE raised borrowing costs for the first time in more than a decade, Silvana Tenreyro and Michael Saunders struck contrasting tones ...

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Rolls-Royce shares jump as commercial marine business goes on block

LONDON (Reuters) – Britain’s Rolls-Royce is considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core units. Shares in the company jumped to a 10-week high after it said the loss-making business could be sold. They were trading ...

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