LONDON (Reuters) – The global financial crisis has strengthened the Church of England’s drive for more ethical business practices by making companies and shareholders more receptive to change, according to the man who manages its investment fund.
With about 5.5 billion pounds ($8.8 billion) of financial and property assets, the Church has greater clout than many hedge funds. But it has often struggled to make its voice heard.
LONDON, Oct 8 (Reuters) – The head of the BBC promised on
Tuesday to refocus the world’s largest state-funded broadcaster
on its core values – to inform, educate and entertain – after a
year of battering by the public and parliament over a sex
scandal and lavish executive payments.
In his first major speech since becoming director general
six months ago, Tony Hall said the BBC had to cut costs by 20
percent by 2017 but also needed to find an additional 100
million pounds a year in savings to invest in the future.
LONDON (Reuters) – London’s charismatic mayor, Boris Johnson, has dropped his strongest hint yet that he is interested in returning to national politics, with comments set to renew speculation over his ambitions to lead the Conservative party.
Johnson, known for his eccentric manner, sharp wit and unruly mop of blond hair, has long been tipped as a potential leader if the current incumbent, Prime Minister David Cameron, were to suffer a party coup or lose the next election in 2015.
LONDON, Sept 24 (Reuters) – If you want to know how
BlackBerry lost its mojo in a major consumer market, spend some
time with a bunch of British teens.
The phone that once so dominated the UK youth market that
its messaging service BBM was even blamed for helping to connect
young rioters who fought police and wrecked shops in London and
other cities in 2011, has now lost its cool.
LONDON (Reuters) – Anglicans named the first woman bishop in the British Isles on Friday, a move analysts said would increase pressure on some other parts of the world’s third-largest Christian grouping that reserve the top job for men.
The Rev Pat Storey said she was “excited and daunted” to be chosen as the new Bishop of Meath and Kildare, part of the Church of Ireland which includes the British province of Northern Ireland.
EDINBURGH (Reuters) – Scottish separatists may feel their goal of an independent state built on national pride and commercial acumen heaving into view; but a poll published on Wednesday suggested nearly a half of Scots fear a break with London would damage their economy.
With exactly a year to go until Scotland votes on independence, campaigners were out in force on the streets of Edinburgh, flying the Scottish flag – diagonal white cross on blue background – posing with children and arguing the case for ending a 300-year-old union with England.
EDINBURGH, Sept 18 (Reuters) – Scottish separatists may feel
their goal of an independent state built on national pride and
commercial acumen heaving into view; but a poll published on
Wednesday suggested nearly a half of Scots fear a break with
London would damage their economy.
With exactly a year to go until Scotland votes on
independence, campaigners were out in force on the streets of
Edinburgh, flying the Scottish flag – diagonal white cross on
blue background – posing with children and arguing the case for
ending a 300-year-old union with England.
LONDON (Reuters) – Britain warned the European Commission on Tuesday that it would oppose any moves to enforce new rules on the region’s defense industry that impinged on the competitiveness of British companies.
Defense Secretary Philip Hammond expressed skepticism over proposals from Brussels aimed at helping Europe’s defense industry cope with the pressures of falling military budgets and increased competition from new markets.
LONDON (Reuters) – Former BBC Director General Mark Thompson, now chief executive of the New York Times Company, on Monday defended large severance payments to senior BBC bosses that he said had ultimately helped the publicly funded broadcaster cut costs.
British lawmakers are trying to understand why Thompson sanctioned payments at least 1.4 million pounds ($2.19 million) beyond contractual obligations to senior BBC managers during the last three years of his 2004-2012 watch.
LONDON (Reuters) – The BBC’s former director general Mark Thompson has accused the head of its governing body of misleading Britain’s parliament about huge pay-offs to senior executives, in an escalating spat that has put the two men’s reputations on the line.
Thompson, who quit the British broadcaster last year to become chief executive of the New York Times, is under fire over payments of 25 million pounds ($40 million) made to 150 departing BBC staff between 2009 to 2012.