The U.K. government said it will review the Riot Damages Act to examine the criteria for when compensation is due and prevent fraudulent insurance claims two years after the nation’s worst riots since the 1980s.
Barclays Plc, Britain’s second- biggest lender, is facing shareholder resistance to plans to issue contingent convertible bonds, or CoCos, that may dilute existing investors, people with knowledge of the talks said.
Stephen Billingham, chairman of Punch Taverns Plc, the U.K. pub owner that had its proposal to restructure 2.4 billion pounds ($3.7 billion) of debt rejected by bondholders last month, said the debt plan works.
Stephen Billingham, chairman of Punch Taverns Plc, the U.K. pub owner that had its proposal to restructure 2.4 billion pound ($3.7 billion) of debt rejected by bondholders last month, said the debt plan works.
The next hurdle to bank reform is looming after U.S. President Barack Obama and other Group of 20 leaders endorsed the Basel Committee on Banking Supervision’s new rules in South Korea last week: the bond market.
The U.K. government may start selling its 40 percent stake Lloyds Banking Group Plc this year after a surge in the bank’s shares, according to Robert Talbut, chief investment officer of Royal London Asset Management Ltd.
Amazon.com Inc. and brick-and-mortar stores urged U.S. senators to pass legislation to let states collect sales taxes from online retailers based elsewhere, as other Internet companies said they oppose the measure.
The U.K.’s biggest investors want to put billions of pounds into British infrastructure, creating jobs and growth in an economy that is still smaller than it was in 2009. The government is preventing them, they say.