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Britain’s NatWest privatisation target delayed to 2026 By Reuters

LONDON (Reuters) - The British government has said it will need an extra year to fully return state-backed lender NatWest to private hands, targeting 2026 to sell its majority ownership of the bank. NatWest - formerly Royal Bank of Scotland (LON:NWG) - remains 62% taxpayer-owned as a legacy of its state bailout in the 2007-09 financial crisis. The government has managed...

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UK’s Prince Philip is “slightly improving”, Duchess Camilla says By Reuters

LONDON (Reuters) - Britain's Prince Philip, the 99-year-old husband of Queen Elizabeth who is beginning a third week in hospital, is "slightly improving" although it "hurts at moments", Camilla, the Duchess of Cornwall said on Wednesday. Philip, the Duke of Edinburgh, was admitted to hospital on Feb. 16 after he felt unwell to receive treatment for an unspecified, but not COVID-19-related, infection....

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UK offers ‘super deduction’ to temper 25% corporation tax hike By Reuters

LONDON (Reuters) - Britain will raise corporation tax to 25% from 19% from 2023 to help pay for the cost of the COVID crisis but tempered the tax rise with a "super deduction" to spur investment, finance minister Rishi Sunak said on Wednesday. "The government is providing businesses with over 100 billion pounds of support to get through this pandemic so it...

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Britain has condemned Khashoggi murder, PM Johnson says By Reuters

LONDON (Reuters) - Britain has condemned the murder of journalist Jamal Khashoggi, Prime Minister Boris Johnson said on Wednesday. "We've condemned the murder of Jamal Khashoggi, we continue to call for a full investigation into the causes of his death," Johnson said when asked whether Britain would suspend arms sales to Saudi Arabia in light of the conflict and humanitarian crisis in...

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Britain to review surcharge on bank profits By Reuters

LONDON (Reuters) - Britain's finance minister Rishi Sunak has said the government will review the surcharge levied on bank profits, in a bid to keep the UK competitive with rival financial centres in the United States and the European Union. Sunak said in his Budget statement on Wednesday he was launching the review so that the combined tax burden on banks did...

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Interim UK study finds one dose of COVID shots reduces hospitalisation By Reuters

LONDON (Reuters) - One dose of either Pfizer-BioNTech's or AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine helps to prevent disease severe enough to require hospitalisation of people in their 80s with other illnesses, interim data from a UK study showed on Wednesday. The findings, from an ongoing surveillance project funded by Pfizer (NYSE:PFE) and...

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StockBeat: UBS’s VW Call, Stellantis Earnings Drive Cyclicals to New Highs By Investing.com

By Geoffrey Smith  Investing.com -- The cyclicals rally in Europe shifted up a gear on Wednesday, bolstered by hopes that the key export market of the U.S. will be fully reopened faster than previously thought, compensating for a still-uneven recovery at home. The cyclicals-heavy DAX in Germany hit an all-time high in early trading before retracing a fraction to be up 0.8% by 5.30...

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