uk-economy
TradingUK’s FTSE 100 Slips on Utilities Losses; Indexes Set for Weekly Gains
FinanceAviva Sweetens Direct Line Bid to $4.33 Billion, Bloomberg News Reports
Top StoriesUnclear How Trump Tariffs Would Move UK Inflation, BoE’s Greene Says
TradingPersonal Goods Stocks Lifts FTSE 100; Frasers Slumps
Factbox-The Six Milestones Starmer Says Will Define Success of UK Government
Date: December 5, 2024
By Andrew MacAskill LONDON (Reuters) – British Prime Minister Keir Starmer on Thursday announced six priorities intended to convince dissatisfied voters he was addressing their concerns after his approval ratings have plunged since Labour’s national election victory in July. Below is a list of what he called “milestones” he wants to achieve by the next...
UK’s Starmer Says He Has Not Watered Down Economic Growth Pledges
Date: December 5, 2024
LONDON (Reuters) – British Prime Minister Keir Starmer said on Thursday that he had not watered down the his ambition for Britain to become the fastest growing economy in the Group of Seven, as he set out ways to measure the government’s progress. The government will now “aim” for the fastest economic growth per capita...
Starmer Pledges Measurable ‘milestones’ to Rebuild Britain After Rocky Start
Date: December 5, 2024
By Alistair Smout and Elizabeth Piper IVER, England (Reuters) -Prime Minister Keir Starmer pledged on Thursday to deliver on his priorities to rebuild Britain by offering voters targets for improved living standards and more home building in a speech he hopes will draw a line under a bumpy start to government. Five months since his...
Shell and Equinor Form UK North Sea Oil and Gas Joint Venture
Date: December 5, 2024
By Louise Rasmussen, Ron Bousso and Nerijus Adomaitis COPENHAGEN/LONDON/OSLO (Reuters) -Shell and Norway’s Equinor will merge their British North Sea assets to form what is set to be the ageing basin’s largest oil and gas company, the pair said on Thursday. The 50-50 joint venture, to be based in Aberdeen, Scotland, will pool the companies’...
UK Firms Flag Over $1.4 Billion in Labour Costs From Increase in National Insurance, Wages
Date: December 5, 2024
(This Nov. 27 story has been corrected to say that Pets At Home and Halfords expect an increase in costs from a rise in both NIC and minimum wages, not just NIC) (Reuters) – British companies have flagged an increase of 1.1 billion pounds ($1.40 billion) in labour costs related to a rise in employers’...
UK’s FTSE 100 Little Changed as Real Estate Limits Gains in Personal Goods
Date: December 5, 2024
(Reuters) – UK’s benchmark FTSE 100 index was barely changed on Thursday, as gains in the personal goods sector were limited by losses in real estate, while Frasers dropped to an over two-year low after lowering its annual profit forecast. The blue-chip FTSE 100 was up 0.1%, while the midcap FTSE 250 was down 0.1%...