uk-economy
Business‘Kicked in the Face’: Frasers Blames UK Budget for Profit Downgrade
BusinessOver Half UK Firms Plan to Raise Prices, Cut Jobs After Budget, BoE Survey Shows
BusinessUK Electric Vehicle Sales Surge 58% Yoy in Nov, Industry Data Shows
TradingSterling Ticks Higher in Third Day of Gains
Britain Approves $19 Billion Vodafone-Three Mobile Merger
Date: December 5, 2024
By Paul Sandle LONDON (Reuters) -Britain on Thursday approved Vodafone’s $19 billion merger with Hutchison’s Three UK to create the country’s biggest mobile operator after their investment promises outweighed concerns about higher customer bills. The Competition and Markets Authority (CMA) said the combined group’s network investment plan would drive competition in the long term, dropping...
UK Construction Grows but House-Building Decline Steepens, PMI Shows
Date: December 5, 2024
LONDON (Reuters) – Activity in Britain’s construction industry picked up in November but growth was lopsided, according to an industry survey that showed weaker residential house-building which is sensitive to high interest rates. The S&P Global/CIPS UK Purchasing Managers’ Index for the construction industry came in at 55.2 last month, up from October’s 54.3. Robust...
Britain Approves $19 Billion Vodafone-Three Mobile Merger
Date: December 5, 2024
By Paul Sandle LONDON (Reuters) -Britain on Thursday approved the $19 billion merger between Vodafone UK and Hutchison’s Three UK to create the country’s biggest mobile operator and reduce the number of networks to three from four. The Competition and Markets Authority had previously said the deal could push up customer prices, but it later...
UK New Car Sales Dip About 2% in November, Preliminary Data Shows
Date: December 5, 2024
(Reuters) – New car registrations in Britain fell about 2% in November, according to preliminary industry data released on Thursday. The Society of Motor Manufacturers and Traders (SMMT) said the overall market share for battery electric cars exceeded the mandate target for the first time in November due to record levels of discounting. Britain’s strict...
UK and Qatar Pledge to Grow Investment Ties
Date: December 5, 2024
LONDON (Reuters) – British Prime Minister Keir Starmer and Qatar’s emir, Sheikh Tamim bin Hamad Al Thani, pledged to deepen their investment relationship during a meeting on the final day of a Qatari state visit to Britain. The visit comes as Starmer seeks to deepen ties with wealthy Gulf states in search of investment to...
More Flexibility Can Keep Sick UK Employees in Work, Report Says
Date: December 5, 2024
By David Milliken LONDON (Reuters) – British employees whose health deteriorates are four times more likely to drop out of the labour market if they have little or no flexibility over their working conditions, according to a report published on Thursday. The Work Foundation, a research group that is part of Lancaster University, said Britain’s...