uk-economy
BusinessUK Firms Jittery About Rise in Labour Costs and Trump Tariffs, Survey Shows
InvestingUK’s FTSE 100 Falls as AstraZeneca, BoE Governor’s Remarks Weigh
FinanceEdf to Extend the Operating Life of Four British Nuclear Plants
Top StoriesUK Set for Faster Growth in 2025 but High Inflation Too, OECD Forecasts
UK’s FTSE 100 Extends Winning Streak as Energy Stocks Climb
Date: December 4, 2024
(Reuters) – Britain’s FTSE 100 gained for a fifth straight session on Tuesday as higher oil prices lifted energy shares, while SSP surged after the Upper Crust owner raised hopes of an improvement at its continental European business. The blue-chip FTSE 100 rose 0.56%, hovering near a six-week high touched in the previous session. The...
UK’s Reeves Promises More Power for England’s Regional Mayors
Date: December 4, 2024
MANCHESTER, England (Reuters) – Regional mayors across England will be given new powers to boost economic growth and attract investment, British finance minister Rachel Reeves said on Tuesday during a visit to the northern English city of Hull. The poor economic performance of regions outside the capital, and London’s growing dominance, has become an increasingly...
King Charles Welcomes Qatar’s Emir as State Visit Begins
Date: December 3, 2024
By Sarah Young LONDON (Reuters) -King Charles and Keir Starmer welcomed Qatar’s emir, Sheikh Tamim bin Hamad Al Thani, for a state visit to Britain on Tuesday that the prime minister hopes will help build on the Gulf state’s investment in the country. The emir and wife Sheikha Jawaher bint Hamad bin Suhaim Al Thani...
Shift to New UK Job Market Survey May Be Delayed to 2027, Ons Says
Date: December 3, 2024
By Suban Abdulla and William Schomberg LONDON (Reuters) – Britain’s statistics agency cautioned on Tuesday that the shift to its new, improved labour market survey may be pushed back to as late as 2027, dealing a fresh blow to the Bank of England as it tries to assess inflationary pressures in the economy. The Office...
Britons Spent $4.6 Billion Online Over Black Friday/Cyber Monday Period, Says Adobe
Date: December 3, 2024
LONDON (Reuters) – British shoppers spent 3.63 billion pounds ($4.6 billion) online over the Black Friday/Cyber Monday (Nov. 29-Dec. 2) period, a 5.2% increase year-on-year, according to data from Adobe Analytics published on Tuesday. UK retailers were looking to the discount weekend to kick start trading in the run up to Christmas after official data...
UK’s FTSE 100 Jumps on Energy Boost
Date: December 3, 2024
(Reuters) – The UK’s benchmark FTSE 100 extended gains on Tuesday as a rise in oil prices lifted the heavyweight energy shares, while EasyJet jumped to a near eight-month high after multiple brokerages raised their target price on the budget airline. The blue-chip FTSE 100 rose 0.7%, while the midcap FTSE 250 was up 0.5%...