uk-economy
BusinessBritain Seeks Views on Including Shipping in Carbon Market From 2026
FinanceUK Mortgage Approvals Rise to Highest Since August 2022
Top StoriesUK Net Migration Hit Record of More Than 900,000 in 2023
BusinessUK Budget Shows Government Doesn’t Understand Business, Says Retail Veteran
UK’s Direct Line Surges After Rejecting Aviva’s $4.16 Billion Takeover Offer
Date: November 28, 2024
(Reuters) -Shares in UK’s Direct Line Insurance soared over 36% in early trade on Thursday after it rejected a 3.28 billion pound ($4.16 billion) takeover offer from bigger rival Aviva, saying it “substantially undervalued” the company. The insurer, which made the announcement after market hours on Wednesday, topped gains on the FTSE 250 mid-cap index,...
UK House Prices Became Slightly More Affordable in 2024, Halifax Says
Date: November 28, 2024
By David Milliken LONDON (Reuters) – Buying a new home in Britain became a little more affordable this year as average wages rose faster than house prices and mortgage costs, the country’s largest mortgage lender said on Thursday. Halifax, part of Lloyds Banking Group, said the average house in the third quarter of 2024 cost...
UK Car Output Drops for Eighth Straight Month in October, Data Shows
Date: November 28, 2024
(Reuters) – British car production experienced its eighth consecutive month of decline in October, as factories continued efforts to retool for making the next generation of zero-emission vehicles, according to industry data released on Thursday. A total of 77,484 new cars rolled off production lines, down 15.3% from last year, the Society of Motor Manufacturers...
Former Conservative Leader William Hague Appointed Oxford University Chancellor
Date: November 27, 2024
LONDON (Reuters) -William Hague, a former British foreign minister and onetime leader of the Conservative Party, was elected on Wednesday as the next chancellor of the University of Oxford, a largely ceremonial role which dates back centuries. Hague was named as the successor to Chris Patten, Britain’s last governor of Hong Kong and another former...
FTSE Indexes Stabilise After Trump Tariff-Led Selloff
Date: November 27, 2024
(Reuters) – The UK’s FTSE 100 index edged slightly higher on Wednesday as investors assessed the fallout of U.S. President-elect Donald Trump’s tariff threats on global trade and awaited U.S. economic data later in the day. The blue-chip FTSE 100 edged up 0.1% by 1223 GMT, while the midcap FTSE 250 rose 0.2%, stabilising after...
Sterling Drops Versus Dollar, Flat Against Euro, Awaits Data
Date: November 27, 2024
By Stefano Rebaudo (Reuters) – Sterling rose against the dollar and was little changed versus the euro on Wednesday, with investors focused on the market reaction to U.S. President-elect Donald Trump’s tariff promises. Markets will closely watch the U.S. economic data later in the day, which could affect the Federal Reserve’s easing path. The greenback...