uk-economy
TradingSterling Drops Versus Dollar, Flat Against Euro, Awaits Data
BusinessStellantis to Shut Vauxhall Van Plant in Britain
BusinessUK to Offer Mental Health Support to Grow Ailing Workforce
BusinessUK’s Ao Expects Better Black Friday and Raises Profit Outlook
UK Stocks Retreat as Trump’s Tariff Proposal Sparks Selloff
Date: November 26, 2024
By Sruthi Shankar (Reuters) – The main UK stock indexes eased on Tuesday from multi-week highs after U.S. President-elect Donald Trump’s latest tariff proposal for some of the country’s biggest trading partners sparked risk-off moves across global markets. The blue-chip FTSE 100 dipped 0.3% after touching a one-month closing high in the previous session. The...
Sterling Holds Steady as Trump Triggers Currency Swings
Date: November 26, 2024
By Harry Robertson LONDON (Reuters) – The pound was little changed on Tuesday, relatively unscathed after a threat from U.S. President-elect Donald Trump to ramp up tariffs on Canada, Mexico and China sparked volatility in currency markets. Sterling initially lost ground after Trump’s comments, reflecting its position as a “risk-sensitive” currency that tends to fall...
Gloom Spreads Across UK Retailers After Budget Tax Rises, Cbi Says
Date: November 26, 2024
By David Milliken LONDON (Reuters) – British retailers’ optimism has fallen to a two-year low following finance minister Rachel Reeves’ first budget as they brace for higher employment costs and soft consumer demand, the Confederation of British Industry said. Reeves announced a 25 billion pound ($31 billion) increase in employment taxes in her Oct. 30...
UK Water Regulator’s Final Price Decision Will Come on Dec. 19
Date: November 26, 2024
LONDON (Reuters) – Britain’s water regulator will publish its final price determination on Dec. 19, senior director Chris Walters confirmed to a parliamentary committee on Tuesday. The determination sets water prices and investment levels for the next five years, a key measure for the outlook of the country’s utilities, including struggling Thames Water. Ofwat had...
UK Regulators Propose More Relaxed Rules on Bankers’ Bonuses
Date: November 26, 2024
LONDON (Reuters) -British bankers should be able to spend their bonuses sooner, the Bank of England and Britain’s Financial Conduct Authority said on Tuesday, setting out plans to relax rules put in place after the global financial crisis. The BoE and FCA proposed that the most senior bankers should have their bonuses deferred by five...
UK’s Halfords Faces $29 Million Increase in Costs From UK Budget
Date: November 26, 2024
(Reuters) -British bicycle and car products retailer Halfords Group on Tuesday forecast its future costs to increase by around 23 million pounds ($28.86 million) due to higher employer social security contributions following the UK budget in October. The 130-year-old company, which has retail stores, garages, mobile vans, and home delivery services, joins a growing number...