uk-economy
BusinessGreggs’ Growth Story Won’t Be Derailed by UK Budget, CEO Says
Top StoriesUK Workers Face Some of Europe’s Greatest Job Stress, Report Says
TradingWeaker Pound Takes FTSE 100 to Best Week in Six Months
FinanceEnergy Bills to Rise for Most Britons After 1.2% Price Cap Rise
UK Retail Sales Dived Before New Government’s Budget, Ons Says
Date: November 22, 2024
By William Schomberg LONDON (Reuters) – British retail sales fell by much more than expected in October, according to official data that added to other signs of a loss of momentum in the economy in the run-up to the first budget of Prime Minister Keir Starmer’s new government. Sales volumes dropped by 0.7% from September,...
Sterling Falls to 6-month Low After Weak UK Retail Sales
Date: November 22, 2024
LONDON (Reuters) – The pound weakened on Friday after data showing British retail sales fell by much more than expected in October, which if matched by other soft data could cause the Bank of England to be less cautious when it comes to rate cuts. Sterling was last down 0.22% on the dollar at $1.2566,...
UK Consumers Cheer up a Bit as Budget Nerves Lift, GfK Survey Shows
Date: November 22, 2024
LONDON (Reuters) – British consumers have turned less pessimistic following the government’s first budget and the U.S. presidential election and they are showing more appetite for spending in the run-up to Christmas, according to a survey published on Friday. The GfK Consumer Confidence Index, the longest-running measure of British consumer sentiment, rose to -18 in...
UK to Scrap Royal Navy Ships, Retire Helicopters to Save $633 Million
Date: November 21, 2024
LONDON (Reuters) -British defence minister John Healey said on Wednesday he would free up 500 million pounds ($633 million) for military budgets over five years by scrapping a number of Royal Navy ships, decommissioning a drone system and retiring some helicopters. “These will not be the last difficult decisions I will have to make,” Healey...
UK Midcap Shares Dragged Lower by Cmc Markets
Date: November 21, 2024
By Sruthi Shankar (Reuters) – The UK’s midcap index fell to its lowest in three months on Thursday after a disappointing trading update from CMC Markets, while sportswear retailer JD Sports Fashion sank following a profit warning. The FTSE 250 index of domestically oriented companies dipped 0.1% by 1133 GMT, trading at its lowest since...
Sterling Sags as ‘Trump Bump’ Lifts Dollar
Date: November 21, 2024
By Amanda Cooper LONDON (Reuters) – The pound eased modestly against the dollar, which held firm on Thursday, as investors remained laser-focused on who President-elect Donald Trump’s Treasury Secretary pick might be and what that might mean for his policies on growth, trade and taxes. With the dollar in the ascendant, sterling wilted, last down...