uk-economy
BankingHSBC Relaunches ‘Premier’ Brand in UK in Pursuit of Wealthy Clients
InvestingSterling Jumps After Data Shows Faster Rise in UK Inflation
FinanceUK Inflation Rises by More Than Expected to 2.3% in October
Top StoriesUK Retail Warns of Inflation and Job Losses From Budget, Seeks Reeves Meeting
UK to Relaunch Trade Talks With India, Seeks ‘new Strategic Partnership’
Date: November 19, 2024
By Muvija M LONDON (Reuters) -Britain will restart talks with India on a free trade deal in the new year, Prime Minister Keir Starmer’s office said on Monday, following a months-long pause in negotiations due to elections in both countries. London will seek a “new strategic partnership” with India as well as deepening co-operation in...
UK’s FTSE 100 Closes Near One-Week High, Melrose Shines
Date: November 19, 2024
(Reuters) -UK’s FTSE 100 closed higher on Monday, with conglomerate Melrose topping the index following an upbeat trading update, while domestically-focussed midcaps closed lower as caution prevailed ahead of an inflation report due later in the week. The export-heavy FTSE 100 index rose 0.57% to a near one-week high, buttressed by a 3.2% jump in...
Revolut Gets UK Trading License, Set to Offer UK & EU Stock Trading
Date: November 19, 2024
(Reuters) – Fintech Revolut said on Monday it has got a UK trading license from the British financial regulator that will allow the company to offer trading of UK and EU-listed stocks and exchange-traded funds from 2025. The company, which recently secured a $45 billion valuation making it one of Europe’s most valuable fintechs, will...
UK’s Starmer Calls for ‘consistent, Durable’ Ties With China in Xi Meeting
Date: November 18, 2024
RIO DE JANEIRO (Reuters) -British Prime Minister Keir Starmer called on Chinese President Xi Jinping on Monday to establish “consistent, durable” relations between their two nations, pressing on with efforts to thaw ties between London and Beijing at a G20 summit. The meeting in Brazil was the first between the countries’ two leaders since 2018,...
UK Creates New Businesses at Slowest Rate Since 2010
Date: November 18, 2024
LONDON (Reuters) – Britons started new businesses last year at the slowest rate since 2010, a potential warning sign for longer-term economic growth and productivity, according to official data published on Monday. The number of new businesses started in the United Kingdom fell to 316,000 in 2023 from 337,000 in 2022, the Office for National...
London Stocks Start Week on Steady Note; Melrose Shines
Date: November 18, 2024
(Reuters) – UK’s main stock indexes traded in a tight range on Monday, as caution prevailed ahead of an inflation report due later in the week, while conglomerate Melrose jumped following an upbeat trading update. In a quiet start to the week, the FTSE 100 index inched up 0.2%, buttressed by gains in precious metal...