uk-economy
Top StoriesUK Property Market Strengthens, Pressure on Renters Intensifies, Rics Says
InvestingSterling Hovers Near One-Month Low Ahead of US Inflation Print
BusinessTax Worries Knock UK Business Confidence, Survey Shows
Top StoriesUK Population Rises to 68.3 Million, Driven by Immigration
UK Pay Growth Weakest Since February 2021, Rec Survey Show
Date: October 7, 2024
LONDON (Reuters) – Britain’s jobs market showed more signs of cooling in September as pay growth increased at the slowest pace in almost four years, according to a survey likely to reassure the Bank of England as it considers whether to cut borrowing costs again. The Recruitment and Employment Confederation and KPMG said on...
Britain’s Tesco Lifts Profit Outlook After Strong First Half
Date: October 3, 2024
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursday after market share gains drove a 10% rise in the first half, giving it momentum ahead of the festive trading period. Shares in the group, which has a nearly 28% share of the UK grocery market, climbed 3%,...
Ssp Group Sees Profit Miss on Stronger Pound, French Weakness
Date: October 3, 2024
By Yamini Kalia (Reuters) – Upper Crust owner SSP Group warned on Thursday of lower than expected annual profits as a stronger pound and weakness in some European markets offset robust summer trading elsewhere. The London-headquartered company, which operates cafes, bars and restaurants in train stations and airports in 37 countries, said it saw...
Britain’s Tesco Lifts Annual Profit Forecast After Strong First Half
Date: October 3, 2024
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursday after a 10% rise in the first half that was driven by market share gains, giving it momentum ahead of the key festive trading period. The group, which has a near 28% share of the UK grocery...
Sainsbury’s Boss Looks to UK Budget to Lift Spending Gloom
Date: October 2, 2024
By James Davey COBHAM, England (Reuters) – Britons bruised by a cost of living crisis will not start spending strongly again until the new Labour government sets out its tax and spending plans, and interest rates fall further, the boss of supermarket Sainsbury’s said. Chief Executive Simon Roberts told Reuters that despite falling inflation, higher...
Labour’s Move to Tax Private Education Leaves Britain Divided
Date: September 30, 2024
By Sarah Young MALVERN, England (Reuters) – Mark Manwaring-White, 67, had been hoping to retire but a policy introduced by Britain’s new Labour government means his daughter’s school fees could rise by 20%. So instead, he’ll keep working. The removal of a tax exemption for private schools from January is an important part of...