UK economy

Image for UK lenders expect further widening of mortgage spreads: BoE
Top Stories

UK lenders expect further widening of mortgage spreads: BoE

LONDON (Reuters) – British lenders surveyed in late November and early December predicted a further...

19th January, 2023

Image for Pearson annual profit rises 11%, ahead of forecasts
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Pearson annual profit rises 11%, ahead of forecasts

LONDON (Reuters) – British education group Pearson said it would post adjusted operating profit of a...

18th January, 2023

Image for FTSE 100 snaps four-day winning streak as Britain’s Ocado slumps
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FTSE 100 snaps four-day winning streak as Britain’s Ocado slumps

By Johann M Cherian and Shashwat Chauhan (Reuters) -UK’s blue-chip index closed lower on Tuesday, en...

18th January, 2023

Image for Asking prices for UK homes rise after “mini-budget” shock – Rightmove
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Asking prices for UK homes rise after “mini-budget” shock – Rightmove

By Suban Abdulla LONDON (Reuters) – Asking prices for British homes rose for the first time in two m...

16th January, 2023

Image for UK’s M&S plans to open 20 new stores in Britain – The Times
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UK’s M&S plans to open 20 new stores in Britain – The Times

(Reuters) -British retailer Marks & Spencer (M&S) plans to open 20 new stores creating 3,400 jobs th...

16th January, 2023

Image for Taylor Wimpey looks at job cuts to rein in costs, lowers homebuilding target
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Taylor Wimpey looks at job cuts to rein in costs, lowers homebuilding target

By Aby Jose Koilparambil (Reuters) -British housebuilder Taylor Wimpey Plc is considering job cuts t...

13th January, 2023

Image for Commodity-linked stocks push FTSE 100 higher; retailers slide
Investing

Commodity-linked stocks push FTSE 100 higher; retailers slide

By Shashwat Chauhan (Reuters) -UK’s FTSE 100 rose on Thursday, as gains in commodity stocks outweigh...

12th January, 2023

Image for Analysis-Gated UK property funds are open to further risk
Investing

Analysis-Gated UK property funds are open to further risk

By Carolyn Cohn and Elizabeth Howcroft LONDON (Reuters) – UK property funds face further exit reques...

11th January, 2023

Image for Christmas fizz prompts UK’s Sainsbury’s to lift profit guidance
Business

Christmas fizz prompts UK’s Sainsbury’s to lift profit guidance

By James Davey LONDON (Reuters) -Sainsbury’s, the first listed British supermarket to update on Chri...

11th January, 2023

Image for Miners push FTSE 100 to over 4-year high, Direct Line tumbles
Investing

Miners push FTSE 100 to over 4-year high, Direct Line tumbles

By Shashwat Chauhan (Reuters) – UK’s exporter-heavy FTSE 100 hit an over four-year high on Wednesday...

11th January, 2023

Image for JD Sports sees bills-free young shoppers boosting profits
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JD Sports sees bills-free young shoppers boosting profits

By Sarah Young LONDON (Reuters) – JD Sports expects young shoppers not yet saddled with household bi...

11th January, 2023

Image for Sterling dips after data highlights ‘horrible’ economic backdrop
Trading

Sterling dips after data highlights ‘horrible’ economic backdrop

By Amanda Cooper LONDON (Reuters) – The pound dipped on Tuesday, as a week-old rally ran out of stea...

10th January, 2023