uk-economy
TradingUS Dollar Weakens, Sterling Hits More Two-Year High
BusinessUK Shop Prices Dip for First Time in Nearly 3 Years, Survey Shows
Top StoriesExtreme Weather and Geopolitics to Send UK Energy Bills up 10%
BusinessUK Businesses Report More Growth Momentum in August
UK Factory Orders Fall Again but by Less Than in July, Cbi Survey Shows
Date: August 22, 2024
(Reuters) – British factory orders fell again this month but at a less severe pace than in July, according to a survey published on Thursday that showed little sign of a sustained recovery for the manufacturing sector. The Confederation of British Industry’s monthly net balance of new orders rose in August to -22 from...
How Regional SMEs Bounced Back
Date: August 21, 2024
Ian Carter, partner at national accountancy and advisory group Dains, discusses how small and medium businesses bounced back from the past few years of turbulent trading conditions and why they are key to our economy. SMEs have had a tricky few years, amidst a global pandemic, rises in interest rates affecting demand, global supply chain...
Sun and Holidays Boost UK Supermarket Spending but Asda Struggles, Says Niq
Date: August 21, 2024
By James Davey LONDON (Reuters) – Warm weather and household buying ahead of summer holidays accelerated sales growth at UK supermarkets in August, although No. 3 player Asda continued to struggle, industry data showed on Wednesday. Market researcher NIQ said sales at UK supermarkets grew 5.5% year-on-year over the four weeks to Aug. 10,...
Britain’s Waitrose to Invest $1.3 Billion in Stores Over Three Years
Date: August 21, 2024
LONDON (Reuters) – British upmarket supermarket group Waitrose plans to invest 1 billion pounds ($1.30 billion) in new and existing shops over the next three years, it said on Wednesday. The chain, part of the employee-owned John Lewis Partnership, said it would open up to 100 convenience shops across the UK over the next...
UK Employer Pay Awards Soften in Three Months to July, Brightmine Survey Shows
Date: August 21, 2024
(Reuters) – Pay awards granted by British employers fell during the three months to July, according to a survey on Wednesday that chimed with Bank of England forecasts for slowing wage growth. Median basic pay settlements in the three months to July were 4.5% higher than a year earlier, the smallest rise since the...
UK Estate Agents Report More Buyer Interest After BoE Rate Cut
Date: August 19, 2024
By David Milliken LONDON (Reuters) – British estate agents have seen a pick-up in demand from buyers since the Bank of England’s decision on Aug. 1 to begin cutting interest rates from a 16-year high, property website Rightmove said on Monday. Rightmove, which says it advertises property for more than nine of every 10...