uk-economy
Top StoriesHomeware Retailer Dunelm Sees Annual Profit Slightly Ahead of Market View
Top StoriesBritain’s New Government Must Act Fast to Meet 2030 Climate Target, Say Advisers
Top StoriesBritain’s Octopus Energy Eyes New Onshore Wind Projects After Ban Lifted
Top StoriesUK Building Firms Face Worst Recruitment Problems, Survey Shows
Analysis-Shunned UK Markets Emerge as Haven From Global Storms
Date: July 12, 2024
By Naomi Rovnick and Anousha Sakoui LONDON (Reuters) – Investors are looking at UK markets as a potential haven as political uncertainty rises in the U.S. and elsewhere in Europe, in what could mark a stunning turnaround for a country that appeared to have lost its traditional appeal to global capital. A landslide election victory...
Faster UK Economy Growth Gives Gift to New Government
Date: July 11, 2024
By Andy Bruce (Reuters) – Britain’s economy grew more quickly than expected in May, providing some momentum for the new government of Prime Minister Keir Starmer but adding to doubts about whether the Bank of England will cut interest rates next month. Economic output increased by 0.4% in May, after zero growth in April, the...
Britain Likely to Lose Nearly One in Six Millionaires by 2028, Report Says
Date: July 10, 2024
By Dave Graham ZURICH (Reuters) – Britain is likely to lose nearly one in six of its U.S. dollar millionaires by 2028, but their number is set to grow in other countries including the United States and surge in Taiwan, according to a report published on Wednesday. The UBS Global Wealth Report for 2024 forecast...
UK’s Capita Surges About 23% on Sale of Software Business
Date: July 9, 2024
UK’s Capita surges about 23% on sale of software business (Reuters) -Shares in Capita jumped nearly 23% in early trading on Tuesday after the British outsourcing firm agreed to sell its standalone software business Capita One to a unit of MRI Software in a deal worth 200 million pounds ($256 million). Capita said it expects...
Fewer UK Companies Plan to Increase Prices, Survey Shows
Date: July 8, 2024
Fewer UK companies plan to increase prices, survey shows LONDON (Reuters) – Fewer British firms plan to raise their prices in the coming months, according to a survey that will give reassurance to the Bank of England as it considers the possibility of cutting interest rates as soon as next month. In a latest sign...
North Sea Oil Producers Urge Labour’s Starmer for Tax Clarity
Date: July 5, 2024
North Sea oil producers urge Labour’s Starmer for tax clarity By Ron Bousso LONDON (Reuters) – North Sea oil and gas producers urged Britain’s incoming Prime Minister Keir Starmer to provide clarity on his election promise to increase tax on the sector, warning it could lead to a rapid decline in output and revenue. Starmer’s...