uk-economy
Top StoriesUK’s Berkeley Turns to Build-To-Rent Segment; Raises Earnings View
Top StoriesUK Grocery Inflation Edges Lower Again Ahead of Election, Kantar Says
Top StoriesUK Housing Market Falters as Rate Cut Hopes Fade, Rics Survey Shows
Top StoriesUK Economy Shows No Growth in April – Ons
UK Job Market on Its Way Back After Downturn, Recruiters Say
Date: June 10, 2024
UK job market on its way back after downturn, recruiters say LONDON (Reuters) – A fall in permanent hiring by employers in Britain was its least severe in more than a year in May and the recruitment market appears to be poised for a recovery, an industry survey showed on Monday. In a report that...
Bellway Lifts House Price Outlook After Strong Spring Season
Date: June 7, 2024
Bellway lifts house price outlook after strong spring season By Aby Jose Koilparambil (Reuters) – British homebuilder Bellway raised its annual average selling price forecast on Friday and pointed to strong trading in the spring selling season as improved affordability lifted customer confidence. The upbeat trading update comes as sticky inflation in Britain has clouded...
Sterling Ticks Lower as Wage Growth Expectations Ease
Date: June 6, 2024
Sterling ticks lower as wage growth expectations ease LONDON (Reuters) – The pound softened versus the euro on Thursday ahead of a European Central Bank meeting and after data showed a fall in British businesses’ expectations for wage growth in the coming year. The euro was last up 0.12% on sterling at 85.09 pence, though...
UK Services Firms Report Slower Growth and Weaker Inflation, PMI Shows
Date: June 5, 2024
UK services firms report slower growth and weaker inflation, PMI shows By David Milliken LONDON (Reuters) – Growth among Britain’s services businesses eased in May from April’s 11-month high and inflation pressures dropped to their lowest in three years, a survey showed on Wednesday, potentially easing the way for a Bank of England rate cut...
UK New Car Sales Grows in May Despite Drop in Private Consumer Purchases – Smmt
Date: June 5, 2024
UK new car sales grows in May despite drop in private consumer purchases – SMMT (Reuters) -New car registrations in Britain rose in May helped by higher fleet vehicle demand, industry data showed on Wednesday, countering a drop in private consumer purchases despite manufacturers’ discount offerings amid a cost-of-living crisis. The Society of Motor Manufacturers...
UK Discounter B&m Profit up 10%, Boosted by New Store Openings
Date: June 5, 2024
UK discounter B&M profit up 10%, boosted by new store openings LONDON (Reuters) – British discount chain B&M on Wednesday met expectations with a 9.7% rise in full-year profit, reflecting a similar rise in revenue that was boosted by 78 new store openings. The FTSE 100 retailer, which sells everything from garden furniture and electrical...