uk-economy
Top StoriesUK Supermarket Sales Set for Euro 2024 Fillip, Says Niq
Top StoriesPound Heads for Best Monthly Gain of 2024 Ahead of US Inflation
Top StoriesLondon Stocks End Higher for Third Month
InvestingBritish Equities Drop as Interest Rate Outlook Weighs
Sterling Holds Near Two-Month Highs in Volatile Week
Date: May 24, 2024
Sterling holds near two-month highs in volatile week By Amanda Cooper LONDON (Reuters) – The pound eased on Friday after data showed wet weather hit UK consumer spending far more than expected in April, but evidence of sticky inflation, and the surprise announcement this week of a July general election kept sterling near two-month highs....
Millions of Britons Set for Lower Energy Bills After 7% Price Cap Cut
Date: May 24, 2024
Millions of Britons set for lower energy bills after 7% price cap cut By Susanna Twidale (Reuters) -Most British household energy bills will fall from July after regulator Ofgem cut its domestic price cap by 7%, largely thanks to a fall in wholesale energy prices, but analysts warned the reduction could be temporary. The drop...
Washout for UK Retailers as Rain Spurs Sharp Drop in April Sales
Date: May 24, 2024
Washout for UK retailers as rain spurs sharp drop in April sales By Andy Bruce (Reuters) -British retail sales slid by far more than expected in April as rainy weather kept shoppers away, in more mixed economic news for Prime Minister Rishi Sunak ahead of a national election, data showed on Friday. Sales volumes dropped...
UK Commercial Property Values Stabilising Despite Offices Drag, Says British Land
Date: May 22, 2024
UK commercial property values stabilising despite offices drag, says British Land By Iain Withers and Aby Jose Koilparambil LONDON (Reuters) -Landlord British Land said UK commercial property values have begun to stabilise after a torrid period for real estate investments, as it reported forecast-beating earnings on Wednesday. Commercial property owners globally have been hit by...
Stocks Stumble on Inflation Jitters, Offsetting High Nvidia Hopes
Date: May 22, 2024
Stocks stumble on inflation jitters, offsetting high Nvidia hopes By Tom Wilson LONDON (Reuters) -Shares fell on Wednesday as stronger-than-expected inflation in Britain offset hopes that AI-heavyweight Nvidia could meet sky-high expectations, with investors waiting for clues on any moves by the U.S. Federal Reserve to begin to cut interest rates. European stocks dipped 0.3%...
UK Inflation Pressure Stays Hot, Dashing Hopes for June Rate Cut
Date: May 22, 2024
UK inflation pressure stays hot, dashing hopes for June rate cut By Andy Bruce and Suban Abdulla LONDON (Reuters) -Inflation in Britain eased less than expected and a key core measure of prices barely dropped, prompting investors to pull bets on a Bank of England rate cut next month which could have boosted embattled Prime...