uk-economy
Top StoriesDollar up as Traders Await Fed Clues; Sterling Rises
Top StoriesSterling Steady Ahead of Expected Drop in Inflation
Top StoriesAsking Prices for UK Homes Hit Record High, Rightmove Says
Top StoriesMixed UK Labour Market Signals Leave BoE on Rate Cut Alert
London Stocks Muted Ahead of More Earnings, Economic Data
Date: May 13, 2024
London stocks muted ahead of more earnings, economic data By Pranav Kashyap (Reuters) – London’s FTSE 100 was flat on Monday as gains in travel and leisure were offset by losses in defence stocks as investors await more corporate updates and comments from the Bank of England (BoE) officials on the state of the British...
UK Employers Plan 4% Pay Rises in Coming Year, Survey Shows
Date: May 13, 2024
UK employers plan 4% pay rises in coming year, survey shows By Suban Abdulla LONDON (Reuters) – British employers expect to raise wages by 4% over the coming 12 months, a similar rate to three months ago, according to an industry survey on Monday that suggested businesses were less willing to take on higher labour...
Retailer Lidl UK Raises Staff Pay for Third Time in 12 Months
Date: May 10, 2024
Retailer Lidl UK raises staff pay for third time in 12 months LONDON (Reuters) – The British arm of German supermarket group Lidl said it would lift wages by over 3% in June, giving thousands of workers a third pay rise in 12 months. Lidl said on Friday it would raise pay for staff across...
Europe’s Rush for Rate Cuts Shifts Global Market Power Away From US
Date: May 9, 2024
Europe’s rush for rate cuts shifts global market power away from US By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – The Bank of England has sent a new signal that borrowing costs will fall earlier and further across Europe than in the United States, setting markets up for major shifts as investors play a...
Bank of England Clears Path for Its First Rate Cut Since 2020
Date: May 9, 2024
Bank of England clears path for its first rate cut since 2020 By William Schomberg, David Milliken and Suban Abdulla LONDON (Reuters) -The Bank of England paved the way on Thursday for the start of interest rate cuts as soon as next month and Governor Andrew Bailey said there could be more reductions than investors...
Itv Forecasts 12% Jump in Q2 Ad Revenue on Euros Demand
Date: May 9, 2024
ITV forecasts 12% jump in Q2 ad revenue on Euros demand LONDON (Reuters) – Britain’s ITV said its advertising revenue would jump by around 12% in the second quarter, four times the level achieved in the first, boosted by the Euros soccer championship which kicks off in June. The company, which broadcast “Mr Bates vs...