uk-economy
Top StoriesBritain’s Next Keeps Profit Guidance After First-Quarter Sales Rise
Top StoriesBank of England Tweaks Lifetime Loss Estimate for Qe Programme
Top StoriesFTSE 100 Extends Record Streak on Company News
Top StoriesFTSE 100 Continues Record Run, Darktrace Rallies on Buyout Deal
NatWest First-Quarter Profit Slumps 27% as Savings, Mortgage Competition Bite
Date: April 26, 2024
NatWest first-quarter profit slumps 27% as savings, mortgage competition bite By Lawrence White LONDON (Reuters) -NatWest’s first-quarter profit fell by a less than expected 27%, it said on Friday, hit by competition for savings, lending and mortgage products which has squeezed margins across the sector. The British bank said pretax operating profit for the January-March...
Two Million Britons Suffer Long Covid Symptoms, Survey Shows
Date: April 25, 2024
Two million Britons suffer long COVID symptoms, survey shows By David Milliken LONDON (Reuters) – Two million people across England and Scotland are still suffering from long COVID symptoms, of whom 381,000 have had their day-to-day activities limited a lot, according to an official study published on Thursday. Britain’s Office for National Statistics said 3.3%...
Bank of England Looks to Shine a Light on Private Equity Leverage
Date: April 22, 2024
Bank of England looks to shine a light on private equity leverage By Huw Jones LONDON (Reuters) – Regulators need to shine a light on the $8 trillion global private equity sector, as opaque leverage makes it hard to get a picture of the risks it poses to financial stability, jobs and growth, a Bank...
London Shares Rebound as Fears of Wider Middle East Conflict Ebb
Date: April 22, 2024
London shares rebound as fears of wider Middle East conflict ebb By Pranav Kashyap and Shubham Batra (Reuters) -London stocks gained 1% on Monday, following last week’s sharp selloff, as fears of the Middle East crisis escalating eased and investors looked ahead to domestic and U.S. economic data later in the week. The benchmark FTSE...
UK Supermarket Asda Says 2023 Underlying Profit up 24%
Date: April 22, 2024
UK supermarket Asda says 2023 underlying profit up 24% LONDON (Reuters) – Asda, Britain’s third biggest supermarket group, reported a 24% rise in annual earnings on Monday that reflected a 7% rise in total sales. Asda, owned by brothers Zuber and Mohsin Issa and private equity firm TDR Capital, said 2023 adjusted EBITDA after rent,...
Sterling Wavers as Markets Gauge Reported Israeli Attack on Iran
Date: April 19, 2024
Sterling wavers as markets gauge reported Israeli attack on Iran By Harry Robertson LONDON (Reuters) – The pound was little changed on Friday after falling to a five-month low against the dollar in Asian trading hours as investors responded to reports of an Israeli attack on Iran. People familiar with the matter told Reuters that...