uk-economy
BusinessUK Retail Sales Stagnate Despite Easing Inflation
Top StoriesUK Inflation Slows by Less Than Expected to 3.2% in March
Top StoriesUK Fintechs Ask Government for Help to Ease Capital Shortages
Top StoriesRecruiter PageGroup’s Quarterly Profit Slumps 13% as Hiring Remains Subdued
Pound Hits Five-Month Low as Dollar Rallies on Lower Fed Bets
Date: April 12, 2024
Pound hits five-month low as dollar rallies on lower Fed bets By Anna Pruchnicka LONDON (Reuters) -Sterling fell to a five-month low on Friday even as data showed the British economy was on course to exit its shallow recession, with all major currencies coming under pressure from a dominant dollar. The pound was down 0.48%...
London Shares Eye Weekly Gains as Miners Spark Rally
Date: April 12, 2024
London shares eye weekly gains as miners spark rally By Pranav Kashyap and Khushi Singh (Reuters) -British equities rose on Friday and were set for weekly gains, led by metal miners, while data showed that the economy grew for a second straight month in February, on course to exit a shallow recession. The exporter-heavy FTSE...
Bank of England’s Greene Says Rate Cuts Should Be “a Way Off”
Date: April 11, 2024
Bank of England’s Greene says rate cuts should be “a way off” (Reuters) -Bank of England policymaker Megan Greene said interest rate cuts in Britain should remain “a way off” because of the persistence of inflation pressure, which is still more of a threat than in the United States. Greene said that markets were wrong...
UK Equities End Volatile Session Higher as Investors Ponder Rate Outlook
Date: April 10, 2024
UK equities end volatile session higher as investors ponder rate outlook By Sruthi Shankar, Khushi Singh and Pranav Kashyap (Reuters) -UK equities closed Wednesday’s volatile session higher as investors pondered the outlook for global rates after hotter-than-expected U.S. inflation data tempered expectations the Federal Reserve would cut rates several times this year. The blue-chip FTSE...
UK’s Tesco Forecasts Profit Rise as Consumer Sentiment Improves
Date: April 10, 2024
UK’s Tesco forecasts profit rise as consumer sentiment improves By James Davey LONDON (Reuters) -Britain’s biggest retailer Tesco forecast a further rise in profit on Wednesday, citing early signs of improving consumer sentiment, after customer wins from rivals helped drive an 11% jump last year. CEO Ken Murphy said easing food inflation, lower energy prices...
Large UK Companies See Lowest Uncertainty in Nearly 3 Years
Date: April 8, 2024
Large UK companies see lowest uncertainty in nearly 3 years By David Milliken LONDON (Reuters) – Concern among large British companies about economic uncertainty has fallen to its lowest since mid-2021 but the improved mood is not yet translating into stronger investment, a Deloitte survey showed on Monday. Britain’s economy entered a shallow recession in...