uk-economy
Top StoriesAnalysis-Women in UK Finance Earn a Third Less Than Male Colleagues, Data Shows
Top StoriesUK House Prices Fall for First Time in 6 Months as Rates Stay High
Top StoriesSterling Hits One-Week High vs Dollar, Focus on Rally Against Swiss Franc
Top StoriesUK on Track to Exit Recession Despite Slower Services Growth, PMI Data Shows
UK Supermarket Sales Rise 5.4%, Niq Market Researcher Says
Date: April 3, 2024
UK supermarket sales rise 5.4%, NIQ market researcher says LONDON (Reuters) – British supermarket total sales rose by 5.4% year-over-year in the four weeks to March 23 as slowing inflation encouraged shoppers to increase their purchases, industry data showed on Wednesday. The increase was slightly stronger than the 5.3% rise reported a month earlier, market...
UK’s Topps Tiles Flags Persistent Weak Demand in 2024 After Lower H1 Volumes
Date: April 3, 2024
UK’s Topps Tiles flags persistent weak demand in 2024 after lower H1 volumes (Reuters) -Britain’s largest tile retailer Topps Tiles said on Wednesday subdued demand in the domestic repair and maintenance sector, especially for big-ticket projects, persisted into 2024, with lower volumes impacting its half-year profit. Fortunes of companies such as Topps Tiles are firmly...
UK Shop Prices Rise at Slowest Pace Since December 2021
Date: April 2, 2024
UK shop prices rise at slowest pace since December 2021 LONDON (Reuters) – Prices in British shops rose at the slowest pace in more than two years in March, the British Retail Consortium (BRC) said on Tuesday, adding to signs that the country’s inflation squeeze is now fading fast. Shop price inflation dropped to 1.3%...
UK Competition Regulator Decides Against In-Depth Probe of Aviva, Aig Life UK Merger
Date: March 28, 2024
UK competition regulator decides against in-depth probe of Aviva, AIG Life UK merger LONDON (Reuters) -Britain’s competition regulator said on Thursday that it has decided not to open an in-depth ‘phase 2’ investigation into Aviva’s acquisition of AIG Life UK. Britain’s Aviva agreed last September to buy the UK life insurance business of U.S. insurer...
BoE’s Haskel Says Rate Cuts Should Be ‘a Long Way Off’, Ft Reports
Date: March 28, 2024
BoE’s Haskel says rate cuts should be ‘a long way off’, FT reports (Reuters) -Bank of England (BoE) interest-rate setter Jonathan Haskel said that rate cuts should be “a long way off,” the Financial Times reported on Thursday, a week after the policymaker ditched earlier calls for higher rates and voted to hold rates. “Although...
UK Homeowners and Businesses Resilient to High Interest Rates, BoE Says
Date: March 27, 2024
UK homeowners and businesses resilient to high interest rates, BoE says LONDON, March 27 (Reuters) – British mortgage holders and businesses are generally coping well with high interest rates and problem debt levels are well below those seen after the 2008 financial crisis, the Bank of England said on Wednesday. While the overall global environment...