uk-economy
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Top StoriesExplainer-What Is the Outlook for UK Inflation in 2024?
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Top StoriesUK’s FTSE 100 Slips as Luxury, Bank Stocks Weigh
UK Could Beat US and Euro Zone to sub-2% Inflation – Capital
Date: January 12, 2024
UK could beat US and euro zone to sub-2% inflation – Capital LONDON (Reuters) – Britain, which has had the strongest inflation among the world’s big rich economies for much of the past two years, could see its pace of price growth slow to below 2% before the United States and the euro zone, a...
Tesco Raises Profit Outlook Again After Strong Christmas Sales
Date: January 11, 2024
Tesco raises profit outlook again after strong Christmas sales By James Davey LONDON (Reuters) -Tesco, Britain’s biggest retailer, upgraded its profit outlook for the second time in four months as it reported a better-than-expected rise in underlying UK sales for the key Christmas trading period, buoyed by demand for fresh food. Shares in the supermarket...
UK Sees 39% Jump in Households Failing to Pay Energy Bills
Date: January 11, 2024
UK sees 39% jump in households failing to pay energy bills By David Milliken LONDON (Reuters) – The number of British households who failed to pay their energy bills last month was 39% higher than a year ago, figures from the Office for National Statistics showed on Thursday, showing ongoing economic strains despite a recent...
M&s Claims Christmas Crown as Food and Clothing Sales Beat Forecasts
Date: January 11, 2024
M&S claims Christmas crown as food and clothing sales beat forecasts By Paul Sandle LONDON (Reuters) -British retailer Marks & Spencer on Thursday reported a better-than-expected 8.1% rise in sales over the Christmas trading period, driven by market-leading growth in food and a strong performance in womenswear. The company said the strong performance – its...
Festive Bakes and Lattes Deliver Christmas Cheer for UK’s Greggs
Date: January 10, 2024
Festive Bakes and lattes deliver Christmas cheer for UK’s Greggs By Paul Sandle LONDON (Reuters) – Britain’s Greggs said strong demand for its Festive Bakes, Christmas lunch baguettes and salted caramel lattes delivered a better-than-expected 9.4% rise in fourth-quarter like-for-like sales, sending its shares to a five-month high. The food-to-go retailer’s strong Christmas resulted in...
Sainsbury’s Bumper Christmas for Food Offset by Weakness Elsewhere
Date: January 10, 2024
Sainsbury’s bumper Christmas for food offset by weakness elsewhere By James Davey LONDON (Reuters) -Strong demand for luxury foods like dry cured gammon, steamed buns and chocolate desserts helped Sainsbury’s outperform the UK grocery market at Christmas and stick with its annual profit forecast. However, shares in Britain’s second-biggest supermarket group sank 5% on Wednesday,...