uk-economy
Top StoriesSterling Close to 3-month High Versus Euro as Markets Bet on ECB Rate Cuts
Top StoriesUK Retailers See Weak Sales Growth in November Despite Black Friday Deals
Top StoriesUK’s FTSE 100 Falls on Energy, Miners Drag
Top StoriesUK’s FTSE 100 Lags Regional Peers as Banks, Insurers Fall
OECD Says UK Needs Tougher Fiscal Policy Amid Tax Cut Talk
Date: November 29, 2023
OECD says UK needs tougher fiscal policy amid tax cut talk By Suban Abdulla LONDON (Reuters) – Britain’s government should tighten its budgetary belt, the OECD said on Wednesday, advice that is unlikely to be welcomed by Prime Minister Rishi Sunak who is expected to cut taxes again before a 2024 election. A week after...
UK’s FTSE 100 Dips on Miners, Energy Drag
Date: November 27, 2023
UK’s FTSE 100 dips on miners, energy drag By Shashwat Chauhan (Reuters) -UK’s FTSE 100 slipped on Monday, as losses in heavyweight energy and mining stocks chipped away on the commodities-heavy index, while cautious investors braced for a barrage of economic data throughout this week. The blue-chip FTSE 100 fell 0.1%, but the more domestically-focussed...
BoE’s Bailey Says Getting Inflation to 2% Will Be ‘hard Work’
Date: November 27, 2023
BoE’s Bailey says getting inflation to 2% will be ‘hard work’ LONDON (Reuters) -Bank of England Governor Andrew Bailey said getting inflation down to the central bank’s 2% target will be “hard work” as most of its recent fall was due to the unwinding of the jump in energy costs last year. “The rest of...
Factbox-UK’s Hunt Sets Out Plans to Boost Economic Growth
Date: November 22, 2023
Factbox-UK’s Hunt sets out plans to boost economic growth LONDON (Reuters) – British finance minister Jeremy Hunt announced on Wednesday cuts to personal taxation and efforts to boost business investment in a bid to speed up the country’s sluggish economy ahead of an election expected next year. Below are the key announcements: GROWTH FORECASTS The...
FTSE 100 Snaps Two-Day Losing Streak on Sage Results
Date: November 22, 2023
FTSE 100 snaps two-day losing streak on Sage results By Khushi Singh (Reuters) -The UK’s FTSE 100 rose on Wednesday, as higher prices of gold spurred an uptick in precious metal miners, while Sage led gains in the benchmark index after the software firm’s profit jump. The large-cap FTSE 100 was up 0.2% at 0907...
Diy Retailer Kingfisher Cuts Profit Outlook Again on Weak French Market
Date: November 22, 2023
DIY retailer Kingfisher cuts profit outlook again on weak French market By James Davey LONDON (Reuters) -European home improvement retailer Kingfisher on Wednesday downgraded its full-year profit outlook for the second time in three months, blaming a weaker-than-expected market in France. Shares in the group, which owns B&Q and Screwfix in Britain and Castorama and...