uk-economy
Top StoriesFirmer Pound Weighs on FTSE 100 Ahead of Interim Budget; Ashtead Tanks
Top StoriesBoE’s Greene: Investors Have Missed ‘higher for Longer’ Message
Top StoriesUK Lenders Step up Mortgage Price Battle as Inflation Slows
Top StoriesUK’s Hunt Readies Growth Plan After Fall in Inflation
UK Tells Uber Eats, Deliveroo and Just Eat to Tighten Rider Account Controls
Date: November 14, 2023
UK tells Uber Eats, Deliveroo and Just Eat to tighten rider account controls LONDON (Reuters) -Britain’s interior ministry has told food delivery firms Uber Eats, Deliveroo and Just Eat to implement stricter controls to end the practice of unchecked account sharing by their drivers and riders over worries about illegal and underage workers. Food delivery...
UK Wage Growth Cools Slightly but Stays Near Record
Date: November 14, 2023
UK wage growth cools slightly but stays near record By William Schomberg and David Milliken LONDON (Reuters) -Wages in Britain grew slightly less fast in the three months to September after rising at a record pace previously, according to official data that will leave the Bank of England on alert for inflation pressures. Earnings excluding...
Strong Pay Growth in UK Spreads to Public Sector, Survey Shows
Date: November 13, 2023
Strong pay growth in UK spreads to public sector, survey shows LONDON (Reuters) – Strong pay growth in Britain’s private sector will be matched in the public sector in the year ahead, according to a survey which showed no sign of an easing of inflationary heat in the jobs market. The Chartered Institute of Personnel...
Britain’s Global Investment Summit Draws Top Banking Bosses
Date: November 13, 2023
Britain’s Global Investment Summit draws top banking bosses LONDON (Reuters) – JP Morgan’s Jamie Dimon and Goldman Sachs’ David Solomon will attend Britain’s Global Investment Summit on Nov. 27, the government said on Monday, as it seeks to attract greater global capital to UK companies and markets. Blackstone Chief Executive Stephen Schwarzman is also expected...
M&s Upbeat on Christmas in UK While Ahold Flags US Weakness
Date: November 9, 2023
M&S upbeat on Christmas in UK while Ahold flags US weakness By James Davey LONDON (Reuters) -Britain’s Marks & Spencer (M&S) smashed first-half profit forecasts and said Christmas trading had got off to a good start but European-U.S. peer Ahold Delhaize struck a more downbeat tone, trimming its earnings guidance. Shares in M&S, one of...
Sterling Drops, Timing of BoE Rate Cuts in Focus
Date: November 9, 2023
Sterling drops, timing of BoE rate cuts in focus LONDON (Reuters) – The pound weakened against the dollar and euro on Wednesday, as markets continued to digest remarks from the Bank of England’s chief economist that interest rate cuts could come around the middle of 2024. The pound was last down 0.4% against the dollar...