uk-economy
FinanceUK Workers See Record Pay Rises, but Inflation Eats Them Up
InvestingFashion Retailer Asos Sinks After Warning on 2024 Sales
Top StoriesUK Factories Struggle in October in Latest Downturn Sign – PMI
InvestingFTSE 100 Muted as Strong Earnings Offset by Losses in Commodity Stocks
UK Clothing Retailer Next Raises Profit Outlook Again
Date: November 1, 2023
UK clothing retailer Next raises profit outlook again By James Davey LONDON (Reuters) – British clothing retailer Next on Wednesday raised its full-year profit outlook for the fourth time in six months as it reported better-than-expected sales in a third quarter heavily impacted by variable weather. The group, which trades from about 460 stores in...
Lack of Homes for Sale Gives UK House Prices a Surprise Boost -Nationwide
Date: November 1, 2023
Lack of homes for sale gives UK house prices a surprise boost -Nationwide By William Schomberg LONDON (Reuters) – British house prices unexpectedly rose by almost 1% in October but the increase was due more to a lack of homes for sale than a turnaround in the market which has been hit by a jump...
High Inflation and Slowdown Signs: The BoE’s Tough Trade-Off
Date: October 30, 2023
High inflation and slowdown signs: the BoE’s tough trade-off By William Schomberg and Sumanta Sen LONDON (Reuters) – The Bank of England is expected to keep interest rates at their 15-year high on Thursday as it battles an inflation rate that is more than three times as high as its target, despite growing signs of...
UK Retailers Suffer Joint-Worst October on Record: Cbi
Date: October 26, 2023
UK retailers suffer joint-worst October on record: CBI LONDON (Reuters) – British retailers reported their joint-worst October for sales volumes on record and they expect another difficult time in November as households struggle with the higher cost of living, a Confederation of British Industry survey showed on Thursday. The CBI’s monthly retail sales balance, a...
UK to Release Experimental Jobless Data Instead of Standard Numbers
Date: October 23, 2023
UK to release experimental jobless data instead of standard numbers LONDON (Reuters) -Britain’s Office for National Statistics (ONS) said it would publish an experimental adjusted estimate of Britain’s unemployment rate on Tuesday, instead of its usual labour market survey which has suffered from a falling response rate. “Tomorrow we will publish a new series using...
UK Online Pharmacy Rightangled Still Selling Diabetes Drug Ozempic Despite Govt Order
Date: October 20, 2023
UK online pharmacy Rightangled still selling diabetes drug Ozempic despite govt order By Maggie Fick LONDON (Reuters) – UK private online pharmacy Rightangled was offering Novo Nordisk’s diabetes drug Ozempic for sale on Friday to people wanting to use the weekly injection to shed pounds, its website shows, even after a government order to stop...