uk-economy
Top StoriesSterling at Weakest vs Euro in Five Months as Retail Sales Weigh
Top StoriesFTSE 100 Climbs on Pharma Boost, UK CPI in Focus
Top StoriesBritain Pulls Rules Aimed at Applying Lessons From Carillion, Bhs, Collapses
Top StoriesUK’s Hunt Says Autumn Budget Shows Caution on Global Shocks, Debt Costs
England and Wales Insolvencies Rise 17% on Year in September
Date: October 13, 2023
England and Wales insolvencies rise 17% on year in September LONDON (Reuters) -The number of companies declared insolvent in England and Wales last month was 17% higher than a year before, but insolvencies over the third quarter look on track to be down slightly from the second quarter’s 14-year high. The Insolvency Service, a government...
Travis Perkins Shares Sink as Weak Housing Market Prompts Profit Warning
Date: October 11, 2023
Travis Perkins shares sink as weak housing market prompts profit warning By Sarah Young LONDON (Reuters) -Travis Perkins, Britain’s biggest supplier of building materials, downgraded its annual profit forecast by as much as 27% on Wednesday, blaming ongoing tough conditions in the new-build housing and renovation markets, hitting its shares. The group said it now...
UK’s FTSE 100 Outperforms Peers as Oil Majors Jump on Middle East Conflict
Date: October 9, 2023
UK’s FTSE 100 outperforms peers as oil majors jump on Middle East conflict By Khushi Singh and Bansari Mayur Kamdar (Reuters) -The commodity-heavy FTSE 100 was subdued on Monday, but outpaced its peers in Europe and the U.S., as oil majors rallied on a rise in crude prices amid fears a widening of the conflict...
Amazon UK to Spend 170 Million Stg on Staff Pay Rises
Date: October 9, 2023
Amazon UK to spend 170 million stg on staff pay rises LONDON (Reuters) -Amazon UK will spend 170 million pounds ($207 million) on two pay rises for its frontline operations staff over the next six months in a move which could catch the attention of the Bank of England which is keeping a close eye...
UK’s J D Wetherspoon Posts Higher Sales on Resilient Demand
Date: October 6, 2023
UK’s J D Wetherspoon posts higher sales on resilient demand (Reuters) -British pub group J D Wetherspoon said on Friday sales in the first nine weeks of its financial year rose nearly 10% on strong demand for its lower-than-average priced drinks and food amid a cost-of-living crisis. Resilient customer spending has helped the UK hospitality...
Pound Dips After Weak UK Construction Data, BoE Survey
Date: October 5, 2023
Pound dips after weak UK construction data, BoE survey By Samuel Indyk LONDON (Reuters) – The British pound dipped against the U.S. dollar and the euro on Thursday after data showed the biggest slump in UK construction activity since 2020, while a Bank of England survey showed British firms see prices rising more slowly. The...