uk-economy
Top StoriesUK New Car Sales Rise About 20% in September, Says Industry Body Smmt
Top StoriesUK PM Sunak Offers Billions for New Links After Scrapping HS2 Northern Leg
Top StoriesUK Business Downturn Eases After Inflation Data, BoE Pause – PMI
Top StoriesBritain’s Sse Sees Weaker Half-Year Profit on Subdued Renewables Output
Britain’s Tesco Upgrades Outlook as Inflation Eases
Date: October 4, 2023
Britain’s Tesco upgrades outlook as inflation eases LONDON (Reuters) -Tesco, Britain’s biggest supermarket, upgraded its annual profit guidance on Wednesday as food inflation eased and shoppers snapped up both its low price offers and its premium “Finest” ranges. British food prices fell in September for the first time in more than two years in month-on-month...
UK’s Greggs Shows Resilience With Quarterly Sales Rise
Date: October 3, 2023
UK’s Greggs shows resilience with quarterly sales rise LONDON (Reuters) -British baker and fast food chain Greggs kept its full-year outlook as underlying sales rose in the third quarter and it won market share, showing the resilience of its value offer in a cost of living crisis now into a second year. Greggs also said...
UK Shop Price Inflation at Lowest in a Year – Brc
Date: October 3, 2023
UK shop price inflation at lowest in a year – BRC LONDON (Reuters) – Prices in British store chains rose at the slowest pace in a year in September, according to industry data that adds to signs that the UK’s high inflation rate is set to extend its recent fall. The British Retail Consortium said...
London Stocks Kick Off Q4 Lower as Rising Yields Bite
Date: October 2, 2023
London stocks kick off Q4 lower as rising yields bite By Johann M Cherian and Bansari Mayur Kamdar (Reuters) -London stocks gave up early gains and closed lower on Monday as rising yields pushed equities down, while defence firm BAE Systems was among the few bright spots on the large-cap index after winning a contract...
UK Business Confidence Slips in September: Lloyds Bank
Date: September 29, 2023
UK business confidence slips in September: Lloyds Bank LONDON (Reuters) – British business confidence declined in September as optimism about the economic outlook faded, a survey showed on Friday, adding to signs of a slowdown in the economy. The Lloyds Bank Business Barometer, which surveys around 1,200 companies across the economy, fell to 36% from...
Bank of England to Leave Rates on Hold Through mid-2024, Cut in Q3: Reuters Poll
Date: September 27, 2023
Bank of England to leave rates on hold through mid-2024, cut in Q3: Reuters poll By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England has concluded its tightening cycle and will likely keep the Bank Rate at 5.25% until at least July, a Reuters poll of economists showed, although a significant minority said it...