uk-economy
Top StoriesSterling Drops After UK Economy Contracts by More Than Expected
Top StoriesFTSE 100 Rises on Peak Rate Bets; Smurfit Kappa Slumps on WestRock Deal
Top StoriesUK Jobless Rate Rises but Wage Growth Points to Another Rate Hike
Top StoriesBoE’s Mann Says Better to Err Towards Over-Tightening Rates
Bmw to Invest $750 Million in UK Plants to Take Mini Fully Electric
Date: September 11, 2023
BMW to invest $750 million in UK plants to take Mini fully electric By Nick Carey LONDON (Reuters) -BMW said on Monday it will invest 600 million pounds ($750 million) in its UK plants to take its Mini brand all-electric by 2030, giving a fresh boost to Britain’s car industry after years of Brexit-related uncertainty....
All of UK Retailer Wilko’s Stores to Shut, Risking 12,500 Jobs
Date: September 11, 2023
All of UK retailer Wilko’s stores to shut, risking 12,500 jobs LONDON (Reuters) -Failed retailer Wilko will disappear from British high streets next month, as its entire chain of 400 homeware stores close, with the likely loss of all 12,500 jobs, a trade union said on Monday. The GMB union said, citing Wilko’s administrators, that...
England Confirms 34 Covid Cases Linked to Highly Mutated Variant – Uksha
Date: September 8, 2023
England confirms 34 COVID cases linked to highly mutated variant – UKSHA (Reuters) – UK Health Security Agency (UKSHA) said on Friday that 34 COVID-19 cases linked to the highly mutated variant BA.2.86 had been identified in England. The Omicron offshoot carries more than 35 mutations in key portions of the virus compared...
Bank of England Is ‘much Nearer’ to Peak Interest Rates, Bailey Says
Date: September 6, 2023
Bank of England is ‘much nearer’ to peak interest rates, Bailey says By David Milliken and William Schomberg LONDON (Reuters) -The Bank of England is “much nearer” to ending its run of interest rates increases but borrowing costs might still have further to rise because of stubborn inflation pressures, Governor Andrew Bailey said on Wednesday....
London Stocks Extend Losses on Global Economic Gloom, Wh Smith Slides
Date: September 6, 2023
London stocks extend losses on global economic gloom, WH Smith slides By Khushi Singh and Siddarth S (Reuters) – Britain’s FTSE 100 edged lower on Wednesday as recent economic data from U.S. and Europe continued to dampen global sentiment, while WH Smith led midcaps lower as the retailer fell short of a recently raised profit...
UK Stocks Fall After Data Signals Waning Consumer Demand; Ashtead Slides
Date: September 5, 2023
UK stocks fall after data signals waning consumer demand; Ashtead slides By Khushi Singh (Reuters) -The UK’s FTSE 100 edged lower on Tuesday, after a barrage of data prompted worries about waning consumer demand in the economy, while equipment discount retailer B&M’s shares fell on acquisition of assets from Wilko. Both the blue-chip FTSE 100...