uk-economy
Top StoriesUK Employers Plan 5% Pay Rises, Many Resort to Counteroffers: Cipd
Top StoriesMiners Drag London Stocks Lower; Unite Group Slips
Top StoriesUK’s July New Car Sales up More Than 25%- Smmt
Top StoriesTaylor Wimpey Expects Full-Year Profits to Halve Amid Housing Gloom
UK Lender Virgin Money Sticks to Annual Outlook Despite Mortgage Pressures
Date: August 2, 2023
UK lender Virgin Money sticks to annual outlook despite mortgage pressures (Reuters) -British challenger bank Virgin Money UK on Wednesday maintained its full-year outlook and reported stable net interest margin (NIM) in the third quarter despite pressure from its mortgages business. Virgin Money has been restructuring itself as it grapples with a drop in footfall...
UK Baker Greggs Confident on 2023 After First-Half Growth
Date: August 1, 2023
UK baker Greggs confident on 2023 after first-half growth LONDON (Reuters) – British bakery and fast food chain Greggs stuck to forecasts for higher full-year profit after posting a 14% rise in the first-half, as its value food offering of breakfast deals, vegan bakes and more continues to grow in popularity. For the 26 weeks...
Britain Commits to Hundreds of North Sea Oil and Gas Licences
Date: July 31, 2023
Britain commits to hundreds of North Sea oil and gas licences By Sachin Ravikumar and Susanna Twidale LONDON (Reuters) -Britain on Monday committed to granting hundreds of licences for North Sea oil and gas extraction as part of efforts to become more energy independent, drawing criticism from environmental campaigners. Prime Minister Rishi Sunak confirmed plans...
Banks to Fuel Boom in UK Plc Regular Dividend Payouts
Date: July 27, 2023
Banks to fuel boom in UK Plc regular dividend payouts MILAN (Reuters) – A recovery in bank payouts is set to lift UK regular dividends by 6.1% to 88.9 billion pounds ($114.8 billion) in 2023 and make HSBC the biggest payer for the first time since 2008. The estimate from financial services company Computershare is...
UK’s Virgin Media O2 to Lay Off up to 2,000 Employees by Year End
Date: July 25, 2023
UK’s Virgin Media O2 to lay off up to 2,000 employees by year end (Reuters) – British mobile operator Virgin Media O2 said on Monday it was planning to lay off up to 2,000 employees by the end of this year. Redundancy notices were issued to some staff on Monday night, the Telegraph reported. The...
UK Firms Grow at Slowest in 6 Months as Rate Hikes Weigh: PMI
Date: July 24, 2023
UK firms grow at slowest in 6 months as rate hikes weigh: PMI (Reuters) – Britain’s private sector is growing at its weakest pace in six months in July as orders for businesses stagnate in the face of rising interest rates and still-high inflation, a survey showed on Monday. The S&P Global/CIPS composite Purchasing Managers’...