uk-economy
Top StoriesUK Consumers Defy High Inflation and Shop More in June
Top StoriesUK’s Labour Celebrate “fantastic Victory”, but More Work Still Needed – Deputy Leader
Top StoriesBritish Retail Sales Beat Expectations in June
Top StoriesMr Kipling Maker Premier Foods Expects Profit at Top End of Market View
Dollar Gains as Pound Tumbles on Cooling UK Inflation
Date: July 20, 2023
Dollar gains as pound tumbles on cooling UK inflation By Karen Brettell NEW YORK (Reuters) – The U.S. dollar bounced on Wednesday after inflation in the United Kingdom cooled more than economists expected in June, sending the pound sharply lower against other major currencies. Britain’s rate of inflation was its slowest in over a year...
European Shares Gain on Boost From Kering; UK Stocks Shine
Date: July 19, 2023
European shares gain on boost from Kering; UK stocks shine By Amruta Khandekar (Reuters) -European shares rose on Wednesday on a boost from shares of Kering after top management changes at the luxury group, while London stocks firmed following data which showed a faster-than-expected slowdown in British inflation. The pan-European STOXX 600 index was up...
Inflation Surprise Sets UK Homebuilders for Biggest Rally Since 2008
Date: July 19, 2023
Inflation surprise sets UK homebuilders for biggest rally since 2008 MILAN (Reuters) – Shares in UK property-related stocks rallied on Wednesday as investors cheered data that showed UK inflation slowed faster than expected in June, which sent an index of homebuilder shares up by the most since late 2008. By 0718 GMT, the FTSE 350...
Bank of England Says Britain Is Coping With Higher Interest Rates
Date: July 12, 2023
Bank of England says Britain is coping with higher interest rates By David Milliken, Huw Jones and William Schomberg LONDON (Reuters) -Britain’s economy is so far proving resilient to a surge in interest rates over the past year and a half, but it will take time for the full impact to feed through, the Bank...
Heathrow Passenger Numbers Near Pre-Pandemic Levels in June
Date: July 11, 2023
Heathrow passenger numbers near pre-pandemic levels in June LONDON (Reuters) – Heathrow Airport, Britain’s busiest, said 7 million passengers traveled through it last month, putting it just below levels recorded before the pandemic, with transatlantic routes driving demand. The monthly figure compares with the pre-pandemic level of 7.2 million passengers in June 2019. (Reporting...
Food Prices Squeeze Consumers in June, Hot Weather Boosts Summer Spending: Brc
Date: July 11, 2023
Food prices squeeze consumers in June, hot weather boosts summer spending: BRC By Suban Abdulla LONDON (Reuters) – Unusually hot weather boosted sales of sun screen and barbecue food in Britain last month, a British Retail Consortium survey showed on Tuesday, but consumers spent less on big-ticket items as high food prices continued to squeeze...