uk-economy
Top StoriesUK’s Halfords Expects Pricing Efforts to Drive Profits
Top StoriesUK Fines Wh Smith, M&s and Others for Not Paying Minimum Wage
Top StoriesRoyal Mail’s Largest Union to Resume Vote on Deal With Postal Company on June 22
Top StoriesBritish Supermarket Morrisons Cuts Prices of Nearly 50 Products
Travis Perkins Warns on Profit in Sign of UK Housing Market Difficulty
Date: June 16, 2023
Travis Perkins warns on profit in sign of UK housing market difficulty LONDON (Reuters) -Travis Perkins, Britain’s biggest supplier of building materials, warned profit would be hit by difficulties in the country’s housing market in one of the latest warning signs that rising interest rates are beginning to be felt by consumers. Travis said that...
Britain’s National Grid Expects to Meet Electricity Demand This Winter
Date: June 15, 2023
LONDON (Reuters) -Britain’s National Grid expects to have enough capacity to meet demand for electricity this winter and will keep exploring additional options amid continued supply risks following Russia’s invasion of Ukraine, it said on Thursday. Despite disruption to gas flows from Russia because of the war in Ukraine, Europe and Britain have ended the...
UK’s FTSE 100 Dips on Scope of Tighter Monetary Policy; Informa Jumps
Date: June 15, 2023
UK’s FTSE 100 dips on scope of tighter monetary policy; Informa jumps By Ankika Biswas (Reuters) -UK’s benchmark FTSE 100 dipped on Thursday, dragged down by miners’ stocks amid prospects of global monetary policy tightening lasting for longer, while events organiser Informa jumped on a strong earnings outlook. The resource-heavy FTSE 100 fell 0.1% at...
Analysis-Spasms in UK Mortgage Market Spell Pain for Homeowners, Economy
Date: June 15, 2023
Analysis-Spasms in UK mortgage market spell pain for homeowners, economy By Andy Bruce and Sinead Cruise LONDON (Reuters) – Bedlam in Britain’s 1.5 trillion-pound ($1.9 trillion) mortgage market, fueled by ructions in money markets, threatens to trigger a renewed slump in housing activity and financial pain for homeowners on a par with the late 1980s....
Britain’s Covid Inquiry Launches With Pledge to Put Bereaved at Its Heart
Date: June 13, 2023
Britain’s COVID inquiry launches with pledge to put bereaved at its heart LONDON (Reuters) – The chair of Britain’s COVID-19 inquiry pledged to put the bereaved and those who suffered at the heart of her work as she began main hearings on Tuesday into how the coronavirus pandemic was handled. Former prime minister Boris Johnson...
UK Supermarket Asda Freezes Prices of 500 Products
Date: June 13, 2023
LONDON (Reuters) -Asda, Britain’s third largest supermarket group, has frozen the prices of over 500 products until the end of August, it said on Tuesday, adding to signs that a surge in food inflation is set to abate and even reverse in the coming months. The retailer, which trails market leader Tesco and No. 2...