Economic news and events

LONDON BRIEFING: Retailers suffer as UK earnings lag inflation

Furniture seller Made.com on Tuesday lowered guidance as UK consumers rein in spending and warned that it may need to raise additional financing.

The warning...

Tue, 19/07/2022 - 08:39

TOP NEWS: UK unemployment rate unchanged at 3.8% in May - ONS

The UK unemployment rate remained unchanged in the three months to May, in line with market expectations, figures on Tuesday showed.

The jobless rate...

Tue, 19/07/2022 - 07:19

Sunak widens lead in race to become UK PM after party vote

Former finance minister Rishi Sunak widened his lead in the latest round of voting Monday by Conservative MPs to decide Britain's next prime minister, but...

Tue, 19/07/2022 - 05:05

New UK finance minister to promise to control inflation

New UK Finance Minister Nadhim Zahawi on Tuesday will outline his plans to control inflation and ‘seize the opportunities of Brexit’, despite fears London is...

Tue, 19/07/2022 - 05:04

UPDATE: Sunak remains frontrunner as fight for second place heats up

Rishi Sunak's place in the final two of the Tory leadership race looked increasingly secure on Monday, with Penny Mordaunt still clinging on to second...

Mon, 18/07/2022 - 22:07

TOP NEW: Sunak, Mordaunt still ahead in contest to become Tory leader

Rishi Sunak remains the frontrunner after the third round of the Tory leadership contest, with Penny Mordaunt still in second place amid an increasingly bitter...

Mon, 18/07/2022 - 20:29

UK interest rates could hit 2% or higher in next year - BoE's Saunders

UK interest rates may have to rise to 2% or higher in the next year to rein in rocketing inflation and it is better to...

Mon, 18/07/2022 - 11:32

TOP NEWS SUMMARY: GSK spinoff Haleon starts life as public company

The following is a summary of top news stories Monday.

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COMPANIES

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Haleon, the consumer healthcare product arm of GSK, started trading on Monday,...

Mon, 18/07/2022 - 11:19

LONDON BRIEFING: Direct Line adds to warnings from UK motor insurers

Direct Line Insurance on Monday cautioned on ‘heightened volatility across the UK motor insurance market’, adding another warning from London-listed insurers.

‘We have seen claims...

Mon, 18/07/2022 - 08:10

Cutting UK taxes ‘would be mistake’ IMF warns Tory leadership hopefuls

The International Monetary Fund's UK head has warned Conservative Party rivals against promising tax cuts as part of their leadership bids.

Amid soaring inflation, Mark...

Mon, 18/07/2022 - 06:52

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