Economic news and events


UK recession warning from CBI as economic growth outlook downgraded

A leading business group has downgraded its outlook for economic growth amid calls for UK government action to avoid a recession.

The CBI said that...

Mon, 13/06/2022 - 05:47


Covid-19 infections in UK show early signs of increase

Covid-19 infections in the UK are no longer falling, with some parts of the country showing early signs of a possible increase, figures showed.

The...

Fri, 10/06/2022 - 13:12


TOP NEWS SUMMARY: BoE says UK's big banks no longer ‘too big to fail’

The following is a summary of top news stories Friday.

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COMPANIES

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The Bank of England said the UK's high street banks are no...

Fri, 10/06/2022 - 10:38


TOP NEWS: UK's big lenders no longer too big to fail - Bank of England

The Bank of England on Friday said the UK's high street banks are no longer ‘too big to fail’ after it completed its assessment of...

Fri, 10/06/2022 - 08:52


LONDON BRIEFING: ProCook faces heat from cooling discretionary spend

Kitchenware retailer ProCook Group on Friday said trading has been hurt by increasingly challenging market conditions, with customers affected by ‘exceptional pressures’ on discretionary spending....

Fri, 10/06/2022 - 08:14


UK Chancellor accused of squandering £11 billion in debt payments

UK Chancellor Rishi Sunak has been accused of wasting £11 billion of taxpayers' money by paying too much in interest servicing the government's debt.

The...

Fri, 10/06/2022 - 06:22


UK PM warns of ‘wage-price spiral’ if pay packets rise with inflation

UK Prime Minister Boris Johnson warned of a 1970s-style ‘wage-price spiral’ if pay packets increase in line with soaring prices as he set out an...

Thu, 09/06/2022 - 21:58


TOP NEWS SUMMARY: China exports rebound but new lockdown is imposed

The following is a summary of top news stories Thursday.

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COMPANIES

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British American Tobacco maintained its annual revenue guidance but still expects global...

Thu, 09/06/2022 - 10:40


LONDON BRIEFING: BAT says global tobacco industry to shrink 3% in 2022

British American Tobacco on Thursday said its transformation continues at pace, with strong revenue and volume growth in all three New Categories driving share gains...

Thu, 09/06/2022 - 08:27


UK economic growth set to ‘grind to a halt,’ business group says

Economic growth in the UK is expected to ‘grind to a halt’ this year before falling briefly into negative territory, a business group is warning....

Thu, 09/06/2022 - 06:08


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