LONDON (Reuters) – British house prices in October were 10.2% higher than a year earlier, official figures showed on Wednesday, down from an annual increase of 12.3% recorded for September, the last month when a property purchase tax incentive was in place. London was the region with the lowest annual growth in October at 6.2%, …
UK house price growth slows to 10.2% in Oct – ONS Read More »
LONDON (Reuters) – The British pound climbed to more than one-week highs on Wednesday after data showed UK inflation data zipped to a decade high, hardening expectations of a rate hike as early as February. While markets on Wednesday were assigning more than a 60% probability of a 15 bps interest rate increase, up from …
Sterling climbs to more than 1-week highs after price data Read More »
By James Davey LONDON (Reuters) -British electricals retailer Currys on Wednesday reported a 20% rise in first-half profit but cautioned that its market softened over the Black Friday period and in the run-up to Christmas, sending its shares sharply lower. The stock was down 10.2% at 0906 GMT after the group said the immediate outlook …
UK retailer Currys warns of softer market in recent weeks Read More »
(Reuters) – Britain will expand a discount programme for electric vehicle purchases to include around 20 cheaper models in an effort to encourage more people to switch to less polluting cars, the government said on Wednesday. Buyers are currently eligible for discounts of up to 2,500 pounds ($3,317) on the price of new low-carbon emission …
Britain expands discount scheme for electric vehicles Read More »
(Reuters) -British gambling firm 888 Holdings Plc said on Wednesday it would sell its Bingo business to a unit of UK-based Broadway Gaming Group for $50 million, as it focuses on its core offerings and the U.S. market. The online betting company, which undertook a strategic review of Bingo, said the sale encompasses all of …
Gambling firm 888 to sell Bingo to focus on core business, U.S. ops Read More »
STOCKHOLM (Reuters) -H&M, the world’s second-biggest fashion retailer, said on Wednesday its sales measured in local currencies in the September to November period matched levels achieved before the pandemic drove down demand. Net sales were up 8% year on year at 56.8 billion crowns ($6.22 billion) in the period, H&M’s fiscal fourth quarter, matching the …
H&M’s sales in local currencies back at pre-pandemic level Read More »
(Reuters) – Britain’s Emissions Trading System (ETS) Authority has decided not to intervene in the country’s carbon market, even though prices were high enough to trigger a so-called cost containment mechanism in December, it said on Tuesday. Under Britain’s ETS the authority can intervene in the market if average prices remain above a certain level for …
Britain decides not to intervene in carbon market to curb high prices Read More »
By Patturaja Murugaboopathy and Simon Jessop LONDON (Reuters) – The number of companies sharing climate data with CDP, the world’s leading disclosure platform, jumped by nearly 40% over the last year as investors and policymakers pressured boards, data seen by Reuters showed. Most of the world’s asset managers focus on climate change disclosures in their …
Company climate disclosures jump in 2021 as board pressure builds Read More »
By Tommy Wilkes and Saikat Chatterjee LONDON (Reuters) – As the Bank of England’s policy decision was announced on Nov. 4, gasps were heard on some London trading floors. Confident that Governor Andrew Bailey and Chief Economist Huw Pill had signalled interest rates would rise to fight inflation, many banks, hedge funds and other traders …
How BoE’s Bailey upset traders and set UK bond markets adrift Read More »
LONDON (Reuters) – A record two thirds of British households expect the Bank of England to raise interest rates within the next six months, but the proportion expecting a rise in the very short term has fallen due to the Omicron variant, a survey showed on Wednesday. “Although dented slightly due to pandemic-related concerns, households’ …
Two thirds of Britons expect BoE rate rise by June 2022 – IHS Markit Read More »
