Reuters UK Domestic

By Andy Bruce (Reuters) – Britain will revive active job market policies that hark back to past Labour governments to help boost employment and reduce inactivity, a sore spot for the economy, new employment minister Alison McGovern said on Wednesday. McGovern, who took office in July following the landslide election win of Prime Minister Keir …

British government will revive active job support plans, minister says Read More »

LONDON (Reuters) – Britain has secured improved terms for 2,500 steel workers set to lose their jobs, the government said on Wednesday, as it recommitted to a 500 million pound ($654 million) investment to help Tata Steel decarbonise its site in Wales. The Labour government, elected in July, tweaked the previous Conservative government’s deal, saying …

UK gets better redundancy terms for 2,500 workers as recommits to Tata Steel deal Read More »

By Linda Pasquini LONDON (Reuters) – Sterling gained slightly versus the dollar on Wednesday, recovering from a dip earlier in the session, but slid against the euro after data showed Britain’s economy stagnated unexpectedly in July, as manufacturing output fell. British economic output showed no change in month-on-month terms in July, as it did in …

Sterling edges up against the dollar after UK data Read More »

(Reuters) – WH Smith reported a higher annual revenue on Wednesday as robust travel demand propelled sales of its products ranging from sandwiches to books, sending the British retailer’s shares up 11%. WH Smith, an over 230-year-old brand, said trading in the new financial year so far was in line with expectations. CONTEXT Strong passenger …

UK retailer WH Smith posts 7% annual revenue growth fuelled by travel demand Read More »

By Suban Abdulla and Andy Bruce LONDON (Reuters) -Britain’s economy stagnated for a second month running in July as manufacturing output dropped sharply, an inauspicious start for the new government of Prime Minister Keir Starmer who wants to accelerate the pace of growth. Economic output showed no change in month-on-month terms in July, as it …

UK economy stagnates unexpectedly in growth challenge for new government Read More »

(Reuters) -British homeware retailer Dunelm reported annual profit above market expectations on Wednesday and said it had made a solid start to the new fiscal year, helped by strong demand for its furnishings items like bedding and garden furniture. WHY IT’S IMPORTANT The consumer environment remains challenging and there is uncertainty over the timing of …

British retailer Dunelm’s profit beats market views on strong demand Read More »

GDANSK (Reuters) – A company controlled by private equity firm Advent International has placed an about 4% stake in parcel locker firm InPost for 340 million euros ($375.56 million) to institutional investors, a bookrunner said on Wednesday. Advent’s company AI Prime & Cy S.C.A. offered 20 million InPost shares via an accelerated placement at 17 …

Advent International company sells 4% stake in InPost for $376 million Read More »