By James Davey LONDON (Reuters) -British grocery inflation eased for a fourth month in a row in July, seeing its steepest decline since it peaked in March this year, industry data showed on Tuesday, providing a bit of relief for cash-strapped consumers suffering from high prices. Market researcher Kantar said annual grocery inflation was 14.9% …
UK grocery inflation continues downward trajectory -Kantar Read More »
By James Davey LONDON (Reuters) -Ocado, the British online supermarket and technology group, returned to underlying profit in its first half and stuck to its annual guidance, helped by demand for its retail services and robotics, sending its shares soaring on Tuesday. The group swung to a profit for the six months to the end …
Ocado jumps after return to first-half underlying profit Read More »
([4:03 AM] Malani, Divya (Reuters)(This July 17 story has been corrected to show that 55% would vote to remain in the EU in a re-run of the referendum and not rejoin now in paragraph 3)) LONDON (Reuters) – The proportion of Britons who say Brexit was a mistake hit a new record high this month, …
More Brits than ever say Brexit was wrong choice: YouGov survey Read More »
(Reuters) -British insurer Just Group said on Tuesday it had been boosted by bumper sales of retirement income products so far this year as rising interest rates help drive demand from retail investors. Just Group said in a trading update that its new business sales had more than doubled to 1.9 billion pounds ($2.5 billion) …
Bumper year for annuities boosts UK insurer Just Group Read More »
(Reuters) -British cyber-security company Darktrace said on Tuesday a review by auditing firm EY showed “a number of areas” where its systems, processes or controls could be improved, but added that it would not impact its previous financial statements. Shares in the company, which listed in London in 2021, surged 23% by 0733 GMT after …
Darktrace shares rise as EY accounting review ‘clears the decks’ Read More »
By Kylie MacLellan LONDON (Reuters) -The British government said on Monday it had introduced new sanctions, including against Russian Education Minister Sergey Kravtsov, related to what it describes as Moscow’s forced deportation of Ukrainian children. Britain imposed 14 new sanctions designations in response to “Russia’s attempts to destroy Ukrainian national identity”, 11 of which it …
UK sanctions more Russians involved in relocating Ukrainian children Read More »
LONDON (Reuters) – Britain has added a number of construction roles to its “shortage occupation list”, allowing the building industry to bring in staff from abroad more easily to help employers struggling to fill positions. Bricklayers, masons, roofers, roof tilers, slaters, carpenters, joiners and plasterers will benefit from cheaper visas and more relaxed employment criteria …
UK relaxes visa rules to attract foreign construction workers Read More »
By Samuel Indyk LONDON (Reuters) – The British pound hovered around $1.31 against the dollar on Monday ahead of a pivotal inflation report, while speculators raised their bullish positions on the currency to the highest since 2014, data showed on Friday. The pound has surged in June and July – last week hitting its highest …
Sterling steady near $1.31 with inflation data in focus Read More »
(Reuters) -British retailer DFS Furniture expects profits to grow over the coming 12 months as it cuts costs to bolster margins against a “significantly worse than expected” market, it said on Monday. Shares in the company slipped 3% after it forecast in a trading update that pretax profit was likely to be “just over” 30 …
UK sofa retailer DFS eyes cost control to lift profits over next 12 months Read More »
LONDON (Reuters) – Britain’s hospital building programme is progressing too slowly and is too expensive, an independent public spending watchdog said on Monday, adding to Prime Minister Rishi Sunak’s headaches as he prepares for an election expected next year. The National Audit Office (NAO) said only 32 of 40 hospitals promised by former PM Boris …
Britain lagging in delivery of new hospitals, watchdog says Read More »
