Stories tagged “Uk Economy.”
13 stories
UK graduate job vacancies have hit a 10-year low, with just 8,383 roles advertised in July, a 45% drop from last year. This comes as a record number of students prepare for university.
Oil prices, specifically Brent crude, have risen above $91 a barrel following the end of a US-Iran ceasefire, while the UK sees grocery inflation slow to a two-year low of 2.1%. The UK jobs market shows mixed signals, with slowing wage growth in the private sector but per…
Job vacancies in the UK have fallen to their lowest level in over five years, reaching 707,000, primarily due to smaller businesses cutting back on hiring amidst rising labour and operating costs.
Viral Welsh vodka firm Au Vodka is reportedly nearing a £500m sale to Southern Comfort and BuzzBallz owner Sazerac. The deal would earn Swansea-based founders Charlie Morgan and Jackson Quinn over £100m each.
A new assessment suggests UK productivity has seen a "meaningful pickup" since mid-2024, challenging previous gloomy official figures and raising questions about data reliability.
The UK economy expanded by 0.4% between April and June, driven by the services sector, manufacturing, and a boost from good weather and sporting events like the men's football World Cup.
UK house prices remained largely unchanged in July, with a minimal 0.1% annual increase, according to Lloyds. Higher mortgage rates and economic uncertainty are impacting buyer affordability.
EasyJet has agreed to a £5.7bn takeover by US firm Apollo after a rival bidder dropped out. The airline's shareholders will receive £7.15 per share.
Marks & Spencer is now selling Ann Summers crotchless knickers online, sparking outrage but also being seen as a strategic move to attract younger demographics and expand its brand offerings.
UK petrol prices have reached a new high of 160p a litre, driven by renewed US-Iran tensions and disruptions in the Strait of Hormuz, significantly increasing costs for households.
The FTSE 100 is set for its best monthly performance since February, defying geopolitical turmoil and rising UK petrol prices, while other major global markets also show mixed movements.
The rising cost of insuring against climate-related disasters will have significant knock-on effects for the UK economy. TheCityUK report highlights the challenges of pricing climate risk, which could lead to protection gaps and increased costs for investment.
Sterling today: Pound steadies near two-month low as political risks mount
The pound has steadied near a two-month low as political risks mount, despite a stronger-than-expected UK retail sales report. Sterling erased earlier losses to trade just above $1.32 on Friday.