Wed, Nov 15, 2023
British power generator and network operator SSE Plc reported half-yearly earnings above its forecast, taking the shares up by 2.2 per cent.
The Bank of England's forecasts and the consensus from a Reuters poll of economists had pointed to a reading of 4.8 per cent.
Thu, Nov 02, 2023
Despite publishing forecasts which show the British economy skirting close to a recession and flat-lining in the coming years, the BoE held Bank Rate at 5.25% for the second meeting in a row after 14 back-to-back increases.
Wed, Feb 15, 2017
The latest ONS data showed on Tuesday that annual level of inflation as measured by the Consumer Prices Index (CPI) hit 1.8% last month, compared to 1.6% in December, making the first month of this year the fourth consecutive month that the CPI rate has risen.
Wed, Jan 18, 2017
The number of people in work in Britain fell for a second time in a row in the three months to November, official data showed on Wednesday, a latest suggestion that the Brexit vote may be making employers nervous about hiring.
Sat, Dec 10, 2016
The Fitch ratings agency on Friday affirmed the AA long-term debt rating and negative outlook for the United Kingdom (UK) and the Bank of England (BoE), when they have been since June.
Tue, Dec 06, 2016
Bank of England (BoE) governor Mark Carney on Monday warned the public was losing faith in the current economic system, urging economists to acknowledge those who have lost out from globalisation.
Mon, Nov 28, 2016
The Brexit vote has shaken the city of London but will not destroy it despite creating uncertainty, the newly-installed Lord Mayor of the financial hub told AFP.
Sun, Oct 30, 2016
Bank of England (BoE) Governor Mark Carney is unlikely to take up the option of a three-year extension to his term at the central bank, and may announce his decision as soon as on Thursday, British newspapers reported at the weekend.
Thu, Oct 06, 2016
Gold edged higher on early Thursday as bargain hunters stepped in to buy after the metal hit fresh three-month lows in the previous session, ahead of Friday's non-farm payrolls report.
Thu, Sep 15, 2016
Asian stocks wavered on Thursday as investors grappled with the seemingly diminishing ability of major central banks to stimulate growth, while a tumble in crude oil inflamed already heightened risk aversion.
Sun, Sep 04, 2016
Theresa May predicted that the vote would damage the economy and said the government would continue to monitor economic data in the coming months before setting out its fiscal response to protect the economy later this year.
Wed, Aug 10, 2016
An index of global stocks climbed to its highest level in nearly a year on Tuesday, led by European shares, while the British pound weakened on the prospect of easing monetary policy in the country.
Thu, Aug 04, 2016
"Following the United Kingdom`s vote to leave the European Union, the exchange rate has fallen and the outlook for growth in the short to medium term has weakened markedly," the central bank said in its quarterly Inflation Report.
Thu, Jul 14, 2016
Asian shares were seen near an eight-month high on Thursday on the back of strong investor hopes over Bank of England rate cuts in a move to prevent recession.
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