Tag: UK

U.K. retail sales volumes fell by 3.2% in December, after a poll by Reuters suggested an expected drop of just 0.5%.

Economists polled by Reuters had expected a modest decline in the annual headline consumer price index to 3.8%, after November’s sharper-than-expected fall to 3.9%.

Britain’s economy grew slightly more strongly than expected in November but remains at risk of slipping into a mild recession, a potential blow for Prime Minister Rishi Sunak before an election expected in 2024.

British retail sales rose far more than expected in November and at their fastest monthly pace since the start of 2023, suggesting the sector “turned a corner” with help from Black Friday discounts ahead of the key Christmas period.

The U.K. is edging closer to a technical recession, after revised figures showed the economy shrank in the previous quarter.

Economists polled by Reuters had expected a decline in the headline consumer price index to 4.4%, after the 4.6% annual reading of October surprised to the downside by dropping to a two-year low.

LONDON, Nov 28 (Reuters) – British shoppers spent 3.45 billion pounds ($4.35 billion) online between Nov. 24-27, according to data from Adobe Analytics on Tuesday, up 5.6% year-on-year.

U.K. inflation fell sharply in October to 4.6% from 6.7% the previous month, hitting a two-year low.

Gross domestic product showed no growth in the the three quarters to the end of September, following an increase of 0.2% the previous quarter.

LONDON, Nov 7 (Reuters) – British consumer spending grew at the slowest pace in more than a year last month, reflecting concerns about the cost of living in the run-up to Christmas, according to a survey released on Tuesday.

U.K. inflation came in at 6.7% in September, slightly ahead of expectations and unchanged from the previous month.

LONDON, Oct 17 (Reuters) – British grocery sales on a volume basis, or the number of items sold, showed an improving trend heading into October, suggesting shoppers are starting to reset their spending and take advantage of supermarket price cuts, industry data showed on Tuesday.

 Drugmakers Dechra and Hikma along with retailer Marks & Spencer  and technical products provider Diploma are set to join the UK’s blue-chip FTSE 100 index in September, indicative changes announced by FTSE Russell show.

U.K. headline inflation cooled sharply in July to an annual 6.8%, but the core consumer price index remained unchanged, posing a potential headache for the Bank of England.

British house prices fell in July for a fourth month and the slide looks set to extend into 2024, but the market showed some signs of resilience despite a rise in borrowing costs, mortgage lender Halifax said on Monday.

LONDON, July 21 (Reuters) – British retail sales grew faster than expected in June despite continued high inflation, thanks to unusually hot weather and a rebound in food sales after King Charles’ coronation disrupted spending in May, official figures showed on Friday.