Trifast, a prominent U.K. industrial fastenings manufacturer and distributor, has recently announced a revision to its full fiscal-year guidance. Due to weaker-than-expected demand within its end markets, the company anticipates…
Virgin Wines UK has reported a small increase in total revenue for the first half of its fiscal year, defying the challenges of a subdued consumer economic landscape. The online…
Mulberry Group is calling on policy makers to reinstate tax-free shopping in the U.K. as a strategy to counteract the current challenging economic environment and its impact on consumer sentiment.…
(Halifax) House prices in the UK increased by an annual 10.5% in May to set a new record high of 289,099 pounds. The record high house prices happen after an…
(S&P Global) UK Services PMI was recorded at 53.4 in May, down from 58.9 in April, signaling the weakest expansion since February 2021. The slowdowns in the UK service sector…
(ONS) The volume of retail sales in the UK increased by 1.4% in April, escaping the decline of 1.2% posted the previous month. Food stores saw sales rise by 2.8%…
(ONS) The UK Consumer Prices Index surged by 9% in the 12 months to April 2022, accelerating from an increase of 7.0% in March. Including owner occupiers’ housing costs, inflation…
(ONS) The gross domestic product in the UK declined by 0.1% in March as weaknesses persisted following a no-growth status in February. The main contributor of the GDP slowdowns in…
(Bloomberg) American software firm Palantir Technologies Inc. has inked a 10-million-pound agreement with the United Kingdom to automate transactions and cut down processing time. The agreement covers a 12-month contract…
(Halifax) The average house prices in the UK increased by a monthly 1.1% or 3,078 pounds in April to claim another record high of 286,079 pounds. The April gains in…
(S&P) The PMI gauging the manufacturing activity in the UK was recorded at 55.8 in April, rising from March’s five-month low of 55.2. Manufacturing output was noted to have increased…
Source: S&P Global The UK private sector slowed in April, with the activity index in services businesses hitting 57.6, a three-month low, and below 60.9 in the previous month. FTSE…