UK GDP Dropped 0.2% in Q3 as Energy, Cost-of-Living Crises Bit
The UK economy plunged for the first time in six quarters in three months. As Europe’s energy crisis drove inflation to its highest in about...
Tag : UK
Co-Op Faces Supply Chain Snag amid Rising Inflation
On Thursday, Britain’s Co-operative Group reported a sharp drop in its interim profit. The grocery-to-funerals and legal business provider faces supply chain snags because of...
Canada-based Cineplex Approaches Cineworld Lenders over Merger with Regal Unit, Reports Says
On Wednesday, the Wall Street Journal reported that Canadian cinema chain operator Cineplex has reached out to the lenders of Cineworld to revitalise a potential...
UK Cuts Taxes as Economy Falls into Recession
The new UK Government has introduced measures to cut taxes and stimulate growth as recent data showed the economy sliding into recession at the end...
Coffin of Queen Elizbeth II Reaches Buckingham Palace
The longest reigning monarch of Britain, Queen Elizabeth II, passed away on September 8 at 96 at Balmoral Castle, Scotland. The Queen’s Coffin has flown...
Aveva Shares Jump on Report of Potential Schneider Buyout
Shares in AVEVA Group PLC (LON:AVV) rose on Tuesday after a report emerged that France’s Schneider Electric edges closer to a deal to totally acquire...
Despite Unemployment Rate Falling, UK Job Growth Slows
Despite slowing under the weight of the ongoing cost-of-living crisis, the UK economy is running out of workers. Since July, employment growth has sharply declined...
Britain’s New Monarch to be Known as King Charles III
Clarence House, the residence of the Prince of Wales, confirmed on Thursday that Britain’s new monarch would be known as King Charles III. With this,...
Britain’s Economy Shrank Record 11% in 2020, Worst Since 1709
Britain recorded its biggest drop in output in over 300 years in 2020 as it faced the brunt of the COVID-19 pandemic. Official figures also...
Wipro Gets Multi-year Contract from UK Govt’s HM Treasury
Wipro Limited has announced that it has a multi-year contract for delivering Service Integration and Management (SIAM) services to HM Treasury (Her Majesty’s Treasury). HMT...