Earnings in the UK rose 2.9% in the quarter to July
Economists expect that average earnings in the UK rose 2.9 percent over the three months to July compared with a year ago.
Inflation in July...
Car ownership in the UK has surged to 75%
Car ownership in the UK is on the rise, according to a report published by the British Car Auctions (BCA).
The report revealed that UK...
Goldman Sachs slashes oil price outlook for 2016
Goldman Sachs announced that it has cut its price outlook for oil next year.
The investment bank cited oversupply and the effects of a slowing...
UK FTSE 100 down 1.18 percent to 6155.81
The UK FTSE 100 dropped on Thursday by 1.18 percent, or 73.20 points, to 6155.81.
The drop came after the Bank of England voted to...
The average price of a home in the UK is now £204,674
The average price of a home in the UK has increased to £204,674, according to Halifax.
The average home price within the three months to...
Bank of England votes to hold interest rates at 0.5 percent
The Bank of England voted in favor of keeping interest rates at a record-low of 0.5 percent.
Policymakers voted 8-1 to keep rates at the...
UK industrial output plunged in July
UK industrial production in July was very weak and exports dropped the most in nine years, according to official figures released by the Office...
Morrisons selling 140 local convenience stores for £25m
UK retail giant Morrisons announced that it is selling 140 of its M local convenience stores for approximately £25 million.
The supermarket chain said that...
CEO of United Continental resigns amid federal investigation
Jeff Smisek has stepped down as Chief Executive of United Continental Holdings Inc amid a federal investigation.
Oscar Munoz, the Chief Operating Officer of CSX...
China’s monthly trade surplus up 40% in August to 368 billion yuan
Chinese imports and exports both dropped in August. Imports dropped 14.3% on year in renminbi terms, while exports dropped a modest 6.1 percent from...