Tag: Brexit Boom

UK Economy Grows More than Expected

LONDON (AP) — Britain’s economy picked up slightly in the three months through September, official figures showed Wednesday, making it more likely that the Bank of England could raise interest rates next month for the first time in a decade.

British American Tobacco Wins Brexit Sales Boost

LONDON (AFP) – British American Tobacco, fresh from its takeover of US peer Reynolds, reported on Thursday sliding first-half net profits, but sales jumped on the back of the Brexit-hit pound. Profit after tax slid 15 percent to £2.3 billion

BMW to Build Electric Mini in Oxford After Brexit

FRANKFURT, Germany (AP) — Germany’s BMW will make the electric version of its Mini compact cars at its factory in Oxford, England, a decision that comes at a time when automakers are scrutinizing investment plans due to Britain’s impending departure from the European Union.

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Bank of England Revises Up UK Growth Forecast

LONDON (AP) — The Bank of England revised up its economic growth forecasts for the British economy for the coming three years, crediting much of the improvement to the government’s decision to ease up on austerity in the wake of the country’s vote to leave the European Union.

Brexit Boom: UK Companies Growing After Brexit Vote

(REUTERS) – British companies continued to grow modestly in the three months to November and are expected to keep up that pace into 2017, a survey showed on Sunday, chiming with a resilient picture for the British economy so far since June’s EU referendum vote.

Remain Supporting Virgin Enjoys Brexit Boom

(REUTERS) – British lender Virgin Money Holdings Plc (VM.L) reported a 19 percent jump in nine-month gross mortgage lending, and said customer demand continued to be strong after Britain’s vote to leave the European Union.

Sterling Firms On Calm Over Brexit

(REUTERS) – Sterling rose on Wednesday amid indications Britain may avoid an aggressive and potentially damaging exit from the European Union, while the dollar hit a seven-month high against a basket of major rivals ahead of the release of Federal Reserve meeting minutes.