(REUTERS) – Lloyds Banking Group (LLOY.L) defied expectations on Wednesday of a squeeze on earnings after Britain’s surprise vote to quit the European Union by reporting third-quarter profits largely unchanged from a year earlier.
The giant Anglo-Dutch firm Unilever, which backed Remain, has been accused of unfairly ‘exploiting’ Brexit and a falling pound by hiking the price of all of its products by ten per cent in the UK, despite some of them being unaffected.
(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.
One of Prime Minister Theresa May’s closest allies in the cabinet has promised the UK will leave the European Union (EU) and single market, taking back full control of its borders.
LONDON, Sept 30 (Reuters) – Britain’s giant services sector grew much more strongly than expected in July in the clearest sign to date that the economy did not slow sharply after the shock of the country’s Brexit vote in June.
(REUTERS) – British consumer morale rocketed back to pre-Brexit levels in September, a survey found, confounding expectations that the vote to leave the EU would wreak more lasting damage on Briton’s willingness to spend.
(REUTERS) – The shock over Britain’s decision to quit the European Union has been overcome for now, Ifo economist Klaus Wohlrabe told Reuters on Monday after the institute’s monthly survey showed business morale in Germany surging in September.
The world’s ‘leading’ economic think-tank, repeatedly cited by the Chancellor to push ‘project fear’, has humiliatingly U-turned on its ‘doomsday’ Brexit warnings, predicting strong growth for the UK.
LONDON, Sept 22 (Reuters) – Sterling rebounded from a five-week low against the dollar on Thursday, boosted by renewed weakness in the greenback after the Federal Reserve kept monetary policy steady and projected a less aggressive path for rate hikes in coming years.
EDINBURGH, Sept 22 (Reuters) – The University of Oxford has become the first British university to top the Times Higher Education’s global league table, knocking the California Institute of Technology into second place.
LONDON (Reuters) – The sharp fall in sterling since Britain voted to leave the European Union has encouraged tourists to go on a spending spree, providing a little relief for the economy as it faces an overall sharp slowdown.
