Economy of the United Kingdom http://www.globalpost.com/taxonomy/term/23839/all en Vodafone helps drive Britain's FTSE higher http://www.globalpost.com/dispatch/news/thomson-reuters/130108/vodafone-helps-drive-britains-ftse-higher <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* FTSE 100 up 0.3 percent</p> <p>* Vodafone rises on Verizon sale talk</p> <p>* Miners weaken, caution ahead of China data</p> <p>By Tricia Wright</p> <p>Jan 8 (Reuters) - Britain's top share index moved back up on<br /> Tuesday towards recent two-year highs, helped by gains from UK<br /> market heavyweight Vodafone.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/vodafone-helps-drive-britains-ftse-higher" target="_blank">read more</a></p> Bell System Broadband Economy of the United Kingdom Economy of the United States Electronic engineering Person Career Quotation Racal Verizon Communications Vodafone Thomson Reuters Tue, 08 Jan 2013 13:52:09 +0000 Thomson Reuters 5731481 at http://www.globalpost.com FACTBOX-How UK retailers fared over Christmas http://www.globalpost.com/dispatch/news/thomson-reuters/130108/factbox-how-uk-retailers-fared-over-christmas <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>LONDON, Jan 8 (Reuters) - With British shoppers fretting<br /> over job security and a squeeze on incomes, retailers found the<br /> going tough in 2012. Following is a summary of how they fared in<br /> the Christmas trading period.</p> <p/> <p>RETAILER/RIC/PERFORMANCE SECTOR</p> <p/> <p>Debenhams Department store</p> <p>Like-for-like sales up 5.0 pct in</p> <p>5 weeks to Jan. 5.</p> <p/> <p>Domino's Pizza Group Food</p> </p/></p/></p/><p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/factbox-how-uk-retailers-fared-over-christmas" target="_blank">read more</a></p> CDATA Dunelm Mill Economy of the United Kingdom John Lewis Partnership United Kingdom Value added tax Waitrose Thomson Reuters Mon, 07 Jan 2013 14:09:39 +0000 Thomson Reuters 5731343 at http://www.globalpost.com British firms' confidence increased in fourth quarter - survey http://www.globalpost.com/dispatch/news/thomson-reuters/130108/british-firms-confidence-increased-fourth-quarter-survey <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>By Dasha Afanasieva</p> <p>LONDON, Jan 8 (Reuters) - British firms grew more confident<br /> in the last three months of 2012, suggesting the economy avoided<br /> contraction and is set for modest growth in the early part of<br /> this year, Britain's largest business survey showed on Tuesday.</p> <p>The survey of more than 7,000 firms by the British Chambers<br /> of Commerce contrasts sharply with the downbeat message last<br /> week from a set of closely watched polls of purchasing managers.<br /> They suggested Britain is slipping back into<br /> recession.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/british-firms-confidence-increased-fourth-quarter-survey" target="_blank">read more</a></p> Economics Economy of Paraguay Economy of the United Kingdom Entertainment Late-2000s recession in Europe Macroeconomics Person Career Quotation Recessions Thomson Reuters Tue, 08 Jan 2013 14:04:36 +0000 Thomson Reuters 5731564 at http://www.globalpost.com UPDATE 1-Sainsbury led top UK grocers in Christmas sales growth http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-1-sainsbury-led-top-uk-grocers-christmas-sales-growth <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* UK grocery market grew 3.2 pct in 12 weeks to Dec. 23<br /> * Sainsbury market share up 0.1 pct pt, Tesco down 0.1<br /> * Strongest growth at discount and premium end - Kantar<br /> * UK retail sales up 0.3 pct in December - BRC<br /> * 2013 to be difficult for retailers - BRC</p> <p> By James Davey<br /> LONDON, Jan 8 (Reuters) - J Sainsbury, Britain's<br /> No.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-1-sainsbury-led-top-uk-grocers-christmas-sales-growth" target="_blank">read more</a></p> Aldi Asda Business Economy of the United Kingdom Employment Relation Food industry Grocery store Lidl Morrisons Person Career Quotation Sainsbury's Social Issues Technology Tesco United Kingdom Waitrose Walmart Thomson Reuters Tue, 08 Jan 2013 14:15:04 +0000 Thomson Reuters 5731597 at http://www.globalpost.com Sainsbury has record Christmas though growth slows http://www.globalpost.com/dispatch/news/thomson-reuters/130109/sainsbury-has-record-christmas-though-growth-slows <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 9 (Reuters) - J Sainsbury, Britain's No. 3 supermarket, met forecasts for underlying sales in the Christmas quarter, though growth did slow from its first half in a highly promotional festive market.</p> <p>The group, which trails market leader Tesco and No. 2 player Wal-Mart's Asda by annual revenue, said on Wednesday sales at stores open over a year rose 0.9 percent, excluding fuel, in the 14 weeks to Jan. 5, its fiscal third-quarter.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/sainsbury-has-record-christmas-though-growth-slows" target="_blank">read more</a></p> Economy of the United Kingdom Entertainment Human Interest J Sainsbury Sainsbury Sainsbury's United Kingdom Thomson Reuters Wed, 09 Jan 2013 07:30:43 +0000 Thomson Reuters 5731988 at http://www.globalpost.com UK stocks stage recovery on positive U.S. earnings http://www.globalpost.com/dispatch/news/thomson-reuters/130109/uk-stocks-stage-recovery-positive-us-earnings-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSE 100 up 0.4 percent</p> <p>* Miners gain after Alcoa says sees brighter 2013</p> <p>* Lloyds Banking shines after UBS upgrade</p> <p>* J Sainsbury drops after trading update</p> <p>By Tricia Wright</p> <p>LONDON, Jan 9 (Reuters) - Britain's top shares rose on Wednesday, boosted by banking stocks and miners as a reassuring start to the U.S. earnings season boosted investors' appetite for riskier assets.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/uk-stocks-stage-recovery-positive-us-earnings-0" target="_blank">read more</a></p> Economy of the United Kingdom Entertainment Financial economics Investment Thomson Reuters Wed, 09 Jan 2013 10:00:33 +0000 Thomson Reuters 5732022 at http://www.globalpost.com UPDATE 2-Sainsbury sales growth slows despite record Christmas http://www.globalpost.com/dispatch/news/thomson-reuters/130109/update-2-sainsbury-sales-growth-slows-despite-record-christmas <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Q3 like-for-like sales, ex fuel, up 0.9 pct, as expected</p> <p>* Outcome driven by growth of online, convenience sales</p> <p>* Says positioned to perform well in Q4</p> <p>* Says won't be hurt by any Tesco revival</p> <p>* Sainsbury shares down 3 pct</p> <p>By James Davey</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/update-2-sainsbury-sales-growth-slows-despite-record-christmas" target="_blank">read more</a></p> Economy of the United Kingdom Entertainment J Sainsbury Sainsbury Sainsbury's United Kingdom Thomson Reuters Wed, 09 Jan 2013 08:00:22 +0000 Thomson Reuters 5731994 at http://www.globalpost.com UK retailer Jessops enters administration http://www.globalpost.com/dispatch/news/thomson-reuters/130109/uk-retailer-jessops-enters-administration <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 9 (Reuters) - Camera specialist Jessops called in administrators PwC on Wednesday, becoming Britain's first high street casualty following a tough Christmas for retailers.</p> <p>The group, which operates from 192 stores and has around 2,000 employees, has seen demand for its digital products come under pressure from the rising use of camera phones and online rivals.</p> <p>Many British retailers have struggled recently as inflation, muted wages growth and government austerity measures squeeze household budgets.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/uk-retailer-jessops-enters-administration" target="_blank">read more</a></p> Business Economy of the United Kingdom Entertainment Jessops Jessops Labor Law United Kingdom Thomson Reuters Wed, 09 Jan 2013 16:45:48 +0000 Thomson Reuters 5732208 at http://www.globalpost.com Former UK banks chief mulled resigning over PPI fight http://www.globalpost.com/dispatch/news/thomson-reuters/130109/former-uk-banks-chief-mulled-resigning-over-ppi-fight <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Huw Jones</p> <p>LONDON, Jan 9 (Reuters) - The public face of Britain's banks during the financial crisis considered resigning several times over her members' fight against compensating customers mis-sold loan insurance.</p> <p>The British Bankers' Association (BBA) mounted the challenge in 2011 against principles from the Financial Services Authority (FSA) on how lenders should contact customers about the mis-selling of payment protection insurance (PPI).</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/former-uk-banks-chief-mulled-resigning-over-ppi-fight" target="_blank">read more</a></p> Economy of the United Kingdom Financial services United Kingdom Thomson Reuters Wed, 09 Jan 2013 18:30:27 +0000 Thomson Reuters 5732266 at http://www.globalpost.com UK shares edge up with focus on mixed retailers http://www.globalpost.com/dispatch/news/thomson-reuters/130110/uk-shares-edge-focus-mixed-retailers <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSE 100 index up 0.1 percent * Tesco among top gainers after good sales growth * M&amp;S, Sainsbury fall after tough Christmas * Gains on China data capped by resistance By Alistair Smout LONDON, Jan 10 (Reuters) - UK shares edged up on Thursday as strength in Tesco, which beat sales expectations over the Christmas period, outweighed weakness in its competitors. At 0807 GMT, the FTSE 100 was up 6.79 points, or 0.1 percent, at 6,105.44, struggling to sustain a break through strong resistance a day after hitting its highest level since May 2008.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/uk-shares-edge-focus-mixed-retailers" target="_blank">read more</a></p> Economy of the United Kingdom Tesco United Kingdom Thomson Reuters Thu, 10 Jan 2013 09:45:16 +0000 Thomson Reuters 5732530 at http://www.globalpost.com Tesco gains help keep Britain's FTSE higher http://www.globalpost.com/dispatch/news/thomson-reuters/130110/tesco-gains-help-keep-britains-ftse-higher <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSE 100 index gains 0.1 percent</p> <p>* Tesco top points gainer after good sales growth</p> <p>* Conversely, M&amp;S weak after tough Christmas</p> <p>* Miners gain on China trade data</p> <p>By Jon Hopkins</p> <p>LONDON, Jan 10 (Reuters) - Britain's top share index held firm on Thursday lifted by strength in retail giant Tesco, which beat sales expectations over the Christmas period, outweighing falls by its competitors.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/tesco-gains-help-keep-britains-ftse-higher" target="_blank">read more</a></p> Economy of the United Kingdom FTSE 100 Index Tesco Thomson Reuters Thu, 10 Jan 2013 14:30:47 +0000 Thomson Reuters 5732588 at http://www.globalpost.com WRAPUP 1 -UK retailers fight for scraps over tough Christmas http://www.globalpost.com/dispatch/news/thomson-reuters/130110/wrapup-1-uk-retailers-fight-scraps-over-tough-christmas <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Kate Holton and James Davey</p> <p>LONDON, Jan 10 (Reuters) - Department stores chain John Lewis and deep discounter Aldi emerged as winners on Thursday after British retailers fought it out for every pound in a tough Christmas.</p> <p>Elsewhere Tesco showed signs of life, John Lewis and Next proved as reliable as ever, but Marks &amp; Spencer was left looking embarrassed when its poor results were leaked a day early.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/wrapup-1-uk-retailers-fight-scraps-over-tough-christmas" target="_blank">read more</a></p> Business Economy of the United Kingdom Human Interest Sports Technology Tesco United Kingdom Thomson Reuters Thu, 10 Jan 2013 15:00:25 +0000 Thomson Reuters 5732641 at http://www.globalpost.com Pension funds disappointed by UK decision on inflation index http://www.globalpost.com/dispatch/news/thomson-reuters/130110/pension-funds-disappointed-uk-decision-inflation-index <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Sarah Mortimer</p> <p>LONDON, Jan 10 (Reuters) - Workplace pension funds hoping for a respite in tackling soaring deficits were disappointed by a government decision on Thursday not to reduce the country's official inflation rate.</p> <p>The Office of National Statistics (ONS) opted against a widely anticipated change to the long-standing Retail Price Index (RPI), which is used to calculate workplace pension payouts to the retired.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/pension-funds-disappointed-uk-decision-inflation-index" target="_blank">read more</a></p> Economics Economy of the United Kingdom Human Interest Office for National Statistics Thomson Reuters Thu, 10 Jan 2013 15:00:37 +0000 Thomson Reuters 5732643 at http://www.globalpost.com UPDATE 3-Tesco says back on form with Christmas sales rise http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-3-tesco-says-back-form-christmas-sales-rise <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Names Chris Bush UK managing director</p> <p>* UK sales ex fuel and VAT up 1.8 pct in 6 wks to Jan 5</p> <p>* CEO says UK "back on form"</p> <p>* Sainsbury says Tesco "a bit disingenuous"</p> <p>* Shares up more than 2 pct, hit highest in a year (Adds detail, CEO, analyst, shareholder, Sainsbury comment, updates shares)</p> <p>By James Davey</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-3-tesco-says-back-form-christmas-sales-rise" target="_blank">read more</a></p> Business Economy of the United Kingdom Entertainment Human Interest Tesco Tesco Plc United Kingdom Thomson Reuters Thu, 10 Jan 2013 08:30:20 +0000 Thomson Reuters 5732507 at http://www.globalpost.com TIMELINE-RBS set to pay heavy fines over Libor rigging http://www.globalpost.com/dispatch/news/thomson-reuters/130111/timeline-rbs-set-pay-heavy-fines-over-libor-rigging <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>Jan 11 (Reuters) - Royal Bank of Scotland is set to pay large fines for its role in rigging the Libor interest rate. Here is a look at RBS's troubles since 2007:</p> <p>April 3, 2007 - RBS leads a consortium along with Fortis and Spain's Santander to buy Dutch bank ABN AMRO. In October, the consortium wins a bidding war against Barclays for ABN AMRO with a 70-billion-euro offer, making it the biggest banking takeover in history. The takeover comes just before markets slump as the subprime credit crisis takes hold.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130111/timeline-rbs-set-pay-heavy-fines-over-libor-rigging" target="_blank">read more</a></p> Economy of the United Kingdom Human Interest Royal Bank of Scotland Royal Bank of Scotland Group United Kingdom Thomson Reuters Fri, 11 Jan 2013 13:15:28 +0000 Thomson Reuters 5733130 at http://www.globalpost.com