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UK's Reeves announces support for consumers and businesses hit by Iran war

UK's Reeves announces support for consumers and businesses hit by Iran war

By Alistair Smout and Muvija M LONDON, May 21 (Reuters) - British finance minister Rachel Reeves on Thursday announced measures aimed at lowering the cost of living for consumers over the school summer holidays and supporting industries hit by the fallout from the Iran war.

UK firms report slide in activity due to Iran war and political turmoil

UK firms report slide in activity due to Iran war and political turmoil

By William Schomberg LONDON, May 21 (Reuters) - British companies are suffering their most widespread drop in activity in over a year due to the economic fallout from the Iran war and political uncertainty at home, a survey showed on Thursday.

UK borrows more than expected as Reeves faces Iran war challenges

UK borrows more than expected as Reeves faces Iran war challenges

LONDON, May 22 (Reuters) - Britain's public finances showed a bigger-than-expected shortfall of 24.3 billion pounds ($32.63 billion) last month, the second-highest borrowing for April on record, official figures showed on Friday.

Sterling steady but weak business activity data weighs

Sterling steady but weak business activity data weighs

By Lucy Raitano LONDON, May 21 (Reuters) - The pound was steady against the dollar on Thursday as broader currency markets focused on developments in the Iran war, while traders digested some worse-than-expected surveys of British business activity. Sterling was flat at $1.3437.

Britons hold their nerve but turn warier about big spending plans, GfK says

Britons hold their nerve but turn warier about big spending plans, GfK says

LONDON, May 22 (Reuters) - British consumers have turned a little less downbeat this month but are the least willing to make big purchases in almost a year and a half, underscoring the fragile mood among households, according to a survey published on Friday.

Ukraine ally Britain eases new sanctions on Russian oil as fuel prices surge over Iran war

Ukraine ally Britain eases new sanctions on Russian oil as fuel prices surge over Iran war

The U.K. government has quietly delayed some new sanctions on Russian oil to help Britons cope with rising costs from the Iran war

UK retail sales fall by most in nearly a year, ONS data shows

UK retail sales fall by most in nearly a year, ONS data shows

LONDON, May 22 (Reuters) - British retail sales fell by the most in nearly a year in April, according to official figures published on Friday that added to signs of waning consumer spending against the backdrop of the Iran war and rising energy costs.

UK to toughen regulatory powers on price gouging

UK to toughen regulatory powers on price gouging

LONDON, May 20 (Reuters) - Britain will give its competition watchdog stronger powers to crack down on companies that it determines have unfairly raised prices during crises, finance minister Rachel Reeves said on Wednesday, as the government grapples with rising living costs.

UK inflation slows to 2.8% in April

UK inflation slows to 2.8% in April

LONDON, May 20 (Reuters) - British consumer price inflation slowed to 2.8% in April from 3.3% in March, according to official figures published on Wednesday.

Europe EV sales leap as Iran war pushes up petrol pump prices

Europe EV sales leap as Iran war pushes up petrol pump prices

By Christina Amann, Marie Mannes and Nick Carey BERLIN/STOCKHOLM/LONDON, May 20 (Reuters) - Demand for electric vehicles in Europe has surged as high fuel prices linked to the Iran war propel sales of new and second-hand EVs, data exclusively shared with Reuters shows, providing a much-needed boost

Morning Bid: Ceasefire on a knife edge

Morning Bid: Ceasefire on a knife edge

By Mike Dolan May 19 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Global oil prices, stocks and bond yields levelled off on Tuesday as U.S.

Trading Day: Inflation palpitations

Trading Day: Inflation palpitations

By Jamie McGeever ORLANDO, Florida, May 19 (Reuters) - Wall Street fell on Tuesday, slammed again by inflation worries that pushed long-dated bond yields to the highest since 2007, as investors dismissed conflicting signals on U.S.-Iran talks and looked ahead to Nvidia's earnings on Wednesday.