July 6, 2024
Chicago 12, Melborne City, USA
United Kingdom

UK Retail Price Inflation Returns to Normal Levels, Say Retailers

In a positive development for the British economy, shop prices in the UK increased at their slowest rate in two and a half years this month. According to the British Retail Consortium (BRC), annual shop price inflation eased to 0.6% in May, down from 0.8% in April, marking the smallest increase since November 2021. This

Read More
United Kingdom

Sunak’s Summer Election Brings Optimism to Britain’s Financial Sector

As Britain gears up for another election, executives in the City of London are cautiously optimistic about the potential for a new government to bring stability and attention to the financial sector. This hope comes amidst years of political uncertainty that have taken a toll on the industry. Financial Sector Outlook Business leaders in London’s

Read More
United Kingdom

National Grid to Raise $9 Billion in Largest UK Rights Issue Since 2009

Britain’s National Grid (NG.L) has announced plans to raise approximately £7 billion ($8.9 billion) through a rights issue, marking the largest UK capital raising effort of this kind since 2009. This move is aimed at supporting the company’s ambitious £60 billion investment in energy networks, essential for achieving the UK’s target of decarbonizing its power

Read More
United Kingdom

Rishi Sunak’s Early Election Call Sparks Conservative Discontent

Prime Minister Rishi Sunak’s decision to call a British election much earlier than anticipated has stirred strong emotions among Conservative lawmakers, ranging from tears to frustration. Many Conservative MPs, some fighting to retain their seats, feel that six weeks may not be enough to sway skeptical voters. For those planning to step down, the sudden

Read More