Welsh steel town Port Talbot hit by Tata job cuts
Indian multinational steel-making company Tata Steel has confirmed that it plans to reduce its headcount in the UK by 1,050, with 750 jobs to be lost at its Port Talbot…
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CML Regulated Mortgage Survey reveals 18% year-on year increase in UK house purchase lending
A Regulated Mortgage Survey published by the Council of Mortgage Lenders (CML) on Thursday, shows that UK home-owner house purchase lending amounted to GBP10.7bn in November 2015, down 9% on…
BP to reduce North Sea workforce by 20%
Oil giant BP is to cut 600 jobs from its North Sea operations, following a drop in oil prices, it was reported on Tuesday. The North Sea job cuts represent…
SMMT reports best ever performance for UK new car registrations in 2015
Demand for new car registrations in 2015 exceeded expectations and increased by 6.3%, with 2.63 million vehicles registered, according to the latest figures released by the Society of Motor Manufacturers…
Christmas trading boosts sales at John Lewis Partnership
UK retail company John Lewis Partnership released its Christmas trading update on Wednesday, which revealed a year-on-year increase of 4.1% in the company's total sales for the six weeks ending…
Markit/CIPS UK Construction PMI indicates positive outlook for UK construction in 2016
Commercial building activity increased in the UK towards the end of 2015, which had led to a rebound in construction sector performance, according to the latest Markit/CIPS UK Construction PMI…
British supermarkets slash fuel prices to under £1 per litre
Supermarket chains Morrisons Asda, Tesco and Sainsburys have all cut diesel and petrol prices to below GBP1 a litre , the lowest fuel prices in the UK since 2009. The…
BBA data reveals continued strength in UK mortgage market
Trade association for the UK banking sector, the British Bankers' Association (BBA), recently released figures for high street banking in November 2015, which show that gross mortgage borrowing in the…
Lloyds PMI reveals rise in UK business activity
Retail banking company Lloyds Bank released its latest Regional Purchasing Managers’ Index (PMI) on Monday, which indicates that UK output is rising at a faster rate compared to the pace…
British music artists contribute record £4.1 billion to UK economy in 2014
A new report published by UK Music on Thursday shows that in 2014, the music industry in the UK contributed GBP4.1bn to the economy in GVA (Gross Value Added). The annual…
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