Britain

Summer weather, food prices helped UK retail sales in August

British shoppers spent more in August, helped by summer weather and stronger demand for food, furniture and back-to-school computers – though some of the increase reflected higher food prices too, the British Retail Consortium said on Tuesday. The BRC said spending at its members, mostly larger retail chains, increased by 3.1 per cent in annual […] Courtesy of Cyprus Mail | News…


UK homebuilding returns to growth but commercial sector slumps

The downturn in Britain’s construction industry abated slightly in June as homebuilding returned to growth, but commercial building activity tumbled thanks to mounting worries about the economy, a survey has shown. The S&P Global UK Construction Purchasing Managers’ Index rose to 48.8 from 47.9 in May, a six-month high but still below the 50 threshold […] Courtesy of Cyprus Mail | News…


UK wage growth ticks up but payrolls plunge

British pay growth in the private sector picked up in the three months to November but a plunge in payrolls added to signs of a softer labour market, according to data released this week that offered mixed signals for Bank of England interest rate-setters. Private-sector average weekly earnings growth excluding bonuses – a measure watched […] Courtesy of Cyprus Mail | News…