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British economy

UK retail sales volumes slide at fastest rate since April: CBI

LONDON: British retail sales volumes slid over the last month at the fastest rate since April last year, underlining...

Published 26 Jan, 2023 04:53pm

World

UK income inequality widens after pandemic dip

LONDON: British income inequality rose to a three-year high in the 2021/22 financial year after a dip during the...

Published 25 Jan, 2023 05:53pm

World

UK retail sales slide on cost-of-living crisis

LONDON: UK retail sales sank over the key Christmas trading period as consumers tightened belts in a cost-of-living...

Published 20 Jan, 2023 07:16pm

Business & Finance

BoE’s Bailey sees more optimism about inflation falling

LONDON: Bank of England Governor Andrew Bailey said there was now more optimism about the prospects for inflation...

Published 19 Jan, 2023 06:14pm

Business & Finance

UK inflation drops to 3-month low of 10.5% in December

LONDON: British consumer price inflation fell to a three-month low of 10.5% in December, offering some comfort to...

Published 18 Jan, 2023 12:36pm

World

UK finance minister: We must stick to plan to bring down ‘nightmare’ inflation

LONDON: British finance minister Jeremy Hunt welcomed a small dip in inflation on Wednesday, but said the government...

Published 18 Jan, 2023 12:26pm

World

IMF warns that UK faces ‘sobering’ economic outlook

LONDON: The International Monetary Fund says Britain faces a “sobering” economic outlook for 2023, according to a...

Published 12 Jan, 2023 09:08pm

World

UK house prices set for 15% drop, Nomura predicts

LONDON: British house prices look on track to fall around 15% by mid-2024, economists from Japanese bank Nomura said...

Published 12 Jan, 2023 07:49pm

World

Biggest UK house price fall recorded since financial crisis

LONDON: British house prices slid in December, capping the largest quarterly drop since the financial crisis more...

Published 06 Jan, 2023 02:39pm

Business & Finance

UK manufacturing ends 2022 on a low as orders shrink: PMI

LONDON: British manufacturers reported one of their sharpest falls in activity since the 2008-09 recession last...

Published 03 Jan, 2023 05:20pm

Markets

Oil, defence stocks support FTSE 100 despite inflation shock

The FTSE 100 rose on Wednesday, lifted by energy and defence stocks, even as hotter-than-expected inflation data...

Published 16 Nov, 2022 01:37pm

World

Truss faces new challenge over UK welfare payments

BIRMINGHAM: British Prime Minister Liz Truss triggered a new row in her party on Tuesday by suggesting she could...

Published 04 Oct, 2022 06:51pm

World

UK's Truss tries to reassure on economic plan

LONDON: British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she should...

Updated 02 Oct, 2022 04:27pm

Business & Finance

Sterling slides below $1.15 for first time since 2020

LONDON: Sterling skidded against the dollar on Thursday to its lowest level since March 2020 as storm clouds ...

Published 02 Sep, 2022 06:00am

World

UK retail sales in surprise rebound

LONDON: British retail sales surprisingly rose overall in July but consumer confidence is at a record-low level as...

Published 19 Aug, 2022 07:30pm

World

UK inflation to hit 15% in early 2023, Citi predicts

LONDON: British consumer price inflation is likely to peak at an annual rate above 15% in the first three months of...

Published 17 Aug, 2022 04:56pm

World

UK parliamentary committee requests documents for investigation into PM Johnson

LONDON: A committee of lawmakers has requested diaries, emails, photos and mobile phone messages from Boris...

Published 15 Jul, 2022 05:20pm

World

British government to hold confidence vote in itself on Monday

LONDON: The British government will hold a confidence vote in itself on Monday, the BBC reported on Wednesday, after...

Published 13 Jul, 2022 05:18pm

World

UK’s Johnson: ‘I will be leaving soon with my head held high’

LONDON: British Prime Minister Boris Johnson said on Wednesday he would be leaving soon with his “head held high”, a...

Published 13 Jul, 2022 04:59pm

World

UK body to recommend 4-5% pay rise for 1.5mn health workers

LONDON: British public-sector health workers should receive an annual pay rise of 4-5% this year, a government...

Published 25 Jun, 2022 04:54pm

Business & Finance

Sterling weakens as market selloff, data shakes sentiment

LONDON: The pound weakened broadly on Friday, pulling back from a 23-month high versus the euro touched in the...

Published 22 Jan, 2022 05:46am

Business & Finance

Sterling eyes 11-month lows

LONDON: Sterling dived back towards a 11-month low on Monday as investors weighed the discovery of the Omicron...

Published 30 Nov, 2021 05:23am

Business & Finance

Sterling sags

LONDON: Sterling gave up earlier gains on Thursday, as the Bank of England predicted a sharper rebound in the ...

Updated 07 May, 2021 10:01am

World

Bank of England flags slower bond-buying as economy recovers

The BOE kept its bond-buying programme unchanged at 895 billion pounds ($1.24 trillion), as expected by economists .
The pound and British two-year gilt yields fell after the announcement before recouping those falls.

Published 06 May, 2021 05:53pm

Business & Finance

Profit-taking puts sterling on track for worst day vs euro since February

Sterling also fell 0.5% against the dollar to $1.3844, after earlier touching $1.3919, its highest since March 19.

Published 06 Apr, 2021 08:15pm

Markets

Sterling slips after reaching two-week high versus dollar

Versus the dollar, sterling was 0.4% lower at $1.3854 at 0859 GMT, after earlier touching $1.3919, its highest since March 19.
Sterling had its best quarter since 2015 versus the euro, gaining around 4.8%.

Updated 06 Apr, 2021 07:29pm

World

UK consumers cut their borrowing at record annual pace in Feb

UK consumer lending falls at fastest rate since records began.
Built-up household savings point to fuel for economic recovery.
Mortgage approvals drop before new budget measures announced.
Household finances survey shows strain but improvement.

Published 29 Mar, 2021 07:20pm

World

Jump in UK inflation to put focus on BoE policy splits

Economists see UK inflation at 2.5% by late 2021 from 0.7% now.
Oil and one-off effects will lift UK prices through the year.
Soft jobs market to keep BoE away from raising rates this year.
BoE officials divided over how fast labour slack will dry up.
BoE's Haldane fears past deflationary forces poised to reverse.

Published 22 Mar, 2021 08:16pm

Markets

UK draws record demand for inflation-linked bond

Investors submitted 2.832 billion pounds ($3.93 billion) of bids for the 800 million pounds on offer of an index-linked bond maturing in August 2031 .
That gave a bid-to-cover ratio of 3.54, the highest for any index-linked bonds since such auctions began in 1998.

Published 10 Mar, 2021 06:23pm

Markets

UK gilt yields extend rise as govt unveils more borrowing

Britain's 30-year yields rose almost 10 basis points on the day to 1.33% while 10-year yields were up 7 basis points to 0.76%.
UK equities remained broadly unchanged during Sunak's speech with the domestically focused FTSE 250 index holding on to gains and the FTSE 100 easing just slightly.

Published 03 Mar, 2021 07:31pm

Gainers
Losers
Leaders

Stock	Price
Data Textile / Feb 2 Data Textiles Limited(DATM)	7.08 ▲ 1.00 (16.45%)
Sec. Inv. Bank / Feb 2 Security Investment Bank Limited(SIBL)	4.85 ▲ 0.55 (12.79%)
Shaheen Ins. / Feb 2 Shaheen Insurance Company Limited(SHNI)	3.30 ▲ 0.30 (10.00%)
Gammon Pak / Feb 2 Gammon Pakistan Limited(GAMON)	6 ▲ 0.54 (9.89%)
Ashfaq Textile / Feb 2 Ashfaq Textile Mills Limited(ASHT)	10.39 ▲ 0.89 (9.37%)
Leather Up Ltd. / Feb 2 Leather Up Limited(LEUL)	11.72 ▲ 1.00 (9.33%)
Saif Textile / Feb 2 Saif Textile Mills Limited(SAIF)	11.99 ▲ 0.98 (8.90%)
Sindh Modaraba / Feb 2 Sindh Modaraba(SINDM)	7.60 ▲ 0.60 (8.57%)
Next Capital / Feb 2 Next Capital Limited(NEXT)	5.15 ▲ 0.39 (8.19%)
OLP Modaraba / Feb 2 OLP Modaraba Limited(OLPM)	13.50 ▲ 0.98 (7.83%)

Stock	Price
Pak Gulf Leasing / Feb 2 Pak-Gulf Leasing Company Limited(PGLC)	5.55 ▲ -0.90 (-13.95%)
First Pak Mod. / Feb 2 First Pak Modaraba(PAKMI)	1.33 ▲ -0.17 (-11.33%)
Jubilee Spinning / Feb 2 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.60 ▲ -0.30 (-10.34%)
Sakrand Sugar / Feb 2 Sakrand Sugar Mills Limited(SKRS)	9.74 ▲ -0.84 (-7.94%)
Ist.Capital Sec / Feb 2 First Capital Securities Corporation(FCSC)	1.20 ▲ -0.10 (-7.69%)
Dawood Lawrencepur / Feb 2 Dawood Lawrencepur Limited(DLL)	207.76 ▲ -16.84 (-7.50%)
JDW Sugar / Feb 2 JDW Sugar Mills Limited(JDWS)	350.59 ▲ -28.41 (-7.50%)
Pakistan Services / Feb 2 Pakistan Services Limited(PSEL)	2095.13 ▲ -169.87 (-7.50%)
Shahtaj Sugar / Feb 2 Shahtaj Sugar Mills Limited(SHJS)	45.79 ▲ -3.71 (-7.49%)
EFG Hermes Pak / Feb 2 EFG Hermes Pakistan Limited(EFGH)	12.49 ▲ -1.01 (-7.48%)

Stock	Volume
WorldCall Telecom / Feb 2 Worldcall Telecom Limited(WTL)	13,426,966 ▼ 0.00
Pak Petroleum / Feb 2 Pakistan Petroleum Limited(PPL)	10,194,870 ▲ -0.75
Gul Ahmed / Feb 2 Gul Ahmed Textile Mills Limited(GATM)	8,350,767 ▼ 0.57
P.I.A.C.(A) / Feb 2 Pakistan International Airlines Corp(PIAA)	8,280,000 ▼ 0.28
Pak Refinery / Feb 2 Pakistan Refinery Limited(PRL)	7,748,506 ▼ 0.08
Maple Leaf Cement / Feb 2 Maple Leaf Cement Factory Limited(MLCF)	6,561,607 ▼ 0.49
Habib Bank / Feb 2 Habib Bank Limited(HBL)	6,169,723 ▼ 0.57
Oil & Gas Dev. / Feb 2 Oil & Gas Development Company Limited(OGDC)	5,214,064 ▲ -0.69
K-Electric Ltd. / Feb 2 K-Electric Limited(KEL)	4,941,333 ▼ 0.02
Fauji Cement / Feb 2 Fauji Cement Company Limited(FCCL)	4,779,500 ▼ 0.01

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 1	270.85
USD PKR Interbank Buying / Feb 1	268.85
USD to Japanese Yen / Feb 1	130.23
USD to Swiss Franc / Feb 1	0.92
Pound Sterling to USD / Feb 1	1.23
Euro to USD / Feb 1	1.09
UK LIBOR % / Jan 31	4.31

Stock	Volume
S&P 500 / Jan 31	4076.60
Nasdaq / Jan 31	11584.55
Dow Jones / Jan 31	34086.04
India Sensex / Feb 1	59708.08
Tokyo Nikkei / Feb 1	27345.74
Hang Seng / Feb 1	22072.18
FTSE 100 / Feb 1	7780.98
Germany DAX 30 / Feb 1	15120.54
France CAC40 / Feb 1	7085.19

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 31	20735
Gold 10 Grams PKR / Jan 31	172754
Crude Oil USD/Barrel / Feb 1	79.25
Gold Spot USD/Ounce / Feb 1	1925.87
Cotton US¢/pound / Feb 1	86.58

British economy

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