Trends - UK economy - Business Recorder

UK economy

Sterling bows to dollar strength after UK GDP data

LONDON: The pound eased on Thursday after data confirmed the UK economy entered recession in the second half of last...

Published 30 Mar, 2024 04:58am

World

UK economy returns to modest growth at start of 2024

LONDON: Britain’s economy returned to growth in January after entering a shallow recession in the second half of...

Published 14 Mar, 2024 03:00am

World

Improving UK economy would be no election game-changer for Sunak

MANCHESTER (England): Falling inflation, the prospect of interest rate cuts and signs that Britain’s economy is...

Published 07 Feb, 2024 05:30am

Markets

Sterling steady, dollar wobbles as markets brace for post-Thanksgiving buzz

SINGAPORE: The dollar kicked off the last week of November on the back foot while sterling held near an over...

Published 27 Nov, 2023 10:06am

World

UK air traffic control outage ‘1 in 15 million’ event: boss

LONDON: The head of British air traffic control on Wednesday blamed a “one in 15 million” event that caused the...

Published 06 Sep, 2023 05:14pm

Business & Finance

UK borrows less than expected in July

LONDON: Britain recorded a smaller-than-expected budget deficit in July, official data showed on Tuesday, giving...

Published 28 Aug, 2023 06:27am

Business & Finance

UK economy grows unexpectedly in Q2 but still lags peers

LONDON: Britain’s economy eked out unexpected growth in the second quarter, laying the ground for more interest...

Published 15 Aug, 2023 06:30am

BoE hikes rate 14th time in row

LONDON: The Bank of England on Thursday hiked its key interest rate for a 14th time in a row, by a quarter-point to...

Updated 04 Aug, 2023 08:41am

World

UK food price inflation to be 9% in December, industry researcher cautions

LONDON: Food price inflation in Britain will decline through the balance of 2023 but will still be about 9% in...

Published 13 Jul, 2023 06:07pm

Business & Finance

UK economy grows as expected in April, driven by services

LONDON: British economic output inched higher as expected in April, driven by the retail sector and the filming...

Published 14 Jun, 2023 12:16pm

World

UK PM Sunak: It's on me personally to meet pledge to halve inflation

WASHINGTON: British Prime Minister Rishi Sunak said on Wednesday he would take personal responsibility if he fails ...

Published 07 Jun, 2023 10:56pm

Business & Finance

IMF says UK economy to grow this year in big U-turn

LONDON: The IMF on Tuesday delivered a major U-turn on its forecast for the UK economy, saying it expected growth...

Published 24 May, 2023 05:57am

Business & Finance

Inflation-fighting Bank of England eyes 12th rate hike

LONDON: The Bank of England is forecast Thursday to deliver its twelfth straight interest rate hike as it seeks to...

Published 11 May, 2023 11:24am

Business & Finance

UK recession risks persist despite brighter growth data

LONDON: The UK economy performed slightly better than thought in the final quarter of last year, revised data showed...

Published 03 Apr, 2023 07:35am

World

Sky-high UK childcare costs hit women’s careers

LONDON: Increased childcare funding is expected to feature in the UK government’s budget this week, in a bid to ease...

Published 14 Mar, 2023 01:05pm

Business & Finance

Britain says global accounting rule is crimping its economy

LONDON: A central plank of global accounting rules has become a “performance penalty” which holds back ...

Published 27 Feb, 2023 06:17am

Pakistan

Study in the UK: British Council announces STEM scholarships for women

21 UK universities offer women from Pakistan the opportunity to study a fully-funded master’s degree in the UK

Published 24 Feb, 2023 06:29pm

World

UK economy shows unexpected pep in February

LONDON: Britain looks on course to sidestep a forecast recession as businesses reported an unexpected bounce in...

Published 21 Feb, 2023 03:49pm

Business & Finance

FPCCI sees massive potential of increase in trade with UK

Chamber says trade with European nation can rise by 20-30% on annual basis

Published 13 Feb, 2023 07:37pm

Business & Finance

UK skirts recession with zero fourth-quarter growth

LONDON: Britain’s economy avoided recession after flatlining in the last three months of 2022, but finance ...

Published 13 Feb, 2023 05:57am

Business & Finance

UK PM shuffles cabinet to bolster economy

LONDON: British Prime Minister Rishi Sunak reshuffled his cabinet on Tuesday, breaking up two departments to better...

Published 08 Feb, 2023 06:39am

Opinion

Britain takes fight to restore investor faith into 2023

Major investors are rethinking their support for Britain’s economy following months of political turmoil and...

Published 17 Dec, 2022 05:58am

Business & Finance

UK economy rebounds in Oct

LONDON: Britain’s economy rebounded in October a little more strongly than expected from September when output was...

Published 13 Dec, 2022 07:38am

Business & Finance

UK’s Compass, world’s largest caterer, sees profits triple

LONDON: Britain’s Compass, the world’s largest caterer, on Monday said annual profits had tripled as companies...

Published 28 Nov, 2022 05:48am

Business & Finance

UK public finances worsen, as OECD warns on outlook

LONDON: UK state borrowing jumped last month, official data showed Tuesday, as the government cushions consumers ...

Published 23 Nov, 2022 05:55am

Markets

UK sells 1.5bn pounds of 50-year inflation-linked debt

LONDON: Britain sold 1.5 billion pounds ($1.78 billion) of a 50-year index-linked bond on Tuesday, after receiving...

Published 22 Nov, 2022 06:47pm

Business & Finance

Britain warns tax hikes coming after Truss fiasco

LONDON: The UK government on Sunday warned of impending tax hikes, especially for the wealthy, as it bids to repair...

Published 14 Nov, 2022 07:01am

World

Boris Johnson battling to win support for UK PM comeback bid, Sunak enters race

LONDON: Boris Johnson was fighting on Sunday to get enough support to make a shock return as Britain’s prime...

Published 24 Oct, 2022 07:20am

UK’s Truss sacrifices her finance minister

LONDON: British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday and scrapped parts of...

Updated 15 Oct, 2022 09:41am

Business & Finance

UK economy unexpectedly shrinks in August, falls by 0.3%

LONDON: Britain’s economy shrank by 0.3% in August, hit by weakness in manufacturing and maintenance work in North...

Published 12 Oct, 2022 12:08pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
Dow Jones / Apr 18	37775.38
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35
Hang Seng / Apr 19	16205.02
FTSE 100 / Apr 19	7834.89
Germany DAX 30 / Apr 19	17717.67

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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