The company's stock saw a sharp decline of six per cent, marking it as the top faller on the FTSE 100. The underlying issue, as Kingfisher explained, stemmed from ongoing weaknesses in their French market.

Due to the dramatic increase in prices across the UK, retail sale volumes are the lowest that they have ever been since 2021.

Britain's Conservative government this week unveils a budget update that could determine its chances of re-election -- or the size of its defeat -- with promises to reinvigorate the economy as the party lags badly in the polls.

UK housing rental prices spiked by a record rate with London hit particularly hard, official data showed Wednesday, stoking a cost-of-living crisis as inflation remains elevated despite a sharp slowdown.

UK inflation hit the lowest level in two years last month after consumer prices fell sharper than expected on easing energy bills, official data showed Wednesday, relieving a cost-of-living crisis and pressure on embattled Prime Minister Rishi Sunak.

In September, inflation stood at 6.7 per cent, as many people across the UK continue to struggle with the cost-of-living crisis.

Mortgage brokers have hailed Nationwide's decision as a "watershed moment", anticipating a revitalisation of the property market and instilling hope among borrowers.

Savills, a fancy estate agency, says that the worst might be over, and house prices are expected to stop falling by next summer.

UK retail sales growth declined in October as UK consumers are cautious of spending and saving for Christmas amidst the cost-of-living crisis which has sparked a recession for the UK economy.

Nine members of the Monetary Policy Committee (MPC) voted 6-3 in favour of maintaining the current rate, in a move that was widely anticipated.

Stock markets and oil prices jumped while the dollar slid Thursday after the Federal Reserve hinted it was at an end of its rate-tightening cycle as inflation retreats.

World oil prices sank Monday as traders hoped a region-wide conflict could still be avoided and Israel said its forces killed dozens of Hamas militants in clashes in Gaza.

HSBC, headquartered in London but primarily focused on the Asian market, announced pre-tax profits of $7.7 billion (£6.4 billion) for the third quarter spanning from July to September.

Data from Zoopla shows there has been a 23 per cent reduction in housing sales so far this year compared to the same time last year.

Santander's profits rose by 20 per cent achieving an attributable profit of €8,143 million in the first nine months of 2023, but warn borrowers of the Impending impact of high-for-longer interest rates.

The preliminary reading of the S&P Global UK PMI for the services sector, often referred to as the "flash" PMI, fell to 49.2 in October from 49.3 in September.

The figures are worrying reading, as the Bank of England (BoE) prepares for its latest interest rate decision next week.

CPI reported a year-on-year increase of 6.7 per cent, maintaining the same pace as the previous month, contrary to economists' predictions of a dip to 6.6 per cent.

The figures show that between June and August of this year, wages rose at an annual rate of 7.8 per cent, higher than average inflation over the same three months.

John Glen emphasised the potential of artificial intelligence to enhance public services while saving taxpayers' money, illustrating how AI can revolutionise the public sector and increase productivity without breaking the bank.

The latest sales-monitor report from the British Retail Consortium has revealed a slowdown in retail sales growth in the UK for September. Despite a fall in inflation, the high cost of living continues to place pressure on households' budgets.

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Rachel Reeves was in the limelight in Liverpool, described as the would-be "first female Chancellor ever in Britain", and also the "best qualified".

Starmer claimed the government was exploiting the country's problems rather than solving them, and appealed to disillusioned Conservative voters to join Labour.

The meeting comes with the centre-left party enjoying double-digit leads in most opinion polls and seemingly on the cusp of returning to power.

Business investment in the UK increased in the first six months of 2023, but the growth was partly due to exceptional factors such as investment in new planes and a tax break. Businesses are now expecting inflation to be lower than previously forecast, which could reduce the pressure on the Bank of England to raise interest rates.

For Labour, the by-election represented an important battleground ahead of the next UK general election, with the Labour leader Sir Keir Starmer declaring it a "seismic" night and that people in Rutherglen and Hamilton West had sent "a clear message".

On Thursday, Metro Bank issued a statement to reassure investors after the short suspension of their shares due to volatility amidst suffering a hefty 25 per cent fall.

Batting away concerns about his authority, Sunak insisted he was "just getting on" with the job and "delivering" on his long-term policy plans.

Chairman Jeremy Hunt has already signed off on "reallocating" money from HS2's northern leg to other transport projects, according to reports.