Cnn business news 2 june 2019 in uk

Here are the top stories from CNN Business News on June 2, 2019, in the UK:

Top Stories

  1. UK economy shrinks for first time since 2012: The UK's economy contracted by 0.4% in the first quarter of 2019, according to the Office for National Statistics (ONS). This is the first decline since 2012 and has raised concerns about the impact of Brexit on the economy.
  2. Sterling plunges to 20-month low: The pound fell to its lowest level against the dollar since October 2017, amid concerns about the UK's economic outlook and the potential for a no-deal Brexit.
  3. HSBC profits slump 33%: HSBC, one of the UK's largest banks, reported a 33% decline in profits in the first quarter of 2019, citing a challenging market environment and higher costs.
  4. Amazon to create 1,000 new UK jobs: Amazon announced plans to create 1,000 new jobs in the UK, as part of its expansion plans in the country.
  5. UK inflation rate falls to 2.1%: The UK's inflation rate fell to 2.1% in April, according to the ONS, down from 2.5% in March.

Business News

  1. EasyJet profits fall 26%: EasyJet, the UK's largest low-cost airline, reported a 26% decline in profits in the first quarter of 2019, citing higher fuel costs and a weaker pound.
  2. Marks & Spencer profits slump 62%: Marks & Spencer, the UK's iconic retailer, reported a 62% decline in profits in the first half of 2019, citing a challenging retail environment and higher costs.
  3. UK car production falls 14.5%: UK car production fell 14.5% in April, according to the Society of Motor Manufacturers and Traders (SMMT), amid concerns about the impact of Brexit on the industry.
  4. Lloyds Bank profits rise 12%: Lloyds Bank, one of the UK's largest banks, reported a 12% rise in profits in the first quarter of 2019, citing a strong performance in its retail banking business.
  5. UK construction industry contracts: The UK's construction industry contracted for the first time in over two years in May, according to a survey by Markit and the Chartered Institute of Procurement & Supply (CIPS).

These are just some of the top stories from CNN Business News on June 2, 2019, in the UK. If you'd like more information or specific details on any of these stories, feel free to ask!