Cnn business news 21 july 2019 in uk

Here are the top stories from CNN Business News on July 21, 2019, in the UK:

Top Stories

  1. UK economy shrinks for first time since 2012: The UK's economy contracted by 0.2% in the second quarter of 2019, according to the Office for National Statistics (ONS). This is the first time the economy has shrunk since 2012.
  2. Brexit uncertainty hits UK consumer spending: UK consumers are cutting back on spending due to uncertainty over Brexit, according to a survey by the Confederation of British Industry (CBI). The survey found that 62% of businesses reported a decline in consumer spending.
  3. HSBC profits fall 33%: HSBC, one of the world's largest banks, reported a 33% fall in profits in the first half of 2019. The bank's profits were hit by a decline in investment banking revenues and higher costs.
  4. UK inflation rate falls to 2%: The UK's inflation rate fell to 2% in June, according to the ONS. This is the lowest rate since November 2016.
  5. Amazon to create 1,000 new jobs in UK: Amazon announced plans to create 1,000 new jobs in the UK, including 500 in its fulfillment centers and 500 in its corporate offices.

Market News

  1. FTSE 100 falls 0.5%: The UK's FTSE 100 index fell 0.5% to 7,542.50, driven by concerns over the UK economy and Brexit.
  2. Sterling falls against dollar: The pound fell 0.4% against the US dollar to $1.24, as investors became more cautious over the UK economy.
  3. Oil prices rise: Oil prices rose 1.2% to $63.50 a barrel, driven by concerns over supply disruptions in the Middle East.

Business News

  1. McDonald's to open 50 new restaurants in UK: McDonald's announced plans to open 50 new restaurants in the UK, creating 1,000 new jobs.
  2. Sainsbury's to cut 3,000 jobs: Sainsbury's, one of the UK's largest supermarkets, announced plans to cut 3,000 jobs as part of a cost-cutting program.
  3. EasyJet to cut 1,000 jobs: EasyJet, the UK's largest low-cost airline, announced plans to cut 1,000 jobs as part of a cost-cutting program.

These are just some of the top stories from CNN Business News on July 21, 2019, in the UK.