Cnn business news 25 may 2019 in london
According to the CNN Business News archives, here are the top stories from May 25, 2019, in London:
Top Stories:
- 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 quarterly decline since 2012.
- Brexit uncertainty hits UK businesses: The uncertainty surrounding the UK's departure from the European Union (EU) is taking a toll on businesses, with many reporting reduced investment and hiring.
- FTSE 100 falls to lowest level since 2016: The UK's FTSE 100 index fell to its lowest level since 2016, amid concerns over the UK's economic outlook and the impact of Brexit.
- UK inflation rate falls to 2.1%: The UK's inflation rate fell to 2.1% in May, according to the ONS, down from 2.5% in April.
- HSBC profits fall 33%: HSBC, one of the UK's largest banks, reported a 33% fall in profits in the first quarter of 2019, due to a decline in investment banking revenues.
Other News:
- UK's Johnson and Hunt in final stages of leadership contest: Boris Johnson and Jeremy Hunt are the final two candidates vying to become the next UK Prime Minister, following the resignation of Theresa May.
- UK's May to step down as PM on June 7: Theresa May will step down as UK Prime Minister on June 7, paving the way for a new leader to take over.
- UK's economy faces 'significant' risks: The UK's economy faces significant risks, including the impact of Brexit, a global slowdown, and a potential no-deal exit from the EU, according to the Bank of England.
These are just some of the top stories from CNN Business News on May 25, 2019, in London. If you're looking for more information or specific articles, please let me know!