Cnn business news 3 june 2019 in uk
Here are the top stories from CNN Business News on June 3, 2019, in the UK:
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 decline since 2012 and has raised concerns about the impact of Brexit on the economy.
- 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.
- 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.
Business News
- Amazon to create 1,000 new UK jobs: Amazon has announced plans to create 1,000 new jobs in the UK, as it expands its operations in the country.
- EasyJet profits fall 21%: EasyJet, the UK's largest low-cost airline, reported a 21% decline in profits in the first quarter of 2019, citing higher fuel costs and a weaker pound.
- UK inflation rate falls to 2.1%: The UK's inflation rate fell to 2.1% in May, according to the ONS, as the cost of food and clothing fell.
Market News
- FTSE 100 falls 0.5%: The FTSE 100 index fell 0.5% on June 3, 2019, amid concerns about the UK's economic outlook and the potential for a no-deal Brexit.
- Oil prices rise: Oil prices rose on June 3, 2019, amid concerns about supply disruptions in the Middle East and a weaker dollar.
- Gold prices fall: Gold prices fell on June 3, 2019, amid a stronger dollar and lower demand for safe-haven assets.
These are just some of the top stories from CNN Business News on June 3, 2019, in the UK. If you're looking for more information or specific news articles, please let me know!