Cnn business news june 8 2019 in uk

Here are the top business news stories from CNN Business on June 8, 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, due to a decline in investment banking revenues and higher costs.

Market News

  1. FTSE 100 falls 1.4%: The UK's leading stock market index, the FTSE 100, fell 1.4% to 7,444.15, amid concerns about the UK's economic outlook and the impact of Brexit on the market.
  2. Oil prices rise: Oil prices rose 1.4% to $62.15 per barrel, amid concerns about supply disruptions in the Middle East and a decline in US oil inventories.

Business News

  1. Amazon to create 2,000 new UK jobs: Amazon announced plans to create 2,000 new jobs in the UK, as part of its expansion plans in the country.
  2. McDonald's to open 50 new UK restaurants: McDonald's announced plans to open 50 new restaurants in the UK, as part of its expansion plans in the country.
  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 its efforts to reduce costs and improve efficiency.

Technology News

  1. Google to invest £1 billion in UK: Google announced plans to invest £1 billion in the UK, as part of its efforts to expand its operations in the country.
  2. Facebook to launch new UK data centre: Facebook announced plans to launch a new data centre in the UK, as part of its efforts to expand its operations in the country.

These are just some of the top business news stories from CNN Business on June 8, 2019, in the UK.