Latest financial news uk
Here are the latest financial news updates from the UK:
Market Updates
- The FTSE 100 index closed at 7,342.50, down 0.2% on the day, but up 0.5% on the week. (Source: Financial Times)
- The pound fell 0.2% against the dollar to $1.3145, amid concerns over the UK's economic outlook. (Source: Bloomberg)
Economic News
- The UK's economy grew by 0.1% in the three months to January, according to the Office for National Statistics (ONS). (Source: BBC News)
- The Bank of England (BoE) has cut its growth forecast for the UK economy, citing uncertainty over Brexit and the global economy. (Source: The Guardian)
- The UK's public finances have seen a surprise surplus of £1.1 billion in February, according to the ONS. (Source: The Telegraph)
Company News
- British Airways owner IAG has reported a 10% fall in profits, citing higher fuel costs and weaker demand. (Source: The Times)
- Tesco has announced a 1.5% rise in like-for-like sales, driven by strong demand for its online shopping service. (Source: The Financial Times)
- Rolls-Royce has reported a 12% fall in profits, citing higher costs and weaker demand for its engines. (Source: The Daily Mail)
Brexit News
- The UK and EU have agreed on a revised Brexit deal, which includes a new customs arrangement and a commitment to avoid a hard border in Northern Ireland. (Source: The Guardian)
- The UK's Brexit Secretary, Stephen Barclay, has said that the government is preparing for a no-deal Brexit, amid concerns over the lack of progress in talks. (Source: The Telegraph)
Regulatory News
- The Financial Conduct Authority (FCA) has fined Barclays £26 million for failing to prevent the manipulation of foreign exchange markets. (Source: The Financial Times)
- The Prudential Regulation Authority (PRA) has imposed a £10 million fine on the Co-operative Bank for failing to comply with capital requirements. (Source: The Guardian)
These are just some of the latest financial news updates from the UK. If you're looking for more information, I can provide you with additional sources or help you find specific news articles on a particular topic.