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UK Economy Headlines

Royal wedding and sunshine boost retail sales

The Royal wedding holiday and record warm weather helped drive retail sales to the fastest expansion for a month of April in a decade, pushing the pound and gilt yields higher on Thursday.

CBI factory orders balance improves

Factory order growth accelerated more than expected in May and price pressures eased to their lowest since December, the CBI's monthly industrial trends survey showed on Thursday.

Consumer confidence falls

Consumer confidence fell in April after rising in the previous month, a survey showed on Thursday, underlining the fragility of the recovery and the tough outlook for retailers.

Banks back fund for small businesses

Five of Britain's top banks are backing a 2.5 billion pound fund launched on Thursday to invest in small and medium-sized businesses that are struggling to attract financing.

Murky outlook keeps Bank rate-setters divided

The Bank of England is no closer to raising interest rates, minutes of its latest rate-setting meeting showed on Wednesday, as mixed jobs data highlighted the patchy nature of the economic recovery.

Jobs market improves but doubts linger

The labour market continued to show modest signs of improvement in March, although a jump in the number of benefits claimants last month raised doubts about the prospect for any further strengthening.

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