United Kingdom


UPDATE 1-UK retail sales grow faster in July, helped by World Cup and discounting

British shoppers spent more than expected in July, after hot weather and the World Cup continued to boost food sales and other retailers offered discounts, pointing to a solid start to the third quarter for the economy. Retail sales volumes rose by 0.7 percent, and were 3.5 percent higher than a year earlier, above economists' average forecasts in a Reuters poll for a 0.2 percent monthly rise a

PRESS DIGEST- British Business - Aug 8

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

U.S. arms makers praise new U.S. weapons export policy

U.S. arms makers attending the Farnborough Airshow in Britain on Monday lauded the U.S. government's push to sell more weapons overseas and said they expected European defense spending to increase in the coming years.