... * Q3 underlying sales up 2.1 pct vs estimate of 3.7 pct. * China sales down 20 pct on retail inventory reductions. * Company accelerating cost cuts, launching cheaper products.
LONDON�Retail sales in the U.K. fell in September, a further sign that the country's economy may be losing some momentum. The volume of retail sales fell 0.3% for the month compared with August, primarily to unseasonably warm weather putting a damper ...
LONDON - Lloyds Banking Group may cut as many as 9,000 jobs, or about 10 percent of its work force, and close some branches as part of a reshaping of its business for the digital age, according to a person briefed on the discussions.
UK borrowers and savers can expect low interest rates for a long time because the main rate set by the Bank of England has fallen sharply over the past 30 years and shows few signs of rising, the BoE deputy governor said on Thursday.
The recovery of the UK's manufacturing sector slowed between August and Octobuer following a fall in in demand for British exports, according to an influential survey.