LONDON—British businesses are scaling back plans for pay rises and hiring, but almost half intend to increase the prices they charge customers as they seek to manage rapidly rising costs, a survey showed on Monday. The figures from a monthly Lloyds Bank survey will give mixed signals to the Bank of England on the persistence…
UK Businesses Scale Back Pay Plans Despite Higher Inflation: Lloyds
Britain’s Lloyds Bank to Close Another 48 Branches
LONDON—Lloyds Banking Group will close a further 48 branches across England and Wales, the British lender said on Wednesday, as it seeks to further cut costs by trimming its physical network. The closures are the latest in a string of such moves by the bank, which in June announced the closure of 44 different branches….
UK Fuel and Household Energy Spending Rises a Fifth in a Fortnight: Lloyds Bank
Sept. 24 saw the highest amount spent on fuel in a single day since Lloyds Bank records began, analysis of customers’ debit cards shows. The peak fell the day after BP and Tesco closed some filling stations due to problems with fuel delivery. Across the UK, people spent a fifth (20 percent) more at petrol…
Lloyd’s of London Likely Exposed to 10 Percent of Ida Losses, Chairman Says
LONDON—Lloyd’s of London is likely to be exposed to around 10 percent of the billions of dollars of insured losses from Hurricane Ida, its chairman said on Thursday, as the commercial insurance market reported a swing to a first-half profit. Ida, one of the most powerful hurricanes ever to strike the U.S. Gulf Coast, hit…
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