Search

According to a report by property website Rightmove, home sellers in the UK have reduced their asking prices for the first time this year. The average asking price fell by 0.4% in July to £373,493, which is the first drop since December. Factors such as uncertainty surrounding the election and high mortgage rates have contributed to this decline. However, despite the decrease in asking prices, home sales were still up 15% compared to the previous year. The report suggests that a potential rate cut and political certainty following the election could lead to a positive autumn market. [Extracted from the article]

This article highlights the growing number of discount stores in Great Britain that is changing some of the most cherished British traditions. It explains that discount stores are facing impediment to full growth in the form of the Restrictive Trade Practices Act, which compels resale price maintenance (RPM). However, it is expected that the law will be modified as public opinion is changing because of discount stores despite stiff opposition from independent retailers.

"Grocery price inflation is still very high, but shoppers will be relieved to see the rate continuing to fall", said Tom Steel, strategic insight director at Kantar. (Bloomberg) -- Grocery price inflation fell for the seventh consecutive month in the UK while still stuck in double-digits as shoppers struggle with higher living costs. [Extracted from the article]

Shop-price inflation slowed sharply from 6.9% to a one-year low of 6.2% in September, the BRC said, with families also benefiting from price cuts to back-to-school products, such as uniforms. (Bloomberg) -- British shoppers enjoyed the first monthly drop in food prices in more than two years as retailers cut the cost of dairy products, fish and vegetables amid "fierce competition" between stores, a survey found. [Extracted from the article]

(Bloomberg) -- London and southeast England are seeing the biggest UK home discounts as buyers across the country secure the largest price cuts nationwide in almost five years. Even London's luxury housing market, where buyers are less reliant on debt, saw the number of price reductions for deals worth £5 million or more almost double in the year through July. [Extracted from the article]

(Bloomberg) -- London and southeast England are seeing the biggest UK home discounts as buyers across the country secure the largest price cuts nationwide in almost five years. Even London's luxury housing market, where buyers are less reliant on debt, saw the number of price reductions for deals worth £5 million or more almost double in the year through July. [Extracted from the article]

Asking prices reflect the bartering buyers and sellers go through to reach an agreed price and often track the figures reported weeks later by lenders. (Bloomberg) -- UK property sellers cut the prices they're asking at the sharpest pace since December, adding to evidence that soaring interest rates are weighing on the ability of buyers to afford purchases. [Extracted from the article]

That prompted almost 7% of sellers to reduce their asking price in July - more than half above the five-year average - firming Zoopla's forecast of a 5% decline in house prices this year as mortgage rates hover close to 15-year highs. (Bloomberg) -- Home sellers are increasingly offering price cuts to tempt cash-strapped Britons into deals, raising the likelihood of a further drop in house prices this year. [Extracted from the article]

(Bloomberg) -- UK property sellers cut their asking prices for the first time this year, an indication that a sharp jump in borrowing costs is cutting in on what buyers can afford to pay. "First-time buyers, trader-uppers and downsizers with higher deposits and lower mortgage requirements appear to be still keenly searching the market, not wanting to miss out on the right property that is not over-priced and that they can still afford", Bannister said. [Extracted from the article]

Yet supply halts are a persistent risk, and Britain's prices are now "more sensitive" to changes in North Sea supplies and field-maintenance schedules, Kabouche said. (Bloomberg) -- Britain's liquefied natural gas imports have sunk to the lowest since 2021, a stark turnaround from the height of the energy crisis when the country gobbled up supply - and sent record amounts to mainland Europe. [Extracted from the article]

The light iron steel scrap spot market has widened downward in the UK in the week ending Friday April 28, because some suppliers have cut their offer prices to generate cashflow with slower export business in deep-sea markets creating more domestic availability, industry sources have told Fastmarkets. [ABSTRACT FROM AUTHOR]

The UK light iron inter-merchant market was steady in the week to Friday January 20 after a small increase the week before, but downward pressures are expected to cut British prices in the coming week on weaker demand and a stronger sterling versus the dollar, sources told Fastmarkets. [ABSTRACT FROM AUTHOR]

U.K. supermarket chain Iceland cut vegetable prices to 1 penny per pack in a bid to woo shoppers squeezed by the rising cost of living. Customers can buy any of the more than 40 fresh and frozen product packages that are normally priced at 1 pound or less for 1 pence from the supermarket's online store until Thursday night. [Extracted from the article]

(Bloomberg) -- Drilling for more U.K. North Sea oil and gas won't protect consumers from volatile energy prices, the government's independent climate advisors said on Thursday. New fossil fuel projects would take decades to develop and barely impact prices because Britain is interconnected to the global market, the Climate Change Committee said in a letter to the Business Secretary. [Extracted from the article]

The UK light iron price dropped by £5 per tonne in the first week of the new year, with suppliers cutting their offer prices against slower business into deep-sea destinations such as Turkey and the Indian subcontinent in recent weeks, sources told Fastmarkets. [ABSTRACT FROM AUTHOR]

The upmarket grocer, owned by John Lewis Partnership, will pay more to farmers to protect an industry roiled by low prices and a processing backlog, said Waitrose's Senior Agriculture Manager Jake Pickering. (Bloomberg) -- British retailer Waitrose pledged to raise the price it pays for pork in a bid to cushion farmers from the financial distress caused by the U.K.'s labor shortage. [Extracted from the article]

UK suppliers of steel scrap to domestic consumers have reported a decrease in their prices in the latest monthly settlements in April, following poor market conditions as a result of the Covid-19 pandemic, market sources told Fastmarkets on Friday April 17. [ABSTRACT FROM AUTHOR]

The inter-merchant spot market for light iron scrap in the UK fell almost 19% over the week, marking an abrupt end to five weeks of stability, as major shredders cut their buying prices on expected weaker demand for steel from UK-based carmakers, sources told Fastmarkets. [ABSTRACT FROM AUTHOR]

The price of austenitic alloy steel scrap in the UK domestic market decreased this week because of lower nickel costs, sources told Fastmarkets on Friday January 31. [ABSTRACT FROM AUTHOR]

Steelmakers in the UK have won a round of price cuts in their monthly intake of ferrous scrap from domestic suppliers for October delivery contracts, amid a slowdown across the European steels sectors, Fastmarkets heard on Friday October 11. [ABSTRACT FROM AUTHOR]

The inter-merchant spot market for UK light iron scrap fell again during the week ended Friday September 27 after briefly stabilizing the week before, with shredders cutting their offer prices and smaller suppliers matching that move. [ABSTRACT FROM AUTHOR]

The deep-sea scrap import market in Turkey was quiet again after earlier bookings of UK-origin cargoes sent prices down sharply, sources said on Thursday September 19. [ABSTRACT FROM AUTHOR]

Prices for austenitic grades of alloy steel scrap in the UK domestic market decreased this week, despite high nickel costs, because of low demand from stainless steel mills, sources told Fastmarkets on Friday September 13. [ABSTRACT FROM AUTHOR]

Fastmarkets MB has corrected its aluminium scrap United Kingdom baled old rolled cuttings price which was published incorrectly on Wednesday September 11 due to an error. [ABSTRACT FROM AUTHOR]

(Bloomberg) -- Jeremy Corbyn, leader of the U.K.'s main opposition Labour Party, said he would set up a state-owned drugs maker as he promised to drive down the costs of medicines used by the U.K.'s National Health Service. Labour detailed their plan for a state-owned drugs maker in a document entitled "Medicines for the Many: Public Health Before Private Profit.". [Extracted from the article]

European and UK austenitic and chrome steel alloy scrap prices decreased over the past week because of declining demand and lower ferrous scrap costs, sources told Fastmarkets on Friday May 17. [ABSTRACT FROM AUTHOR]

The article presents information on a decline in house prices in Great Britain between January and February 2019, according to data released by the Land Registry. Topics discussed include the average house prices in England and Wales, the decline in annual rate of prices in England, and the optimism among industry experts on the housing market.

Presents news briefs on the agricultural industry in Great Britain as of October 28, 2004. Response of the Farmers For Action group to the price cut implemented on Arla milk; Activities of the dairy industry body Dairy UK on October 20, 2004; Findings of the Pesticide Incident Report concerning complaints on the use of pesticides as of May 31, 2004.

The UK light iron scrap market was stable over the past week, for the seventh week in a row, but downward pressure is expected to come in the near term after a fall in export prices, industry sources told Metal Bulletin on Friday May 25. [ABSTRACT FROM AUTHOR]

Aluminium scrap prices in the United Kingdom fell this week, following the aluminium price's February decline on the London Metal Exchange. [ABSTRACT FROM AUTHOR]

UK ferrous scrap prices for monthly deliveries to consumers in February have settled with decreases of around £20-25 per tonne compared with January's settlements, trade sources told Metal Bulletin this week. [ABSTRACT FROM AUTHOR]

UK austenitic stainless steel scrap prices have decreased over the past week due to a decline in nickel costs and slow trading, sources told Metal Bulletin on Friday December 1. [ABSTRACT FROM AUTHOR]

UK prices for inter-merchant 18/8 alloy steel scrap have stabilised after falling a week ago, sources told Metal Bulletin on Friday April 7. [ABSTRACT FROM AUTHOR]

Base metals prices gradually lost ground on the London Metal Exchange on Monday April 3 - after ranging routinely for most of the session, they ended softer and on the defensive, with copper around its cheapest for a week. [ABSTRACT FROM AUTHOR]

The UK inter-merchant prices for austenitic alloy steel scrap narrowed downward by £10 ($12) per tonne this week, following a drop in the price of nickel and a strengthening of sterling, sources told Metal Bulletin on Friday March 17. [ABSTRACT FROM AUTHOR]

Manufacturers' expectations for output over the next three months also surged, reaching the most in more than two decades, the lobby group said in a report published Tuesday, based on a survey of 423 manufacturers between Feb. 24 and March 14. AttributionBrian Swint: editor primaryFergal O'Brien: editor secondaryLucy Meakin: by reporterPaul Gordon: editor responsible. [Extracted from the article]

Presents news briefs on the farming industry in Great Britain as of November 2004. Steady growth of grain prices; Recommendations issued by Steve Ellwood, head of agriculture at HSBC, to farmers; Price cut revised by Milk Link.