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☆ The room to maneuver is quite limited, economist says ahead of the U.K. budget
  + stars: | 2024-03-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe room to maneuver is quite limited, economist says ahead of the U.K. budgetThe room to maneuver is quite limited, says George Buckley, chief European economist at Nomura, ahead of the U.K. budget.
Persons: George Buckley Organizations: Nomura
☆ UK's Smiths Group names Alcoa's Williams as next chair
  + stars: | 2023-05-10 | by ( ) www.reuters.com   time to read: +1 min
May 10 (Reuters) - British industrial technology company Smiths Group Plc (SMIN.L) on Wednesday named Steve Williams as its next chairman to succeed George Buckley, who is retiring at the end of the company's annual general meeting in November. UK-born Williams, who is currently chair of U.S. aluminum producer Alcoa Corporation (AA.N), started his career at ExxonMobil. His appointment at Smiths Group is subject to his election as non-executive director at the company's AGM. He will be appointed to the board as an independent non-executive director and as chair designate in September, Smiths Group said. Reporting by Yadarisa Shabong in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
☆ UK house prices set for 15% drop, Nomura predicts
  + stars: | 2023-01-12 | by ( Andy Bruce | ) www.reuters.com   time to read: +2 min
LONDON, Jan 12 (Reuters) - British house prices look on track to fall around 15% by mid-2024, economists from Japanese bank Nomura said on Thursday, a more severe drop than other forecasters have projected. The market is already showing signs of a reversal, after the COVID-19 pandemic and tax breaks spurred a 29% surge in house prices on the official measure. Mortgage lenders estimate British house prices are already 3.5% lower than their peak, Nomura said. British house prices were forecast to fall 4.7% in 2023, and drop by 10% from peak to trough. Nomura said slumping house prices would feed through into the Bank of England's monetary policy.
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