Trends - Rishi Sunak - Business Recorder

Rishi Sunak

Bank of England to focus on recovery hopes even as lockdown drags on

The BoE also said then it expected inflation to be at its 2% target in each of the next three years.

Published 04 Feb, 2021 12:20pm

World

Yellen notes ‘importance’ of US-UK relationship

WASHINGTON: Newly-installed US Treasury Secretary Janet Yellen on Wednesday spoke with her British counterpart Rishi...

Published 28 Jan, 2021 04:40am

Business & Finance

Muted recovery for UK retailers in Dec ends worst year on record

LONDON: British retailers struggled to recover in December from a partial coronavirus lockdown the previous month,...

Published 23 Jan, 2021 03:56am

Markets

FTSE 100 edges up as HSBC, drugmakers gain

LONDON: British shares inched higher on Tuesday, supported by gains in HSBC and drugmakers, at a time when tighter...

Published 20 Jan, 2021 04:29am

Markets

FTSE 100 rises as HSBC, Rio Tinto jump

Miner Rio Tinto rose 1.4 after reporting a 2.4% rise in fourth-quarter iron ore shipments, helped by increased demand from China.

Published 19 Jan, 2021 02:34pm

World

UK PM, finance minister to meet business leaders on COVID recovery

The council later today is co-chaired by the prime minister and the chancellor and it will be an opportunity for members to share their views on the economy.
The government is also setting up a "better regulation committee", also chaired by Sunak.

Published 18 Jan, 2021 07:08pm

World

UK eyes one-off COVID-19 grant instead of permanent benefit hike

British welfare benefits for working-age adults are low compared with elsewhere in Europe.
The weekly increase to Universal Credit, which is paid to nearly six million working-age households affected by unemployment or low income.

Published 16 Jan, 2021 05:56pm

World

UK's Sunak looking to delay tax rises

Sunak has also rejected calls to extend a temporary cut to taxes on property purchases, known as stamp duty, that is due to expire at the end of March.
But the truth is that no decisions have been taken this far in advance, not least given the amount of uncertainty in the current outlook.

Published 09 Jan, 2021 05:52pm

World

Britons ordered to stay at home as third national lockdown begins

Highly contagious new COVID variant spreading fast.
Hospitals under strain, risk being overwhelmed.
All schools, non-essential shops, hospitality closed.
Measures to last at least seven weeks, likely longer.
Italy, Germany keep restrictions in place as infections soar.

Published 05 Jan, 2021 07:38pm

World

UK launches new £4.6bn plan to help virus-hit firms

The Bank of England is also pumping out vast sums of cash to prop up the devastated economy.

Published 05 Jan, 2021 04:38pm

World

UK's Sunak to offer more help to businesses on Tuesday, minister says

"The Chancellor (Sunak) will be saying a little bit more about additional support for business," Michael Gove told Sky News.

Published 05 Jan, 2021 01:00pm

Business & Finance

UK telecoms company Openreach to create 2,500 jobs

Work on connecting households and offices to faster and more reliable broadband will see supply chains create a further 2,800 jobs, it added.

Published 18 Dec, 2020 05:13pm

World

UK extends job retention scheme until the end of April

Sunak also said he was extending government-guaranteed business loan schemes until the end of March.

Published 17 Dec, 2020 07:50pm

World

UK jobless rate rises again, redundancies hit record high

The number of redundancies reached a record high of 370,000 in the August-to-October period, although it decreased in October alone, the Office for National Statistics said.

Published 15 Dec, 2020 05:11pm

World

UK pauses public sector pay hikes, except for health workers

Sunak said he had to address the "disparity" between public and private sector wages in a move opposition parties said.

Published 25 Nov, 2020 06:59pm

Business & Finance

After borrowing surge, UK's Sunak to announce more spending

Sunak will announce extra investment to ease a backlog in the health system, counter a surge in unemployment and build new infrastructure in a one-year Spending Review that he is due to deliver to parliament at around 1230 GMT.

Published 25 Nov, 2020 10:04am

World

Virus has put 'enormous strain' on UK economy: minister

But he ruled out a return to austerity measures.

Updated 22 Nov, 2020 05:51pm

World

UK's Sunak says he hopes for a Brexit deal but not at any price

"Every day I am reviewing bits of text, so there is genuine progress," he said. "Certainly, it would be preferable to have a deal."
The two sides have been locked in talks for months and, while officials say they have made progress in the last few days.

Published 22 Nov, 2020 02:00am

Business & Finance

UK's Sunak warns of economic and social impact of lockdowns: The Sun

"Having a difficult economy has an impact on both our ability to fund public services like the NHS but also on individual people's long-term health outcomes," Sunak said, according to the newspaper.

Published 05 Oct, 2020 10:18am

World

UK's Sunak to offer lifeline to furloughed workers

Sunak to set out future of furlough around 1130 GMT on Thursday.
Crisis scheme that supported 9 mln jobs due to end next month.
Future support to be aimed at workers who return part-time – BBC.

Published 23 Sep, 2020 11:05pm

World

UK borrowing set to hit 350 billion pounds, risks rising further

UK heading for budget gap of 350 bln pounds – IFS.
More help for economy like in autumn - think-tanks.
UK response so far smaller than US.
Sunak acknowledges "dead weight" in his rescue plan.

Published 09 Jul, 2020 06:53pm

Business & Finance

Sunak targets youth unemployment with £2 billion scheme

The 2 billion pound Kickstart Scheme will enable employers to hire unemployed young people aged 16-24, using government funds to pay them the national minimum wage for 25 hours a week.

Published 08 Jul, 2020 10:39am

Business & Finance

UK's Sunak to spend 3 billion pounds on green projects in economy plan

Sunak is expected to focus Wednesday’s announcement mostly on countering a jump in unemployment — which the Bank of England has said could soar to 1980s levels of around 10% or more.

Published 07 Jul, 2020 01:42pm

World

UK's Sunak sees 'enormous difference' after social distance review

Obviously that is something that will make an enormous difference, I think, to many businesses who are keen to see a change.
Sunak said he understood how the rule was affecting the ability of pubs, restaurants and other hospitality firms to reopen.

Published 20 Jun, 2020 05:06pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	278.20
USD PKR Interbank Buying / May 9	278
USD to Japanese Yen / May 9	155.57
USD to Swiss Franc / May 9	0.91
Pound Sterling to USD / May 9	1.25
Euro to USD / May 9	1.07

Stock	Volume
S&P 500 / May 8	5187.67
Nasdaq / May 8	16302.76
Dow Jones / May 8	39056.39
India Sensex / May 9	72965.17
Tokyo Nikkei / May 9	38260.75
Hang Seng / May 9	18532.72
FTSE 100 / May 9	8363.71
Germany DAX 30 / May 9	18547.71

Item	Value
Crude Oil USD/Barrel / May 9	79.44
Karachi Cotton PKR/37.32 KG / May 9	19935
Gold 10 Grams PKR / May 9	205075
Gold Spot USD/Ounce / May 9	2318.17
Cotton US¢/pound / May 9	79.20
Petrol/Litre / May 10	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 10 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 10 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 10 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 10 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 10 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 10 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 10 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 10 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 10 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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