UK manufacturing hit by weak demand and Red Sea crisis; house prices return to growth – business live

UK manufacturing hit by weak demand and Red Sea crisis; house prices return to growth – business live
By: The Guardian Posted On: March 01, 2024 View: 14

Ongoing crisis in the Red Sea caused disruptions to UK factory production, while UK house prices have risen for first time in more than a yearFull story: UK house prices rise for first time in more than a year as interest rates dropThe takeover battle over UK haulage firm Wincanton has taken another twist this morning.Wincanton’s board have thrown their support behind a £762m takeover offer from the American logistics company GXO and dropped their backing for a rival bid.“The sale of 50% of BritBox International means ITV is focused on its core strategic goals of continuing to build on ITVX’s success and growing ITV Studios.I would like to thank the BritBox International team for making the company such a success and particularly CEO Reemah Sakaan for her leadership, drive and vision.” Continue reading...

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