Business News of the UK : Business News of the UK

Utility raises rates in Britain
LONDON, Aug. 21 (UPI) -- German energy giant E.ON said Thursday it would raise electric rates 16 percent and gas rates 26 percent for most of its 5.5 million British customers.

British group alleges overcharging on gas
LONDON, Aug. 16 (UPI) -- Britain's Automobile Association contends oil companies' refusal to trim their prices is causing unfair prices at the pump.

Staple foods up 27 percent in Britain
LONDON, Aug. 11 (UPI) -- Staple food items -- bread, milk and meat -- have jumped 27 percent in price in Britain in the past 12 months, a supermarket research group said Monday.

Collectables gather more value
LONDON, Aug. 9 (UPI) -- The value of collectables is soaring, especially as an investment hedge against inflation, officials of the British firm Collins Stewart say.

Think tank warns of soaring oil prices
LONDON, Aug. 8 (UPI) -- Plentiful oil reserves underground will not prevent supply issues from pushing prices above $200 a barrel in the next 5 to 10 years, a British study group said.

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