Sluggish UK Business Activity Improves, PMI Shows, but Threats to Outlook Abound

British business activity expanded modestly in June as new orders grew for the first time this year but employers cut jobs more quickly and worried about the conflict in the Middle East, a survey showed on Monday.

The S&P Global UK Composite Purchasing Managers' Index (PMI), a gauge of the private sector economy, rose to 50.7 from 50.3 in May - inching further above the 50.0 growth threshold. A Reuters poll had forecast a rise to 50.5.

The services sector, which dominates Britain's economy, marked its fastest growth in three months...

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