Economic News
US CPI rises by 0.2pc in October
The US consumer price index increased to 315. 66 points in October, according to the Bureau of Labor Statistics, up from 315. 30 points in September.
US mortgage applications rise just 0.5pc
US mortgage applications rose 0. 5% in the week ended 8 November, according to the Mortgage Bankers Association of America, principally due to a 72 basis point surge in benchmark interest rates since the beginning of Q4.
Opus Energy agrees redress after 20 years of overcharging
Opus Energy has agreed to pay over £7m in compensation after overcharging nearly 88,000 business customers due to long-standing billing errors, Ofgem announced on Wednesday.
UK grocery sales growth eases with shoppers cautious ahead of Christmas
Grocery sales growth slowed slightly over the month of October as shoppers held back spend ahead of Black Friday and Christmas, according to data from consumer intelligence firm NIQ on Wednesday.