Economic News
UK consumer sentiment remains weak - BRC
UK consumer confidence remained largely unchanged following the Budget, a survey showed on Thursday, weighed down by ongoing concerns about the strength of the economy.
US economy grows 2.8pc in Q3
The Commerce Department revealed on Wednesday that the US economy expanded 2. 8% in the three months ended 30 September, in line with preliminary estimates, on the back of solid strong consumer spending and increased exports.
RMT accepts pay offer, settles tube dispute with TfL
The Rail, Maritime and Transport (RMT) union said it had settled its long running pay dispute with London Underground, calling the result a “substantial victory”.
FCA fines former Wizz Air exec for secret trading
The Financial Conduct Authority said on Wednesday that it has fined András Sebők, former chief supply chain officer at Wizz Air, for trading company shares when he wasn’t allowed and failing to disclose his trades.
US jobless claims flat at 213,000
Americans lined up for unemployment benefits at a broadly flat pace in the week ended 23 November, according to the Labor Department.
Macro concerns drag German consumer confidence to seven-month low
Consumer morale in Germany has fallen to a seven-month low with fears about a recession and unemployment weighed heavily on income expectations, according to a closely watched survey by the GfK Group and the Nuremberg Institute for Market Decisions (NIM).
Supermarket loyalty pricing not disadvantaging consumers - CMA
The Competition and Markets Authority (CMA) published its findings on loyalty pricing in the UK grocery sector on Wednesday, concluding that such practices were not creating unfair disadvantages after a nearly year-long review.
French consumer confidence hits five-month low
Consumer confidence in France fell to its lowest level in five months in November with households turning more negative about their living standards and personal finances.
RBNZ lowers interest rate, tempers expectations for future cuts
The Reserve Bank of New Zealand lowered its official cash rate (OCR) by 50 basis points to 4. 25% on Wednesday, marking its second consecutive half-point cut.