News And Announcements
Soaring energy costs propel Eurozone inflation to record high
Eurozone inflation surged to its highest rate on record in November, official data confirmed on Friday, as energy costs surged.
EU new car registrations fall for fifth month as chip shortage lingers
European Union new passenger car registrations fell for the fifth consecutive month in November, according to industry data released on Friday, with the number sliding 20. 5% year-on-year to 713,346 units.
German business sentiment deteriorates in December
German business sentiment deteriorated in December amid worries about coronavirus, according to a survey released on Friday by the Ifo Institute.
CMA says Cellnex purchase of CK Hutchison towers would harm competition
The CMA has provisionally found Cellnex’s proposed purchase of CK Hutchison’s telecoms towers would harm competition.
House price growth to slow in 2022 - Halifax
Halifax is predicting flatter house price growth in 2022 following the bumper gains seen this year, but warned there remained considerable uncertainty around its forecast.
BOJ winds back stimulus but extends support for small firms
The Bank of Japan on Friday said it would wind back emergency Covid pandemic-funding but extended financial relief for small firms.
UK retail sales unexpectedly jump in November
Retail sales unexpectedly jumped in November, official data showed on Friday, boosted by strong demand for clothing and a bumper Black Friday.
Omicron dents consumer confidence - GfK
Consumer confidence has eased, a closely-watched survey published on Friday showed, hit by the emergence of the Omicron variant and the rising cost of living.
Daily Mail goes private after family secures backing
Jonathan Harmsworth has succeeded in taking Daily Mail and General Trust private after securing enough shareholder support over the opposition of some prominent investors.
Sunak to hold talks with business over 'lockdown by stealth' - report
Chancellor Rishi Sunak will hold talks on Thursday with representatives of the hospitality and business leaders, raising hopes of government support for sectors hit by the Omicron variant.
ECB to phase out pandemic stimulus
The European Central Bank left interest rates unchanged on Thursday as it said it would phase out its emergency bond-buying programme and increase other stimulus measures.
BoE raises interest rates to 0.25% in surprise move
The Bank of England voted for a surprise increase in interest rates to 0. 25% on Thursday to stop inflation taking hold with prices rising faster than expected.
UK economic activity slows sharply as Omicron hits - survey
UK economic activity slowed sharply in December, research showed on Thursday, hit by tighter pandemic restrictions and growing uncertainty over the spread of Omicron.
Eurozone growth slows as Covid-19 hits services
The eurozone economy slowed in December as the effect of rising coronavirus infection rates on the region's service sector more than offset stronger manufacturing growth, a survey showed.
UK inflation to peak above 6% in April 2022, says Deutsche Bank
Deutsche Bank said on Wednesday that it now expects headline consumer price inflation to peak above 6% in April next year, marking the highest annual rate of inflation since the Bank of England's independence in 1997.
House prices dip as stamp duty holiday ends
UK house prices eased in October, official data showed on Wednesday, after the stamp duty holiday came to an end.
Ofgem calls for energy suppliers to undergo financial stress testing
British energy suppliers will be required to undergo financial stress testing from January as part of an effort by Ofgem to measure firms' resilience against a range of scenarios in order to boost financial resilience in the sector.
Factory output strengthens in China, but Covid fears hit retail sector
Chinese factory output unexpectedly grew in December, but both retail sales and investment growth missed forecasts, official data showed on Wednesday.
Inflation surges to highest level for a decade
Annual inflation surged to 5. 1% in November, the highest rate for over a decade, official data showed on Wednesday.
Tesco averts another strike with Usdaw pay deal
Tesco has averted another potential strike in the middle of the busy pre-Christmas trading period, it was reported on Tuesday, as it reached a new pay agreement with the Usdaw trade union.