News And Announcements
Oil supply set to overtake demand - IEA
Oil supply is on track to outstrip demand, the International Energy Agency forecast on Wednesday, with the Omicron variant having only a "muted" impact on demand.
Covid Plan B to end in England
The latest Covid-19 restrictions will end in England from 26 January, the prime minister announced on Wednesday.
House prices jump in November - ONS
House prices jumped in November, official data showed on Wednesday, as growth picked up again following the end of the stamp duty holiday.
FRC fines KPMG, partner over Conviviality audit failures
The Financial Reporting Council has imposed sanctions against KPMG and audit partner Nicola Quayle, it announced on Wednesday, over the company’s audits of failed drinks business Conviviality for the 2017 and 2018 financial years.
UK inflation hits highest level in nearly three decades
UK inflation jumped to its highest level in nearly three decades in December, making a rate hike in February increasingly likely.
Meet UK standards or ship out, FCA warns European firms
European firms wishing to retain their temporary Brexit permissions need to meet the FCA’s standards to continue operating in the UK, the regulator confirmed on Tuesday.
German investor sentiment improves in January - ZEW
German investor sentiment improved in January amid hopes the economy will pick up as Covid cases fall, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
European car sales slide amid chip shortage
Car sales in the European Union fell sharply in December, industry data showed on Tuesday, as the global chip shortage weighed heavily.
Kier in talks to buy Tilbury Douglas - report
Kier Group is in talks to acquire Tilbury Douglas, the construction arm of collapsed outsourcer Interserve, it was reported on Tuesday.
Unemployment eases as firms rush to fill record levels of vacancies
The UK unemployment rate has eased, official data showed on Tuesday, as companies continued to hire more staff despite the emergence of the Omicron variant.
NIESR forecasters to strike over below-inflation pay offer
Economic forecasters are set to stage a two-week walkout over, ironically, below-inflation pay offers.
Retail footfall rises as shoppers return to high streets - Springboard
Footfall at UK retail destinations rose last week as shoppers returned to high streets, according to data released on Monday by retail analyst Springboard.
Chinese economic momentum eases as outlook cools
China reported a solid end to the year on Monday, with better-than-forecast economic growth, but the upbeat note was tempered after the central bank unexpectedly cut a key lending rate amid a weaker outlook.
House prices spark in busiest start to the year
UK house prices continued to rise in January, marking the busiest start to the year on record, an industry survey showed on Monday.
US consumer confidence dips below forecasts in January
US consumer confidence slipped to its second lowest reading ever amid increasing worries over inflation, the results of a very closely-followed survey revealed.
US retail sales slump in December amid rising prices
US retail sales unexpectedly slumped in December amid rising prices, according to figures released on Friday by the Commerce Department.
China's foreign trade surplus jumps in December as imports slump
China's foreign trade surplus surged at the end of 2021, but only as a result of the drag on imports from weakness in the country's property sector.
German GDP up 2.7% in 2021 but still below pre-Covid levels
Germany’s economy grew by 2. 7% in 2021 despite surging Covid-19 and new restrictions and supply chain constraints, according to preliminary official data released on Friday.
UK GDP recovers to above pre-pandemic levels
The UK economy recovered to above pre-pandemic levels in November, with growth across all industries, according to figures released on Friday by the Office for National Statistics.
Covid-19 self-isolation period cut to five days
The minimum isolation period in England for people who test positive for Covid-19 is to be cut to just five days, the government confirmed on Thursday.