News And Announcements
Retail footfall strengthens in February
Retail footfall strengthened in February, industry data showed on Thursday, despite the impact of storms Dudley and Eunice.
UK house prices continue to surge - Nationwide
The average price of a house in the UK has topped £260,000 for the first time, industry data showed on Wednesday.
Retail prices rise at fastest rate in over a decade
Shop price inflation continued to rise in February, industry data showed on Wednesday, to hit the highest rate for more than a decade.
CMA clears Brookfield's purchase of SGN minority stake
Brookfield Asset Management’s acquisition of a minority stake in Scotia Gas Networks (SGN) was cleared by the competition regulator on Tuesday, after a short merger inquiry.
FCA imposes fee caps on claims management companies
New restrictions on claims management companies came into effect on Tuesday morning, to prevent them from charging “excessive fees” to consumers owed compensation from financial services firms.
Eurozone manufacturing maintains momentum in February
Europe’s manufacturing sector maintained its momentum in February, according to fresh data on Tuesday, with fewer supplier delivery delays and growth in both output and new orders.
UK mortgage borrowing rises but consumers cautious - BoE
UK mortgage borrowing rose to its highest since the end of the stamp duty holiday in January but consumer credit only crept up as households stayed cautious, Bank of England figures showed.
Lidl, Aldi benefit from grocery inflation as supermarket spending falls
Spending in UK supermarkets fell over the last three months, but still remained above pre-pandemic levels, even as grocery prices continued to surge.
Visa, Mastercard block sanctioned Russian banks from network
US-based payment card companies have cut off a number of Russian banks and financial institutions in response to sanctions imposed on the country by Washington.
UK manufacturing growth hits seven-month high
UK manufacturing growth hit a seven-month high in February, underpinned by stronger domestic demand, fewer raw material shortages and easing global supply chain pressures.
China February PMI rises to 50.2
China’s official manufacturing purchasing managers’ index (PMI) beat expectations in February, rising to 50. 2, from 50. 1 the prior month, according to data from the National Bureau of Statistics (NBS).