News And Announcements
Eurozone retail sales disappoint in February
Eurozone retail sales rose less than expected in February, according to figures released on Thursday by Eurostat.
EU delays Russia coal ban under German pressure - report
The European Union will delay implementing a ban on Russian coal until mid-August because of pressure from Germany, according to a report.
FCA pledges to protect consumers after LCF scandal
The Financial Conduct Authority pledged to do more to protect consumers and shut down harmful firms as the regulator seeks to restore its reputation after the London Capital & Finance (LCF) scandal.
House prices rise at fastest rate in six months
House prices continued their northward stride in the UK in March, with fresh industry data on Thursday morning pointing to the largest increase in six months.
March bounce for footfall overshadowed by inflation storm
Retail footfall bounced back from the pits of Omicron in March, fresh industry data revealed on Thursday, though it was being viewed with caution as a possible calm before the inflationary storm.
UK households' financial wellbeing at lowest point in two years
The financial wellbeing of UK households is at its lowest level for two years amid the cost of living crisis, according to a survey released on Wednesday.
German factory orders decline in February
German factory orders fell in February for the first time in four months, dragged lower by a drop in foreign orders, according to figures released on Wednesday by Destatis.
UK construction PMI holds steady in March despite inflationary pressures
UK construction sector growth was unchanged in March despite inflationary pressures, according to a survey released on Wednesday.
EU plans phase-out of Russian coal imports - report
The EU is planning a mandatory phase-out of coal imports from Russia in response to reports about Russian atrocities in Ukraine, according to a report.
Eurozone rebounds from Covid but Ukraine war hitting exports - PMI
Business in the eurozone showed a rebound in March from the Covid Omicron variant, but the Russia-Ukraine war is starting to hit sentiment and a recession could be possible, according to a survey published on Tuesday.
UK services surge but Ukraine war hits sentiment
UK services activity surged in March as pandemic restrictions were removed but the war in Ukraine hit business confidence, a survey showed.
UK electric vehicles demand surges as total sales drop
UK electric vehicle sales surged in March as overall registrations fell sharply amid rising fuel prices, industry figures showed.
EZ heading for recession as morale slumps - Sentix survey
Investor sentiment in the eurozone has fallen to its lowest level in almost two years, according to a survey released on Monday, with inflation and the Ukraine war indicating the start of a recession in the second quarter of the 2022.
German trade picks up; impact of Ukraine conflict yet to be felt
German imports and exports rose more than expected in February, but the impact of the Ukraine conflict is yet to be felt, according to data released by Destatis on Monday.
Consumer confidence suffers biggest fall since 2008 - PwC
UK consumer confidence suffered its biggest fall in March since the financial crisis of 2008 as worries about inflation and disposable income took their toll, according to a survey released by PwC on Monday.
EU tables plan allowing Ukrainians to convert hryvnia to euros
The European Commission has tabled proposals that would allow refugees from Ukraine to convert their hryvnia currency into euros.
ScotRail renationalised after Abellio loses franchise
Scotland’s railways were renationalised on Friday, as the Scottish Government took over operations from the previous franchise holder Abellio.
Government quietly allows Chinese takeover of UK microchip plant
Ministers have quietly allowed a Chinese-owned company to take over a semiconductor plant in Wales, it was revealed on Friday, after a security review.
UK will join US in strategic oil reserves release - report
The UK will reportedly join the US in releasing more oil from its reserves as part of a joint effort to lower prices and reduce reliance on Russian supplies.
Eurozone inflation surges to record high in March
Eurozone inflation surged to a record 7. 5% in March amid rising energy prices, according to preliminary data released by Eurostat on Friday.