News And Announcements
UK car production rises 13.3% in May
UK car production rose 13. 3% in May, with 62,284 units leaving factory gates.
Nationwide sees 'tentative' slowdown in house prices after June figures
The pace of growth in UK house prices in June slowed from the previous month, with “tentative” signs of a slowdown in the market, mortgage lender Nationwide said on Thursday.
China's services, manufacturing activity rebounds in June
Activity in China’s manufacturing and services sectors rebounded in June as Covid restrictions were eased in Shanghai, according to figures released on Thursday by the National Bureau of Statistics.
UK Q1 GDP growth confirmed at 0.8%; household incomes decline 0.2%
The UK economy grew 0. 8% in the first quarter, according to figures released on Thursday by the Office for National Statistics, in line with the initial estimate.
BoE's Bailey leaves door open to 50bp hike but says economy "at something of a turning point"
The head of the Bank of England walked a fine line between hawkishness and its gradual approach to interest rates up until now at the European Central Bank Forum in Sintra, Portugal.
Eurozone sentiment falls in June
Sentiment across the Eurozone faltered in June, a closely-watched survey showed on Wednesday, as concerns about the economic outlook weighed heavily.
Ofgem unveils £21bn package to boost electricity networks
Ofgem, the energy regulator, has unveiled a £21bn package to upgrade the UK’s regional electricity networks, but insisted that household bills will not rise as a result.
UK shop price inflation hits fresh high
Shop price inflation hit levels not seen since 2008 in June, research published on Wednesday showed.
Grocery volumes ease as shoppers look to manage spending
Grocery volumes eased in June, industry data showed on Tuesday, as soaring inflation and the rising cost of living weighed heavily.
Retail footfall hit by rail strikes
Retail footfall fell last week, industry data showed on Monday, hit by the widespread travel disruption.
UK at risk of recession - KPMG
The UK faces potential recession, a report warned on Monday, as surging inflation and the cost-of-living crisis dent consumer spending.
German business sentiment deteriorates in June - Ifo
German business sentiment unexpectedly deteriorated in June, according to a survey released on Friday by the Ifo Institute.
Lamprell says it's exploring funding options, shares tank
Lamprell shares tanked on Friday as it said it was exploring funding options and that it had received a bid approach from major shareholder Blofeld at a "very significant" discount.
UK retail sales drop in May as households cut back on food spending
UK retail sales fell in May as households cut spending on food amid the cost-of-living crisis, according to figures released on Friday by the Office for National Statistics.
Consumer confidence falls to record low - GfK
Consumer confidence has fallen to an historic low, a survey showed on Friday, as soaring inflation and the weakening economic outlook weighed heavily.
BA workers at Heathrow vote to strike over pay
The summer of industrial action looks set to grow, with British Airways workers at Heathrow voting on Thursday to walk out at the height of the summer holidays.
Retail sales struggle as inflation bites - CBI
Retail sales fell in June, a survey published on Thursday found, as surging inflation weighed heavily on demand.
UK economy 'running on empty' as activity slows
UK economic activity stalled in May, a closely-watched survey showed on Thursday, weighed down by a slowdown in manufacturing.
Eurozone business growth eases to 16-month low in June
Business growth in the eurozone eased in June to a 16-month low as prices continued to surge and demand stalled, according to a survey released on Thursday.
UK's Heathrow airport raises passenger, cost forecasts
London's Heathrow airport raised passenger forecasts for the year on the back of stronger-than-expected travel demand.