News And Announcements
UK growth will 'grind to a halt' in 2022, inflation to hit 10% - BCC
UK economic growth will "grind to a halt" this year before falling briefly into contractionary territory, according to the British Chambers of Commerce.
House buyer demand falls in May as prices rise further
Demand from prospective house buyers fell in May as rising interest rates and the cost-of-living crisis gave potential purchasers pause, even though house prices were still expected to rise in the short term, according to industry data released on Thursday.
UK growth to be slowest in developed world, says OECD
The UK is set to experience the slowest growth in the developed world next year, according to the Organisation for Economic Co-operation and Development (OECD).
Eurozone GDP growth better than originally estimated in Q1
Eurozone GDP grew faster than initially estimated in the first quarter, while employment growth for April was also revised up, according to figures released by Eurostat on Wednesday.
UK construction sector growth eases in May
Growth in the UK construction sector slowed in May as deteriorating consumer confidence and rising inflation led to the weakest rise in residential work for two years, according to a survey released on Wednesday.
UK house prices slowing as market shows signs of cooling - Halifax
UK house prices slowed again in May as the market showed signs of cooling as soaring inflations starts to hit buyers, mortgage lender Halifax said on Wednesday.
German industrial production rises less than expected
German industrial production rose less than expected in April, according to figures released on Wednesday by Destatis.
World Bank slashes global growth forecast
The World Bank cut its global growth forecast on Tuesday as it said the Ukraine conflict had compounded damage from the Covid-19 pandemic and warned over the risks of stagflation.
Jane Street files suit over LME nickel trading crisis
Another US financial conglomerate has sued the London Metal Exchange over the nickel trading crisis, it emerged on Tuesday, with Jane Street making the latest legal claim against the exchange.
UK service sector under pressure as inflation surges
UK business growth slowed sharply in May, a closely-watched survey showed on Tuesday, as surging inflation hit home.
Eurozone construction activity falls for first time in nine months
Eurozone construction activity fell in May for the first time in nine months, moving into contractionary territory amid supply chain issues and rising prices, according to a survey released on Tuesday.
German factory orders unexpectedly fall in April
German factory orders unexpectedly fell in April amid supply chain issues, according to figures released on Tuesday by Destatis.
Retail sales slip as inflation firms its grip
Retail sales fell in May, according to fresh data released on Tuesday morning, as the cost-of-living crisis and soaring inflation squeezed consumers further.
New car registrations fall more than 20pc as supply issues continue
New car registrations declined by more than a fifth in May, according to fresh industry data on Monday, making for the second-weakest May in three decades, as shortages of components continued to impact availability.
Elliott funds sue LME over nickel market squeeze
Activist fund Elliott Investment Management has filed suit against the London Metal Exchange, it emerged on Monday, after a huge short squeeze in March saw the exchange cancelling nickel trades.
China's Caixin services PMI picks up in May but remains in contraction
Activity in China’s services sector picked up in May but remained in contractionary territory as Covid restrictions weighed, according to data released on Monday.
German retail sales tumble much further than expected
German retail sales plunged far beyond expectations in May, according to data released on Wednesday morning, as rising consumer prices and lockdowns in China took their toll.
UK manufacturing growth slows to lowest level in seven months
UK manufacturing growth slowed in May, according to fresh industry data released on Wednesday, as output, new orders and employment rose at weaker rates.
Richard Lloyd takes over as FCA interim chairman
City watchdog the Financial Conduct Authority said Richard Lloyd, a former director at Which?, had taken over as its interim chairman.
Eurozone manufacturing growth slows to 18-month low
Eurozone manufacturing growth fell to an 18-month low in May, with orders down for the first time in nearly two years amid inflationary pressures.